The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1895-03-13
Highest of all IN Leavening Power.-Latest US. Govt Report
kFssk s!Rs
ABSOLUTELY PURE
RAILROADS Hit HARD.
President Roberts Of the P. R. R
Talks Of Business De-
preston.

President Roberts. at the annual meet
ing of the Pennsylvania Railroad Cos
yesterday in Philadelph.a made an in
teresting speech about the hard times
and its effect upon the railroad business.
He said
The past year has been a hare one.
not only upon the transportation inter-
ests, but upon all the other industries
of the country. and in your company
this depression has been felt with ex-
traorninary severity, your revenues de.
pending largely upon the mining, manu-
Iacturing and especially the iron manu-
facturing industries of the country And,
therefore. when you compare your re-
port with the reports of other lines you
must not feel too much discouraged.
None OF the other lines. at least of the
magnitude OF yours. depend SO much as
You property does upon the Industries
varied class of traffic, but n the
depression. is most severe the rebound
generally is most generous. and we hope
tnat prosperity Is not far distant, when
the industries / have referred TO viii
again get into their normal condition,
and that your revenues will be what
they were a rev years ago. The return
that your property makes to its share-
holders Is inf1nitesimal as compared with
the return it makes to the great country
DUTY 10 THE PUBLIC.
Ill mas always been a thought in my
of the country owe largely to the pubIie,
and to the States which gave them
Dlrtn, ana the engagement Of the Penn
Ssiyan " Railrosd Company has always
Il AXE 1t that that policy which has
ege1 pursued by this company from its
has brought with 1t the prosperity which
you now enjoy, and when the manage
ment OF your, company departs from that
individual shareholders than it does
to the interests of the community which
II IS called upon to serve. from the mo-
mlent It turns it's mind In tina direction,
munities; but a continued effort to serve
them. as we believe we have, will al
ways be met, in my Judgment at least,
with g generous return from those COM
munities sooner or later and give to
you that measure of prosperity which
you are entitled to receive.
DEPRESSING REPORT.
"Ihe report presented to you this year
is a report coming from a season, as /
have before said, OF marked depression,
and do not wish to predict that the
present year will be any more successful
than the past, probably it may be worse,
but the conservative manner in which
your property has been treated in the
past would seem to indicate that the
Universities that have come to you IN
to the present time can be reasonably
tnaI may, come to you in the future
ought to be quite as well met, and that
your properties will. be sustained in the
- ~ AtANt LAANJ Ole Oud
Any questions that may be peril
nent to the interests of the company,
from any shareholder, large or small,
the general prosperity and welfare of the
company or its business, are always
cheerfuliy answered either in this meet
ing or at the Office of the company"
Il understand there was a letter to have
been presented here by Mr.. Lockwood,
which he desired to have read believe
He is a man over eighty years old,
@"EElghtggrnine," said Mt: Lockwood.
times before" continued Mr.. Roberts.
Every year he feels that he is not get
ting as much as he ought to have. He
Is a very old man; l have always treated
him kindly, but he is eighty-nine years
old, and he is an Englishman. ZAP
plause.)
INPATIENT ENGLIsHMEN.
Der that the arrangements of railroads in
this country is very different from what
it is in England. There they divide up
t teeted pih IN eveT fI0s wsy, t anS t Are w ara P PrH5
strictly to an accountability to the pub
Tic. In this country we are young We
laws In this country defining specifically
the relations between the railroad corpor-
alton and the public.
IN to regulate this matter 1t was, Of
course, like all our legislation in this
country, more or less crude and radical.
we are protected against each others
encroachments and against unbridled
competition, n the public is regulated
in reference to its dealings with the
transportation interests, as the t~ranspor-
tation interests are regulated In their
dealings with the public, until that time
comes 1t is absolutely necessary for an
enterprise of the character of the PENN
sylvania Railroad Company to hold itself
strong. To be able to take care of it.
self, and nothing less thar that, will
bring you safely through the trials to
come uDOn yOll0