Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-03-04

strpetion and repairs in 1889 all lines owned con.
or operated by your Company east and west Of
GENERAL REMARKS.
There has been TO the Managers Of the
5rs a created october 9TH 1873, to December 3lst
therefrom Of s6isai3Ss has been e invested wee
an interest of 4-lo0 per cent for the year There
was TO that Trust for the 1889 the
The assets Of the Insurance Fund on hand at the end
Of the year were $2.2s5.44l.50, being an increase
Your Main Line between New YORK and Pittsburgh
as Wei as the lines under the charge of the Pennsyva
Erstyng increase in both their f.eisht and pas
senser trafhc The volume of traffic .as now become
ply adequate facilities therefor and properly serve The
I dependent on your system by the
most matters that claims the consideration
bs Usst @ Year. ne snre annual expenditure for
may be approximately estimated at ten millions OF
trial development of the country this Outlay viii n
doubt increase in the future
The securities that are held in treasury can to
as they must generally be held for the purpose of
your system, it therefore becomes necessary 10 adn
ally increase both your share capital and funded in
DurnE the past year there was Expended upon
Of @ G New r1rk and t1ltsb9rgh the SUM
for additional third and fourth tracks yard facilities
largest and including extensive purcha,es of prom y
IN the city OF and at other points
on the line About the same amount will be required
The new locomotive shops at Altoona have SO far pro-
die of the year Large expenditures we're also made
at Walls about fifteen miles of Pittsburgb II,
report OF establishing yard for the transfer of trac
between our Main Line aud your western system aud
together with the new bridge over the Ohio kyer al
will be ready for service before the close
There was also expended in the construction and
81 pss tns sS@
to your Company IN cash. These expenditures were
avoiding grade crossings Of streets in the city 81
Philadelphia; upon the Pittsburgh, Virginia and
ana proSns double on he 6T real
sylvana Railway and in the Cleareid coal region in
schuyikill Valley Raiirosd in extending the double
track and sadns to n Al q these
ritory tributary thereto. and thus increasing its
An opportunity having offered during the year to
81 ayoT R pr,es large tract Of water
deemed advisable acquire the same and Construct
branch thereto from Newark, your New York
iSo e and baei to on ihs Ses f0rf Bay q
halt, and will it il confidently believed be Of great
Arrangements have been made for the extension of
the Downingioyn and lancaster Railroad to cOnnec.
the fine AGRICULTURAL district between Lancaster ana
The trafhc now passing through your yards at West
phiadeHhs destined =, to points east thereof has be-
ent Of that destined to PhiIadeiphs and nj iaoent
the New YORK mean ne rnen
ts,s
try on the same maximum grade AS that prevailing on
Iography Of the country and the valuable property
the
arising from the saving Of distance and the avoidance
phia viii more than repay your Company for the out
L..
of the interest upon its bonds suffered
previous Of this report Many miles q this canal
entirely S t but they xe a The mGs nm
pany deemed it wiser to abandon the same. than to
funds BY The P.nnsy
vanis Railroad COMPANY to repair the more produc-
upon s is Sonds Win
competing railways. which carry the trsfc At very
Ox sway 20 that the q is IN
all probability equal its revenue. leaving the re-
So your Company maturity Of the bCnds
aSs r The EmpOyss Relief Fund
81 Tor opersinE expensss .nd x asdssop
the e. ns iSh S.a
over WHO mefs tesre,oEs longer
and the receipts from interest were "a "a
msas ~ s1s
This added 70 the balance ON hand at the beginning Of
s sSi hsrs va :d e ~ sa.s q
in death benet and for sickness and accidents the
sum q eS45 56s. w for expenses e56.02l. 81. and
transferred 70 Relief Fund surplus account o170.-
7SS leaving balance Of q 20 l56. 80. After de-
ducting tnerefrom the amount OF outstanding unsd-
reserve, for increasing ages Of of 755057
The number OF persons receiving death benents yas
.sas n q Ss q
Of the year.
The Employeg esvingFund continues in successful
operseon and during the year Of your employees