Fifty-Second Annual Report

1933

FIFTY-SECOND ANNUAL REPORT

THE LONG ISLAND RAILROAD • COMPANY

FOR THE YEAR ENDED 31st DECEMBER, 1933

OFFICE OF THE SECRETARY,

BROAD STREET STATION BUILDING,

PHILADELPHIA, PA.

DIRECTORS

W. W. ATTERBURY...... Broad Street Station Building, Philadelphia, Pa. HERBERT C. LAKIN...... 14 Wall Street, New York, N. Y. A. J. COUNTY...... Broad Street Station Building, Philadelphia, Pa. W. E. FREW... , ...... 13 William Street, New York, N. Y. HERBERT L. PRATT.... · ...... 26 Broadway, New York, N. Y. H. R. WINTHROP...... 26 Broadway, New York, N. Y. G. LEBOUTILLIER...... Pennsylvania Station, New York, N. Y. ALFRED H. SWAYNE...... 1775 Broadway, New York, N. Y. JOHN A. HARTFORD...... 420 Lexington Avenue, New York, N. Y. T. W. HULME ...... Broad Street Station Building, Philadelphia, Pa. M. W. CLEMENT...... Broad Street Station Building; Philadelphia, Pa. DAVID L. LUKE ...... 230 Park Avenue, New York, N. Y. CARLETON H. PALMER ...... 745 Fifth Avenue, New York, N. Y. FLOYD L. CARLISLE ...... 15 Broad Street, New York, N. Y. J. L. EYSMANS ...... Broad Street Station Building, Philadelphia, Pa .

• OFFICERS

PRESIDENT ...... w. w. ATTERBLRY VICE-PRESIDENT ...... M. w. CLE~IEXT VICE-PRESIDENT-ASSISTANT TO PRESIDENT ...... ]. L. EYS~L\.."'\S VIcE-PREsIDENT ...... G. LEBOrTILLIER VICE-PRESIDENT IN CHARGE OF FINANCE AND CORPORATE RELATIONS ...... A. J. COUXTY VICE-PRESIDENT IN CHARGE OF REAL ESTATE, VALUATION AND TAXATION.T. w. ffiL~IE VICE-PRESIDENT AND COMPTROLLER ...... F. J. FELL. JR.. VICE-PRESIDENT IN CHARGE OF PURCHASES, STORES AND INSURANCE ...... C. D. YO"GXG VICE-PRESIDENT IN CHARGE OF OPERATION ...... ]. F. DE_.\SY VICE-PRESIDENT IN CHARGE OF TRAFFIC ...... WALTERS. FR..\..,"XLIX SECRETARY ...... J. TA~"EY WILLCX>:X TREASURER ...... GEO. H. PABST, JR. GENERAL COUNSEL ...... HE:!\'"RY WOLF BIKL£ GENERAL MANAGER ...... G. L-sBOCTILLIER DEPUTY COMPTROLLER ...... EL~IER IL.\RT REAL ESTATE AGENT ...... W. W. ~L\YER PURCHASING AGENT ...... E. J. L~INECK STORES MANAGER ...... C. B. IL.\LL MANAGER, INSURANCE DEPARTMENT ...... E. B. DEVILBISS CHIEF OF FREIGHT TRANSPORTATION ...... ]. R. DOWNES CHIEF OF PASSENGER TRANSPORTATION ...... D. M. SHEAFFER CHIEF OF MOTIVE POWER ...... F. w. HANKINS CHIEF ENGINEER ...... A. c. WATSON SuPERINTENDENT, RELIEF AND PENSION' DEPARTMENTS ...... E. B. HUNT

FIFTY-SECOND ANNUAL REPORT

'THE LONG ISLAND RAILROAD COMPANY

GENERAL OFFICE, NEW YORK, N. Y., April 4, 1934.

To the Stockholders:

The Board of Directors submit herewith their report for the year ended December 31, 1933, with such data relating to your Company as will give a clear understanding of its financial condition.

MILEAGE

COMPARISON WITH 1932 DECEMBER 31, 1933 INCREASE

Miles of line owned ...... •...... •...... ••...... 386.76 Miles of line under lease .•..•...... ••...... •...... •..... 9.39 Miles of line under trackage rights ...... •.••....•..•....•..... 4.08 0.26

Total. •••..••.•...... •...... •...... •. 400.23 0.26

INCOME STATEMENT

REVENUES AND EXPENSES Total operating revenues decreased $4,151,494, or 14.7%. Freight revenues decreased 14.7%, and passenger revenues decreased 14.1 %. While total operating revenues decreased 14.7%, a further substantial reduction of $3,111,397, or 16.8%, was effected in operating expenses. The principal decreases were: $390,106 in Maintenance of Way and Structures; $567,574 in Maintenance of Equipment, and $2,117,958 in Transportation.

NET INCOME The Net Income for the year was $2,243,258, a decrease of $756,390. Against this Net Income were charged the usual appropriation to the Insurance Fund and dividends aggregating 2% upon the Capital Stock. The balance of $1,142,522 was transferred to the credit of Profit and Loss, and that account was charged with sundry net debits aggregating $21,526. In 1932, dividends of 6% were paid and charged against Profit and Loss.

GENERAL BALANCE SHEET The General Balance Sheet shows the financial condition of the Company at the close of the year and a comparison with December 31, 1932.

ROAD AND EQUIPMENT The Investment in Road and Equipment increased $556,159 in 1933, as follows:- Assessments for public improvements ...... $18,726.40 Real estate ...... 23,452.52 Heavier rail, installing tie plates and other improved track material 3,726.77 Elimination of grade crossmgs ...... 487,732.70 Crossings, crossing gates, alarm bells and flash light signals ...... 7,821.91 Bridges and trestles ...... 14,073.60 Extensions of block signals, telephone, telegraph and lighting circuits 3,545.31 Power transmission and distributing lines...... Cr. 24,133.89 Miscellaneous ...... 13,627.60 Equipment ...... 181,800.40 $730,37 3.32 CREDIT Road property retired ...... Cr. $59,952.62 Real estate sold ...... Cr. 35,300.61 Equipment retirements ...... Cr. 78,961.00 174,214.23

Net increase...... $556,159.09

Two electric passenger locomotives were purchased from The Pennsylvania Railroad Company. Work on elimination of highway grade crossings continued during the year. The Valley Stream project, which involved the elimination of seven grade crossings, closing of one street across the railroad and opening of Sunrise Avenue, a new street under the tracks, was practically completed. The recon struction of bridges at highway crossings where grades have already been separated continues to cause unremunerative expenditures, one such bridge having been rebuilt during 1933 under order of the Public Service Commission. While only one additional order for grade crossing elimination was issued during 1933, orders issued in previous years by the Public Service and Transit Commissions contemplate the elimination of 76 grade crossings at a cost of nearly $10,000,000 to the Company.

The total amount borrowed from the State of New York to provide this Company's share of .the cost of grade crossings was, on December 31, 1933, $2,289,324. As has been pointed out in previous reports, the cost of eliminating grade crossings, which benefits chiefly highway transport, is a matter of grave concern to the Company, and has for many years imposed upon it a heavy burden involving the expenditure of many millions of dollars. It seems inequitable to continue to impose these large expendi tures upon the railroads for the benefit of highway users and for competitive forms of transportation, as these grade crossing eliminations are a part of the necessary cost of building and improving roads, the full cost of which should be assumed by the states or municipalities.

ASSETS The decrease in "Deposits in lieu of mortgaged property sold" is due to release of funds deposited under lien of mortgages. The increase in "Miscellaneous physical property" reflects the purchase of property upon which the Company held a mortgage, which also explains the decrease in "Bonds," under "Other Investments."

FUNDED DEBT AND OTHER LIABILITIES Unified l\1ortgage 4% Bonds, due March 1, 1949, aggregating $3,000 were cancelled and a like amount of Refunding Mortgage 4% Bonds were issued in exchange therefor. $732,000 Equipment Trust Obligations matured and were paid. The decrease in the amount due The Pennsylvania Railroad Company results from payments on account of advances made during 1932 to enable this Company to meet its corporate requirements. The changes in "Current Liabilities" follow generally the normal variations of routine business. The changes in the accrued depreciation accounts are the net result of the operation of these accounts during the year.

p ASSENGER TRAFFIC The total number of rail passengers carried was 79,947,258, a decrease of 11,766,610 compared with 1932. The number handled through Pennsylvania Station, New York, was 40,659,957, a decrease of 4,497,591, and the number handled through Flatbush Avenue Station, Brooklyn, was 24,009,525, a · decrease of 2,342,909. The importance of Pennsylvania Station to this Company is indicated by the large number of passengers which use that terminal. The number of passengers carried on commutation, family and school tickets represents 72.4% of the total number carried, but only 56.4% of the passenger revenue.

WADING RIVER BRANCH As a result of continued loss in operation, due to lack of public patronage, application was filed with the Interstate Commerce Commission on June 23, 1933, for authority to abandon the Wading River Branch extending from Port Jefferson to Wading River, i;i. distance of 10.78 miles. No decision has been rendered by the Interstate Commerce Commission.

PENSION DEPARTMENT At the close of the year, 290 former employes were carried on the rolls of the Pension Department and the pensions paid during 1933 amounted to $179,132, being a decrease of 3 pensioners and an increase of $1,233 in payments.

