The Washington critic. [volume] (Washington, D.C.) 1889-1889, 1889-03-04
GENERAL REMARKS.

There has been appropriated TO the Man
ayers Of the Trust created October 0, 1873,
from the creation of the Trust to December
3lst, 1888, the sum OF S3,907, 140.5S, which,
with the income of $2,43, 970.i5, has been
invested In securities amounting at par to
$6,069,950, yielding an interest of 6 S6-100
per cent. for the year. There was appro-
priated to that Trust for the year 1888 the
sum of ST., 120.S3.
The assets of the Insurance Fund on
hand at the end Of the year were 2,012,-
11l.61, being an increase over the previous
year Of 1857, 667.l1.
II is gratifying to note the increasing
traffic ON your Main Line between New
York and Pittsburgh, although large ex-
penditures were required TO properly pro-
vide therefor. The amount thus expended
during the year was $3,0l3, SS1 .37, the prin-
cipal items Of which were additional loco
motives, passenger and freight cars, the ex-
tension OF third and fourth tracks, and in
creased facilities at terminal points.
In view of the probable increase of
traffic, IL will be necessary to continue this
policy during the coming year, and espe-
cially In increasing the facilities In Phila-
delphia and Jersey City, and providing for
the safer transportation Of traffic through
the larger cities. IL is confidently hoped
that within short time your New York
Division will, like your Main Line, be en-
tirely relieved from grade crossings within
the city of Philadelphia.
There was also considerable amount
expended In the extension OF branch and
auxiliary lines, necessary for the proper de-
velopment Of the traffic tributary to your
system. The principal expenditures upon
these lines We're: On the Pittsburgh Viz
ginia and Charleston Railway, In the pur-
chase Of additional real estate and con
struction Of double track, with the view Of
transferring to that road portion Of the
traffic now passing through Pittsburgh, and
thus relieving both your Main Line and the
streets of that city from the annoyance and
delay attendant thereon; on the South
West Pennsylvania Railway, In the develop
ment and extension OF branches, and the
completion of new connection with your
Main Line; on the Western Pennsylvania
| Railroad, in extending the double track; on
| the Schuylkill Valley, IN the extension of
| tracks and settlements for right OF way,
and In the construction Of the Cambria and
| Clearfield Railroad in the bituminous coal
region. The aggregate outlay therefor was
| 81, 1903, 479.S4, on account Of which your
| Company has received from those lines In
cash 1920, 95l.56. IL may be noted In this
connection that the revenues Of the Penn
| sylyania Schuylkill Valley Road, built for
! the purpose Of securing fair share of the
local traffic of that territory, were more
than sufficient during the past year TO pay
| the interest on its entire funded debt.
Among the new undertakings contem-
| plated during the present year, are:-the
! construction OF a bridge over the Ohio
| River Immediately west Of Pittsburgh, for
the purpose Of further avoiding the very
| expensive and dangerous transfer of the
constantly increasing volume Of trafic
| through the cities Of Pittsburgh and Ale
| gheny, the cost of which will probably
amount IN the aggregate to 81 800, OO0;-the
| providing of necessary yards and transfer
| facilities at point about fourteen miles
east Of Pittsburgh, where the traffic 10 and
from your western lines will naturally be
transferred from and to the Main Line, the
land for which was purchased many years
! since, and is improvement commenced dur
| ing the past year;-the change Of grade as
already noted through SOME OF the import
ant cities on your line to avoid the dangers
| of street crossings;-and the erection Of To-
| comOtye shops at Altoona, to he devoted
| exclusively TO the building of new engines,
the time having arrived when the present
shop facilities at that point are inadequate
| TO properly care for the motive power and
supply the additional locomotives required
! by the increasing traffic, the outlay for
| which will probably be Sl,OOO,OOO
There was contributed TO the Employees
| Relief Fund by your Company and affiliated
lines during the year, 1901 so for opera
ting expenses, and I'm addition thereto the
sum of S, 1880 for extra benefits 10 mem
hers of the Fund whose disability had con
tnued over afty-two weeks, and who were,
therefore, no longer entitled 10 regular
benefits from the Fund, The amount con
tributed by your employees was S34l ,d20O3,
and the receipts from interest were s., 1924,
which, with the contributions by the com
panies, as stated above, S0i, O30,3O, made a
total Of Sll4,30 This added 70 the bal
ance on hand at the beginning Of the year,
Sl02, 1896, aggregated SGO6, 556.l3! Out
of this fund there was paid 10 the families
of employees in death benefits and for sick
ness and accidents, the sum OF $3.50, $40, 10
and for RXnenses Shh. NOl 30. lenYinp hal