Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-03-01

average in each case of $652 Il There
were n, 200 members of the Fund at the
close of the year. The great benefits aris-
ing from this fund are shown in the fact that
1t is now, including the expenses of admin
istration, distributing nearly $4,000 per
month for the purpose of relieving the suf-
fering necessarily arising from accident,
sickness and death among the employees who
have availed themselves of its provisions
The Employees Saving Fund continues to
show its value to your employees in afford
Ing them safe depository for portion of
their earnings. The number Of depositors
has increased during the year from 2, $50 to
3,156; the amount Of deposits received dur
ing 1891 was $378, ,301, and the balance, at
the close of the year, was 1856, 1866 49, OF
this amount, $500, 900 have been securely
invested in four per cent bonds.
The amount expended during the year
upon the Main Line between New York
and Pittsburg. and charged to Capital Ac-
count was g, Oh, ,576 os, the principal
items of which were for equipment, third
and fourth tracks, and additional yard ia
cilities, principally at Altoona and Wallis.
The improvements at the latter point were
brought into use during the year, and, in
connection with those in the immediate vi
cinity OF Pittsburg, have tended materially
to remove the difficulties heretofore exist
ing in the movement of traffic through that
city.
During the year the equipment of your
lines has been increased by the addition of
o. locomotives, 20 passenger, postal, and
800 freight cars, in addition to those pro-
vided through your Car Trust system. All
new freight cars are now provided with the
most improved safety appliances, in the
way of automatic couplers and air-brakes,
and your entire rolling stock will be so
equipped as rapidly as the general interests
OF the Company will permit. Arrange
ments were also perfected through which
one thousand additional box cars were
furnished for service on the Philadelphia
and Erie Railroad, for the purpose of stimu-
lating the movement of grain and mer-
chandise between Erie and Philadelphia.
With the view of further developing the
trade through Erie, your Western lines
have largely increased their facilities for
the handling of iron ore and coal at that
taken OF these Improvements by those
interested in the commercial prosperity of
this city.
Ths Trenton Cutoff alluded to in the last
annual report was completed during the
year, and portion thereof opened for
traffic about the middle of the summer, but
the entire line was not in use until January
IL Of the present year. As the principal
portion of the line was constructed under
the charter Of your Company, all but $780,
900 of the amount expended thereon has
been charged to the construction account of
the Main Line. Your Board see no reason to
change the opinion expressed in the last an
nual report as to the great value of this road,
with the Chestnut Hill Branch, as it is be-
yvil n n
interest of your Company.
There was also expended in the construc-
tion of branch and auxiliary lines the sum
of 81, 325, ,742 IA, of which amount 81 ,002,-
S59 GO were reimbursed to your Company in
cash. One of the principal items of this
outlay was the work upon the Pittsburg,
Virginia and Charleston Railway, in which
your Company is so largely interested, for
the purpose Of enabling it not only to better
accommodate its rapidly increasing local
traffic, but also to secure the prompt move
ment of through traffic between the Main
Line and the Lines west of Pittsburg.
The McKeesport and Bessemer Railroad
was completed during the year, and is now
in active operation. 1t gives your system
of lines direct connection with the large
manufacturing industries in the town of
McKeesport, and will prove . valuable
The Ebensburg and Cresson Railroad,
having been sold and reorganized, was, on
August 6, 1891, merged and consolidated
into the Cambria and Clearfeld Railroad
Company. This line was projected to de-
velop the territory adjacent thereto in the
Allegheny Mountain coal field: quite
large amount was expended during the past
year in the construction of its main line and
branches which are expected to secure a
valuable bituminous coal and miscellaneous
traffic for your system.
The total amount expended for the above
purposes on the lines east of Pittsburg and
Erie, as shown in the statement on pre-
vious page, was $6, 367 ,458 81. which was
not as large as that expended in 1890 for
similar purposes. During the coming year,
however, it is expected that the outlays
east of Pittsburg and Erie will not be SO
great as in the past year, but as it was be-
lieved that the through business of your
Company would require material increase
Of box-car equipment, contracts have been
made for the delivery thereof in the spring
of 1892 The capital required for the lines
west of Pittsburg will be materially greater,
as those properties have reached point
where the volume of their traffic will re-
quire large outlays for double track and in
creased equipment.
The Bedford and Bridgeport Railroad,
having been sold under foreclosure of its
mortgage, on March 26, 1891, was reor-
ganized under the title of The Bedford and
Bridgeport Railway Company, on May 5,
1891.
The Frankford and Holmesburg Railroad,
which had been sold on November 5, 1890,
was reorganized under the title of the Bus
tleton Railroad Company, January, 15,
1891.
During the year large expenditures were
made in the elevation of the tracks and the
of the passenger station in
Jersey City. These tracks are now in use,
avoiding all grade crossings of streets in
that city, and the station will be completed
during the present year, when both the public
and the Company should realize the benefits
resulting from this outlay, in the prompt and
safe movement of the large passenger traffic
handled at that point.
The work of completing the four-track
system through the city of Trenton, which
necessitated the widening of number of
street bridges over your road, as well as of
the large bridge over the Delaware River,
and the building of new passenger station,
has also been vigorously prosecuted, and
will be finished during the coming year.
In order to save unnecessary accounting
and inspection in connection with the freight
equipment Of your system and secure its
more efficient movement, the expenses of
repairing have been pooled since the LIST of
August, 1891. Under this arrangement the
cost of maintenance of all such rolling
stock on your own and affiliated lines, east
and west of Pittsburg, aggreg.ting 123, $40
the various lines according to the mileage
0f the enuiDuent fhsreou Whila IL NAV