ORGANIZATION CHANGES The Board record, with sorrow, the death, on August 6, 1933, of Elisha Lee, a Vice-President and Director of the Company, who was also Vice-President and a Director of The Pennsylvania Railroad Company, having spent almost 39 years of a most useful and active life in the interests of that Company and its affiliated Companies, beginning with the position of rodman and ending with that of Vice-President. Mr. Lee was an outstanding executive in the field of railroad transportation. His pleasing personality, mature experience, sound judgment and conscientious devotion to his many responsibilities inured to the benefit of the security holders and the public. In his passing, the Company is deprived of the services of a wise counsellor and his colleagues a valued friend and loyal associate. To fill the vacancy caused by the death of Jay Cooke, to which reference was made in the previous annual report, Floyd L. Carlisle, of New York, was elected a Director on March 1, 1933. ]. F. Patterson, General Manager, who also occupied a similar position with The Pennsylvania Rail road Company, was retired on May 1, 1933. To fill the vacancy, G. LeBoutillier was appointed _General Manager, in addition to his duties as a Vice-President. As a result of organization changes and to fill vacancies, the following appointments and promotions were made: M. W. Clement, Vice-President; J. L. Eysmans, Vice-President-Assistant to President; J. F. Deasy, Vice-President in Charge of Operation; Walter S. Franklin, Vice-President in Charge of Traffic.

ONE HUNDREDTH ANNIVERSARY April 24, 1934, will be the One Hundredth Anniversary of The Long Island Railroad Company. It was incorporated under "An Act to incorporate The Long Island Rail Road Company," passed by the Legislature of the State of New York on April 24, 1834, which Act became Chapter 178 of the Laws of the State of New York. It is one of the oldest railroad transportation companies in the country and from an humble beginning has become an important part of the transportation facilities of the densely populated New York metro politan area, and has been a vital factor in the rapid growth and wide-spread prosperity of Long Island. The Board again extend their appreciation to, and cordially commend, all officers and employes who, by their initiative and continued loyalty, devotion and intelligent discharge of their responsibilities made possible the results attained during another difficult year.

By Order of the Board.

W.W. ATTERBURY, President.

INCOME STATEMENT

FoR THE YEAR ENDED DECEMBER 31, 1933

COMPARISON WITH 1932 1933 INCREASE DECREASE Mileage operated ...... •...... •.•...... 400. 23 .26 OPERATING INCOME: rFreight ...... $5,709,175.33 ...... $985,387.42 17,145,203.43 ...... 2,805,831.44 RAILWAY r~~'-·····Mail...... 155,962.21 ...... ·. 10,698.27 ...... 170,640.24 ...... 43,439.62 OPERATING Express ...... REVENUES All other transportation ...... 421,563.33 ...... 76,272.90 Incidental ...... 409,041.66 ...... 253,644.55 Joint facility-Credit ...... 56,995.67 ...... $23,779.91 Total ...... •...... $24,068,581.87 ...... $4, 151,494.29

of =Y and 'tructu=...... $1,683,284. 72 ...... $390,105.88 raintomnooMaintenance of equipment ...... •. 3,299,329.61 ...... 567,573.81 RAILWAY Traffic ...... 153,892. 72 ...... 7,003.62 OPERATING Transportation ...... 9,606,256.19 ...... 2,117,957.73 EXPENSES Miscellaneous operations ...... 2,347.73 ...... $142.62 General ...... 640,924.51 ...... 29,848.18 Transportation for investment-Credit ...... 47.35 ...... 949.35 Total...... •....•...... 15,385,988.13 ...... $3, 111,397 .25 NET REVENUE FROM RAILWAY OPERATIONS ...... $8,682,593.74 ...... $1,040,097.04 RAILWAY TAX ACCRUALS ...... $2,350, 155.49 ...... $128,955.14 UN COLLECTIBLE RAILWAY REVENUES ...... 8,623.63 ...... $1,055.38 2,358, 779 .12 ...... $127,899.76

RAILWAY OPERATING INCOME ...... •...... $6,323,814.62 ...... $912,197.28 HIRE OF EQUIPMENT-DEBIT BALANCE ...... $454,242.16 ...... $6,412.94 JOINT FACILITY RENTS-DEBIT BALANCE ...... 1,638,914. 76 ...... 90,516.83 2,093,156.92 ...... $96,929.77

NET RAILWAY OPERATING INCOME ...... $4,230,657. 70 ...... $815,267.51 (Miscellaneous rent income ...... $333,959.52 ...... $90,400.10 NON- rncome from funded securities ...... 45,024.28 ...... 5,734.45 OPERATING Income from unfunded securities and accounts ...... 148,429.86 ...... · · "iiis,"5'09".69 · INCOME Miscellaneous ...... 26,205.59 ...... 23,123.29 Total Non-operating Income ...... 553,619.25 ...... $748.15 GROSS INCOME ...... $4, 784,276.95 ...... $816,015.66 rRent for leased roads ...... $60,000.00 Miscellaneous rents ...... 158,149.24 ...... $43,450.49 DEDUCTIONS tax accruals ...... 51,282.05 ...... $5,783.08 GROSS iMiscellaneous FROM Interest on funded debt ...... 2,165,767.50 ...... 82,405.00 INCOME Interest on unfunded debt ...... 61,320.62 ...... 59,370.53 l Miscellaneous income charges ...... 44,499.73 ...... 1,076.16 Total Deductions from Gross Income ...... 2,541,019.14 ...... $59,625.72 NET INCOME ...... •...... $2,243,257.81 ...... $756,389.94

DISPOSITION OF NET INCOME: Income applied to insurance fund ...... $909.17 Dividend appropriations of Income (2%) ...... 1,099,827.00 1,100,736.17

Balance transferred to credit of Profit and Loss ...... $1, 142,521.64

PROFIT AND LOSS STATEMENT Amount to credit of Profit and Loss, December 31, 1932 .•.....•....••...... $16,821,638.02 ADD: Balance of income for the year...... 1,142,521.64 $17,964,159.66 LESS: 21,526.23 Sundry net charges...... ------. Amount to credit of Profit and Loss, December 31, 1933...... $17,942,633.43

GENERAL BALANCE SHEET As SETS DECEMBER 31, 1933

COMPARISON WITH DECEMBER 31, 1932

INCREASE DECREASE INVESTMENTS: Investment in road and equipment: Road ...... $102,219,858.23 $449,321.30 Equipment...... 35,891,257 .00 102,839.40 General expenditures...... 1,391,240.34 3,998.39 $139,502,355.57 $556,159.09 Improvements on leased railway property: Leased lines-road ...... $98,735.42 Leased lines-general expenditures ...... 2,471.54 101,206.96 Deposits in lieu of mortgaged property sold...... 64,370.00 $102,819.33 Miscellaneous physical property ...... 1,095,215.58 $139,490.25 Investments in affiliated companies: Notes ...... $2.00 Advances ...... 55,281.85 $55,277.85 55,283.85 $55,277.85 Other investments: Stocks ...... $601.00 Bonds ...... 457,979.29 $124,637 .50 458,580.29 ...... $124,637.50

CURRENT ASSETS:

Cash ...... $630, 738.32 $300, 733.63 Special deposits ...... 73,409.75 4,435.00 Loans and bills receivable ...... 633.75 121.53 Traffic and car service balances receivable ...... 125,513.97 : : : : : : :: : : : : : : : .... '$28,'7'25".ii. Net balance receivable from agents and conductors. 745,966.70 60,392.52 Miscellaneous accounts receivable ...... 863,608.01 94,756.47 Material and supplies ...... 778,482.02 32,544.14 Interest and dividends receivable ...... 24,097.43 59.66 3,242,449.95 ...... $154,019.86

DEFERRED ASSETS: Working fund advances ...... $2,223.35 $1,253.35 Insurance and casualty reserves ...... 1,866,021.95 $511, 782.52 Other deferred assets ...... 4,628.55 2,404.50 1,872,873.85 ...... $508,124.67

UNADJUSTED DEBITS:

Rents paid in advance ...... $2,162.62 $5,506.85 Other unadjusted debits ...... 602,779.16 604,941.78 $72,959.53 Securities issued or assumed-un- pledged...... $2,000.00 Securities issued or assumed-pledged. 1,038,000.00

