New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-11-27

The arrangement with the Pennsylvania Coal
Company will provide 900 new cars But even
with this addition ii is evident your equipment
Will be inadequate. More freight and passenger
cars should be provided during the year 500
Twelve locomotives have been contracted Tor, de
lvcrablc in December, Ss9
Tie cn"rmous expenditures by rival lines for
additional equipment and increased facilities have
forced upon your company OUTLAWS, though OF
smaller proportions, which had 10 ne met or your
company notwithstanding all II had done IN me
raSt few years in this direction. would nave lalen
far behind in the effort to secure fair share OF
the large and constantly increasing DusinesS trlD-
utary 10 the trunk-lines.
IL J. admitted ut the outset thar II is no pur-
pose OF your Beard 10 attempt 10 follow the system
Of large expenditure OF capital by some OF the very
wealthy and most prosperous railroad corporations
OF the country, especially rs il is understood that
some OF these vast expenditures have been disap-
nOinting in their results In the opinion Of your
Board such policy would he alike unsafe ana I'm,
WISE, but il would he serious error TO stand sui
and continue 10 lose as the company has lost re-
Gently. large amounts Of trgfc because OF made
quate equipment and facilities.
In the judgment of your Board II wouh ne
most unwisc to contract obligations 10 provide
equipment for the maximum Of business, Sucn MS
Exists in The autumn months, and hove much OF
~ IDLE the remaining min" months. Some medium
course should be adopted and every effort made
10 distribute as equally as may be the business
over the twelve months Of the year. In pur.
>nance cf this view your company mas adopleu
some plans in reference 10 the coal trade whch
nave produced good results ara still better results
are promised in the future. Your company, IN
order 10 meet these difficulties, in part ~ least
has provided NJ Buffalo and Piermont facilities 10
store az a minimum cost large quantities OF coal
and bring il 10 the storage ground ~ such times
when many cars would otherwise he idle. and Keep
II thcre until the drmand for il arises. The effect
is 10 transport coal when it can bc done most
economically and sell IL when prices generally rule
highest The cost Of these storage facilities which
have beer provided was 81 S7l 46 10 September
20, and il is intended 10 cXpend about $50 o0o
additional for the same purpose. The final paw
ment Of S46,9lj 90 was made on account OF the
partition Of the Lehieh docks at Buffalo. com
retng tho title Of this company TO that property.
N expenditure Of ST. AIS - was made in increas-
ing the caDocty Of Blake deck for handling coal.
This, in addition TO the expenditures 1T FIRST Buff
talO. provide a storage capacity Of 100000 tons
NJ that terminus. These expenditures are charged
10 capital.
The general merchandise frcigh movement gives
q total of 5.10G,9S6 tons. or 131 .563 tons more
than in the preceding year. while the coal tonnage
~ 9,377.14G tons was s21 "A tons less than IN the
preceding year. The passenger traffic shows
remarkable growth. giving 10.l07.3O6 last year
against S,5i3.6S4 in the preceding year-a gain OF
! .563, 600: OF the increase 4G.6S2 was through
and 1,j1 $40 local Subioined are the compari-
sons Of three years: