The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-01-21
Mr.. JAY G0ULD'S REPORT.
TNIERESTfEG ISFoRHdTION TOE
EbIE !STOCk HOLBEhS

ERIE STOCh noun ms,
His Review ortbc Er,e Rniiroad for the Pas,
v nr-Thc Pure Use OF tie Mcchawktn
Dacbs nd the Oprrn House Prnperty-yud
Word nbout the Assets or L'ubiiitir,.
Mr.. Jay Gould saws that when the present
management ot Tire Ere roaj caino In power, the
non used In tne tack VAS OF IL error quality and
this aud The accident at Carr's Rock had greatly in
jured the business OF the road. To prevent surh
accidents bc laid nearly ion miles Of solid steel rails
the Eastern and Delaware Divisions. TIL entire
divisions all b. rclad With steel rails by Doc 81,
1910 The Company is also building iron bridges.
Tho present e,meBt fonnd tie locomotive
equipments In On anscrvieeabis condition. Toe
machines were patched and botched, and had been
ih use 90 lons ihnt they were good for nothng hut
old iron. Fiity new engines wore ordered, and all
but ten have been FURNISHED.
BUSINESS.
The following Il tho pesseuSer tanc for the nseal
year ending Scot. 81:
Number OF passengers carried
SuniSer oi passenger carried ''''No
ESf r1 si rUn pas.epgo,s ,,ei3o 3 sSis5
New passenger, palace. and drawing roam cars
are being furnished throughout the length Of the
road
ynsreHr TRAFFIC.
Number Of tons OF hcieht -. -.
Total Su@Oe' q toa, car: $50 0y''--"
Re venue iSS irt,sii ,i!S,;ss ,o,56S;s 9
rus COAL rRAFFIC.
The coal tranis Is an important feature. Mr..
,Danus the wear VIC have renewed the contract with
guam % He tanspor,ed for I,eln annually from Wv
| Vn TO l.AOslO tons. conncncing Dec. |, l-ii
W. have also concluded q contract with tho lchigh
ssa n SG1, tog Sr ne od OF twcn
81 aud fnuu D. 10 tou- luuuAlY
Unjer III prssoui MANAGEMENT this Company has
Si ny ,ea sI. Il, Of ,es St
| Whcrc Il conuctts the lie s,tt,in az lo,t.
WIN those ,sf he 6riarirs AID Hudson c5aa
rom 10 TO $50 cars dav estimate I'm, IN lie ygsf
ave hunitcd thousand tons 81 anthracite coal FROM
harSley miG l iioaesd lie TO ude,waiyr
eJnynced thl1 irom tue gcorrirical 10. don OF our
end IL should INC carrying 81 tic part Of 6S
s99fas'S ga eSn con, . ~ tbs Se,esn part Of Tbs
Lakes. oo assuming thc Presidency tie Con.
trade, which considcscd so very desfSoIe a. t
Soad o. rei able, eos. tart, aed here.sin{ ami
| auoas eprned with the Delaware Lackswanna,
q dsa saS and my sn Fsd S
sss SSs q, :" YEAS ior ne ,asrsport.on o. ar
al a-rsd ppon. And. though the agreement was not
eseo ad We had no la e' note
oad V sn HSsqa 15Ff asS ns Ne ss s0 10
ComIan, eoneluded az arraascnont with the syrscu,e
Wa aoi sIscGted noi carried cat
tel. became aecssssr, Ior us N order 20 secure
nrr entitled by reason % our toe TO form come
80 o,,sioss we're seootdIaJy oienSd With tbe bcia
nsIy and hnisoa Saha oon,raey, aud an arrange.
ooiptruc, "
RAiLSoAD rBox cAnBoNpALE TO SrsouEnlNS,,
distance OF lerty miles, over which aud thence 81
,gi eao al large amount OF coal gomme1elnr az
NJ az Jssn "a ny 10 a. lsst 500 loS' ey -
thv ue b va ue ira'tivs ucett iions wlta the bela.
strucuou u tn roai GSs sssn ra.hS for, ,ra Win iii
Io-sbr despatch, a0d Will vo complotel ocf5.e the
lac Lob n yits 9ailro1d having Dcou oI ended -
coal uau iecd,l non wuig W. as5 sirtaay recsttls
la. e Goa ~, tls lo,I. present 10 ioricd 10
vu sturAi.4 ,Iy ght ear woald iAtiuto gu
I trough ~ ~ halo. III milcS. empty.
| OPERATIONS ~ INV JERSEY.
Af(er referring to the nov ferry TO the foot Of
tn Cntythir. street, Mr Goud says thai Tie, nav
loaned .aost'Hial aid 10 lac construction OF h,r-e
eiilryad through Jersey cay to Hudson Ciy. Tins
si increase The travel over Tie Jerry, ard enLanoc
ne vG;ue Of Tie Company property GU Bergen
taai,sbie eoaraet with he northern road Of New
Jersey. By which so car loads Of passengers per
month are sent over the terry. similar contract
with the naekensack road gives tae ferry go car
loads per month. MIR. GouId says;
We have purchased. At coat Of q 1000 IN. proper
hS o. meI 90 Of 1s9st sS sS,S gisns river
peg s"T me OF Goa n uanssIr.E y from ca'
4nd large-t on the rivef-capltie OF hand.
nag seoot 400 cars per day.
% s5 OIL T. s1rrs, and Sra;S OIL Ia ssk have
Of large AND co.nnod Ons gram elevator, which vim
y Shs mGa Of verv largely ncrea;irg our traSspof;
pempt return Of grain car, thus cnaollng Us ~ at
We have also Iarshsssi u,s Gregory rarm." stu
aed about Two MITES north OF the Nsnna " keu doc =
dred eel GSra We lave eVabi he'd SaS ~ s w.
c1ns oarns aud pens, ~ riding al the iatltrr for
masiae TIA live stock market. The river frontage N
sronf and sabstanus sushesa lie Whole iaS 81
naAns Il available and de- lranle for hy erection d
'or ienne IT,, 90 no.s. an, a..
y laogtrS u e He snd haJr1n IahI
| ias and Stormy coal tlsnsDoI Led over our road.
Access to this property l. easy over roads under
| the control Of the Company. Two new plcrs AID a
large passenger depot have been built a, Long Do,k
| and a large machine shop IA being bult Va Jersey
| tity. An extensive shop has also been hni,t
Much real estate has been purchased Il Zen Horn
tor the handling Of crude oil In bulk. The oil h
then conveYei IN pipes TO WeoAawken ana IL only
pumped through a. vessels may he there to take e.
The Patterson and Newark road was built with Erie
AID, and he Erie has contracted To run the road
| OF this road MIR. Gould Bays
wefonna li; railsosd being constructed with nar
| row gauge, aud intended 10 connect nj Nesuk wth
the narrow gage .ads running IN co1neci,
nth the Pennlyyanla roads 10 tn Wet, ADD t6cy
1sw 20 IoMnsts wh =. for paiS9ys' snd
Low rival to reach tho carrying business Of our oar
Inc, concluded n woad be better 70 control
;psc, enable TAP basaess Of IT, eIts SsI,S
c os1 81 IT, Tor ' Sf Ns trade rom md n
ana sfo eItehd the market for cCs lnnbcr nom
@ a1 @ rosa twas sES aSo G
connection Win rs thu west cad ~ Le tunuol. and
| bring iarge busIness 10 our ferry WV STU
| DoUsLs TRACK AND TIE oPyRA HOUSE
Thirty miles OF double track has been constructed
| during the year on the Delaware Diyisi,n sn I'm.
/ men " al HIIO ktT.