Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1881-12-30
COAL AND IRON.
PENNSYLVANIA PRINCIPAL PRO-
DUCTS.
PROsPECTS OF THE HEADING RAIL
ROAD.

Tho Output of Coal for the Year 1881.
The statements for the anthracite coal
trade for the year, SO far as they have been
compiled, show that the total production
for the year will reach about %, 500, 900
tons. There may be weeks suspension
in January, but after that it is thought the
demand will be such as to make steady
work imperative. Thirty million tons is
the amount calculated upon as the pro-
duction Of the year 1882, and with this in
view preparations arc being actively pur-
sued in all anthracite producing regions.
READINGS BUSINESS.
Report of the Dolngs Of the Road During
November.
PHILADELPHIA, Dec. 29.-The state
ment of the business of the Philadelphia &
Reading railroad and coal and iron COM
pany's for the month of November and
year ending November 3Oth was made
public this afternoon. 1t shows that the
receipts of the railroad company for the
month were g., Ola, $50. 81, and the expenses
s99S, 323.74. The net earnings of the
company for the corresponding month
last year were s9S4, ,G47.77. The
profit of the coal and iron company for
the month was .$228, 49,. SO an in
crease as compared with the same
month last year of $50, ,S54.36. The
total profits of the railroad company
for the year to November 30 was 50, 14l, =
945.67, and of both companies, S1O,S41.-
800. 70 being a gain rs compared with
last year of 81, l67, ,S54.22 Deducting
from this profit the debit balance of re-
newal fund, the state tax on capital stock
and rentals, and full interest on all out
standing obligations, including the float
ing debt Of the railroad company and all
obligations of the coal and iron company
other than those held by the railroad
company, which amount to $40, 158, 134. .G5,
the surplus of both companies for the year
ending Nov. 80 is s1S3, 25G.14, being :.
gain as compared with 1880 of 81, 393, 242.
81. Of this surplus $i4a, 5S0.G5 goes to
the credit of the railroad company and
$40, 667. 40 to the coal and iron company.
READINGS ELECTION.
The Question Of Appointing a master to Con-
duct 1t.
Judges Allison and Peirce held court
yesterday for hearing upon the bill in
equity filed by the McCalmOnts against tho
Philadelphia e. Reading railroad COM
pany, praying for the appointment of a
master to take Suspension and control of
the election next January. Mr.. James E.
GOwen, who was the first to address tho
court, presented a petition in the name of
Franklin B. GOwen, concerning whose
dOings the complainantsIseem particularly
concerned" Mr.. Gowen remarked, praying
that he might be allowed 70 come in rs
defendant.
AS ground for this application was pre-
sented Franklin Il. Gowen's affidavit set
ting out that the present suit is collusivc,
and that lie believes its object to be merely
to delay the election in order to prOtract
the term of Office of the present manage
ment.
The attorney representing the company
then entered an objection to tho admis-
sion Of Mr.. GOwen rs defendant if it
was to be put upon the ground of collu-
sion, and discussion then ensued, which
was ended by Judge Allison remarking !:
"Put it on tho ground of the petition
being presented and no proposition being
made.''
A leugthy discussion, participated in by
all the counsel, ensued, the understanding
finally being reached that the hearing was
not a final one and was only upon 4 pre-
liminary motion. Mr.. GOwcn then asked
that little time be allowed him in which
to prepare and put in a plea, answer or de-
murrer to tho bill Oh the part of Franklin
B. Gowen, and after some further discus
sion the court allowed this and the argu-
ment went over to next Saturday morn.
ing at half past II o'clock.