TOTAL .•••...... $146,997,277.83 ...... ••• $65,714.64

GENERAL BALANCE SHEET DECEMBER 31, 1933 LIABILITIES

COMPARISON WITH DECEMBER 31, 1932

INCREASE DECREASE

CAPITAL STOCK (INCLUDING $35.50 SCRIP) (PAR VALUE $50. PER SHARE) ...... $54,991,385.50 LONG TERM DEBT: FUNDED DEBT OF THE LONG ISLAND R. R. Co.: Debenture 5% bonds, due June 1, 1934 ...... $1,500,000.00 Less held as collateral under unified mortgage... 365,000.00 $1,135,000.00 General mortgage 4% bonds, due June 1, 1938 ...... 3,000,000.00 Unified mortgage 4% bonds, due March 1, 1949 ...... 3,140,000.00 $3,000.00 Refunding mortgage 4% bonds, due March 1, 1949 ...... 26, 796,000.00 $3,000.00 20 year 5% debenture bonds, due May 1, 1937 .... $5,202,100.00 Less held by L. I. R. R. Co...... 2,000.00 5,200, 100.00 39,271,100.00 FUNDED DEBT OF COMPANIES WHOSE PROPERTIES HAVE BEEN ACQUIRED BY THE LONG IsLAND R.R. Co. SUBJECT THERETO: Brooklyn & Montauk R. R. Co.: Second mortgage 5% bonds, due June 1, 1938 ...... $600,000.00 Long Island City & Flushing R. R. Co.: Consolidated mortgage 5% bonds, due May 1, 1937 ...... 650,000.00 Montauk Extension R. R. Co.: First mortgage 5% bonds, due January 1, 1945.. $600,000.00 Less held as collateral under unified mortgage. 285,000.00 315,000.00 New York Bay Extension R.R. Co.: First mortgage 5% bonds, due January 1, 1943.. $200,000.00 Less held as collateral under unified mortgage. 100,000.00 100,000.00 New York, Brooklyn & Manhattan Beach Ry. Co.: First consolidated mortgage 5 % bonds, due October 1, 1935 ...... $1,726,000.00 Less held as collateral under unified mortgage. 125,000.00 1,601,000.00 3,266,000.00 Equipment trust obligations ...... 5, 717 ,000.00 732,000.00 Pennsylvania Railroad Company due it for advances ...... 500,000.00 2,000,000.00 Advances from State of New York-Grade crossing eliminations ...... 2,289,324.34 647,716.82

CURRENT LIABILITIES: Traffic and car service balances payable ...... $1,061,480.00 ...... 39,731.41 Audited accounts and wages payable ...... 702,815.21 ...... 69,688.66 Miscellaneous accounts payable ...... 2,753,109.40 ...... 532,041.52 Interest matured unpaid ...... 25,231.03 ...... 4,435.00 Funded debt matured unpaid...... $164,735.80 Less held as collateral under unified mortgage... . . 163,000.00 1, 735.80 ...... 10,000.00 Unmatured interest accrued ...... 597,150.41 ...... 53,685.00 Unmatured rents accrued ...... 8,099.66 ...... 631.09 5,149,621.51 $462,502.54 DEFERRED LIABILITIES: Other deferred liabilities ...... 50,159.52 $31,334.04

UNADJUSTED CREDITS: Tax liability ...... $641,915.72 99,686.62 Insilrance and casualty reserves ...... 1,354,234.45 ...... 511, 782.52 Accrued depreciation-road ...... 2,579,660.55 $83,051.70 Accrued dei;>reciation-equipment ...... 10,750,519.87 955, 759.26 Other unad1usted credits ...... 1,378,045.59 34,596.81 16, 704,376.18 $461,938.63 CORPORATE SURPLUS: Additions to property through income and surplus ...... 1,115,677.35 $4,466.00 PROFIT AND Loss ..•...... •...•...... 17,942,633.43 1,120,995.41 TOTAL ...... $146,997,277.83 $65,714.64

F. J. FELL, JR., Vice-President and Comptroller.

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Passenger Passenger Passenger Passenger Locomotives Locomotives

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1940 1940

1945 1945

1941. 1941.

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1939 1939

1938 1938

1942 1942

1, 1,

FINAL FINAL

DATE DATE

1, 1,

MATURITY MATURITY

Railroad Railroad

May May

March March

April April

August August

June June

January January

......

I I

Island Island

Long Long

73,000.00 73,000.00

87,000.00 87,000.00

82,000.00 82,000.00

125,000.00 125,000.00

251,000.00 251,000.00

$114,000.00 $114,000.00

$732,000.00 $732,000.00

PAYABLE PAYABLE

PRINCIPAL PRINCIPAL

the the

ANNUALLY ANNUALLY

to to

leased leased

1933 1933

is is

31, 31,

750,000.00 750,000.00

717,000.00 717,000.00

656,000.00 656,000.00

438,000.00 438,000.00

TRUSTS TRUSTS

$570,000.00 $570,000.00

2,259,000.00 2,259,000.00

1,044,000.00 1,044,000.00

AMOUNT AMOUNT

"J," "J,"

$5, $5,

OUTSTANDING OUTSTANDING

DEC. DEC.

to to

"E" "E"

Series Series

710,000.00 710,000.00

ISSUED ISSUED

EQUIPMENT EQUIPMENT

1,095,000.00 1,095,000.00

1,230,000.00 1,230,000.00

1,875,000.00 1,875,000.00

1,305,000.00 1,305,000.00

3,765,000.00 3,765,000.00

AMOUNT AMOUNT

$1, $1,

ORIGINALLY ORIGINALLY

$10,980,000.00 $10,980,000.00

Trusts, Trusts,

.00 .00

COST COST

707 707

766.00 766.00

OF OF

718,379.00 718,379.00

751,670.00 751,670.00

Equipment Equipment

1,374,135.00 1,374,135.00

1, 1,

2,317,951.00 2,317,951.00

1, 1,

5,021, 5,021,

$2,150,924.00 $2,150,924.00

EQUIPMENT EQUIPMENT

$14,334, $14,334,

ORIGINAL ORIGINAL

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Series Series

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. . Long Long [r933] Fifty-second Annual Report, The Long Island Railroad Company 9

THE INSURANCE FUND

FOR THE YEAR ENDED DECEMBER 31, 1933

COMPARISON WITH 1932 INC. OR DEC.

Cash on hand, December 31, 1932...... $1,902.51

RECEIPTS Contributions to fund for insurance...... 3,984.99 ...... •..... D. $143.74 From interest on securities...... 909.17 ...... D. 10.83 $6,796.67

DISBURSEMENTS For payment on account of fire and marine losses...... 1,488.18 D. $1,935.21 Cash on hand, December 31, 1933...... $5,308.49

ASSETS LIABILITIES COMPARISON COMPARISON WITH WITH DEC. 31, 1932 DEC. 31, 1932 DEC. 31, 1933 INC. OR DEC. DEC. 31, 1933 INC, OR DEC. Securities owned ...... $20,881.25 Estimated unsettled losses: Cash on hand, December 31, 1933 5,308.49 I. $3,405.98 Fire ...... $739.00 I. $295.62 Marine ...... 748.00 D. 1,335.02 Balance ...... 24,702.74 I. 4,445.38 ------$26,189.74 I. $3,405.98 $26,189.74 !. $3,405.98

SECURITIES OWNED BY THE INSURANCE FUND PAR VALUE

Allegheny Valley Ry. Co. general mortgage 4% bonds ...... $5,000.00 Illinois Central R. R. Co. and Chicago, St. Louis & New Orleans R.R. Co. joint first refunding mortgage 5% bonds, Series "A" ...· ...... 3,000.00 Long Island R.R. Co. 20-year 5% debenture bonds ...... 1,000.00 Long Island R.R. Co. refunding mortgage 4% bonds ...... 12,000.00 Montauk Extension R.R. Co. first mortgage 5% bonds ..... -...... 1,000.00 Total par value ...... •...... $22,000.00

J. R. PETERS, Asst. to Manager, Insurance Department The securities named above are in my possession: F. J. FELL, JR., GEO. H. PABST, JR., Vice-President and Comptroller Treasurer

PHILADELPHIA, PA., January 11, 1934 We report we have examined the securities held by the Insurance Fund, The Long Island Railroad Company, as at December 31, 1933, recited in the foregoing statement, and have found them recorded on the books of account. LYBRAND, Ross BROS. & MONTGOMERY, Accountants and Auditors

Downloaded from http://PRR.Railfan.net - Collection of Rob Schoenberg - ©2019 - Commercial reproduction or distribution prohibited 10 Fifty-second Annual Report, The Long Island Railroad Company [1933]

THE VOLUNTARY RELIEF DEPARTMENT YEAR ENDED DECEMBER 31, 1933

COMPARISON WITH 1932

RECEIPTS INCREASE DECREASE Contributions by members ...... $158,123.60 ············ ...... $3,779.91 Interest ...... : 17,969.67 ...... $885.08 Operating expenses ...... 23,638.16 ...... 194.48

Total...... •..•.....•.•...... · $199, 731.43 ...... $3,089.31

DISBURSEMENTS Death benefits, accident ...... $2,300.00 ...... $2,200.00 Death benefits, sickness ...... 66,745.54 ...... $9,195.54 Disablement benefits, accident ...... 3,998.53 ...... 348.34 Disablement benefits, sickness ...... 56,969.11 ...... 18,540.39 Operating expenses ...... 23,638.16 ...... 194.48

Total...... •.••...... •.•.•...... 153,651.34 ...... $12,087.67

Excess receipts over disbursements ...... $46,080.09 $8,998.36

COMPARISON WITH DECEMBER 31, 1932 ASSETS p AR SECURITIES INCREASE DECREASE $10,000. Boston & Maine R. R. Co., first mortgage 4;y,;3 bonds. 61,000. Long Island R.R. Co., 20-year 5% debenture bonds. 10,000. Pennsylvania R.R. Co., 40-year 5% bonds. 4,000. Pittsburgh, Cincinnati, Chicago & St. Louis R. R. Co., general mortgage 5% bonds, series "A. " 10,000. Pittsburgh, Cincinnati, Chicago & St. Louis R. R. Co., general mor tgage 5% bonds, series "B." 25,000. United States of America, fourth Liberty Loan, 47-(% bonds. $120,000.

