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Poor's Manual of Railroads 1884 History rolling stock more
Poor's Manual of Railroads 1884 OVER 1326 pages. Lots of ads.
Includes a general index , index to advertisers, history, leased and consolidated lines, controlled lines, jointly owned lines, mileage, income, assets, rolling stock, operations, financial statements, directors, and more.
INTRODUCTION TO POOR'S MANITAL FOR 1884.
REVIEW FOR 1883.
WITH this we present to the public the SEVENTEENTH annual number of the MANUAL OF THE RAILROADS OF THE UNITED STATES. The accompanying statements show a mileage at the close of the calendar year 1883 of 121,592 miles, 6,753 having been constructed within the year. The total length of completed road at the close of the companies' fiscal years was 120,552 miles. The average mileage operated during the year was 110,414. The amount of share capital issued by the several companies up to the close of their respective fiscal years was $3,708,060,583, an increase from the previous year of $207,024,759. The funded debts of the several companies amounted to $3,455,040,383, an increase from the previous year of $219,497,060. Their floating or unfunded debts amounted to $332,370,345, an increase of $61,199,383 from the previous year. The total increase of share capital and of funded and floating debts from the previous year equalled $477,721,202. The total amount of all liabilities at the close of 1883 was $7,495,471,311. The total per mile for completed mileage was $62,176. The total of stock and liabilities for 1882 was $7,016,750,109; per mile,. $61,303. The total for 1881 was $6,278,565,052; the amount per mile, $60,645. The total for 1880 was $5,402,038,257; per mile, $58,624. The total for 1879 was $4,872,017,517; per mile, $57,730.
It is to be observed that although, since 1879, the actual cost of construction per mile has steadily diminished, very few expensive lines having been built, and during the last half of that period the cost of all . construction material being unusually low, the apparent cost as represented by share capital and debt has steadily increased. The increase of cost in the four years since 1879 as represented by share capital and debt equals $4,446 per mile, and for the whole number of miles, 120,552, constructed a total of $535,974,192.
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