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

ject sought to be accomplished by its creation
Company was liable as a guarantorHhas been stead
lily pursued, resulting I'm the accumulation Of the
nrnscnr ben the sd aa o S NOW
Trust will be shown, through its ability to provide
the means for meeting obligations Of companies
which are themselves unable to provide for their
payment, aud that otherwise would have to be dis
charged out Of the direct revenues Of your Com
pany.
The assets Of the Insurance Fund on hand at
the end Of the year We're s., 46s, 81. being an
The amount contributed by your Company and
affiliated lines during the year to the Employees
81 0075O for deficiencies, and, in addition thereto
the sum OF S31 287 80 for extra benefits to members
ffty-two weeks. and who Were, therefore, no longer
entitled to regular benefits from the Fund. making
en nes on Of the Part q
amount contributed by the employees $685.
$50 e. and the receipts from interest were So
panies, as stated above, made q total Of $780,
~ 81 This, added to the balance on hand at the
ssSs oa2a2 OF this amount there was paid t. the
families of employees in death benefits, and for
average of about 81 500 per day. and for expenses
as before stated $ss. 7O1. A. leaving balance of
Claims The number Of death benets psd Mns
Sss, and the "a avsrase paid In each ease was $50
the benefits Of the Employees Saving Fund. the
Year from a,d5s to 4iia. The amount reeeiSed
during 1894 was 1896, 6i5 and the balance in the
OF this amount 81 300 600 have been securely in
vested in four per cent. bonds.
The Cresson and Clearfield County and New York
Short Route Railroad Company, having q large
floating debt, and being unable to earn the interest
ied the Cresson and Irvona Railroad Company,
and, 1t is believed, will be able to fair in
resest upon Its present capital while supplying a
The Brownsville and State Line Railroad, the
McKeesport and Bessemer and the Monongahela
River and Streets Run railroads, all closely allied
with the interests Of the Pittsburgh, Virginia and
Charleston Railway; have been merged into and
to increase both the stock and bond capital Of the
consolidated company TO $6OQO,OOO. This will
and % e pr he
territory which 1t trAverses. q
house Company to furnish additional facilities for
the traffic brought by your lines to Philadelphia
further contract has been made with that company
through Wien or Ss
storage Of -four and ,ntrchariise has been erected
warehouse at Front and Berksstreets.
Believing that the time bsh come when your
promoted by the construction of bridge the
Delaware River, connecting yYfr lines in the States
close to the northern limits ~ Philadelphia as a
prudent regard to ecgp4my would permit, and with
the river your Company obtained from the States
OF Pennsylvania and New Jersey and from the
United states Government the requisite authority
for its construction. Tho right of way has practi-
cally been secured; and its construction, which is
rapidly progressing will, IT is hoped. be com,
pleted during the present year. his bridge will
greatly facilitate not only the movement of pas
sengers to and from ashore points, but also that
OF coal and other heavy traf1c % Southern New
Jersey. and of agricultural and other products from
that State TO the city of Philadelphia.
The work of elevatiny the roadway of the United
New jersey Division through the city of Elizabeth
has been far completed to permit trains be
transferred to the elevated tracks, thus elininat-
ing the dangerous grade crossing of the Central
Railroad of New Jersey and also of all the streets
in the bniltup portion Of that city Further large
outlay will be required In connection with this
work IN providing a station and finishing the
embsnf.,ent: The elevation of the tracks on the
New York Division between FrsRkford and Holiness
burg Junction, Philadelphia, was also continued
and several grade crossings were abolished und-l
he satisfactory and equitable contract made with
the city Of Philadelphia. Under this contract work
il still In progress. and will finally result In elini-
rating all grade crossings this portion OF your
line in that city. Considerable progress has been
made toward removing the dangerous crossing of
the North Pennsylvas!a Railroad and your Connect
ing Railway, and this work. through the liberal
appropriations made by your Company and the city
of Philadelphia, will be completed during the pres
ent year,