, 1874-06-17

Hot earnings. 1,7D10l1. 10
l!ontal aad 1,3I7.l15. .6l
4n,sos
E1pe'se1-ao ror ''' 'epiaS.a ,aS:
Renta a Sd'itS nn itere:i.
oaile!E 4"r slie ~ vGh.7a
Ihoro has boom MI nEgrogato expenditure for
bETrENMENTa
on all tloHo lIncB during Tho year 0B folown:
EetsG5B IT, l,t,f r. wqynG Ghe'go '"ro
easclaa asss1 iitt.'ar9 1'sir"a. a7ssssoi ss
Jea'ersunylllc, Aiasllaon h indianapolis '''''~'
4aAlro&i.. ................r..s It'll DAG. 90
THE FINAL NEBULTB
to the TonnEylYnnla Company aftor paying ait
o1ponHcs rentalH, Interest, oto., show Il MT
profit Of Fl ,23S3l0, ont of which dvdentlH lsnyo
been paid Oh proforrea nnl o0s,laon stoolt, 4570,-
coo. leaving d balAncs of AGtIB,3l0.
Tho lines aro now amply supplied with fauili-
Ties to moot not only proHont donlattly, but alHo
n mucl,-lnoresHel volume Of business, and tho
condition Of the traoka aud rolling stock will e,,-
ablo tho business to DO moved witl, economy
md dispatch. On tho Fort Wayne Road 4D par
cont Of tho entire llue was roaid with NOW l1ll,
Including
Blk THOUSAND Toss OF STEEL HAIL.
and 2S por cc,t Of tl,e ttos wero removed. On
tho Cleveland X pittsburg Railroad I5 por uout
Of tho lino MAS rolnd with now irol
OTHER BRANCHES.
In addition to tho linoa heroinbeforo snun1or-
atcl, and which aro operated tndor loaEes. this
OH account Of the proprietary eompa1,ies, tho
Indians 4; vinconnea Road, tho .Anhtnbuln,
Youngstown l. rlttsburg nailroad, tho Iolodo.
T&n II Eastern ltailroaa. aud tho comp!elol
portion Of tho Mansfield, Coltwnter T. Lako
Michigan Railroad.
THE AsurADu1A LINE
deserves special montfon MI furnishing an nd
ditiouai outlet to the lnkes, and theroby taci-
tntiug the movement Of lumbor, orc, aud oonl.
Tho harbor has bean improved 30 that vesaolsa
ftr 1 foat 0F taT n
tho wiaryes Of tho Company, md thoro
s oyory prospect OF tho road developing
= lucrative businous. Thoro yes expended IN bet
tormonts on Tits limo in 1873 but very small
ncction with ono Of tho largest grain depotB Of
tho West, by an acknowledgements route, mud
tho road has local advantages which should &C.
euro it large traflc. Special attention IL boing
paid to tho increase OF its tonnago, and with
favorable Yeauits.
THE death OF tho late ]. Edgar Thompson was
foolingly alluded to III the report.
This afternoon
ROAD
hold very full meeting nt tho Companya offices,
whom President John Scott presented
detailed statomout Of the Company'a liabilities
and asscts, and the manner III which 1t is pro-
posed to pay it's liabilities. Tho following, in
substance, is the exhibit Of indebtedness:
DIlis payable. oS4 0o9 l6
Duo Pennsyiyana nailroa,i Company 1,Slo,S0lll
Duo contractors and othefB :..:..:. Is, ,1A5.a4
Douds md mortgages On railroad, csti-
sundses d,Ss and Individual 1e;eSsie
Due railroad companies in current nc
oopoas sapns. ci bonnsitDianc ssS;.oo
Interest duo Suite Of lenusy ylyann.. 87,5o6.oo
bonds. .................,....... 145ooo.oo
Taxes due tho State estimated. -. ..... 34.0nO.00
Interest purchase Of OIL Creed atock.. 6l,600.0o
Total. ,oa8, ,olo4z
CONTRA.
s ea.h on sssn:: nsna asa5 ,sss.ss q
May earnings uncollected ......+...... 141013.52
pcnnsylvania Railroad Company at9o... e3s.soo 90
Total. .......................s s14 c5o.oo
Balance. 81, s2s a5e.45
T. 1861, $4,000
Total floating debt. $1,000 85c.45
The report WAS referred to committee OF
Col. Thomas A. Scott stated that tho Company
proposed to issue income bonds to bo secured by
a trust-docd to pay per cont tho 1rat year. aud
7 tho third, tho bonds to mature in twenty
yearH. Tho Committee OF five reported, and
made .
THE FOLLOWING REooMMENDAT1oNs,.
nftor going over tho ontiro statement in detail;
% 'ws also , suggest ,.aa thai opTsr par cont ta
represent the expenditures indicated, and that
said bond be nado good by indoraement by the
Ponnsylyania Railroad Company, 60 that this in~
dcbtedncas lnny ultimately become funded into
the samo."
The report closed with o. resolution looking to
the organization Of permanent committee to
confor with tho Pennsylvania Railroad and the
4. Y. Ri. directors, which WAS carried, and tho
Committee appointed Directors.
The mcoting adjourned to conyene ngain 3wo
weeks from to-day.