Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-03-04
s3.32s,641 70
S83S,6S7 SO
19,229,36S SO
Add amount to credit Of profit and
loss December 81, 1888. ..........
Balance to credit of profit an d
loss December 81, 1889.
o. o 06S,O55 SO

The results shown by the foregoing stateme t. COM
pare very favorably with 1883, notwithstanding the
interruption to your trafic Arising rom the
destruction o. your property by the June flood
siO952, "a 80 as con with sJsos. iSG. 81 for
the year 1883 after deducting from this the
amounts properly chargeable thereto there is a bal
aEn 81 net eos iSg the as year OF
ing S3,2S, GA 10: after deductng the extraordinary
Ing to 81 6O9, 354 So. there was balance remaining
to the eTe q Pro and loss at the emu of the Of
The lines embraced in your SYSTEM both east and
O1 sSFsf ions 81
q S23 aIs Is against tSps
81 these nes 4or thu yss w dhe
Sl229l ,53I .3y. compared with o. 800. 30
i6r lSsS thus showing an encouraging increase oSer
HE Of the securities of other corporations now
held by your Company amounts to Sl09 S:}4, 81 3 2S
and Ill addition to the traffic secured your lines by
these inyestnents. they produced direct Of
sum largely in OF the interest
ON the entire funded obligations of your Company.
years shows net revenue over and above ali Your n
legations in connection Herewith, although The ex
been quite heavy, 1hefourth track between Philadel
phia aud New fork was practically completed with the
ces Of %ew is Limits 81
Newark; At these points the subject Of eevating
grade CROSSINGS; is under consideration with, the
the elevation Of the tracks approaching your terminal
in Jersey City was actively commenced. aud WILL it Is
the desire of meeting the wishes OF the public and Of
the municipal authorities OF the city of Philadelphia
Railroad In elevating its roadbed and constructing
bridges Do AVOID the crossing OF the public streets at
with the city authorities to carry out the policy
Ia distance Of nearly four miles, and thus abolish all
the DANGEROUS grade crossings Oh New York line
quired to make this Improvement " O ~
The Philadelphia and Erie railroad shows increased
pendi1re Of SAD 3D. made necessary bT t ea
floods, its net results would have been more than
on the 3lst of May the extraordinary rainfall before
the mountain range over which your system Of lines
passe caused an destruction Of property
In the Juniata Valley three of the largest and most
recently been rebuilt were entirety destroyed, to-
the western slope Of the mountain in the Cone
dn m
systeln) gave way, and completely destroyed your
eral large bridges aud ali the machine FOUND
houses, and yard facilities at Cgnemaugh foot Of
it was almost mp to TX the loesonp formerly 1
Sy the
cars, "a locomotives. some of the latter nothwith
BY Of Ss 81 %
was appalling in its magnitude. yet it was more than
property in the manufacturing city Of Johnstown,
SHORT danSe below sEs in the same BAILEY
Man Line many Of the ,arsest and most
tireiy DESTROYED, while ON tue Elmira and VILLAINS
port line tleased to the Northern Central Railway
bridges, were washed away.
The total amount expended to December 3lst 1889,
TEN s3,475, 435 .Ol, leaving still q considerable
a 70 os shpendt 70 restore It to It's original con
from the suspension of traffic and the serious inter
thereby. u ''"' 'A'''' ''''s" 'Au'ea
The services Of as many of your officers and en-
both east aud Of Pittsburgh were concentrated
nigh. and DAY upon the WORK Of repairing these dis
movement OF trathc was resumed within eight days.
skill energy and unrenittins devotion to this work.
to which Is largely due the fact that
asters Which Lad overtafen them. ''' TIC SERIOUS us
The funds for the expenditures properly chsrgeabe
repair Of the damage caused by the June Hood were
and by the sale securities belonging to the Company
Provision also made TO additional equip
fa.
ing september 1st 1914. and secured by q SPECIFIC
Inc Preira Of the debt due 70 the state q Pennsyl
which charged to capts secoans was P reduced
during the year BY t6s payment OF S4o 3+l &C. leay:
upon tins deb. win be made July siss 1870 'A'eN'
Under IND the provisions o. the eon.oda,ed mortgage
July last. the income, s324 800 as Shilling
By that orsse A. tseS msrast value WA:
t9o nigh to permit Of their purchase that amount was
for investment under the terms OF the trust.
There are now " the sinking fund. for the redemp
| ing the United New Jersey karoad and Canal Com.
pany securities OF the par value OF IS 664 600 and
cash balance uninvested by the trustees, Of &54,.
ing the past year. e5,S66000 Of the outstanding siz
van SSS e that fell due i Psss,
total 81 20 which were provided for by The
gage OF April 2Oth 1871 The securities held for the
redemption of the above matured loan surrepd.
cred TO the Company.
The trustees Of the sinking fund for the retention
OF the trust issued for the purchase of the
shares OF the capital stock Of the Philadelphia, VII
mineton and Baltimore Railroad Company were I'M
able 10 purchase any certificates during the last year
at the limit hxed in the trust agreement aud there
fore returned TO your treasury the amount sppropr