Cost of above securities...... $111,364.89 Cash on deposit ...... 321,768.97 ...... $46,080.09 ----- Total. ••.•..•...•...... $433,133.86 $46,080.09

LIABILITIES Disablement benefit orders outstanding ...... $2,051.21 ...... $359.14 Death benefits accrued and unpaid ...... 1,704.46 ...... $4,645.54 Unexpended balance ...... 429,378.19 ...... 50,366.49 ---- Total. .•...... $433,133.86 $46,080.09 MEMBERSHIP Total December 31, 1933 ..••...... 6,461 Total December 31, 1932 ...... •••..•...... 7,336 Decrease...... 875 E. B. HUNT, Superintendent The cash and securities named above are all in my possession: F. J. FELL, JR., GEO. H. PABST, JR., Vice-President and Comptroller Treasurer PHILADELPHIA, PA., JANUARY 11, 1934 Audited and found correct: We report we have examined the securities held by the w. J. NIEMYER, Voluntary Relief Department, The Long Island Railroad W. E. ANDREWS, } Representatives of Company, as at December 31, 1933, recited in the foregoing A. T. BRUBACH, Employes statement, and have found them recorded on the books of account. LYBRAND, Ross BROS. & MONTGOMERY, Accountants and Auditors

OPERATING REVENUES

YEAR ENDED DECEMBER 31, 1933

COMPARISON WITH 1932 ACCOUNTS 1933 INCREASE DECREASE

FREIGHT •••••••••••••••••••...•••••.•.•••••••.•••••••.•••.•.••.•.•. $5,709,175 $985,388 PASSENGER ••••••••••••••••..••••••••.•••••.••.••••••••...•••.•••... 17,145,203 2,805,832 MAIL .••••••••••••••••••.....••••••.••••••..•••••••.•••.•...•.•..•. 155,962 10,698 EXPRESS ..•••••••.•••••.•••..••..••••.•••••••..•••...... •.••••..•. 170,640 43,440

ALL OTHER TRANSPORTATION

Excess baggage ..•...... 1,780 600 Other passenger-train...... 137,089 16,949 -Milk ...... 184,957 34,102 Switching ...... 9,301 8,375 Special service train ...... 88,049 15,673 Other freight train ...... 387 574

INCIDENTAL

Dining and buffet ...... •...... 1,521 $131 Station, train and boat privileges ...... 182,094 ...... 190,276 Parcel room ...... •...... 6,097 ...... 2,278 Storage-Freight ...... 4,881 ...... 3,841 Storage-Baggage ...... 345 ...... 468 Demurrage ...... 60,948 ...... 16,883 Telegraph and telephone ...... 6,580 ...... 237 Power ...... 5,096 479 Rents of buildings and other property ...... 106,624 ...... 29,505 Miscellaneous ...•...... 34,857 ...... 10,765

JOINT FACILITY

Joint Facility-Credit., ...... 56,996 23,780

Total...... $24,068,582 $4,151,494

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OPERATING EXPENSES

YEAR ENDED DECEMBER 31 1 1933

COMPARISON WITH 1932 ACCOUNTS 1933 INCREASE DECREASE

MAINTENANCE OF ViJAY AND STRUCTURES Superintendence ...••.....•...... •..•...•...... $145,003 ...... $23,659 Roadway maintenance ...... 64,655 . ·········· .... 45,596 Tunnels and subways ...... •...... •...... 2,882 $438 Bridges, trestles and culverts .....•...... 58,386 ...... 20,976 Ties .•...... •..•...... •...... 60,582 ...... 62,652 Rails ....•.•....•...... ··················· 38,128 ...... 18,495 Other track material. ..•....•.•...... 49,088 ...... 32,599 Ballast ...... 22,958 ...... 3,865 Track laying and surfacing ...... 271,891 ...... 84,837 Right-of-way fences ...... 3,136 ...... 623 Snow and sand fences and snowsheds ...... 100 ...... 36 Crossings and signs ...... 58,115 ...... 68,632 Station and office buildings ...... , ...... 77,874 7,933 Roadway buildings ...... 19,162 17,809 Vilater stations ...... •...... 10,770 ...... 6,166 Fuel stations ...•...... •..•...... 6,132 ...... 164 Shops and enginehouses ...... 19,688 ...... 8,052 Vilharves and docks ...... 36,149 ...... 6,645 Telegraph and telephone lines ...... 48,394 7,542 Signals and interlockers ...... 175,144 ...... 172,051 Power plant buildings ...... 200 209 Power sub-station buildings ...... 4,797 ...... 9,324 Power sub-station buildings-Depreciation.....••...... 8,400 Power transmission systems ...... 28,794 6,765 Power transmission systems-Depreciation...... 43,000 Power distribution systems ...... •...... 185,932 ...... 25,490 Power distribution systems-Depreciation ...... 20,000 Power line poles and fixtures ...... 34,163 ...... 5,996 Power line poles and fixtures-Depreciation ...... 36,000 Underground conduits .....•...... •...•...... 4,097 ...... 7,401 Miscellaneous structures ..•••...••..•..•..•.•...... 192 ...... 285 Roadway machines .•..•...... •...... 1,729 ...... 3,339 Small tools and supplies ...... •...... 12,042 ...... 7,132 Removing snow, ice and sand ...... 28,050 11,620 Assessments for public improvements ...... 85 ...... 222 Injuries to persons .•..••••...... Cr. I6,29I ...... 52,777 Insurance .•.....•...... •...... •... 17,972 ...... 1,133 Stationery and printing ...... 1,822 . ··········· ... 551 Other expenses .....•..•...... 44 ...... 11 Maintaining joint tracks, yards and other facilities-Dr ...... 202,468 206,245 Maintaining joint tracks, yards and other facilities-Cr...... 98,448 .... ······· .... 20,042

Total. ••••.••...... •••.•.....•...... ••.....••...•... $1,683,285 ...... $390,106

OPERATING EXPENSES-Continued

COMPARISON WITH 193l ACCOUNTS 1933 INCREASE DECREASE

MAINTENANCE OF EQUIPMENT Superintendence ...... $119,359 .... ··········· $23,788 Shop machinery ...... ~ ..... '...... •. 14,031 $9,868 Shop machinery-Depreciation ...•...... ·...... 8,000 Power plant machinery ...... •...... 4,913 5,517 Power sub-station apparatus .. -...... 30,128 15,600 Power sub-station apparatus-Depreciation ...... 10,000 Steam locomotives-Repairs ...... 581,498 .. ·········· ... 145,695 Steam locomotives-Depreciation ...... 100,243 1,066 Steam locomotives-Retirements ...... 4,540 ...... ······· 24,045 Other locomotives-Repairs •...... 172,236 17,597 Other locomotives-Depreciation ...... 58,480 3,454 Freight train cars-Repairs ...... 82,427 ...... 22,707 Freight train cars-Depreciation ...... 52,897 ...... ····· ... 487 Freight train cars-Retirements ...... 915 ...... 176 Passenger train cars-Repairs ...... 840,854 ...... 240,209 Passenger train cars-Depreciation ...... 435,932 226 Passenger train cars-Retirements ...... 5,058 1,304 Motor equipment of cars-Repairs ...... 391,005 ...... 94,930 Motor equipment of cars-Depreciation...... 237,539 . ············ .. 27 Motor equipment of cars-Retirements ...... Cr. 2,746 ...... 2,746 Floating equipment-Repairs ...... 68,653 7,665 Floating equipment-Depreciation ...... 35,029 Floating equipment-Retirements ...... 822 Work equipment-Repairs ...... 18,629 ...... 9,140 Work equipment-Depreciation ...... 13,643 ...... ······· 802 Work equipment-Retirements ...... 6,425 ...... 2,360 Miscellaneous equipment-Repairs ...... 11,629 7,313 Miscellaneous equipment-Depreciation ...... 7,311 3,865 Miscellaneous equipment-Retirements ...... ••...... 381 ...... 914 Injuries to persons ...... Cr. 19,731 .. ·········· ... 53,076 Insurance-...... 58,871 ...... 12,929 Stationery and printing ...... 3,218 213 Other expenses ...... •...... 89 ... ····· ······· 26 Maintaining joint equipment-Dr...•...... 17,944 ...... 5,554 Maintaining joint equipment-Cr...... 70,071 829

Total. ....•..••...... $3,299,329 . ·············· $567,574

TRAFFIC Superintendence ••...... •••...... ••...... $82,846 ...... $8,880 Outside agencies ...... 17,350 . ·············· 3,238 Advertising ...... •.....•• .- ...... 44,025 $12,896 Traffic associations ...... 2,651 ...... 158 Industrial and immigration bureaus ...... ··········· ... 2,263 Insurance ...... ••...... 2 Stationery and printing ...... •...•.•...•...... 6,971 ...... 5,408 Other expenses .•....•...... 50 50

Total ...... •••...... •.•...... ••.•..•...•.....•.•... $153,893 ...... $7,003

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OPERATING EXPENSES-Continued

