The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-07-01
HEHS OF THE RAILROADS.
An OmcIaI Explanation OF the Atcbiaon's
Increase In EarnInga.

Increase In EARNINGS
Boston despatch says that vice-P President
Reinhart OF the Atchison Company in reply to
questions as TO the causes Of that company'S
phenomenal gains in gross and net earnings.
said: During the past year the AtchSon has
not constructed one mile Of new railroad,
which means that the efforts Of the manages
ment have been directed entirely to operating
what they found whom they assumed charge Of
tho property. This meant the retention OF the
traffic belonging to the old lines Of the Atchi-
son, much OF which had been diverted to
other roads, and the gradual and the sure de-
velopment of the three thousand miles OF
new lines. many of which were located in
a virgin territory. This insured increase
OF gross earnings. During this period
there has been absorbed into the Central man.
agement OF the Atchison Company the general
office management of eight imporl ant railway
lines Those familiar with the necessarily
heavy expenses incident to the maintenance
OF the general office OF a railway company. with
its separate corps Of general and traffic officers.
It's office rents in large cities. and its numer~
GUS other current items OF expense. will read-
lily appreciate the results to be gained bv con-
centration OF management and discontinuanco
Of the separate offices. This absorption means
also more economical. efficient, and prompt
working OF trains. Abandonment OF terminal
differences and more satisfactory and intel-
gent efforts in the procurement OF traillc.
broadening the SCOPE Of the officials Of that
branch of the service. All OF this means in-
crease OF net earnings.
There have been no sacrifices whatever Of
plant or rolling stock. 1t is we'll known that an
important part of the hoavy floating debt.
settled IN the reorganization of the cumpanys
the purchase OF a large number Of the LATEST
improved locomotives and passenger ana
n a aEiP
Just closed. Along with the money thus saved
from car repairs. beyond tho ordinary running
repairs. the company has applied large sums
to continued Enforcement in Its track. which
Is well known TO be in fine order and ranks with
The management Of the st. Louis and San
Francisco and Atlantic ana Pacific roads not
pany until June any suits to lie had from rhe
utilization OF the directors OF these properties
a,e not. OF course. reflected in the Atchisou's
May statements or III previous statements"
A charter Of incorporation has Just been is.
Affairs to the so-styled Pennsylvania Midland
Railroad Company Of Scrant on, which is or
sennsp W Is for be % Of bud
ing piece OF road between the New YORK.
susqnehanna and Western Railroad Com;
panyS western terminus at StrOudsburg and
the city OF Scranton, a distance OF about forty
five miles. Scranton, In the heart OF the Lack
the su;SquehpPnnq and Western road. It is
company there can be effected n considerable
saving in the distance to be travelled between
Scranton and New York as compared with tho
present indirect Delaware, Lackawanna ard
Western line: 1t is surmised, also, that the
Delaware and Hudson Canal Company is not
Indifferent to the undertaking, If it is not in
fact directly concerned in It., The building Of
the proposed link would bring the Deawar0
and Hudson and the SusIuehanna and West.
ern lines into immediate connection. and q
cordial alliance between the two companies in
the coal traific would be OF grent advantage to
both. 1t Is given out that the new enterprise
is backed by plenty OF capital
The extension OF tho Harrisburg and Poto-
mac Railroad from Bowmansdale to Harris
burg f. being pushed forward. and will be
completed about Dec. 1. 1881 1t will make .
through line from New York via PHILADELPHIA
and Heading through the Cumberland valley
to Baltimore and Southern points.