The New York herald., 1878-03-05

frame au also "re excursion business to and from the
GAHD&S AND FM!iIDEiral. STEAMBOAT
Ihs ferry Is Sperasd ander separate
Camden. and essential appsndage TO the workng Of
your New Jersey system I M, q roaas
Not earnings. ............... ....... So2 3oo 26
Interest, dividends and taxes 3s246 A
Net surplus; sl4o5s 81
and the maintenance which is 70 the gr"wth Of
the city o Of rhadepnis nas
all antic trac he vessels have been maintained
IN excellent condition Their trips have been performed
dom from casualty and they held high esteem Sy
The fast reish! line by tho Empire Transpora-
ad. nd y sn
Baltimore and New iork was purchased by ,ompa
viii the iuure under she title ." "a.
p,s the facilities FURNISHED y this or
ses p ni not d: S ys s wca wHa
company paid the Gmprs Irsnsportaton Company in
sn y 3 600 for IT'S ordinary lrSsh, equip
doa ears ana 400 rack in all 4s also 100000
ing isos tank .so purchased ali The pier and
dep. proerty shops Offices and tor and
lion Company for shs s4sooo wheS was p.G iaf
s1y a. III; j. which 70 in
which to pay the $4,000, six per cent interest
required and inssamens Of p.ncipai
Dy psd n 81, Ga me ~ % which your has
vices rendered In connection with It, while under the plan
named b. the a,soiue owners Of the property 1t is be-
purchase Of the Empire eaiDsns and iscss win be
productive OF beneficial results ana that the increased
OF tns equipment much within speuiae In tho
No fast freight organization not owned by your company
now remains upon your lines
SsA sd
ysu ns s. o. and
For your lines east Of Pittsburg rep
Those west Of Pi.tsbars ........:... $4,000
OF which there had eesn paid up to ooo
On On secGqn. CO n. Of lines east of pittburs. sissooo
west VI rttspurS Is OOJ
.'-'.'...........'......... $4S3,oo0
Leaving outstanding at that date. S. 0OI 900
nua s to ns @ % The S nIs paid The
& & w. . nS~ rsqSsd annually OF your company
pauy amount which would be otner
Ss ca" %n VrDss ~ the % s;ea to
WIZ own the cars without any Increase Of It's
on ""a equipment account 'y reason Of their 1eq"
GENERAL REMARKS
The various plans adopted by the trunk lines during
many years past to secure reasonable remuneration for
ana was found that which practically left
aSs 81 & .ss. m OF nS IN
was therefore entered into on the ist oJny
bushes. from that city points their termni
he ros s s es s n
competion Ag result of this agreement all West bound
Complain. las been removed and the
,S,es now eins below the average Tor the last Ave
wi be made. by reason OF the co-opcration between
yielded better RETURNS 70 tic comp.ne, h"t ,bat 4, &
also, VIII fully tested ana understood secure, II should.
the support oI AL mercantile communities Mr.. Albert
other Important railways OF the and thoroughly
i" az The ID II. T .sas "
office in New York and under his supervision all
lines with view Of reachins like results appointed an
to Sc hs whom las, % rates
lines being requested in ot tho failure of any Western
shipments IN their way the se@Goar" and IN IL
onss Ways ~ effect permanent .eseme". Of tns differ
mainiennnee o. the traffic charges 1t has however been
the course .doptsd and Tor time past although ho
for the heavy sraac pressing upon theme n. ns ous
rates have not been iny atained and tho roads have
they were justly entIted
trunk will satisfy snss wes.r" hat she .s
only rne remedy Tor the present difficulty is to
"oSad on, a SaS II hrs ts nc "a"
sngay s !. n nbns upSn tes opoitons Of competitive
several important trade centres OF tho West Should hs
an entire equality determinations avoided and bust
issr to ali Interests than the y.en
In consequence ot the continued depression IN al the in
nue. yonr Do"fd made reduction of ten cent Ia Tn.
cessation OF officers employees taking ell, ct
from the LIST fJuno 1877. IL
would DO nut temporary cne and that with c,va OF
business your company woulu be aDe
compensation. ANA give full time and employ ment
larger number OF employees had been retained
In she service than could fully employed IN
TIE business u your company, but yonf aficers,
knowing the individual distcs, that
nom the dismissal o large nunb.r OF the men,
ored TO avoid this ny dividin4 the work among ALI
thus gi,tng each Ui. chance
The plan also desired by many Oldest ana
mcn urder tnis arrangement, abcat ls.On men
Kept upon YOU company rolls majority whom
were steady Industrious ana reliable from long
connection wan your lines closely with
your interests and proved themselves thoroughly loyal
the company The reduction o WAGES referred
only neccssntod upon your ines but the
pursued Ny other leading lines of railway also
pGsincs men o ih. country outraged IN man
utncturng aud Industrial Iursuiis
nipri iuiatey some Ot tue In the service the
fi0u, railways instead D Cooperating with
Ani luenced Dy public sentiment prevailing ~, e,ratn
iV' aiities anu tnc action OF bad
praicnes ol business LOOK advantage Tia. opportunity
thus offered them to stir iceng oi among
OF lRwless violence mad before the rail
way service OF the country The action your company
aosve stated not having Deen appreciated
its policy and has now Ia service only number
to wnom employment tor nearly Iu time can lven
who therefore earn better than they id
hoped that tho present deprcssion VIII sonn end and Ia
with improved results hshor or con pensaon can
1ic Dbiu to employees.
Ia this general connection yonr Board desire
they nov have under consideration plan
zaton OF luna Tor the benefit Vt such OF your employees