BRANCH ROADS.

415. These lines, when belonging to the main road, are generally worked at a loss; and when independent, are a poor investment. At a meeting of the directors of the Boston and Worcester (Mass.) Railroad in February, 1855, it was declared that out of six branches, but one was profitable. That four of them gave an income upon cost of from one and a quarter to one and three quarter per cent.

Independent branch lines generally share a joint business by the mileage standard; and here is where they lose, for if the branch trains do not traverse the main line, and the tribute passengers help to fill a train which runs at any rate upon the main, then the branch expense of carrying the passengers is to that of the main, as (say ninety to ten), and the branch should take 90
100 of the receipts. In this case the branch is charged with using both the cars and road of the main. If it runs its own cars over the main, (as when the branch is near the terminus,) it should be charged only with the wear of the road.

In like manner several roads, forming a continuous line, should not divide the receipts according to the mileage; but according to the cost of working that mileage. Thus if we have the continuous line below, column one shows the length; column two, the cost of building; column three, that of maintaining; and column four, the division of receipts.

Division.Length.Construction Capital.Maintaining Capital.Result.
1810410 + 4 = 14
2966 + 3½ = 9½
3677 + 2¾ = 9¾
41044 + 1¼ = 5¼