The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-09-28
GENERAL NEWS
OF INDUSTRIES


railroad yesterday for the year just
ended President Fowler said:
The revenue derived from anthracite
coal traffic for the year was SSl7, 335 great.
er than in the preceding year. The coal
tonnage for the year amounted to 1,642,-
O6S tons as compared with 1852 225 tons,
an increase OF 2S9 S3S tone The ability
of your company to successfully
handle and distribute this large ton
mage has been fully demonstrated. Plans
are now being considered of rebuilding the
old Oswego trestle, thereby increasing its
capacity, so that the tonnage of the Della
ware and Hudson Canal company shipped
from that place may be handled over a
separate trestle. Your company owns all
The stock Of the Ontario Carbondale and
Scranton company and also its bonds,
both of which have been deposited with
The Mercantile Trust company, trustee,
as additional security for per
cent. refunding gold bonds Of the
New York, Ontario and Western Railway
company which in 1890 entered into a
formal agreement to lease the railway of
the Scranton company at an annual rental
OF SI5, 600 and per cenr. Of gross receipts,
besides an annual allowance of $50, 900 for
maintenance Of a separate corporate eX.
istence OF that company. The Scran-
ton company for the year showed
gross earnings of $685. net earn
ings, SlSS,3 fixed charges, Sl03, 436,
leaving net income Of SSi, 9?2 The net
income derived is but small part of the
revenue received through the constrlc-
tion of the Scranton line, as a large and
profitable coal traffic is delivered to your
company at Hancock junction to be dis
tributed over its main line and branches.
NlnF1nT M cTn w Q
taken on the property Of the West Ridge
Coal company for Sl20,00). A new iron
viaduct has been constructed over Lyon
brook, near Norwich, 5000 tons of steel
rails, weighing seventy-siX pounds to the
yard, have been laid at various points
during the last year and the greater part
Of the main line between Cornwall and
Rockland is now laid with heavy steel,
either siXty-seven or seventy-six pounds
to the yard. Your company owns 1877
locomotives, siXty-seven Of which have
been purchased within five years, and
the general condition of the motive
power, has been brought to an excep..
tionally high standard. The number Of
coal cars in service is 4,637, of these $3.50
Lave been acquired since the Scranton ex-
tension was undertaken in 1889. The COM
pany now owns 3,2S7 coal cars and 1 $50
cars are held under lease OF 1891, having
cost S412, 321, of which amount $24l, 726 has
already been paid, leaving a balance to oe
paid within the next four years Of $780,
COL.
The following is the monthly state
ment of the business of the Pennsyl-
vania railroad company: All lines
east Of Pittsburg and Erie for August,
1894, as compared with the same month
IN 1893. show an increase in gross earn
ing of $267 ,07S, decrease in expenses
of S137, 236, an increase in net earnings
of 5O4, Sl5. The eight months Of 1894
rs compared with the same
period of 1893 show decrease
in gross earnings OF $S,162,SS4, a
decrease in expenses of So 580.
$780, decrease in net earnings of 81, 52S,
l25. All lines west of Pittshurg and
Erie for August, 1894 as compared by
the same month in 1898 show an in-
crease in gross earnings of $152, 301; a
decrease in expenses OF $117041; an in
crease in net earning OF 269 1872 The
eight months of 1894 as compared with
the same period OF 1898 show decrease
in gross earnings OF $j,09S. OBJ, de-
crease in expenses of 1916, j11 de-
crease In net earnings OF 81 4S2, 51S.
the statement of the Philadelphia
and Reading Railroad company for the
month of August, 1894, shows gross re-
ceipts OF 81, ,7S9. 665 ~, expenses 81, ,O09,-
057 30, leaving profit in operating Of
STA, COZ, 70 Net receipts from otner
sources were $23 S92G7. thus making
the profit for the month sos, ,50040
From this the following deductions
are made' Equipment payments,
SlO4, 971. 30; terminal trackage, $50
700; improvements at Broad
street and Lehigh avenue
$lS. 423 90. one twelfth of current years
fixed charges (estimated) sos, 900. max
ing total Of 1878 29j A. and leaving a
deficit for the month of $40, ,895 o.
For the corresponding month of 1893
the surplus was $30 061. "a The do.
ticit to date for the current fiscal year
ls vi 2g6, 545 SO. an increase Of $242.-
9B4.O1 over the corresponding period Of
1893.
Twelve years ago ia. R. Brown, gen
eral superintendent Of the Fall Brook
Railway company, introduced .on that
road what is known as discipline with
punishment system" with the best re-
suits. Recently F. G.. Darlington, su.
perintendent of the Indianapolis divi.
sion OF the Pennsylvania lines, has in
troduced this plan, says the Journal,
intending, he says, to give it a good
test, and every employe who has been
disciplined this month has been given
the benefit OF this plan. In each case
evidence is taken and the sentence Of
suspension. thirty or sixty days, as the
case may be. according to the rules
OF the company, put on record; the
sentence is then suspended, and the
full report of the examination is placed
on record, as each offsnse may come
up, until such time is reached that
the record is so bad that the company
is justified in dismissing the employe.
AS far as explained to the men and
acted on by Superintendent Darlington,
the employees express satisfaction. For
instance, should switchman misplace
switch and an accident occur, the
record is made out, and il such q thing
occurs again dismissal is likely to fol-
low, and certainly on the third offsnse.
Discipline without punishment is not
praoticed where an employe uses in
toxicating liquors or CANDLES; in such
cases dismissal is the punishment.
As anticipated, the coal sales agents
at their meeting in New York, sd-
vaneed the eastern price OF coal to the
May circular, which was SO so for
broken and egg, and SO rs for stove and
chestnut. Western prices were ad.
vanced to $4 per ton for CRATE, and
4 10 for other sizes TO Buffalo. The
prices to Chicago we're advanced to
"A 20 for CRATE and S. per net ton for
81 SrEAD%,!s D%,!ssfLrNA