Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-03-06


CURED for this purchase obtained from the
sale OF bonds directly secured upon that properly
Your management, believing IL TO be for tne
best interests Of the CoDpany, secured ny puI-
chsse a large portion OF the securities OF the
Cresson. Clearfied County and New York sheft
Route Railroad Company. which was referred 10
In the last annual report having been leased,
The NJ. Louis, NandRlia and rerre Hnute hsh-
road which was built about 1s6s by your Com
pany in conjunction with the Terre Haute and
1ndiainp polls Railroad Company, for the purpose
of extending your system to St Louis. passed at
that by lease under the direct control Of the
latter corporation. In which you had no share M
the Vandalia Line owned by your Company,
II had voice in its management. An epportu-
nifty having offered during the year. the Penn,
sylsania Company purchased a large portion OF
the capital stock of the Terre Haute and Indian
apolis Railroad. and thus finally secured the con-
Haute and indianapolis Railroad Company also
operates through lease ownership the Terre
Michigan Roads. extending from Terre Haute via
LogansIort to St Joseph. Michigan. and the Terre
ton. Illinois, to Peoria, which are worked por-
9n OF It's system making In all an aggregate OF
For the purpose of securing a more direct con-
nection between your southwestern lines and the
lineage burlington and Quincy and other west
cru railways, your Company acquired the owner
snip OF majority of the stock OF the Toledo.
Peoria and Western Railway. 23l miles long. and
plttsosrgh, Cincinnati Chicago and st. Louis
railway at the Illinois State line 10y the way Of
Peoria, to Warsaw, nlisoIs. This road, which
forms natural extension Of the last-narned line
TO the Mississippi River, trnverscs a line belt Of
farming country, besides reaching the important
cities OF Peoria. kelkuk, and Burlington. and it
Il believed that It's acquisition will be OF value to
you' Company. Negotiations are now pending with
the Chicago. Burlington and Quincy Railroad Com
pahy Tor such joint ownership and mana cement of
Sa.s as Will be to the mutual interest OF
tage OF It's important geographical position.
81 Jnat portion of the Toledo. walhondiug Valley
shd ONO Railroad. referred 10 in the last annual
report as being under construction, was COM
Ested and opened for traffic during the year.
troll OF fair share the coal trafYic destined 10
Lo.eoo ana the State Of Michigan than could he
vaneu through traffic contract, the Penusyl-
wanna - mIany purchased the Cleveland and Mari
s e,ta haiiroad extending from New Philadelphia,
DE- p,,, pin 81 eehnection with the Cleveland and
fit,sburgh Railroad. 10 Marietta on The ohio River
| Instance OF W miles. and traversing the extern
sne cambridge coal neld Of Ohio. This line VIII
not only secure to your system the coal traffc re-
ierred TO, but also give the large iron ma,mfaciur-
in nv ~ ssa ,he Mal'oning and Shenango Val
west. N''"e'uon Win The south-
Ipe acquisition Of these railways. having an
ase 1920, length Of eeS miles. necessary 10
project the interests OF western lines aud IL
by direct purchase tlGn by lease The r,ssults AZ
theif operations do hot appear IN this report as
,ee,s purchase Was not concluded until the close
Under the revised organization. taking elect
second vice president to nj the vacaney causeS
~ The death OF Mr.; ]. \. Du Barry and Sir 1'nas
Provost was appointed general msnSreT 1i Mr.. n
\. Ely. chief Of motive power; Mr.. j. h. Hutch.
n ION.
MI F. D. Casanare, general snperipyend.nt ,,f
motive power; Mr.. Jos. 7. Richards engineer 81
t maj, OF way, and Mr.. Joseph {. craw-
ford, engineer OF branch lines. Mr. t. r. Hunter
Was appointed assistant TO the treasurer
Mr.. Enoch Lewis having resigned the position
| of purchasing agent Mr. A. W Sumner wa aI,-
pointed his successor. under date OF Dec.Inber
Mr. Lewis connection with your comtany haa
| extended through a period Of forty wears during
which he had been general superintendent az the
Pennsylvania railroad for over hive years ana turs
chasing agent for more than twcnty-s.ven wears
his ahllity and answering integrity had earned
for him deseryedly high reputation In these i'm
portant departments Of midway service.
Mr.. George Nj. Taylor. auditor Of freight ra-
ceipts, who had been forty-two years In vour ser
| vice. died July %. 1898 He had been an .sfc..r
OF the accounting department since lst7 and ma
filled the position held 10y him at his death since
1872. During his long connection with rplr in
terests he had performed the duties coniided 10
him with exceptional fidelity and ability and Ina
earned the sincere esteem and thorough conrid.n,e
! Of all with whom he associated.
Mr.. jefferson Justice promoted TO IN. -
cancy caused by Mr.. Taylor's death and NJ
Oscar A. knipe appointed auditor coal freivh, ~
ceipts I'm Mr.. Justices place.
The general balance sheet Of the company .
| hereto appended.
The board their acknowledgements 10 fhe
officers and employees for the Ba~lfty ana ,fS-
cheney with which they have discharged their du-
ties during the past year.
Of the board.
.v,, s G. b. ROBERTS. President