ATLANTIC COAST LINE RAILROAD COMPANY, The. A railway system extend ing from Richmond, Va., to Port Tampa, Fla., a trunk line distance of 900 miles, with many auxiliaries and branches. On 30 June 1916 the system was operating 4,773.66 miles of road, of which 52.17 miles were operated under lease, and 53.79 miles under trackage rights. The Company also owned several small branches (totalling 16.83' miles) which it did not operate.
The Atlantic Coast Line Railroad Company had its beginning in the Richmond & Peters burg Railroad Company chartered by the State of Virginia in 1836. In 1900 the name was changed to The Atlantic Coast Line Railroad Company of Virginia. Later in that year the Norfolk Sr Carolina Railroad, the Wilmington & Weldon Railroad, the South Eastern Rail road and the Atlantic Coast Line Railroad of South Carolina were consolidated with it, and the name was again changed to its present title.
The Company's operating revenues for the fiscal year ended 30 June 1916 were $34,445, 110; earned by the transportation of 7,850,394 passengers and 12,291,713 tons of freight. The passenger travel averaged 48.07 miles per per son, at a charge of 2.192 cents per mile—ag gregating in the year 377,368,440 passenger miles, and $8,271,629. The freight traffic aver aged 167.08 miles per ton, at a charge of 1.835 cents per ton-mile — aggregating in the year 10,296,523,340 ton-miles, and $23,292,589. The operating expenses for the year were $22,797, 008. After deducting taxes and bills uncollect ible, the total operating income was $9,838,805. A dividend income of $2,386,447 and other non operating income increased the gross income to $13,975,955. The interest paid on the funded debt amounted to $5,846,656, and this, with other miscellaneous deductions, reduced the net in come to $7,755,536. Of this, $140,551 was ap
propriated for physical betterments and $7, 598,893 was transferred to profit-and-loss ac count. The operating revenue per mile of road was $7,324 and the operating expenses $4,847; making the net operating revenue per mile of road $2,476.
The equipment of the road on 30 June 1916 consisted of 820 locomotives, with an aggre gate tractive capacity of 18,411,700 pounds; 353 passenger coaches; and 28,313 freight cars of which 635 were coal cars with an aggregate capacity of 25,400 tons. The largest item of freight carried on the road is lumber, amounting to 2,658,210 tons. Following this in tonnage are mining products, including 683,470 tons of bitu minous coal, amounting to 2,104,921 tons; forest products not included under lumber, 1,748,292 tons; and cotton, fruit and vegetables, with other agricultural products, 1,697,912 tons.
The entire investment in the road and its equipment on 30 June 1916 was $178,568,333. Investments of the Company in affiliated com panies amounted to $60,432,922; and other in vestments totaled $3,193,230. The stock out standing on the date named was $73,574,272 (out of $100,000,000 authorized), and the total long term debt was $138,777,635. The credit balance of the profit-and-loss account was $33, 583,626. The Company owns a majority of the capital stock of the Louisville & Nashville Rail road Company, and with the latter jointly leases the Georgia Railroad and its dependencies, covering 591 miles. The Atlantic Coast Line Railroad Company is affiliated with the Atlantic Coast Line Company, a security-holding corpo ration which owns $18,413,600 of the stock of the railroad company.