Portsmouth and Tygart Valley Railroad Company Richmond, Nicholasville, Irvine and Beattyville R. R. Co. St. Louis, Iron Mountain and Southern Railway Co. West Virginia, Pineville and Tennessee Railroad Co. Totals *Now a part of the Cincinnati Division. † Now Baltimore and Ohio South western Railway Company. Commission Valuation by the Companies. Valuation by the Net Earnings 1894. Gross Earnings 1894 TABLE No. 7. Showing Earnings of Railroads and Valuations of Mileage and other Property by the Railroad Companies and by the Commission for 1894. Ashland Coal and Iron Railway Company Baltimore and Ohio South western Railway Company Burnside and Cumberland River Railroad Company. Beattyville and Cumberland Gap Railroad Company Chesapeake, Ohio and South westera Railroad Company Chesapeake and Na-hville Railway Company. 10,254 8,640 2,935 435,488 1 797 100,000 47,200 2,893,098 4,296,412 40,188 58,660 Cincinnati and Kentucky Southern Railway Company 10,166 15 000 39,500 Cincinnati, New Orleans and Texas Pacific Railway Company Covington and Cincinnati Elevated Railroad and Transfer and Bridge Co. 30,449 30,449 74,155 2,128,500 Jellico, Birdeye and Northern Railroad Company. Kensee Coal Road (property of the Main Jellico Mountain Coal Company) Kentucky and Indiana Bridge Company 2,856 802 100,000 26,250 NAME OF ROAD. Kentucky Union Railway Company Kentucky Union Railway Company-Lexington Passenger and Belt Railway $182,482 $5,281 $674,380 $778,750 Company Knoxville, Cumb rland Gap and Louisville Railroad Company 21,000 Louisville Terminal Railroad Company 12,000 30,400 Louisville Bridge Company 412,308 283,656 1,273,441 1,523,441 Louisville St. Louis and Texas Railway Company 424,365 91,751 1,473 305 1,725,150 Louisville Southern Railroad Company 601,456 45,130 1,084,06 1,651,674 Louisville, New Albany and Chicago Railway Company. 11,700 43,225 Louisville and Nashville Railroad Company-Main Stem 2,029,809 917 733 3,194,085 5,290,506 Bardstown Branch (includes Springfield Branch) 57,985 17,842 104,405 195,809 Cincinnati Division 1,425,009 440,655 1 591,194 2,884,967 NAME OF ROAD. Ohio Valley Railway Company 374,463 75,376 728,626 1,154,706 Owensboro, Falls of Rough and Green River Railroad Company 36,467 181,540 175,220 Pittsburg, Cincinnati, Chicago and St. Louis Railway Company. 75,526 91,385 Paducah, Tennessee and Alabama Railroad Company 87,764 31,536 338 250 508,450 Paducah Union Depot Company 25,626 20,000 40,000 Proctor Coal Company's Road 8,000 12,000 Portsmouth and Tygart Valley Railroad Company 3,465 12,700 18,900 Richmond, Nicholasville. Irvine and Beattyville Railroad Company. 72,791 20,022 535,000 432,670 Norfolk and Western Railroad Company Cumberland River and Tennessee Railroad Company Totals. 5,800 37,680 $16,939,558 $5,666,400 $32,075,816 $52,359,590 The foregoing compilations show that the gross earnings of railroads in Kentucky for the fiscal year ending June 30, 1893, were $19,841,322; net earnings for same period, $6,444,890. For the fiscal year ending June 30, 1894, the gross earnings were $16,939,558; net earnings for same period, $5,666,400. This shows a loss of $2,901,764 of gross earnings, and $778,490 of net earnings. This heavy loss of business has depreciated the value of the railroads, and the Commission has deemed it just to reduce the assessment of railroad property. The assessment in 1893 amounted to $55,263,561. This year it is $52,359,590, a reduction of $2,903,971. The railroad companies, however, valued their property this year at $32,075,816, which is $20,283,774 less the valuation by the Railroad Commission. The assessment for common school districts continues to be far from complete, owing to the failure of county superintendents to furnish the railroad companies with the boundary lines of districts through which their lines run, or of the railroad companies to make proper use of the information thus furnished. Without the amendment to the statute recommended in our last annual Report, or other remedial legislation, the Commission cannot hope to get the full data upon which to base a complete assessment for common school taxes. ACCIDENTS. Table No. 9 shows the number of persons killed or injured on railroads during the year. |