New-York tribune., 1890-01-18

oihA'"' D"0' - 1144.2s4 Il
sJs.927 SO
-, r,S,, ,a,.,oont shows the extent OF the tranc
VI .v Nvn%1r Of ra.|rrers carried 1ossS717
NumHcr Of t"i' % ITi nbandisc q 900 MS s4l4O4
Total Tonnage n, .:UVg ..gge,. "S and co%panys D
r naII.S nG.dS,on Of operating expenses to trac
ngs 54 per cent an increase oi 10 per ee"' o'e
h+ S ' the grS Improvement in condition Of the
,uDctruetgre buildings ana a and ncsp"naI
eSpenditGres required to make good the destruction
property Occasioned by the eAraogs & "GcTs PcTsnSe ne
resulting consequent partial or total sS
perod it is matter for coneatuatiGn that the pro, pro-
mt This result has only been secured by the most
Iigd and exsctng economies in every department. u
IN" otSfT Clements deserve the attention of stockholders
the general reduction OF the average rates for trans,
TtS cSas1%on on H Of anthracite important
y factor in the business Of yoG5 @s the entire year
ior dSneSc IT. the wn t and like conditions
have prevailed during the present year up TO ts s
s11 g99 th 6a SIc& & su nsay hy aStttd by
a. well as by. the temporary interruptions VI "''"'
the Management rsr has msn11nGn al tamnuns hHs
sac4 3uGtoIS b W in W former condition.
Mrc Secpnd rcoGsi to lne both the railroad and equp
nent ana The coal pr%PFcM Tho to ,Spatrs pGl for improve.
ments TO roadbrd super,tructurc, buildings ana eq M
Tor ndd ais PaIoSe ha @ SeS cssay - remarked in
"qga 'nSn nan wa b rad had for many years by reason
"f iHp M tIllf, dns M been dcpi,cd Of the expenditure
al 81 egeh G suns To,, as e Ty ~ MaSers lt bound BY
ooligatons to the p PIE ana IN the t % m m bc Stand
sdG OF M SSGp1E p6n poon Of thce a, wc
Should be carried forward and distributed over series Of
as holders Of are entitled to interest PAYABLE
S Board Of MaHagSf, Is ADVISED tGat The losses year
whatever uhey be. can no more be carried 1OfWaIu
dens well receive IT, mcas Your Board rgcGGnll & c
work by carying the same TO capital acount bnt %oula
money either to MAKE good losses or, to re.
expended than what was suncnt to bring the propcrte
w to The average coldton o. hrtelsS Ameri,an I3is
that much vt remains f@ he utpr in the S".n woFh OF
i5ng GuantitT and vii sooa Cease to Se burden upon
and increasing amount 9nnuaiy to the payment o. nG i
renewals charreable against Income the COMPANY has
eSGipEeht Stc Which vii b. PROVIDED for out Of tho
means placed in the hand, Of the Company for such pur
whe asssSsios prSpGG s2ggGltu9iigS ,ag
1s,senrer traae @ tr65SPy to Your lines When an
oant and glowae iGaue Of y9pr 'S S fHnqs s nG t
Of Consumption Tor coal and the cites for supply and
dtoqs OF demand bqh the railroad and companies
economy @ and yroat large ncra! over the product fo
er best cncigicS to Ec Vast resources Your
PROPERTIES and Of ncshborhoods tributary TO them
o a. r2pay a. as % nc me 4 Dmal Nil warrant Consistently
= With and cons. rsst,c methods. -, ,.o cou
rady go.9s dstri6s;s 1t: sem S@;
;hat used in local ,ml,ioa from wharvcs Port
ldchmond and accorqnty whcn the condition, OF traas
@ sep At & at Po' 70 a. ,s aTgi6v @ pS- le"%G @ %
lines is not re9ched ~ tde-ws,er ffom i9rt Rthm19d
alliances with o'tG l1r> o. railroad and F sa'a ir1nc
arrangements a, can De nale mutually 9hrh,H & 1 .md m
W continue to be in no fure to preserve to all your
aare TS ' o ,se s' traad pr aid the markets o.