COMPARISON WITH 1932 ACCOUNTS 1933 INCREASE DECREASE

TRANSPORTATION Superintendence ...... $176,240 ...... $38,897 Dispatching trains ...... 58,626 ...... 10,307 Station employes ...... 771,286 ...... 133,285 Weighing, inspection and demurrage bureaus ...... 12,698 $3,433 Station supplies and expenses ...... 84,952 ...... 23,269 Yardmasters and yard clerks ...... 168,283 ...... 25,115 Yard conductors and brakemen ...... 333,879 ...... 40,773 Yard switch and signal tenders ...... 62,844 ...... 9,885 Yard enginemen ...... 165,299 ...... 14,148 Yard motormen ...... 122, 788 ...... 24,521 Fuel for yard locomotives ...... 137, 747 8,269 Yard switching power produced ...... 646 ...... 333 Yard switching power purchased ...... 57,228 3,671 Water for yard locomotives ...... 7,617 ...... 1,788 Lubricants for yard locomotives ...... 3,205 7 Other supplies for yard locomotives ...... 2,307 ...... 286 Enginehouse expenses-Yard ...... 40,344 ...... 116 Yard supplies and expenses ...... 17,672 ...... 5,301 Train enginemen ...... 401,795 ...... 39,509 Train motormen ...... 357,316 ...... 24,821 Fuel for train locomotives ...... 484,298 ...... 92,399 Train power produced ...... 174,508 ...... 33,708 Train power purchased ...... 1,943,981 ...... 148,984 Water for train locomotives...... 26,749 ...... 15,640 Lubricants for train locomotives ...... 9,482 ...... 149 Other supplies for train locomotives ...... 7,336 ...... 1,911 Enginehouse expenses-Train ...... 175,935 ...... 27,510 Trainmen ...... 1,935,279 ...... 232,307 Train supplies and expenses ...... 475,482 ...... 89,649 Signal and interlocker operation ...... 307,837 ...... 18,492 Crossing protection ...... 730,528 ...... 65,136 Drawbridge operation ...... 25,774 ...... 6,475 Telegraph and telephone operation ...... 14,490 ...... 1,340 Operating floating equipment ...... 216,255 ...... 55,184 Stationery and printing ..•...... 87,132 1,355 Other expenses ..••..••...... 14,545 ...... 53,901 Insurance ...... ••...... 10,732 ...... 629 Clearing wrecks ...... 6,897 ...... 3,699 Damage to property ...... 31,248 7,454 Damage to live stock on right of way ...... 459 ...... 66 Loss and damage-Freight ...... Cr. J4,II4 ...... 85,827 Loss and damage-Baggage ...... 2,029 ...... 1,070 Injuries to persons ....•...... Cr. 228,z84 ...... 816,816

Carried forward ..•...... $9,401,450 ...... $2,119,057

OPERATING EXPENSES-Concluded

COMPARISON WITH 1932 ACCOUNTS 1933 INCREASE DECREASE

TRANSPORTATION-Continued Brought forward ....•...... •...... •.•...... •...... $9,401,450 ...... $2,119,057 Operating joint yards and terminals-Dr...... 363,676 ...... 79,592 Operating joint yards and terminals-Cr ...... I28,I2I ...... 67,z94 Operating joint tracks and facilities-Dr ...... 18,431 $381 Operating joint tracks and facilities-Cr ...... 49,180 ...... IJ,II6

Total ...... $9,606,256 ...... $2,117,958

MISCELLANEOUS OPERATIONS Dining and buffet service ...... $2,348 $143

Total ...... $2,348 $143

GENERAL Salaries and expenses of general officers ...... $37,496 ...... $1,805 Salaries and expenses of clerks and attendants ...... 232,566 ··········· .... 2,087 General office supplies and expenses ...... 31,440 $119 Law expenses ...... 87,992 ...... 19,924 Insurance ...•.•.•.•••••...... 1,358 193 Relief department expenses ....•...... •...... 23,247 ...... 406 Pensions ..•.•••...... •....••...... 180,089 1,021 Stationery and printing ...... 4,380 ...... 36 Valuation expenses ...•...... 6,028 ...... 3,807 Other expenses ...... •...... 20,441 ...... ····· ... 2,795 General joint facilities-Dr ...... 16,762 ...... 1,899 General joint facilities-Cr ...... 875 ...... I,S78

Total ...... •.••.•...•...... $640,924 ...... $29,848

RECAPITULATION Maintenance of way and structures ...... •....•. $1,683,285 ...... $390,106 Maintenance of equipment ...... 3,299,329 ...... 567,574 Traffic ..•....•...... 153,893 ...... 7,003 Transportation ...... 9,606,256 ...... 2,117,958 Miscellaneous operations ...... 2,348 $143 General...... •••••...... •...... 640,924 ...... 29,848 Transportation for investment-Cr•...... 47 ...... 949

Total .••...... ••...... •...... $15,385,988 ...... $3,111,397

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RETURN ON THE INVESTMENT IN ROAD AND EQUIPMENT (AS CARRIED ON BOOKS)

NET RAILWAY OPERATING YEAR ENDED DECEMBER 31 INVESTMENT IN ROAD NET RAILWAY INCOME PER CENT. OF AND EQUIPMENT OPERATING INCOME INVESTMENT IN ROAD AND EQUIPMENT

1921 ••••••••••••••••••••••••••••••••.•.••••••.••. $92,908,035 $3,311,214 3.56 1922 •.•.••..•.•...•...... ••.....•....•...... •. 93,016,559 4,967,454 5.34 1923 ••••••...•.•••••...•.•.••••..•.•.••..•...•... 98,947,856 4,852,116 . 4.90 1924 ••••.•••••.••...•.••...•....•••.....•...••... 106,604,871 5,169,039 4.85 1925 •••.••••••••••.. ; .....•••..•.•....•..•••.•.•. 111,435,753 5,096,675 4.57 1926 ••.•••.••...... •.••...... 115,587,499 5,832,230 5.05 1927 •...•...... •...... 129,689,447 6,162,578 4.75 1928 ••.•.•.•.••.....••••••..•.•...••.••.•...... 131,747,689 7,542,459 5.72 1929 ...... 131,394,852 8,707,943 6.63 1930...... •...... •...... 136,691,234 7,995,446 5.85 1931...... 139,141,513 7,217, 785 5.19 1932 .•....•...... 139,047,403 5,045,925 3.63 1933 ...... 139,603,563 4,230,658 3.03

Investment in Road and Equipment above stated does not include material and supplies or working capital.

FREIGHT TRAFFIC STATISTICS (RAIL)

YEAR ENDED DECEMBER 31, 1933

COMPARISON WITH 1932 1933 INCREASE DECREASE

Mileage operated (freight service) ...... 396.15 Freight revenue ...... •.•....•...... •.... $5,709,175 ...... ······· $985,388 Per cent. of total operating revenues ...... 23.7 Number of tons carried (revenue freight) ...... 4,499,684 ...... 543,533 Number of tons carried one mile (revenue freight) ...... 96,622,478 ...... 16,988,952 Revenue freight train mileage ...... 357,941 ...... 53,570 Average miles each ton was carried (revenue freight) ...... 21.5 ...... 1.0 Average number of tons in loaded car (revenue freight) ...... 27.0 0.1 Average train load-tons (revenue freight) ...... 278.2 ··············· 7.6 Average number of loaded cars in train ...... 10.3 .... ··········· 0.3 Average number of empty cars in train ...... 9.2 ...... 0.3 Average revenue per ton •...... •.. $1.27 ...... $0.06 Average revenue per ton per mile (cents) ...... 5.909 0.016 Average revenue per freight train mile .•...... $16.47 ...... $0.42

AVERAGES-PER MILE OF ROAD

Number of tons carried (revenue freight) ...... ~ ...... 11,359 1,372 Number of tons carried one mile (revenue freight) ...... 243,904 42,885 Revenue freight train mileage ...... ••...... •.... 904 135 Freight revenue ...••••.••...... •.••..••....•••••••...... $14,412 $2,487

OPERATING RATIO

COMPARISON WITH 1932 1933 INCREASE DECREASE

Percentage of Total Operating Expenses to Total Operating Revenues:

Maintenance of way and structures ...... 7.0 ...... 0.3 Maintenance of equipment ...... 13.7 Traffic ...... : ...... 0.6 Transportation ...... 39.9 ...... 1.6 General ...... 2.7 0.3

Total operating expenses ...... 63.9 ...... 1.6

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PASSENGER TRAFFIC STATISTICS (RAIL)

YEAR ENDED DECEMBER 31, 1933

COMPARISON WITH 1932 1933 INCREASE DECREASE

Mileage operated (passenger service) .•...... 363.56 .26 Passenger revenue ...•...... •...... $17,145,203 ...... $2,805,832 Passenger train revenue .•....•...•...... •....••...... $17,795,632 ...... $2,911,620 Passenger revenue per cent. of total operating revenues ...... 71.2 0.5 Passenger train revenue per cent. of total operating revenues ...... 73.9 0.5 Number of passengers .carried ...... 79,947,258 ... ·········· ... 11,766,610 Number of passengers carried one mile ...... 1,304,203,606 ...... 184,399,47 5 Revenue passenger train mileage ...... •...... 6,419,724 ...... 587,618 Average miles each passenger was carried ...... ; ...... 16.3 0.1 Average number passengers per car mile ...... 33.6 ··············· 0.1 Average revenue per passenger (cents) ...•...... 21.4 ...... 0.4 Average revenue per passenger per mile (cents) ...... 1.315 ...... O.D25

AVERAGES--PER MILE OF ROAD

Number of passengers carried ...... 219,901 32,546 Number of passengers carried one mile ...... 3,587,313 510,136 Revenue passenger train mileage .....•...... •..... 17,658 1,630 Passenger revenue ...... ••.....••...... ~47,159 $7,757 Passenger train revenue ...... $48,948 $8,050

