The Bureau of Railway Economics in Washington last week made public the earnings of the railways in 1925, the largest earnings in history; but because of increased investments the return was not so large as in 1916. The "net" in recent years:
1921 $ 600,937,356
According to the valuation of the roads by the Interstate Commerce Commission the 1925 earnings are a yield of 5%; according to the reckoning of the railroads (by book value), 4.83%. Fourteen Class I railroads had...