New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-02-28
RAILROAD INTERESTS.
PENNSYLVANIA OFFICIALS IN BALTIMORE.
ATTENDING THE ANNUAL MEETING OF THE
NORTHERN CENTRAL.


baltimore. Feb. 81 CspcciaD.- President George D.
Roberts, vicePresidents Prank Thomson. A. j. Cassau
and ]. N. Dubarry and other officials Of tho Pennsy
vsnia Railroad Company came over from Philadelphia
special train to-day TO attend the thirty MIN an
nual meeting OF the Northern Central Company Thcy
also looked the proposed route OF the ccvatea
railroad which the Pennsylvanis has had On con-
temptation for time. The new line TO sparrow
Point and the great steel and iron works ther OF te
.psnnsylvania Steel Company were also inspected
The annual report Of the financial condition OF the
Northern Central. submitted at the annual meeu"s'
shows the net earnings for tho last year 10 nave poem
eio44356; the gross receipts. S6,O69.9o0' operating
expenses s4,Ie55o9. In comparison with 'he SeH.
1898 there decrease In gross oarninss VI
sl33a3 49, equal to per cent, and an Increase In
expenses OF 50 oO2 ,62s. TsIoO per cent, resuhs
IN net decrease Of net earnings OF sloo'soH Ao' VI
7.s4 per cent. in addition TO the net eaInne,
sie44358 81, there received for dividenos my
interest sl9i,4o4; interest on equipment, soi'oi '
interest general account and exchange s1io % on's
An. tron the YImlra and Lake ontario RAllrosd
07AI3I 90; contribution for operating the Einira A
Canandaig,a division from the Pennsylsshis hsnVe
Company, els.3lO.2s1. making the total ne' rece'P
from these sources s2,447T25 os Inc smoun' y.
grain received at the elevators at canton Wa "a,
bushels an Increase Of oo02.160. as compare" VIZ"
1888 The passenger business for the year SHOWS ~
increase OF mileage OF STA per cent ana the rvehuo
received thercfrom INCREASED 800 $50 TO- OF $50 pvI
cent There was q net\prcf per passenger per hllio
OF 3os mills. The condition OF the motive power was
fuly maintained In consequence OF the steaaiiy In
ercsse traffic additional tracks. engines ana shop
facilities will be required in order to reduce inc cos'
ana secare the effective movement OF the usinc'
President Roberts made q statement regarding the
baltimore and Potomac line. or Washington ors"'h u
tina Pennsylyana to the effect that the gross earnings
az that road continue TO show steady Improvement
,, I'm consequence OF increased operating expenses
oue Iareely 70 want Of adequate terminal facii'ie'
at Washington. its net earnings have decreasod' III
order 20 retire the present funded dcbt Vi t'o 'o'
iany, and to provide for necessary ternh"i h'P'0'0
ments the stockholders authorized consolidated mort
gage 10 be made Ia the safe Deposit and Trust Com
pany of baltimore for tho sum Of Slo.ooo'ooo of
these bonds there bean set aside s4,ooO.ooo u
met tbe existing first mortgage debt. and *3!ooooV
APPLIED 20 the extingui>hmcnt OF the Income bohuS
and accrued interest thereon. This leaves S-'ooVV'"
in the treasury Of the company for its fnturS uses
The report was accepted. These gentlemen were re
scct4d directors OF the Northern Central George b.
Roberts Wi>tar Morris, George small, - n. uuWnn'
SOP. u. +. Newcomer, John p. Gren Harry wIi'eTs'
Henry james. J. " Dubarry, Louis w han Il, -;
iarsnns and j. d. Cameron. Tho directors orcanlxco
by the elecon Of GSorse B. i sCSss Er Wss
secretary; and John :. Lcib, ticasnret'
URGING ACTION AGAINST THE UNION PACIFIC.
Washington Feb. o1.-Reprsentatve Anderson OF
Kansas 10 day appeared before the House Comuiueo
on Pacific Railroads 10 urge iavoraole acuoh upon
his hill 10 have foreclosure proceedings Institute"
against the Union Pacific Railroad company anu
have the railroad placed in the hands of Govern
mont receiyer Mr. Anderson said that the whole
West and especially Kansas was deeply interested IN
the subject rs that section had for years snnercd
from excessive freight rates and railroad combinations
10 bleed tho people. lie added that he farmers
Of Kansas received only Is cents per bushc LOT 'o"
Nhch WAS afterward sold in New York for 90 cents :
ord ,h,s low pr,ce. which wa> caused by enormous
Sricht charges made IL impossible for the farmer "
market hi, crop at profit Mi. Aoersw ,, az 70 The
I've e(lstcncc Of the present state OF ahaiN 10 us
mecbInations 81 jaw ,,ou!d. whom he characterize,
As the brightest this country had ever P'ou"'0