AVERAGES--PER TRAIN MILE

Average number of passenger miles ...•...... 203 9 Average number of passenger train cars ..•...... •...... 6.3 0.2 Passenger revenue ...... •...... $2.67 $0.18 Passenger train revenue •.•.•.•...... $2.77 $0.19

TOTAL REVENUES AND EXPENSES PER MILE OF ROAD

Comparison with 1932 1933 INCREASE DECREASE

Operating revenues...... $60,137 ...... $10,418 Operating expenses .. _...... •...... ____3_8:....,4_4_3 1 ...... 1------7,804 Net operating revenue...... $21,694 ,...... $2,614

CLASSIFICATION OF FREIGHT TRAFFIC

YEAR ENDED DECEMBER 31, 1933

1933 COMPARISON WITH 1932 COMMODITY PER CENT TONS OF TOTAL INCREASE DECREASE

Wheat...... 2,290 0.05 342 Corn...... 1,353 0.03 8,914 Oats...... 12,808 0.28 7,556 Barley and rye...... • . . . • . • . • ...... • . . . • 1,080 0.02 ... i27 Rice...... 60 44 Grain, N. 0. S... .•• • • • . • . • ...... • . • ...... • ...... 512 0.01 39 Flour, wheat...... • . • • . . • . • • . . . • ...... • ...... • . 84,046 1.87 17,417 Meal, corn...... • . . • . . • • • . . • . • ...... • . • . • • 2,244 0.05 7,382 Flour and meal, edible, N. 0. S...... 1,290 0.03 521 Cereal food pre~arations, edible, N. O. S...... 8,397 0.19 · ·1.si.3 Mill products, N. 0. S...... 38,097 0.85 14,411 Hay and alfalfa...... 59,450 1.32 10,491 Straw...... 8,249 0.18 1,865 Cotton in bales...... 101 .... 57 Cotton !inters, noils, and regins.. .. . • . • . . • . • • . . • . • . • . . • . • . . . . . • . . 452 0.01 8 Cottonseed meal and cake. . . . . • . . . • . • . . • ...... • . • . • ...... 31 Oranges and grapefruit...... • ...... • ...... • . • ...... 6,081 0.14 141 PRODUCTS OF Lemons, limes and citrus fruits, N. 0. S...... • ...... 33 33 AGRICULTURE Apples, fresh...... 4,987 0.11 5,771 Bananas...... • . • . • . • ...... 1,658 0.04 697 Cantaloupes and melons, N. 0. S...... • . • . . • ...... 503 0.01 408 Grapes, fresh...... • . . . . . • • • . • ...... 13,194 0.29 16,819 Peaches, fresh •.....•.•... , ...... , . • . . . . . • • • . • ...... 952 0.02 46 Watermelons...... 3,837 0.09 393 Fruits, fresh, domestic, N. O. S...... • . • . . 255 0.01 254 Potatoes, other than sweet...... 140,667 3.13 . 3",676 Cabbage...... 7,071 0.16 2,406 Onions ..•.•.•.•.••.• ,...... 6,338 0.14 • "1",042 Tomatoes .•••....•.•... ,...... 469 0.01 661 Vegetables, fresh, N. O. S...... 8,941 0.20 538 Beans and peas, dried .....• , ••• ,., .• ,. . • ...... 913 0.02 285 Fruits, driea or evaporated...... • ...... 109 6 Vegetables, dry, N. 0. S...... 1,558 0.03 107 Vegetable-oil cake and meal, except cottonseed...... 548 0.01 455 Peanuts...... 9 ..•• 9 Products of agriculture, N. 0. S...... • • . • . . . . • . • . . . . • . . . . . 36,457 0.81 10,758 1~~~~~>-~~~~·1-~~~~-1-~~~~ Total...... • . • . • • . • • . • . • . 455,009 10.11 79,335

Horses, mules, ponies, and asses...... • . • . • . • . . . 499 0.01 ...... 337 Cattle and calves, single-deck...... 35,155 0.78 2,094 Calves, double-deck...... • . • . . . . . • . • ...... • . . 634 0.01 131 Sheep and goats, single-deck...... 191 735 Sheep and goats, double-deck...... 9,758 0.22 197 Hogs, single-deck...... • . • • . • . . . . • . • . • . . . . . • . . • • . • . • . • . . . • . . . . 12 3 Hogs, double-deck.. . . . • . . • . . • . . . . • . • ...... • • . • . . • . • . . . . • . . . . . 35 . . . . • . . . . . 103 Fresh meats, N. 0. S...... 87,707 1.95 1,794 Meats, cured, dried, or smoked...... 9,665 0.22 71 Butterine and margarine...... 33 . . . . 33 ANIMAIS AND Packing-house products, edible, N. 0. S., not including canned meats.. 2,596 0.06 1,227 PRODUCTS ~~~i&: ~~~a.::::::::::::::::::::::::::::::::::::::::::::::: 12,!66 0.28 . "i",23i 27 Eggs...... 12,991 0.29 ...... 1,672 Butter...... • • . • . • . . • . • • . • • • • • • • . • . . • . • • . . • • • • . • . • . . • . . . • . . . 12, 77 5 0.28 836 Cheese...... 1,101 0.02 51 Wool. ••...•.•••.••.••••••••.•••.•.•.•••••.•••••••.•..•.•••. ;. 194 . . . . 146 Hides, green...... • . . • . • • • . • . • . . • • • . . . . • • . . • . • • • • . • . • • • • • . • • . 892 0.02 350 Leather...... • • . • • • . • . . • • • . • . • . . • • . . • . • • • • . . . • . • • • . . • . 301 0.01 186 Fish or sea-animal oil...... 31 29 l*~i=i"p!d:~ls;~:J:s: (~th~~th;.;;ffil.tiif~sa;,_d·f;,rtii~;,;.;.ie"rials). 8,m 8:~~ 118 2,425 1~~~~~1-~~~~·1-~~~~-1-~~~~ Total...... 195,891 4.35 914

Anthracite coal ••••.••••••••.••.••..•.•.•.•.••••••••••••••••••• 1,868,580 41.53 210,186 Bituminous coal .•••••••••.•.••••••...•...•.•••.•••.••••••••••• 304,295 6.76 619 Coke ...... 40,067 0.89 5,159 Copper ore and concentrates .....•.....•.•...•.•.•.•••..•••.•••• 1,657 0.04 . "1,256 Ores and concentrates, N. 0. S ...... •.....•••.•....•..•. ; 85 25 Gravel and sand (other than glass or molding) ...... •...... •. 2,980 0.07 387 PRODUCTS OF Stone, broken, ground, or crushed ...... •.•...•...... •• 11,412 0.25 5,520 MINES Stone, rough, N. 0. S ....•...•.•.•...•...... ••...... ••• 10,136 0.23 9,672 Stone, finished, N. 0. S ..•• , ..••.•.....••.•..•...... •...... 6,018 0.13 7,610 Petroleum, crude .....•...•.•.•••.•...•.....••.•••••••...•..•.. 21 Asphalt (natural, by-product, or petroleum) ...•...•••••.••.••..... 4o.253 0.89 Salt .•.•...... •.•. ···.······································• 10,208 0.23 1,763 Sulphur (brimstone) .••.•.•....•.•••...•.•.•.•••.•.•.•.•..•.••.• 50 29 Products of mines, N. 0. S .•...•...•.•.•••.•.•.•.•••.•••.•.•.•.. 12,969 0.29 540 Total .•••••••••••••••••••••••••••••••••••••••••••••• 2,308,710 51.31 239,680

Per cent. of total not shown for items less than .01 of one per cent. N. 0. S. indicates not otherwise specified.

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CLASSIFICATION OF FREIGHT TRAFFIC

YEAR ENDED DECEMBER 31, 1933

1933 COMPARISON WITH 1932 COMMODITY PER CENT. TONS OF TOTAL INCREASE DECREASE

Logs, ...... •...... •...... ,...... 80 41 Posts, poles, and piling ...... , .. ,...... 7,891 0.18 ...... 1,120 Wood (fuel) ...... , ...... , ...... , ...... 980 0.02 548 !Ties, railroad ...... , ..... ,., ... ,, ...... ,.... 391 0.01 712 PRODUCTS OF Pulp wood ...... •.••...... , . , .... , ..... , • ...... 125 1 FORESTS Lumber, shingles, and lath ...... ,...... 100,179 2.23 35,134 Box, crate, ancl cooperage materials ... ,.,., ....• , ...... 9,831 0.22 \ Veneer and built-up wood ...... , ...... ,...... 583 0.01 1,794 Rosin ..• , .•... , .. ,., ...... , ...... , ...... ,.,., .. ,. 17 80 Products of forests, N. 0. S ...... , ... ,, ... ,...... 43,673 0.97 1-~~~~-1~~~~~-1-~~~~~-1-~~~~~ Total...... 163,750 3.64 32,285

