The Railroad Commission of Indiana is to be commended for its efforts to enlist public sentiment against trespassing on railway tracks.


[XIII]
RAILWAY RECEIVERSHIPS IN 1909

Only five railway companies, operating 859 miles of line, went into the hands of receivers during the calendar year 1909, as compared with 24 companies, operating 8,009 miles, for the preceding year. The capitalization of these five roads was $78,095,000, against $596,359,000 for those financially involved in 1908. The following statement gives the names, mileage, funded debt and capital stock of the roads for which receivers were appointed in 1909:

MileageFunded DebtStock
Atlanta, Birmingham & Atlantic572$18,533,000$35,000,000
Alabama Terminal2,445,0003,000,000
Georgia Terminal3,000,0001,500,000
Yellowstone Park32696,000696,000
Chicago, Peoria & St. Louis2555,875,0007,350,000
Total859$30,549,000$47,546,000

The number, mileage and capitalization of the railways that have failed since 1875 are as follows, the figures being from the Railroad Age Gazette:

Receiverships Since 1876.
RoadsMilesBonds and StockRoadsMilesBonds and Stock
1876426,662$467,00018937429,3401,781,046
1877383,637220,2941894387,025395,791
1878272,32092,3851895314,089369,075
1879121,10239,3671896345,441275,597
188013885140,2651897181,53792,909
188151103,7421898182,069138,701
18821291239,0741899101,01952,285
1883111,990108,4701900161,16578,234
18843711,038714,75519014731,627
1885448,836385,460190252785,835
1886131,79970,3461903922918,823
188791,04690,3181904874436,069
1888223,270186,8141905103,593176,321
1889223,80399,6641906620455,042
1890262,963105,0071907731713,585
1891262,15984,4791908248,009596,359
18923610,508357,6921909585978,095
Total, 34 years712128,498$7,370,526
[Three figures omitted in bonds and stock column.]