Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1892-01-23
READINGS srockAoLpeRs.
why they Cheered-The Road. splcndi
Showing for IRat Year.

showing for LRst Year.
Corporation meetings are not usually
mOnttrative On the contrary, as
rule, sush gatherings are characterized
by cold blooded and business-l like reu
cence. II must, therefore, have been
peculiarly gratifying to President Mcleod
Of the Reading railroad, when. at the
annual meeting Of that corporation the
other day. tina stockholders sppleuded the
unt xpeetedly favorable report OF his adj
minis .ration Of their great property dur
ing the past year
The results accomplished aud the gains
achieved IN every department Of the com
psny's business during year when Other
railroads have barely succeeded In hold
inc their own, have scarcely a parallel In
railway history, and constitute q most
emphatic endorsement OF the Integrity
ard ability Of the roads present manage
ment.
As compared with 1890, the business
Of the railroad itself for 1891 shows nv
increase III net earnings Of 81 669.2l 9 a.
aud an increase In profits Of 81 $40, OBS 81
while the Coal and Iron Company's op
prations exhibit an increase Of
633. 1923. "a in net earnings, AND toia
prin over the previous year Of
| SG40 .423 g., making total gain, for the
wo companies, Of SO, 1850 462 40
The net amount set aside as profits for
| 1891 II considerably more than double
that OF 1890 Out Of this there viii DC
paid the full interest, 8 per cent, on the
/ frst preference income bonds, and A pen
ent. on tie second preferences Chat
the management did not strain point t.
BAY the full per cent on the latter
securities is evidence that Mr. Mcleod
| viii not descend to questionable methods
III order to make good showing.
Many interesting facts are to b.
cleaned from the presidents report
From It we learn that the Reading Com
pany is one Of the greatest land owner
In the Union, It's vast estates, comprls
iug coal, iron ore and timber lands, ag
pregating upwards Of 1874 600 acres. Tb
company owns at least so per cent Of al
the anthracite coal remaining unmined i
PENNSYLVANIA. The Reading Is also
landlord on a Every large scale, owninI
7G4 dwelling houses, built upon /,
las os, and for the most part occupied b
miners md other employees
10 operata the mines there Is employe
force Of "a, 754 men and boys and it wi
surprise most people outside of tn
region to learn that Of this numbe
ouly 9, 700 are foreign born, 2 $50 horse
and mules, IS locomotives and 1871
mine cars are In use underground
move the coal from the chambers to II
breakers Among the commodities use
at the mines annually are 2 GOO tons {
blasting powder, 40 tons OF dynamite
and for horse feed 250. 600 bush els
grain and 1900 tons OF hay.
There are 16. 1888 men on tia railroad
rolls; these added to the army employs
shout the collielies make q total
Al, 52T, to whom were paid for wag
Z during the year SIS. 237 S627 20 II mi
be estimated that fully 200, 600 perso
depend directly for support upon &
IS earnings Of the Readings employs
% For supplies Of various kinds the col
70 psny disburses millions OF dollars annual
d ard the redistribution Of these va
II sums among the population in general
u suggestive of the nter-independent
,e lsions existing between this corporate
re and the communities in which It ops
ne ates.
10 Altogether. the report is most graft
ing. not alone to the holde g Of Reading
euritiss, but also TO the public At large
demonstrating the complete financial
Of veil as physical rehabilitation Of 9 gr'
ID ard important properly