'Petroleum oils, refined, and all other gasolines ....•...... , 53,141 1.18 14,912 Fuel, road, and petroleum residual oils, N. 0. S ... , ...... , , 68,386 1.52 1,385 Lubricating oils and greases.,., .... , ..... , ...... ,, 22,288 0.50 1,403 Petroleum products, N. 0. S ...... , ...... ,...... 2,650 0.06 618 Cottonseed oil...... •...... , ..... , ...... , 12,992 0.29 1,038 Linseed oil. .... , ...... , .. , ...... , . , ...... , ..... , . , , , . . . . . 226 0.01 339 Vegetable oils, N. 0. S ...... ,.,... 7,056 0.16 . '1',289 Sugar (beet or cane) .. , ...... , . , ... , . , ...... 1,502 0.03 858 Table sirups and edible molasses ...... , ...... ,.,...... 405 0.01 413 Molasses, blackstrap and beet residual...... 431 0.01 286 Iron, pig ...... ,., ..... , ...... ,...... 675 0.02 318 Iron and steel, rated 6th class in official classification, N. 0. S...... 134 75 Rails, fastenings, frogs, and switches ...... • ~·...... 416 0.01 37 Cast-iron pipe and fittings .. , .. , ..... , .. , ...... , .... , ...... 7 ,32 7 0.16 6,758 Iron and steel pipe and fittings, N. 0. S ...... , ... , ... , .... ,.... 19,972 0.44 2,402 Iron and steel: Nails and wire, not woven ...... ,...... 13,956 0.31 . 'i',845 Iron and steel, rated 5th class in official classification, N. 0. S. (also tin and teme plate), .. , ...... •..... , ..•. , . , ...... , .... , 113,500 2.52 23,220 Copper: Ingot, matte, and pig ...... , ...... , ...... ,... 17,386 0.39 8,588 Copper, brass, and bronze: Bar, sheet, and pipe...... 581 0.01 1,438 Lead and zinc: Ingot, pig, or bar ...... , ... ,.,...... 2,224 0.05 713 Aluminum: Ingot, pig or slab...... 160 143 Machinery and boilers ...... ,., ..... , ...... ,.,.,.,...... 11,511 0.26 4,381 Cement, natural or Portland (building) ... , ...... , , ...... • . 209,080 4.65 103,277 Brick, common...... 2,333 0.05 3,977 Brick, N. 0. S., and building tile ...... , .... ,., ..... ,...... 57,907 1.29 9,607 Artificial stone, N. 0. S ...... , ...... ,...... 524 0.01 1,407 Lime, common (quick or slaked) ...... •...... , . , ...... , 18,061 0.40 897 Plaster (stucco or wall) and dry kalsomine...... 6,605 0.15 2,833 Sewer pipe and drain tile (not metal) ...... , . , ..... , . , . . 9,641 0.22 14,353 MANUFACTURES AND Agricultural implements and parts, N. 0. S ...... , ... ,...... 176 47 MISCELLANEOUS Vehicles, horse-drawn, and parts, N. 0. S ... , ...... , ...... • . • . 81 ... . 42 Tractors and parts ...... , ...... ,.,...... 448 0.01 114 Railway car wheels, axles, and trucks...... 1,928 0.04 125 Automobiles (passenger) ...... , ...... ,.... 8,588 0.19 2,060 Autotrucks, ...... , ..... , ...... , .... ,.... 2,472 0.06 1,436 Automobiles and autotrucks, K. D. and parts, N. 0. S ...... , .. ,.. 1,075 0.02. 548 Automobile and autotruck tires ...... ,.... 413 0.01 335 Furniture, metal. •. , .... , •. ,, .. , ••..• , . , . , ...... , ...... , . 1,559 0.04 758 Furniture, other than metal...... , .. , ... , ...... , 19,087 0.43 2,603 Beverages ...... , ...... ,...... 8,676 0.19 4,481 Ice ...... 19 Fertilizers, N. 0. S ...... , ...... ,., .... ,.... 39,719 0.88 42,487 Newsprint paper ...... ,..... 2,225 0.05 91 Printing paper, N. 0. S ...•.•.... , ...•... , . , .....•.. , ...... 15,858 0.35 1,900 Alcohol, denatured or wood .. , ...•.. , ...... , .. , . • 1,069 0.02 916 Sulphuric acid., ...... •...... •...... ,... 508 0.01 1 Explosives, N. 0. S ...... ,...... 68 38 Cotton cloth and cotton fabrics, N. 0. S ...... , ...... , ...... , . 294 0.01 21 Bagging and bags, burlap, gunny, or jute. , .. , ...... , ...... 25 ... . 19 Canned food products, N. 0. S ...... , ...... ,...... 62,512 1.39 1,995 Tobacco, manufactured products ...... , ... , .. ,,.,...... 39 13 Paints in oil and varnishes ...... ,...... 2,027 0.05 496 Furnace slag ...... , ...... , ...... , 350 0.01 928 Scrap iron and scrap steel...... , 2,87 4 0.06 6,929 Paper bags and wrapping paper ...... , ...... , .. , 11,404 0.25 355 Paperboard, pulpboard, and wallboard (paper) ...... , .. , , . , 38,233 0.85 50 Building paper and prepared roofing materials,, .... , ... , .. ,.,., .. , 4,636 0.10 3,446 Building woodwork (millwork) ...... , .. ,.,., .. , ...... , ... ,.. 7,696 0.17 1,565 Soap and washing compounds ...... ,, .. , ...... ,,...... 6,924 0.15 88 Glass, flat, other than plate., .. , ... , ... , ...... ,, .. ,.,.,...... 17,546 0.39 3,257 Glass: Bottles, jars, and jelly glasses ...... , ... , ...... , .. ,...... 40,388 0.90 7,822 Manufactures and Miscellaneous, N. 0. S ...... , ... , .... , . . 315,952 7.02 5,228 1-~~~~-1.~~~~~-1-~~~~~-1-~~~~~ Total...... 1,275,920 28.36 183,513 1~~~~~-1.~~~~~-1-~~~~~·1-~~~~~ Grand Total, Carload Traffic ...... , ...... • . • ...... 4,399,280 97. 77 535, 727 All L. C. L. freight...... 100,404 2.23 7,806 1~~~~~-1-~~~~~-1-~~~~~·1-~~~~-- Grand Total, Carload and L. C. L. Traffic...... • . . . • . . • • 4,499,684 100.00 543,533

Per cent. of total not shown for items less than .01 of one per cent. N. O. S. indicates not otherwise specified.

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TRAIN, LOCOMOTIVE AND CAR MILEAGE STATISTICS YEAR ENDED DECEMBER 31, 1933

COMPARISON WITH 1932 CLASSIFICATION 1933 INCREASE DECREASE

TRAIN MILES Freight---<>rdinary ...... 341,935 ...... 49,239 Freight-light ...... 5,399 ...... 930 ~~~~~~-1-~~~~~~1-~~~~~- Freight-total ...... 347,334 ...... 50,169 Passenger ...... , ...... 6,419,686 ...... 587,612 Special...... 10,645 ...... 3,407 ~~~~~~-1-~~~~~~l-~~~~~- TOTAL TRANSPORTATION SERVICE ...... 6,777,665 ...... 641,188 Work service ...... 35,407 ...... 12,325

LOCOMOTIVE MILES Freight-principal ...... 347,334 ...... 50,169 Freight-helper ...... 10,398 ...... 4,511 Freight-light ...... 151,703 ...... 3,109 ~~~~~~-1-~~~~~~11-~~~~~- Freight-total ...... 509,435 ...... 57,789 Passenger-principal ...... 1,707,795 ...... 107,128 Passenger-helper ...... 1,736 1,256 Passenger-light ...... 73,103 ...... 7,080 Passenger-total ...... 1,782,634 ...... 112,952 Special-principal ...... 10,645 ...... 3,407 Special-light ...... 4,674 ...... 974 Special-total ...... 15,319 ...... 4,381 Train switching ...... 200,547 ...... 100,357 ~~~~~~-1-~~~~~~l-~~~~~- Y ard switching-freight ...... 820,350 2,132 Yard switching--passenger ...... 28,216 ...... 4,414 -~~~~~-1-~~~~~~I Yard switching-total ...... 848,566 ...... 2,282 -~~~~~-1-~~~~~--'-l-~~~~~- TOTAL TRANSPORTATION SERVICE ...... •... 3,356,501 ...... 277, 761 Work service ...... 41,258 ...... 10,377

CAR MILES Freight train-loaded ...... 3,578,516 ...... 644,137 Freight train---empty ...... 3,189,291 ...... 602,547 -~~~~~-1-~~~~~~1-~~~~~- Sum of loaded and empty ...... 6,767,807 ...... 1,246,684 Freight train-caboose ...... 309,816 ...... 46,749 Freight train-exclusive work equipment ...... 220 ...... 299 -~~~~~-1-~~~~~~l-~~~~~- Freight train-total ...... 7,077,843 ...... 1,293,732 Passenger train-passenger ...... 38,253,670 ...... 5,325,084 Passenger train-sleeping, parlor and observation ...... 567,870 ...... 51,367 Passenger train-other ...... 1,499,168 ...... 79,650 -~~~~~-1-~~~~~~I Passenger tra\,n-total ...... 40,320,708 ...... 5,456,101 -~~~~~-1-~~~~~~1-~~~~~- Special train-freight-loaded ...... 85,490 ...... 31,948 Special train-freight-empty ...... 93,326 ...... 13,833 Special train-caboose ...... 10,965 ...... 3,129 Special train-passenger ...... 362 ...... 1,020 -~~~~~-1-~~~~~~l-~~~~~- Special train-total...... 190,143 ...... 49,930

TOTAL TRANSPORTATION SERVICE ...... •...... 47,588,694 ...... 6,799,763 Work service ...... 71,536 ...... 39,832

