The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1892-01-22
WHY THEY CHEERED.
The Reading Railroads Splendid
Showing for 1891.

Corporation meetings are not usually
demonstrative, On the contrary, as n rule
such gatherings are characterized by cold
blooded and business-like eticence. 1t
must therefore, have been peculiarly graft
flying to President Mcleod, OF the Readil &
Railroad, when, at the annual meeting OF
that corporation the other dav, the stock
holders applauded the unexpecte, ly favor.
able re. ort of his administration Of their
great property during the past year.
The results accomplished and The gair
achieved in every department of the ON
psnys business during year when other
railroads have barely succeeded IN holding
their own, have scarcely parallel in rail
way history, and constitute n os emphatic
end dorse ment of the integrity and ability OF
the roads present management,
As compared with 1890, the buiness of
the railroad itself for 1891 -hnws an increase
in net earnings of 81 669 2l6.44 and an in
crease in profits OF 81 $40 O38.82 While the
Goal and Iron @ mpany's oJerstlons ex-
hibit an increase of S633 8 3.94 IN net earn
lngs, and total gam over the previous
year of $640 42' 81, max ng total gain, for
the two companies, of 81 $50 462 40.
The net an cunt set aside as profs for
1891 is considerably more thsn doub g thai
of 1890. Out OF this there will be paid the
full interest, 6 per cent, on the first prefer
ence income bonds, and Al Per cent on the
second preferences That the management
did not strain point to pay the full 5 pr
cent on the latter securities is evid nee that
Mr.. Mcleod will not descend TO question.
able methods in order to make good show
ing.
Many interesting facts are to be CLEANED
| from the Presidents report. From it W
learn that the Reading Company is one OF
the greatest land owners in the Union, it,
vast estates, comprising coal, iron ore and
timber lands, aggregating upwards of l94 :
| 600 acres. The Company owns at least SO
pc cent. of all the anthracite coal remain
ing III mined in Pennsylvsnia. The Read
ing is also landlord on very large scale,
owning 2 764 dwelling houses, built upon
it's lands, and for the most part occupied by
miners and other employes.
To operate the mines there is employed a
force of "a, 754 men and boys, and it will
surprise most people outside of the 'region'
to learn that of this number only 9,709 are
foreign born. 2,60O horses and mules, Is
locomotives and 275 mine cars are in use
underground to move the coal from the
chambers to the breakers. Among the
commodities used at the mines annually
are 2 600 tons Of blasting powder, 140 toni
of dynamite, and IF horse feed l50,00(
bushels of grain and 6 200 tons of hsv.
There are 16 1888 men on the rsilroad'
roll these added to the army employed
about the collieries make total of Al 537
to whom were paid for wages during th'
year SIS. .237, 262 40. 1t may be estimated
that fully 100000 persons depend directly
for support Upon the earnings of the Read
ing employees. For supplies of variou
kinds the Company dsburses millions o
dollars annually, and the Redistribution o
these vast sums among the population il
general is suggestive of the interdependen
relations existing between this corporation
and the communities in which it operst +
Altogether. the report is most gratifying
not alone to the holders of Reading securi
rs, but also to the public at large, as dem
onstratng the complete fnsncial as we'll !,
physical rehabilitation of great and i'm
iortant properly.