New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-01
RAILROAD LNTERESTS.
TIE PENNSYLVANIA RAILROAD REPORT.

| The PENNSYLVANIA RAlLROAD HEfOhl'
| PHILADELPHIA, Feb. 2S.-The annual report
Of the Pennsylvania Railroad Company shows the net
earnings for 1880 Of the main line between philadelphia
and Pittsburg to be $1,000 .455 10, Increase OF
| 50, 569OO4 GO the net earnings OF 1879. The
New-Jersey Division shows net loss OF
| 81, O353O9 CT, an increased loss over that
| OF 1870 OF s95,419 70. This leaves a balance oil
$0010170 20 net income From this deduct payments
to various branch lines IN the State Of Pennsylvania
amounting to 81 377 COZ %, showing balance to the
credit Of the income account after deductiug there
from all payments made during $780, ior
which the company was responsible, and that
should be charged against income account 81 VI
OF which paid dividends OF per cent, $4s2O-
Ola leaving amount transferred care OF profit
and for 1880. 81 S17 $50 OIL Add balance
OF realized from settlement OF old accounts aud
profit sale of securities S795, 900 81 Total So 6l2
S75 49, Add amount TO of profit and loss, Deoe-
Der 81 1870 81 1s1 O73 80. Balance TO of profit
and loss, December 81. 1880. S7,793,94s II.
The report gives statement showing the result OF the
lines owned controlled by the company west Of Pits
burg operated by the Pennsylvania Company and the
PitsDurg, Cincinnati and st. Louis Company. The net
profit these lines 1904 Al. increase over
1879 Of 81 1888, 1853 o.
In reference to the trouble with the Baltimore and
Ohio people at West Philadelphia and the telegraph
complications. the report speaks follows: Some
litigation has again arisen In reference to the bye
other rnirond companies Of portion OF the main line ~
the West Philadelphia yard. As the ute TO
this part OF the road, which had been pre-,
Company. was finally adudlcatod in favor OF this
company by the Supreme Court OF Pennsyl yania
years since, &c is confidently believed that inc
effort being made the part OF foreign railroad
companies through the fundamentally OF the Junction
Railroad Company. TO this property to your injury
will pot be successful, especially 1t Involves
the running OF their passenger trains throngh
the most crowded part OF the West Phladelpha
yard which has been specially constructed and arrnge
for the accommodation Of freight traffic and rom Wich
your passenger trains excluded several years
at great expense to the company on account OF
their grave interference with the prompt movement OF
YOUR freight traffic. and the serious peril involved therein
to both life and property. All freight traihc tuat " ~
proper 10 handle I'm such yard can b. eXpedit0usy
moved, but the effort being made Is to require
schedule through said yard. regardless OF their inter
ference With the freight traffic OF the constant danger
10 which Ibey thus exposed 1t Is 10 hc hoped th
these foreign lines continue t. desire connection
through The city they Will not expose their passenger
such Iisks. hut w construct an independent
line entirely free from the hazards referred to-
on January II. 1850. the company concluded n CON
tract with the American Union Telegraph Company Tor
terms dos II prevent any other lines from doing
such telegraph business Tor TIC pubic they may ny
law be authorized 10 do This contract more
ADEQUATE compensation TO the company aud Its nuNu-
privileges granted 70 other telegraph companies IL was
confidently hoped that similar contract would have been
made with the Western Union Telegraph Company, then
lines. This been TciZ II. huu "a
the Board believed did not paya proper
rental the occupancy OF Properties ana had no
legal rights upon portion thereof notice was given 10
September 30 last 10 remove thrrcifum us pol'7
aud fixtures. Through the litigation arising cn ~ llnH
notice a judicial determination will be reached ~ to The
relative rights OF The parties. Pending inns result, aTE
mpnts have been made between The formerly competing
telegraph companies now occupying your hnes winch
may render contracts nee essary 10 thoroughly pro-
Tot mt