ASSETS AND LIABILITIES. STEAM RAILROAD CORPORATIONS. The gross assets of the companies, June 30, 1913, were $228,582,538.38. The several classes of assets, and the increase or decrease of each class as compared with 1912 appear in the following table. The gross liabilities at the same date, including capital stock, but excluding appropriated surplus, were $214,279,611.94. The several kinds of liabilities, and the amount of each as compared with 1912 are shown in the following table. * Do not include "Appropriated Surplus" or "Premiums on Capital Stock."' tIncludes in Surplus. Includes Premiums on Capital Stock" amounting to $6,504,716.14 in 1912, and $6,505,076.14 in 1913. **Decrease. $199,630,682 25 $214,279,611 94 $14,648,929 69 $11,036,670 95 14,302,926 44 A comparison of the foregoing tables shows that there was an increase over the previous year of $12,654,097.81 in gross assets and an increase of $14,648,929.69, in gross liabilities. * Do not include "Appropriated Surplus" or "Premiums on Capital Stock". + Includes Appropriated Surplus," and "Premiums on Capital Stock". showing Liabilities on page 9. See table CAPITAL STOCK AND DIVIDENDS. STEAM RAILROAD CORPORATIONS. The total amount of dividends declared during the year ending June 30, 1913, was $2,906,593.63, an increase of $165,082.51 over the year 1912. Ten of the fifteen railroad companies declared dividends varying in rate from four per cent to six per cent and five paid no dividends. Two companies paid six per cent; one, five and a quarter per cent; two, five per cent; one, four and a quarter per cent; one, four per cent, and three, three per cent. The amount of capital stock of the ten dividend paying companies was $78,304,182.37, on which the average rate of dividend paid was 3.71+ per cent. The following table gives the capital stock outstanding at the end of the year; the net income; the amount of dividends declared, and the average percentage of dividends to capital stock for the years 1912 and 1913. * Of the aggregate amount of dividends declared as shown by the foregoing table, it will be observed that the sum of $2,219,900.57 was not earned during the year 1913. 12 RATIO. Total expenses. operating Total general expenses. Total expenses. transportation The following table gives the cost of Total Maintenance of Way and Structures, Total Maintenance of Equipment, Total Total traffic expenses. equipment. tenance of Total main 1912. 1913. Total. $8,501,654 06 $10,370,470 31 $37,385 87 $1,117,522 14 454,536 56 23,092,965 59 392 69 74,604 02 $757,805 38 $30,323,881 95 $1,998,800 53 $51,952,612 23 5,028 77 345,150 66 1,980 85 5,820 49 19 03 3,150 98 5,262 43 260 67 RAILROADS. structures. Total maintenance of way and |