The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-05-15
NEWS or THE RAILROADS.
The Cauadiaa Pacific Makes . Favorable
Report oA Its Business for the Year.

l
year was highly satisfactory. Tho figures are (:
Gross earnings, t1503O,660; working ex-
! penses, t9,O24.6Ul; net earnings. t6.OO6 .O59 :
| fixed charges &3,779.l32; surplus, t2226, 1876 ;
surplus for year after payment OF supple
mentary dividend. 81, SIC. 026 surplus from pre-
vious year. S326423; making total surplus
carried forward. tl.903,950; increase In gross
earnings over previous year, tls35ll5; de-
crease in working expenses, $3O0,959; increase
In proflts. $2,230,2S5.
The report attributes the decrease In work.
ing expenses to the large expenditure made
| for Improvements during the past few years,
and indicates the intention Of the directors to
continue the improvements with view to the
| further cheapening Of the cost OF operation
| and expresses the belief that the proportion Of
working expenses to gross earnings Will soon
be brought below SIS per cent
The directors, In the report express their In.
tention to continue the dividends at the rate Of
five per cent. and their belief that there will he
| no difficulty in maintaining this rate The re-
port expresses the belief that there Ia no good
ground for anticipating hostile legislation at
Washington and.that body like the Congress
OF the United States Is not likely to be moved
to such course by false or exaggerated state
| ments concerning the actions or pol Icy OF the
| company emanatlnR from persons whose sole
The The shaPehoders have authorized the dice.
tore to proceed gradually and as circumstances
G o sho ro sons
| was unanimous thoughont. At ubseluent
ct and ST. george sep
| en-. Sir Donald A. Smith. aud Richard b. Angus
| were reelected members OF the Executive Com.
mittee.
These directors were elected at tho annua!
meeting OF Stockholders OF tho ST. Louis and
George. GoppoIi' Isaac +. Gates. Waller
Huntington. Henry X, McHarg, Henry /. lfor.
ri. Horace Porter, Jesse Seligmap, Russell
i9%.' All were memTsrs Of the board except Il.
X McHarg. II. I Morrill,; and Henry SeliSman.
U fH and ne john Pato G T. '0nn
The gross earnings for. 1889 amounted to
Sc O52 950.6s. an Increase OF t279,699 over 1888:
0ss earnn aRa ssi
paving fixed charges, $27Q, 552.99. After paving
s276.9G7 81. which was made up out OF the sur
The Atlantic and Pacific Railroad Company
cisco the 81
az an s esq., II satisfaction OF claims to tie amount
The tonnage handled last year was l.53O.22s.
passengers carried numbered l,lSo.ll9 com
pared With l.O92.925 the year before. The
during the Year nearly all the old bridges were
replaced with substantial iron and stone
structures.
The trunk line general messenger agents
the s dvson sccoTd
to pool all three classes Of business.
The New York and New England road has
been bringing freight from Wilson's Point on
in connection with their trains between Nor
walk and the big depot at the foot OF jefferson
W. F Brown succeeds R. B. Whitney as East
err passenger agent OF the Big Four. with an
office at 2S7 Broadway.
Tho Chicago Burlington and Quincy an
rate to St. Paul from Chicago would be REDUCED
to IS. The present ratio is IS first class and IS
S 30 II on Of soa 81
ways between Chicago and Missouri River
points and between Chicago and st. Paul.
Upon request Of General Passenger Agent
Sebastian Of the Rock Island Railroad meet
Ing OF Western general passenger agents was
held In Chicago Yesterday to try and find
solution q n, The nsss;sngeI complications As
nothing was accomplished.
and Quincy cut to Kansas City and other West
Wichita, Kan. Other roads viii follow. '''1'
A Burlington. Iowa. despatch says the Iowa
Railroa Commissioners IN, session here yes
ion citizens, charging the Burlington. Cedar
kapids and Northern Railroad with violation
ii Ss Goas anS Ghess6 aoad IN ES
rates to northern points In Iowa Figures
from printed freight tsEifT q tho company
The railroad company made no defence only
TO declare that the law was unjust. The Com
missioners took the matter under advisement.
The directors OF tho LehGh Valley Railway,
i mS and VAN TttenSile H sTay ana mat tho
Buffalo yesterday and consolidated the three
companies INTO one. upder the CORPORATE name
consolidates under one management the line !
now IN operation between Buffalo and Lancas-
already been begun. from Lancaster to Geneva, |
aud The line from Geneva to Sayre. Pa making |
asacrs %ss Of eesd s9aa Of of
Of the Lehigh Valley Railroad, Is President OF |
the now company.
number OF prominent railroad men were
Yesterday to EXPRESS their views upon The sew.
eral bills referred to 1t in tended to compel rail-
road companies 70 eqnip their freight cars with
i. Roberts. President OF the PENNSYLVANIA |
RAILROAD, protested against tho adoption OF
Was that after a corporation had expended
millions Of dollars In fulfilling the require;
to bo tho best NIGH, prove to be entirely made:
4uate or unfit for the work. in which event all
the ,Ss TOSs OS S o eo HE ss
with both brake and coupler.
Theodore \. Ely. general superintendent OF |
motive power on the Pennsylvania RAILROAD. |
said that II the principle contained in the bills |
were enacted into law 1t would not neressa-
rily 10 an improvement on the present condi- !
ton OF Things for tho reason that some roads
might adopt brakes and ,couplers fully filling
hS moS than the ~e 6a
pin and hand brake. To-day the Now
the adoption Of, sanord's, draw bar, dis:
years aso as dangerous: The best best Tyre q au;
tho link and pin coupler' hut but most Of them
hnilroad has 10000 freight cars. about len per
cent Of its entire number. equipped with
power brakes and auto -cOupleIs. and In about
this proportion The entire freight equipment OF
tho country Is provided with those appliances.
C. W, Buckholtz. chief engineer OF the New
York, Lake Erie. and Western Railroad. said
that SINCE 1887 Is per cent. OF the freight cars
on the Erie road had been supplied with power
1883, 3Ol had power brakes: now 5lS out OF
s?7 were thus provided. Before uniform tyres
OF coupiers were adopted II was necessary to
have uniform standards OF gil classes Of cars