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EQUIPMENT OF THE LONG ISLAND RAILROAD COMPANY

CAPACITY OF AVAILABLE FOR SERVICE EQUIPMENT AVAILABLE VALUATION AS PER FOR SERVICE GENERAL LEDGER KIND OF EQUIPMENT COMPARISON COMPARISON COMPARISON WITH 1932 DEC. 31, DEC. 31, WITH 1932 DEC. 31, WITH 1932 1933 1933 INCREASE OR INCREASE OR 1933 INCREASE OR DECREASE DECREASE DECREASE

Tractive Power-Pounds LOCOMOTIVES Passenger-electric ..••••••.••••..•.•••••••..•...... •.....•...... 18 I. 2 1,188,000 I. 132,000 Passenger--->1team ••..•••.•••••.•...••••••••..••...... •...•....••...... 34 ...... 1,349,418 Freight-electric .•.••.•.••.•..••.•.•.....•...•...•...... •...... ••.. 1 ...... 60,666 Freight-steam ...... 38 ...... 1,734,812 Shifting-electric ....•.....•.•...•.•••.•.•••...... ••.....•...• 16 ...... 725,000 Shifting-steam .•.•.•.....•..••.•.•.•...... •...... 19 ...... 854,335 Shifting--gas and oil ...... 3 ············ 180,000

Total ...... 129 I. 2 6,092,231 I. 132,000 $4,506,541 I. $106,988

Seating Capacity-Persons PASSENGER CAR EQUIPMENT Passenger--->1teel ...... 262 ...... 19,386 Passenger--->1teel-electric ...... 756 ...... 53,268 Club cars-steel...... 5 ...... 202 Passenger-baggage-steel. ••.•••••.•••.•.•••••...... ••...... •.... 23 ...... 1,224 Passenger-baggage-steel-electric .•••••••••...... ••...... 49 ...... 2,560 Passenger-baggage-mail-steel-electric •.•.•.....•••...... •...... 3 ...... 96 Baggage-mail-steel. ••••••.••••••.•.••••.•.•...... •••. 13 Baggage-mail-steel-electric•••.••.••...•.•...... •...... •...... 2 Baggage-express-wooden-electric ..••••..••...... ············ D. 4 Baggage-express-steel and steel underframe ...... 53 Baggage-express-steel-electric ...... 10 Gasoline motor--->1teel •••••.•.•••.•.•.•••.•.•.....••...... •.... 1 ...... 43 Street cars ...... 2 ············ 104 Trailers-electric ....•...•...•.•••...... ••.•.•.••••....•...... 252 ...... 19,944

Total .••••..••...••.•.••.••.•.•...•.•...... 1,431 D. 4 96,827 ...... $28,137,824 I. $13,234

Tons FREIGHT EQUIPMENT CARS . Box-steel and steel underframe ...... 234 D. 1 11.700 D. 50 Gondola-steel and steel underframe ...... 562 D. 7 28,100 D. 350 Cabin-steel and steel underframe ...... 37

Totat ...... 833 D. 8 39,800 D. 400 $1,492,104 D. $8,653

WORK EQUIPMENT Cabin •••••••••.•.•...•.•••••••••••••.•••••...•...... 11 D. 1 Tool and block ...... 12 D. 3 Derricks •••••••••••••.•.•..••.••••..•.••••...... 13 M.W. gondola and flat ••••.•....••.....••.••...•...... 14 Dumpcars...... 20 Miscellaneous work equipment •••••.•..••.•••.•.•...•...... •...... 16 D. Miscellaneous floating work equipment ••...•.••.•...•...... 3

Total ...... - ...... 89 D. 5 ...... $393,323 D. $6,857

FLOATING EQUIPMENT Tug boats ...... 6 Carfloats ...... 9

Total ••••••••••••.•.•••.•.•.•.••••..•.•...•.•...... •...•.... 15 ...... $1,319,299

MISCELLANEOUS EQUIPMENT $42,166 D. $1,873

Total valuation of equipment...... • ...... • ...... • . $35,891,257 I. $102,839

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MILEAGE OPERA TED

COMPARISON MILES DECEMBER 31, WITH 1932 1933 lNCREAS;E

LIKE OWNED (ALL IN NEW YORK) Main Line-Long Island City to Greenport ...... 94.43 Montauk Division-Long Island City to Montauk (via Old Southern Road) ...... 115.07 Rockaway Beach Division-Glendale Junction to Rockaway Park and Branches .... . 12.35 Connection to Glendale Cut-off at Whitepot ...... 4.37 226.22 North Shore Freight Branch-Floatbridges to Gosman Avenue, Long Island City...... 2.54 North Side Branch-Winfield Junction to Port Washington...... 14.06 Whitestone Branch-Whitestone Junction to west side of Flushing Creek...... 70 Flushing Branch-Great Neck Junction to Lawrence Street, Flushing...... 21 Glendale Cut-off-Whitepot Junction to Glendale Junction...... 1.66 Springfield Branch-Rockaway Junction to Springfield...... 3.41 Belmont Park Branch-Junction with Main Line East of Queens to Belmont Park...... 88 Central Branch-Floral Park to Belmont Junction...... 19.65 Creedmoor Branch-Floral Park to Creedmoor...... 2.02 Hempstead Branch-Mineola to Hempstead...... 2.41 Oyster Bay Branch-Mineola to Oyster Bay...... 14.57 Northport Branch-Hicksville to Old Northport...... 15.01 Bethpage Branch-Bethpage Junction to Bethpage...... 1.56 Manor Branch-Manorville to Eastport Junction...... 5.57 Montauk Cut-off-Junction with Montauk Division to Junction with North Shore Freight Branch, Long Island City...... 1.11 Bushwick Branch-Bushwick Junction to Bushwick .... ,...... 1.83 Far Rockaway Branch-Valley Stream to New York & Rockaway Beach Junction...... 7.14 Valley Stream Branch-Valley Stream to Junction with Hempstead Branch at Hempstead Crossing...... 5.89 Cedarhurst Cut-off-Laurelton to Cedarhurst...... 3.49 Long Beach Branch-Lynbrook to Long Beach...... 5.25 Sag Harbor Branch-Bridgehampton to Sag Harbor...... 4.39 Atlantic Division-Flatbush Avenue, Brooklyn, to west property line of Nassau Electric Railroad...... 14 Wading River Branch-Northport Junction to Wading River...... 30.31 Fresh Pond Junction to Bay Ridge...... 11.93 Manhattan Beach Junction to Manhattan Beach...... 2.85 Cooper Avenue Junction to Junction with Bushwick Branch, Brooklyn...... 1.96 160.54 Total mileage owned...... 386. 76

LINE OPERATED UNDER LEASE

NASSAU ELECTRIC RAILROAD (formerly Atlantic Avenue Railroad): Brooklyn to Jamaica, N. Y...... 9.39

LINE USED UNDER TRACKAGE RIGHTS Pennsylvania Tunnel & Terminal R. R.-Pennsylvania Station, New York City, to Harold Avenue, Long Island City, N. Y...... 4.08 0.26 Total mileage operated...... 400.23 0.26

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TOTAL NUMBER OF MILES OF TRACKS AND SIDINGS IN USE ON DECEMBER 31, 1933

FIRST SECOND THIRD FOURTH COMPANY TOTAL TRACK TRACK TRACK TRACK SIDINGS

Main Line and Branches ...... •...... *202.47 *69.21 13.99 13.18 137.12 t435.97 Montauk Division and Branches ...... 144.17 66.57 11.53 4.06 124.06 350.39 North Side Division ...... 14.97 10.23 ...... 7.54 32.74 Rockaway Beach Division ...•...... ••..... : ...... 12.35 12.00 4.39 3.15 5.12 37.01 Manhattan Beach Division ...... •..•...... •...... 16.74 12.55 7.18 6.95 48.28 91.70 Atlantic Avenue (Nassau Electric R. R.) ...... 9.53 9.50 2.18 1.97 12.73 35.91 - TOTAL ••••••.•••••••••••••••••••••••••••••.•••.••••••.. 400.23 180.06 39.27 29.31 334.85 983.72 - Increase...... 0.26 0.26 ...... Decrease ...... 5.63 5.11

* Includes 4.08 miles used under trackage rights. t Includes 8.16 miles used under trackage rights.

TRACK MATERIAL USED IN RENEWALS DURING THE YEAR ENDED DECEMBER 31, 1933

TONS OF NEW STEEL RAILS NUMBER OF CRoss Tms

COMPARISON COMPARISON WITH 1932 WITH 1932 1933 1933 INCREASE OR INCREASE OR DECREASE DECREASE

Main Line and Branches ...... •...... 98 D. 481 14,534 D. 4,114 Montauk Division and Branches ...... D. 268 5,826 D. 10,295 North Side Division ...... 64 I. 64 949 D. 551 Rockaway Beach Division ..•.••••...... 1,874 I. 151 Manhattan Beach Division ...... 2,783 I. 83 Atlantic Avenue (Nassau Electric R.R.) ...... 582 I. 509 2,277 I. 435

TOTAL ...... 744 D. 176 28,243 D. 14,291

CONDITION OF LOCOMOTIVES DECEMBER 31, 1933 AND 1932

PER CENT.

1933 1932

In service in good working order ...... ••...... •.. 62.6 68.1 Stored in good working order ...... •...... •...... •••...... 2.2 15.4 In shop under repairs ...•..•...... •...... •...... •.. 1.1 2.2 Stored awaiting repairs ...... 34.1 14.3

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