Railwaystation.com presents an Ebook for Railfans and Train Historians:
1942 Quiz Book on Railroads and Railroading
[ Railwaystation.com main site ]
[ home ]
[ about ]
[ contents ]
[ search ]
<=== PREVIOUS PAGE || NEXT PAGE ====>
Page 11 of 1942 Quiz Book on Railroads and Railroading
INVESTMENT AND CAPITALIZATION
282. What is the total investment in the railroads of the United States?
The recorded investment in railroad property at the beginning of 1941 was $26,618,000,000.
283. What is the average investment per mile of railroad?
At the beginning of 1941, the average mile of railroad in the United States, together with its proportion of other tracks, yards, buildings, locomotives, cars, shops and other appurtenances, represented a recorded investment of $110,449.
284. Has the investment in the railway plant per employee increased?
The railway investment per employee nearly trebled in the 30-year period 1910-1940, increasing from $8,600 in 1910 to $9,561 in 1920, $17-
172 in 1930 and $24,518 in 1940.
285. What is meant by railway capitalization?
The outstanding stocks and bonds constitute the capitalization of a railroad.
286. What is the total amount of railway securities outstanding in the hands
of the public?
At the beginning of 1941, the total par value of railway stocks, bonds and other securities in the hands of the public was $18,239,000,000, of which $7,103,000,000 represented stock and $11,136,000,000 represented bonds and other funded securities.
287. What is the capitalization per mile of railroad?
For each mile of railroad (including locomotives, cars and other property), the par yalue of all railway stocks in the hands of the public on January 1, 1941, was $30,557, and that of all bonds and other funded obligations was $47,906 - a total outstanding capitalization of $78,463 a mile, on the average.
288. What is the margin between the recorded investment in railroads and
their outstanding capitalization?
The recorded investment in the railroads of the United States as a whole is approximately $7,378,000,000 greater than the aggregate par value of all stocks, bonds and other securities outstanding in the hands of the public.
289. How much has been spent by the federal government and the railroads to
find the value of railway property?
From the time the Federal Valuation Act was passed, in 1913, to the end of 1940, the federal government spent $51.933>484 and the railroads spent $157,327,235, or a combined total of $209,260,719 to find the value of the railroads and to
keep the valuations up to date.
290. What value does the federal government place upon the railroads?
The Interstate Commerce Commission reported a final value for all railroads of the United States of $20,988,000,000 as of January 1, 1938, after allowing for depreciation and other factors.
291. How many railway stockholders (owners) are there in the United States?
The Class I railroads of the United States reported 861,386 stockholders at the end of 1940.
Most of these are individuals; although many firms, institutions and estates are included.
292. How many shares of stock are held by the average stockholder?
Railway stockholders held an average of 95 shares each on December 31, 1940.
293. Are railway stocks more widely owned now than in former years?
There has been a marked increase in the number of railway stockholders in the last four decades, as indicated in the chart below
|
Number of Stockholders
|
|
Name of Railroad
|
1904
|
1918
|
1940
|
|
Baltimore & Ohio
|
7,132
|
32,066
|
38,937
|
|
Boston & Maine
|
7,402
|
7,155
|
12,925
|
|
Chesapeake & Ohio
|
1,478
|
7,220
|
61,847
|
|
Great Northern
|
383
|
30,468
|
29,114
|
|
Illinois Central
|
9,123
|
11,324
|
17,848
|
|
Louisville & Nashville
|
1,672
|
5,154
|
7,361
|
|
New Haven
|
10,842
|
25,048
|
25,359
|
|
New York Central
|
11,781
|
31,767
|
62,317
|
|
Norfolk & Western
|
2,911
|
9,847
|
13,626
|
|
Northern Pacific
|
368
|
27,338
|
29,544
|
|
Pennsylvania
|
44,175
|
110,765
|
205,883
|
|
Santa Fe
|
17,823
|
49,796
|
52,628
|
|
Southern Pacific
|
2,424
|
38,502
|
43,580
|
|
Union Pacific
|
14,256
|
36,953
|
50,441
|
|
Total 15 railroads
|
135,879
|
437,080
|
651,410
|
294. How many railway bondholders are there?
It is estimated that there are approximately 1,000,000 railway bondholders in the United States.
295. What is the average rate of interest paid by the railroads on outstanding
bonds?
Approximately 4-1/2 per cent per annum.
296. What part of the total investment in railroads consists of fixed property
and what part consists of equipment?
Approximately three-fourths of the total investment in railway property consists of land, roadway, bridges, buildings, tunnels, signal systems, shops, stations and other fixed property, and one-fourth consists of locomotives, passenger and freight cars and other mobile units of equipment, commonly called "rolling stock."
<=== PREVIOUS PAGE || NEXT PAGE ====>
[ Railwaystation.com main site ]
[ home ]
[ about ]
[ contents ]
[ search ]
[ BACK TO TOP ]
Site Content Manager is Ron Paludan. Site Design and Maintenance by Eve Paludan
Copyright © 2001 Railway Station Productions, LLC unless otherwise credited.
|
|
