Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-03-05

Black Lick Road, referred to in the last annual re-
coal territory; and the purchase of additional real
estate on the line Of the Pittsburgh. Virginia and
three srand divisions east Of Pftsbursh and Erie
the lumber Of passengers was IS. 5ss, 1876. a de.
crease of 1885. The average distance Travelled by
each passenser In 1894 was $50 miles, decrease
The rate Of freight received FER ton per mile was
The cost Of movement was Ais mills per ton per
mile, q decrease Of s2-10O Of mill. The net
mile were s77-iooo. as against sss1iooe cents in
mile se cost q eaeh
per mile was 1 5s2-10O0. as against bs4-10O0
n In cost Of o Of m
mile Of s95-1000 of a cent. decrease Of 2O-1OO
The other large Railroad Companies east of Pitts
burgh and Erie in which your Company is interested
through the
s must be Under the
of their operations will be found in their own
2oa as T. 5Ss N ss s1
the four coal companies. in which You are inter,
On the lines west Of Pittsburgh operated by the
Pennsylvania Company and the Pittsburgh, oincin-
natl. Chicago and st. Louis Railway Company the
result was as follows:-
Earnings Of Pennsylvania Co. .$17, 904, 422 6S
Expenses 1l,oSf,<oo Oh
Leaving net earnings 50. sso.1s "a
Rental interest, &c. ............... 1,O67,61O 10
Net loss on Penna Co.'s lines. s6s7, 476 II
Earnings Of Pittsburgh, Cincinnati,
Expenses ........................ l2,475.59O "a
Leaving net earnings. 81. 260.97s 81
rental, interest, &c S,o6J,ZlI ~
Net profit on Pittsburgh. Cincinnati,
Chicago and st. Louis Railway
Company's lines ..........:....... $697, 761 80
west Of Pittsburgh. ...:.......... s1o.2s5 %
The other lines west Of Pittsburgh, account
of which your Company has assumed direct obliga-
o%nershp Of Securities. but which are operated o
through their own organizations, are the Grand
through its organization; Cincinnati and Mus
kingum Valley Railway: Waynesburg and Wash
hiogheny Railway; Terre Haute and Indianapolis
Railroad; and roads operated through rs orsaniza
The aggregate gross earnings Of these
roads were .............. $S,02S,416 90
EXPENSES '.'.......'... o,ioo,Ioo Oh
Net earnings. ..................... N,s4s,24o 10
Deduct rental, interest, &c........ 1881, 40 %
Loss NEUTRALITY-SUSPICIOUS.. $50, 2s9 10
OF this loss the Pennsylvania Rail-
road Is responsible for. $50, 456 90
Which deducted from the profit
shown above. OBSERVATION-DISCLOSURES. 1O.2s5 %
Net loss on all lines west Of Pitts
burgh NEUTRALITY-SUSPICIOUS.. $49,171 "a
The amount expended on account of construc-
ton, equipment. and real estate during 1894 the
lines west OF Pittsburgh Se31, 760. 10. No ex-
pendtures were made capital account except
such were absolutely necessary 10 take care Of
the traffic. The main items Of such outlay
payments for trust cars, real estate, and the
Struction of yard tracks and SidlpCS
The number of tons OF freight moved the
lines west of Pittsburgh 43 0Ss, 27S, decrease
of II 1879. The number of passengers was 1G, GA
1903, decrease of 1856 1856.
The gross earnings of all lines east and west
of Pittsburgh for the year were 1922 0o3, OOo.o7,
operating expenses. SIS, SO, and earn
ings $36 $3.50, s25 81 There 12O,54S, 652 tons
of freight moved and 77,106555 passengers carried
GENERAL REMARKS.
There has been paid the Managers of the Trust
created October 9th, 1878, by the Company, to
December 31st 1884, the sum of 81. 40, 5000 the
total income therefrom has been s. 054 474 81 and
securities have been purchased amounting at par to
So, 30 yielding an interest Of 5.14 per cent.
for the year. There WAS appropriated to that Trust
for the 1894 the sum $74.SiO The