The Value of a Railroad Security

Cover The Value of a Railroad Security
The Value of a Railroad Security
Mundy, Floyd Woodruff, 1876-
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R. R. 's equipment used by them 1, 705, 473 9, 452, 760 Total Credits $26, 914, 467 ♦Dining cars 5%. FLess estimated salvage value.
♦On steam locomotives rates vary fiom 3. 33% to 7. 14% and on electric locomotives rate »3 10%; on freight and work cars rates vary from 3. 33% to 6. 67% (box cars 4% stock, coal gondolas, oil tank, etc. , 5%).
Maintenanxe of Eqiiiptneiit 3S Less — Equipment Retired: Locomotives $2, 364, 766 Passenger Cars 1, 517, 653 Freight Cars 2, 775, 645 Work Equipment 110, 74
...3 Floating Equipment 108, 756 86, 877, 565; Credit Balance December 31, 1915 §20, 036, 904 To maintain the standard and value of the equipment there has been expended out of the above for new equipment 813, 978, 155 And for the balance unexpended, new equipment has been ordered under contract $6, 058, 749 Various Roads' Expenditures The following table for 1914-15 indicates the approximate- amounts expended under more or less normal conditions by various railroads for repairs and renewals, also the amounts charged for depreciation of equipment.

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