New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-03-02

amount new steel rails ureu III
ton and rers IN 1891 all lines owned, controlled anu
operated 10y your Company and Of Pittsburgh "hs
92,69 tons.
GENERAL REMARKS.
There boon paid the Managers of the Trust created
October 9th 1873 TO December 3lst 1891, the Of
~. 50 1928 the income tberefrom amounts "a
% 600 505 r. and securities purchased amount
Ing at bar to s7Gs6.O00 yielding interest of sos
per cent for the year. There appropriated TO that
Tru.t for the year 1891 the Of s9s, G22i2
In pursuance Of powers conferred by the provisions
Of the Trust the Managers authorized by the Board
OF Directors, April sth 1891. whenever. in their judg
m Il should be u the ntete.t Of Tie Company 80 TO DO
Trust Tor securie the principal and interest
dividend upon which i guaranteed by thi, Company
held tho Trust provided that e proceeds hereof
Sgs1 asaa sS 9I ns 'i Tho etl rorts
falling due and the moneys received therefor had neces
"S t. 30 " & in GsS Fans o hand M s end
The year were s. 49, being an increase over tao
eS 5 a the E% R d,n Ee sae Fund
ssoso9l tr Operating eSPnse aid IN addition th.rstS
s Fund Whose o. ao ad Va over 70
and who We're therefore no LONGER entitled 70 ,Ssuar
employees was sos 2e aSd the receipts from interest
wers mhh with .as se1rouSns BY the com;
ZOO o.. III. added sSs
o. 'Sna ~ .
Of $50 s9a' tod a for s S3d 'is a8as s
q sS5i7ole with which 70 adjust outstanding claims
@h@ a "a or1ge , IN saGS 's re- sSZ m There T TIRE
beaeats arising from ms fund saoMn n the feet
that Is now including the expenses Of administration
syns So sdrns 2cSesary O sr,ng from cSdcn,
them cly,s Of is proSislons.
a s IS s Esnd them se ssT ~ o
portion Of their earnings The number Of ecpositors ma.
deposits received during 1891 was 1875 Sol hs bal
| No m
cent; bonds 49,, ,.,.. -. 49, .... ~. Mai,
Tn SSs S Sd S Ssa and I' 51g
capital Account Wa - ct+5,o9s M PRINCIPAL TIN
additional yard facilities principally at Altoona and Walls
use during The Year qad nnee,icn win ho.e in e.
immediate vicinity 81 Pittsburgh have tnderd materially
remove tn dlfoute. heetofoe existing IN the move
Of traric through that city. H.. 49,. -.
Increased BY addition Of . ocomGtl.Ss 70 passenget
d tar as Your ear Trust system al new freight
now provided with The most impioysd saf,y ai
aud YOU. rolling stock VIII b. equipped a. rap
y a s s" %sr sc Tee SSa W" Witch '
eS on add2 SS sS "s and , Erie R IT,
road for the pTTlSr SMa1E c ans Pbs
dSpha With the view Of further developing the trade
ir S ySTi the ssads OF IRON S'c ard
Iort and i hoped that aiyAntase VIII o., taken o teso
The frrnon Cutoa alluded to in the last annual report
completed during the y,ur and portion thereof opened
for te about the md Of the ;Smnc H. but se eHte
As principal portion OF the line constructed under
| charter Of Company, all but -lor 600 OF us
amount expended thereon has been charged TO the
To change the opinion oppressed N the a,t annual rePor
the great value Of this rO, ana steps NV Den t'l
TO with the Chestnut l Branch a. 10 II De-
cvcd that such extension VIII b" TO ue interest OF your
COMPANY
There also expended In the construction OF brunch
and AUXILIARY lines The OF S2.S2S.7t2 II, OF which
amount 81 COZ sjpGS reimbursed To your tomplhy
I'm of principal items II this outlay was
hc vol un,n the PttsbrAh vi gnil ard hlre l.
wav In Which ynnr Company il 80 largely Interested for
tho nurpo,, of enabling IL only better accommo
date it, rapidly ncr,ng local tralc. hut also to secure
the prompt OF through traffic between the Main
Line and the Lines west OF Pittsburgh
The McKcesport and Bes-emcr Railroad was completed
during the year and Is no" IN active operation III gN''
your system Of lines direct connection wan me iafga
manu- acturing industries the town 81 Mchec>Vort, ana
will provr 4 valuable addition to your property
The Fbensburg and Crosson Railroad, having been sold
and teoryaniy,d August 9Th 1891, merged and
"HsotoaI'1 into the Cambria and Clelrheld Railroad
ono.n" ms hin. was projected TO develop the terri
nv ad,cent thcnto IN the Allegheny Mountain coal
enid LARGO ,mnuut during the
-. g., ,ho con strue,on of It's main line and bnsnchc,