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

pany sold 100000 Of the consolidated Az Der
cent Pittsburgh Cincinnati, Chicago and St Louis
The number Of tons Of freight moved on the
lines west Of Pittsburgh 49, ss3 IFS. decrease
1.;Sl6'42l, decrease Of 1888 433
of PtfsSrvs earnings 81. Of all lines east and west
Grating expenses and Det .afnn Sp
frs,sSt 500. There We're l35.5l43ss tons Of
Te Pe Dnsa ami SIszoss passenger. carried
close OF 1893. comprising about $50 miie. all 81
consisted of $40 corpora TONS With an
GENERAL REMARKS
There has been paid the managers of the ,r,s,
created October 8, 1875 by the romnsn tNe tr ms
s eel 81 1888 the sum Of sis4s ss The TO-
.al lncone therefrom has been S457s 2Ss 81 and
securities have been purchased amountiae nj mar ~
sss41 go yielding interest OF 5 ~ Der eent for
the year 1893 the sum OF s7s.ss.So t"A' 'rus' '0f
emu Of the year were fund on hand at the
crease OF s2s9 1927 10 over the preSis e, ing An IN
The amount contributed by your comnsnv and
s am, lines during the year the employees re-
for deficiencies s.. 32s35. and In additioa thercto
the of S24, 323 So for extra bsne,,,s ., 49,
beers Of the fund whose Disability had coo,in,ad
over nfty-two weeks. and who were therefora no
longer entitled to regular benefits from the fund
making an aggregate contribution on the psrt OF
your company and affiliated lines OF SlaS52 "a
Inc amount contributed by the employees was $6OS
95i-ls, ana the receipts from interest were sl =
249 1o, which, with the contributions by the COM
panes as stated above. .sI2o,s52 50. made a total
gated $3.50. 4e6 81. OF this amount there WAS bald
to the families OF employees In death benefits and
for sickness and accidents the sum Of $642 ss5 Is.
an average Of over sl.7oo per day, and for er,
balance Of s132 $40 vs.. with which TO adjust ut.
standing claims. The number Of these death bene-
n.s paid was was, 49,, and the average paid in each
case was $62l. There were 81, S21 members Of the
fund at the close OF the year.
The employees continue to avail themselves Of the
benefits OF the employees saving fund. the number
of depostors having increased during year from
3,I9I 70 i,05S. The amount received during lssl3
WAS $40. 40, and the balance in the fund, at the
close of the year, was s.. 262, oss o. OF this
amount, 81 600 have been securely invested In
per cent bonds.
OF the country during the past year presented a
marked contrast to those OF Its immediate prede-
in all departments Of industry, and the facilities OF
transportation companies were unequal the de-
mands made upon them. To relieve this condition
OF affairs upon your lines, the work Of extending
second third and fourth track east Of Pittsburgh,
with exceptional activity in the early part OF the
year; but, before many months had elapsed. there
We're marked indications that the prosperity pre-
was first evidenced by q severe financial disturb
ance. and followed by rapid depression in all
classes of industries. which still continues.
Upon the first evidence OF this change, your
management suspended work on all construc-
tion and equipment. and instituted rigid and
thorough economies in every branch Of the
ice. This policy resulted i'm maintaining the
fir noes of your company in good condition. and
Will be pursued during the present wear, unles,
tie return OF prosperity warrants change therein.
The policy OF elevating depressing the tracks
so as TO avoid grade crossings further carried
out, resulting in the elimination OF several danger
street crossings I'm the city OF Philadelphia
and In considerable progress toward the elevation
Of your tracks In the city OF Elizabeth New Jersey
The object sought TO he attained however through
the large expenditures made In this direction. bot
by the railroads and the local authorities through
out the state. will be almost entirely defeated II
the electric railways now being promoted through
out the country permitted to the steam
railways at grade. and thus create a and most
serious element Of peril for the travelling public
II must be borne In mind that the entire move
ment these electric railways is in the trans
portation OF passengers, and that therefore the
risk of life and limb from such crossings. owing
to the frequent service. is proportionately much
greater than on the steam railways. where the
trains not nearly frequent and where tn.
movement is made up largely Of freight traffic.
1t would hardly seen reasonable that the electric
railways should be permitted to Indefinitely In
crease the number OF these crossings while al the
same time your company and the city OF Phila
delpha expendng over x+0O.O00 TO remove the
grt de crossings OF your road by the North Penn
s. lvania railroad in the northern portion Of the
city.
The opportunity having been presented to your
company 10 acquire the valuable properties IN
New York city. known piers Nos. 3. and 5. North
river. for which large rentals temporary leases
had heretofore been paid. your management deem
ed II advisable to purchase them and TINS secure
permanently the wharf and dock facilities neces
sary for your business in that city; the money re-