Author: Charles W. Garrett

Publisher: Forgotten Books

Published: 2017-05-21

Total Pages: 20

ISBN-13: 9780259869238

DOWNLOAD EBOOK

Excerpt from Experiences of the Pennsylvania Railroad System With Employee Representation Before I get into that, I want to tell you a few things about the Pennsylvania Railroad itself SO that you may know how large the problem is, and how large an organization we have in which to work. The Pennsylvania System has miles Of lines, which is of the railroad lines in the country, but on that, less than 5% it did in last year Of all the passenger traffic Of the United States, and of all the freight. To do that we had a corps of about Officers and employees; we had considerably over a quarter of a million employees a little over a year ago. Theyare scattered over thirteen States and the District of Columbia, and those thirteen States served by the Pennsylvania System comprise half of the population Of the United States - 49v2%. The statistics of ton miles and passenger miles are so big, the figures are so large, that it Is useless reading them because you get no idea from figures after you get above millions into billions. Last year the Pennsylvania System had a total Operating revenue of and at the present time it is running over a day. You were speaking this morning of pension plans. We have a pension plan that Since the start, 22 years ago, has taken from the treasury and is running at a rate a little Over per annum at the present time. Our corporation IS about eighty years Old and'as it has been constantly growing we haven't reached the maximum yet by any means. It is hard to predict what the cost will be twenty years from now, but the chances are it will be about $5, a year. The book value Of the railroads - the tracks, equipment, etc. Is slightly over the total stocks and bonds in the hands Of the public is so that there is a considerable margin Of investment over the amount Of stocks and bonds in the hands Of the public, and we feel that when the valuation is completed by the government it will be considerably in excess Of our book value. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book Experiences of the Pennsylvania Railroad System with Employee Representation (Classic Reprint) written by Charles W. Garrett and published by Forgotten Books. This book was released on 2017-05-21 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Experiences of the Pennsylvania Railroad System With Employee Representation Before I get into that, I want to tell you a few things about the Pennsylvania Railroad itself SO that you may know how large the problem is, and how large an organization we have in which to work. The Pennsylvania System has miles Of lines, which is of the railroad lines in the country, but on that, less than 5% it did in last year Of all the passenger traffic Of the United States, and of all the freight. To do that we had a corps of about Officers and employees; we had considerably over a quarter of a million employees a little over a year ago. Theyare scattered over thirteen States and the District of Columbia, and those thirteen States served by the Pennsylvania System comprise half of the population Of the United States - 49v2%. The statistics of ton miles and passenger miles are so big, the figures are so large, that it Is useless reading them because you get no idea from figures after you get above millions into billions. Last year the Pennsylvania System had a total Operating revenue of and at the present time it is running over a day. You were speaking this morning of pension plans. We have a pension plan that Since the start, 22 years ago, has taken from the treasury and is running at a rate a little Over per annum at the present time. Our corporation IS about eighty years Old and'as it has been constantly growing we haven't reached the maximum yet by any means. It is hard to predict what the cost will be twenty years from now, but the chances are it will be about $5, a year. The book value Of the railroads - the tracks, equipment, etc. Is slightly over the total stocks and bonds in the hands Of the public is so that there is a considerable margin Of investment over the amount Of stocks and bonds in the hands Of the public, and we feel that when the valuation is completed by the government it will be considerably in excess Of our book value. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.