New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-07
JERSEY CENTRAL SOLVENT.
WHAT THE RECEIVERS HAVE DONE.

IMPROVING THE PHYSICAL CcNpilioN NM -"
CRYAsr>G THg EQUIPMENT.
Receivers John q Kennedy and Joseph 8. Harris, OF
the Central Railroad Company OF NewJersey have sub
mittsd 10 tho United States Circuit Court OF New-Jersey
their report OF operations and management OF inc
property rom October Is - December 81. 1881 "heh
they were discharged from duty The financial nQnres
will found the financial column The total interest,"
In default and the nsatIng debt January l. 1887
we're So 59G,s7O Therc 20 interest in default on
December 81 1897 After describing the labor troubles
which embarrassed the operation OF tho receivers the
following statement Of what received for the claim
Of the Jersey Central Railroad IA given:
on c.ntr, Lines male y ~ Heading 5000 27o
Construction arcsuut OF the Lenish Coal ana
Sompsnc. ass,sncG u Central 2o7.osa
cr. Of a,aeunt Isasa ey sac o. sLocoooo s7ss7s
o ,s,1s r. r sns f f.sTsrS R.sa
a NM o." ... 2.iOooOo
sne,l,e.. and claims Of Raaiing against New.
YORK asd Long Branch Railroad. assigned TO ,,.,7
unsecured clam. against Reading admitted to 70
organization, subject to payncnt OF assessment z'o"iN
OTHER SETTLEMENTS MADE.
The receivers then recito TIE other settlements they
ecsd and describe the construction Of the Wilkesbarre
and Scranton Railroad TO Scranton and the agreement
for Joint OF portion a. the Delaware and Hud'"n
Canal Csmpauy's railroad between wiIkesoarrs and
Scranton Tue receivers also increased the cGupmsnt
b. adding locomotives two cars fsr horsc'
400 Hopper gondoa refrigerator cars ana rour
ear rsata The report coscudss rs fellows:
AT the Of tho present the Central Raj.
read was con ted by the Rcaing vas III us
sI In 80 vas lpveyed I'm appareutly rcabe litigation
with ~ creditors and with the hea ing ana had peen coh
pelo 9 take refuge under IN. present
ing. a barely eaaasl Il, 1sS c,s.s and
in he years had fallen considerably below ten
raroad controlled for the first time IN more
than ten years through nanayemen elected ~ its own
az .S ;s II: "ss ssi
unceranes Of litigation Is hxed charEes nave oceh ~
rednced as opinion 10 insure permanent sovency
MAKING TIE rOAD-BED AND BRIDGES SAFE.
Tho work IN way of betterments and maintenance
IL described ~ fo.lows:
The rec, vers sv felt authorized TO use the revenues
IN their for p-ermens dstin from repairs
excep ~ involving small expend rure ami ONLY IN
snch VIE these betterme nt promised inms,o
reurs They however folt II their duty 10 MAKE lns
ioadbei safe bryoni all peradventure. aud havs gwen
especial during the year TO the mat er 81 pree
now steam v ia n rp and was ordered az cost OF
they took possession OF tho roa ms uiw
which operated by seam was eompeS IN one ~
the and Passac draws the Newark anu New
York Branch . -. =, ,..,,~.. ~.
thu entire in OF the ordinary yearly average
for such pnrposes. e-........ r,x,.,.,
has been below Mauch Chunk Construction o.
large ward al Chunk In and the erection
-ationhouses at Msuch Chunk ans ~ Eas,on ns
is the Trhgh Coal ani NavisstV company
under existing arrangements between the Two conpa-
MES. IN ara I'm ,roca.s %
West Ber-en NreeIand ST. and Woodl, "
on tho Newark ana NewYor branch. kenv springtown
AID Min creek Incrsased station ground has been ecute
al Elm station. the NewJersey Southern Dsl.on anu
have been constructed on the ehlg ann u,
onahanna DIv ion Rrils the Newark ami Newfotk
Branch several other poHts Increased stIion ac
tes have Elizabeth aud Newark where theY
nugh