Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1873-04-16

was q 81. 100 cents. and nernassenga,
252-l00 cents per mile. n
The actual cost of operating the
Philadelphia and Trenton and the
United Railroads of New Jersey, in
1917, was ~ 64-100 per cent. of its
receipts, which high rate is mostly
due TO the want Of facilities at the
termini of the road for handling eco
nomically the large traffic OF the line.
l1e number Oh IONS Oh ire'ght moved
on tne beividere delaware Railroad,
ana remington branch, was VIA ,o35
tons, OF which olz,I49 tons were an
tbra'lt coal.
m;le 49, H. sI S'";sI 70, u 10. s1A ~.
,beso po I;pos ~ % 100 ,aa,Id ns1 reu ino Nv" ove'
and ,Ia oaa, ~ o., oe % wa. nvo :, wv Ien's, s,'. y
SIo. I0oo 01, con,s " nan o.s w. ~ was ;,a ous '
aoo,;ro ,,uoh u'o opJ;, "a; .on POI ntio, 70,
Sunar;S'andan. y r wv Pgn Jo, .no o'ne,"' Wan
and ,ho ] Snnon:,,oa"n, w. 'a'Asou, a. L'l
obarge. Mr. Tobn A Andarson u,o for ,ho
sf,;n;sn, snd n ooono.;nai "a, nnuosso", ior sue
of ,hn unn N ''"' management
,,t'
as 'ne accounts OF the business oil
% .nese ranways nave not heretofore
@ oeen entered 10 the FORM ana detail
WIN wn'ca those OF the pennsylvania
l'a',roao company nave oeen Kept,
we nave no rehaoie uata Tor compar,
,ng 'ne results Of the business Oh 1917
win 'nose Oh previous years
The lease of the Now Jersey i'm.
provements between Philadelphia and
New York includes, also, the Delaware
and Raritan Canal-the water line be.
tween those cities. The work ia under
the charge OF General |. j. Wister as
General Superintendent, in place OF
John q. Stevens, ESQ.,, elected General
President Of the several Companies in
New Jersey, whose lines you have
leased. This canal though its coal
tonnage fell off materially in 1872, has
yielded, however, an increase 10 its
net profits over tho previous year OF
over s134 900.
With the lease of the New Jersey
Railroads and Canals, this Company
also received property represented by
shares in and bonds of Branch Rail.
roads, Street Railroads, Turnpikes,
Bridges and Ferries over the Della.
ware and Hudson rivers, amounting at
par to S5.7l4,44425, valued at The
time of their delivery at 81 ,065, ,225 .25,
and believed to be now worth about
that sum. These securities Welded in
1872 net revenue of Sill ,629.9 but
they cannot be sold without injury to
the general interest of the Company.
This leaves the means necessary to
make the improvements so urgently
demanded for the accommodation Of
tho large and inereesins business nf
these railways at Philadelphia, Jersey
City and along the line, to to obtained
IRON other sources. These improve
ments, consisting OF additional tracks
Tor passing trains, sldings at tho ter
MINI, shops, engine houses, passenger
stations, warehouses, wharves and
stock yards, the construction OF which
couiu not DO longer ueiayeu, nave
been commenced and VIII be prosecut.
ed with v'gor Ihelr completion WIN
require heavy outlay which, II IL
mad oeen incurred some years since,
would at TINS time have added materl'
any 10 the revenues Oh the company,
and TO greater extent nave dimln.
lshed the expenses OF managing Its
business.
The i've stock traiiic OF The Penn,
sylvania Hallroad Company destined
to Jersey CITY, New York and points
IN inc East lor want OF iaciillies ior
its accommodation at Jersey City, has
Tor many years been iorced TO leave
the pennsylvania Railroad at narrls-
burg, l06 miles west OF philadelphia,
and reach New York over the East
Pennsylvania and New Jersey Central
Railroads, thus losing the profit of its
transportation for about zoo miles out
of 450 miles between Pittsburgh and
New York.
The New Jersey Central Railroad
COMPANY. in consequences IL il sup.
nosed of The crowded condition of its
line, has recently demanded specific
rates for the TRANSPORTATION OF live stock
over its railway, instead of its share
of the rates obtainable in competition
with other routes. as heretofore. To
meet this movement and restore this
,rofio IN i,s natural channel This
company Is unuer inc necessity Vi NJ
once mourning a heavy expenditure
when ought 10 nave oeen made some
years since ny tnc NeW Jersoy Soni-
panies.
Tho estimate ed eynenditures for nil
..,. ,o-o ,o-o ..J
Iuoeo "oiho uuI'"B iO'3i W. "N
1874, including the rebuilding oil the
80 - -. as,;'s.,,a ns'"I =, az Sso ono
10 meet this sum, the Joint Railroad
company Vi Now 'ersoy nave uch'-
cred 10 US their general mortgage
bonds, $4,000, 900, the interest upon
which will bave tn be added To tho
~ I.
annual pay heh's w w uu"uo uhuo'
the lease.
The revenua of nil tbe lines opera-
.I C l., Ie-J ia