yoic, e sane n be ds,Sburd at an addGac profit AID
Hereby to secur , utmost eTpSy%' % 6b i2 '2r tbo Ea
road ana oa and Iroa ConPanig, ~ he b'i M , tat u
WI az cur security hodg- in I'M. come ti3m a. nay o
o 6e a.5 10 rS n The 'I Ta 'gs yar l the coal and other
tanc company la, shown 81 adv and mcrra.ing
O. C n pctne inc in our territory within recent
IIsibor for anthracite coal thereby lcaehlng marAc. n9
and to u@ end lease Of central Ha
IsS3 and Continued intl December 81. 1856 when
orders Of the Courts, pending the EeceNcrhp
During s Piod tho cpty was GpGraes ,r aGc,ng by TG5
to sioe43l or an annual a,g9iC .,ro9, ,@o 9f - gi
raid during past to the Csntrai cgpon snthiaf,r
iarsS ie( and iacr a.nr crchandi-e and
traffic tributary 70 yolI 2e~ o2mSimg 1na pos idir ~
e,a th,. NO charcc ~hatc1cr ha, nadc he pres
en-, ma"aecncnt In The ba-e Of divisions Of canlng- from
and ta' divisions Of rntes row in forcc are tc sane
NAMED In operation duns the lease while Company
vas mn IN f S9nt2l G@a G GoE acs for handling and
ping coal a. thc Imheihpc DcskS Gong'oi r"r oir
surccnt 10 admit of loading o caas boat, ana r 1ga
water INC docks was rcdnocd ~ to rG2irc & tne
s,rSarc OF. ,he!c docks vas 50 old ard dapdt,d maj
, nccc..ity i eT abaadonHea had been resolved
mon and Therefore airaneencnts "Grg nsnc ] ~ uIn' @
Scw,yoTk BAY which i conveniently accessible % an
ase o o y - soH % sen ~ r tom smons.t the sd
,ontages gained by n" chance was The sGcnrn9 o por
TO" to %iich fli7aHchpor. wa, inacccssbic
og 3 a1s s % of in to from @c.fS Re s9s%c oaG Soo
and caretul ANALYSIS Of al The available statistics shGH
eqpg the year .eshy G not qarc IT, rd4 full tHr P0PsT9@ ,,Sg
on in this Tae DUO propoon WIN Gher tn cGrprst ptst
On sccoaat Of the sooa Of the past sumner we were
s.trcy q: On dgos ,e month vhen ey,as seycra
connections should unqucstonably have
during tho latter months Of tho year We have IN fact
schedules that there has been marked Increase bot,
crchsndisS faic during the year Indicating that your
rS" Iaa are "& Of IT, jane @ di the % c5 S IN 9S% Sc
It :, condercd ba our aycase haps q cin ca'.es
Of trahc necessarily short ana Therefore furnish
Ines Of equal total mileage. This COMPARISON taking
no.e Of these differences l. in every respect most favor
Therefore your no,with.tandlng the falling on
traffic during INC past N'dl' ~ view hI Lhc
impr0, ed condition properties, thelr facilities
and equipment with the opportunity anoiucu ior grFtr
economic, I'm maintenance and transportation eAphs's IN
the future feel bound the opinion tht IN te
contingencies, No business Ol lr en-
viii satisfactory Increase IN boh gross
auG net revenues. ,,...d ..,. o., ,,.o
During past year secur.tlc, OF Ie@,d i.nS oi thc
value 0f -jOz been acquired Nv luichast
at co Of SIS Os = which have been deposited WIN
Trustee OF the cen Ia @ any
which the Company ha, F''e'fu Tf""''V" "''''"'
Mortgage per cent LOnds.
The outstanding securities Of the COMPANY a, ana esfa, IAN
of ifs araDd Contmn reported a the close OF lAs ,t
having been deposited amounting u Fi'i''''V' o.
have been reduced % tJOO .JJJ %;
The Company. during the year niiue ~ nc"s.,ry
0I tie TcIHna RAILROAD t9hHniy dinhi. ~ an
81 Phllddcipha "