EXHIBIT NO. 10.-Number of carriers showing annual net incomes or deficits,
class I line-haul railways, 1929-57

Source: Information in carriers' exhibit 6, 1943 Nonoperating Railway Employees' case, and Interstate
Commerce Commission, statements M-125.

EXHIBIT NO. 10-A.-Selected financial statistics, large railroads in the United
States, years 1956 and 1957

EXHIBIT NO. 10-A.-Selected financial statistics, large railroads in the United
States, years 1956 and 1957-Continued

EXHIBIT NO. 10-A.-Selected financial statistics, large railroads in the United
States, years 1956 and 1957-Continued

EXHIBIT NO. 10-A.-Selected financial statistics, large railroads in the United
States, years 1956 and 1957-Continued

EXHIBIT NO. 10-A.-Selected financial statistics, large railroads in the United States, years 1956 and 1957-Continued

Large railroads: These are railroads so classified by the Interstate Commerce Commission in its summary financial publication-Monthly Statement M-150.

Net railway operating income: The net left from operating revenues after payment of all expenses, including depreciation and all taxes, but before deducting fixed charges.

Net income: The net amount of all operating revenues and other corporate income after payment of all expenses, including depreciation, all taxes, all fixed charges, and contingent interest.

Fixed charges include fixed interest on corporate bonds and other obligations, rentals on leased properties and equipment, and other payments required by past corporation agreements and commitments. Contingent interest: Interest on income bonds and other obligations, payable only if earned. This interest is charged under ICC accounting procedures whether it is paid or not.

Depreciation: The operating expenses charged to depreciation of road and equipment property accounts under ICC accounting procedures. These are amounts of cash taken out of operating revenues and kept by the carriers for use as the carriers desire.

Cash available from operations: The total cash kept by the carriers from current earnings and depreciation accruals during the period. This is the total cash left from corporate operations that is available for the payment of dividends, replacement and improvement of properties, retirement of debt, and other purposes EXHIBIT NO. 11.-Rate of return, based on capital stock and net income, all steam railways in the United States, 1921-561

I Stock in the hands of the public, not held by railway companies.

Source: Interstate Commerce Commission, Statistics of Railways in the United States.