New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-11-28

Years ended Sept 30 1855 as 1ss 400 9, l sSs Saa
C65I freight G5c1SoS SSG6$2 s29099S
rs,sengers ~ Si55siI 5Sst7s5$
sY5SS s SO s3 S Ss$555
Total ............ s24 OoC s2e5c7s59 $272l7s9o
leased lines which are
age Of gTOs. eafnnss 225Ooo 2ss5Oi 22s917o
Gross 70 NeE-York
eIn Company .-S22, oOo 04' f-l -lo'''o 7-'''"-0-'
Operating expenses
Conauctne sransptaen S. s72s922 sGS3 3
ss5ss 5j 4S55
Total .........slC 8ss oss sl7, Oe7a s1s,oos47O
Net carn'gs from traffic soli14IO sosl9es5 ses99S5o
A fo@ other soaices.. 94e,aCo $4,000 937s41
D1 gSie hS SC SSssSs SSSi 6S55ls
Surplus ..............' si4oi1 scol, 100 s7ss $40
The general merchandise freight gives. a total
of 4g75423 tons, which is 81, GO tons less than
in 1887, and sc, 663 tons more than IN $50
But the coal traiiic-anthracte, btumnous and
coller-amounted to l0,l9s,586 tons; l,4O94?S
tons more than in i S7, and 81 90 42S more than
in 1886 Compared with 1S1S-ten years ago
the coal tonnage is increased 734s,1s0 tons or
257s3 The coal tonnage of last year was almost
equal 10 the entire tonnage, general merchandise
and coal in 1885. The tonnage per mile last year
was 67143.176 greater than in 1887. which makes
the steady growth OF the cOmpany's local traffic.
The number Of passengers carried last year was
s.543Gs4, against c. s65, 900 in lSS7-an increase
of / .G77, ISL: but the number of through pas
sengers was 9s, 939 less than in 1877, while the
rain 20 The local passengers was
i,77G,n9 or 2Lsl per cent. The
average haul per passenger was twenty-five miles,
against twenty-seven and hair miles IN 1851
This shows an enormous growth OF the local pas
sengcr business
During the year l5.417 tons of seventvfour
pound steel rails and sl9,Ol cross tles wcre put
into the track, and September 2o IsSS' Edoo } Tc
additional have been laid on the man llnc ING
equipment Of the company has been EirgeH, auueu
to- as will appear more fully in the complete re,
port. Thirty-one locomotives have been added
at q cost OF S2700ll.
WHAT PRESIDENT KING SAYS.
The presidents general remarks include some
axioms that are recommended TO the attention OF
all railway managers, as well as some STATEMENTS
of facts which are encouraging TO holders oi 'no
companys securities. lie says:
The year 1897 very prosperous FOR the raoads IN
the United States During the past year. however
many changes for the worse occurred The pr'heipa'
among caused by the partial failure o ie corn
and wheat crops and this seriously affected the IN
teresis your company. IL caused active competition
for limited OF grain to be carried ana further
resulted in lower through rates The policy which
has governed the officers Of your company for the past
few years continued during 1888 namely the poicy
OF doing business which did pay OF ITSELF ara using
equipment the best advantage and selecting always
having in view, however its duty TO the puDIic rs
csrneD that traffic which produced the most profitable
results. The through traffic Of a railroad company
as is well known the least remuneratve. but IN years
past and previous the present administration strange
10 appear. the greatest efforts OF IN" company
directed 10 its development. and "a the INJURY ana
sometimes TO the sacrifice OF local Interests. The
rate per per through freight castbound
against go in 1897, and wesibound H0l against
j95 In 1857. The total east and west however, being
exactly the In the previous year namely .o1G
Certainly this result, under all circumstances would
first glance to be very remarkable The eN
planaOn however Is simple. To the greatest possible
extent the orders for from local stations were filled
preference TO those for through business and ~ Is prob
able that before local promptly and
fully supplied Next the local trade. the requirements
the coal tfanc OF which IL transported between
points upon the main llnc were carefully met far
practicable and although In the height OF very
trade II not possible TO All Immediately all the orders
yet the tracks OF the entire Erie the