The morning times., 1896-03-03

lows
1898.
earnings or pennsylvania
90. :. $50, SSS,964 OS
Expenses. :. 1856 ,33o 81
---------
leaving net earnings. SS'3O2.62S 81
Rental interest, &c. 1888, 1854 o4
-------------
NJ pIoill OH fchha' Co.. s
-------------
Earnings or Plttsburgh;
81. Louis Railway. 81 81 30. l26 |
oo-------
leaving neI earnings. S4S6S,16l
MENTAL interest," &c. 3,oiS,o|5 ~
~. =
SihcIhnau, Chlcago ana
81, LOUIS railway COM q, oooc
P"iS iitts''' - - - - - 81 'Eoo'"0" ca
onarated wrsr or pig
hnrph 60 ooo o6n 81
- T
IT.. 49,, d., ,,....,.,
Ane o'uei Ilies ncSl VI fltspuish' oh
account Oh winch your company mas as
: uIlIeu uirecl o!1iIgdtiohs' OF III winch IL IS
ldlseIy lhteresteu through ownership OF
SECURITIES, put winch are operated lhrough
tnelr own orsdn!Ldtlohs; are, Tue IN
G ~ 1na, ana ana MnSkiRgum valley RaiTway:
ppllIsnurg1; 1haftlers ana 1oughioghehy
ndll"dE, oicVelahd ana Marietta railway;
urdnu hdpiqS ana ihdiana Railroad anu
rOdus opeEatu through lth ORGANIZATION,
ioir ITO TToIlh dlu W WESTERN haAWay, anu
INC Ierre l1aulc anu lhnahalollS halLroad'
tIiu oi,ls deeu Is or gdhi%dlloh'
Inc dSeEcSate gross earnings
vi Inesc ioddS WERE. :. 80 5oS'5S4 o
Expenses =. -.'-.'''-.'..-l ',4Ol LIZ %
-,
NeIedrhihgs ...........o ...'S ,oot ,zol -
Deuucl rental interest NC l'ooS'l ~ .
.-----r--c -
Loss. .............. S3lO.9lS 80
---------------
VI this loss tue pennsylvania
Raliroau II Responsible Tor SZ-Z'oSa o.
when deducled from the 80 ~.
profit SHOWN above 49,. 2,2O9,9oO b
Leaves net profit on all
lines west or Plttsbprgh
lor 1888 ..'.''...-...'@ 81 ,9S ,6oo ~
These lines show a marked improve
two systems west OF Pittsburgh showing
d net surplus AFTER meeting an llaDhIles,
vi ABOUT one nlihon OF douars. ms
was IaIecly que on the northwestern
sSsteIn " tne pIospelous COll1iitioh ol
thelron lnuuslry' ne tonnage ua lhlleiige
were greater IMAM Ior any previous year
IN their history.
Inc amount eHpenueu on 5cCount OF CON
slructioh: equipment, ana real estate
during 1880 Oh lne lines west Oh 1ltts-
Durgh was SZ,oO3, 30 81.
Inc larger portion OF the expenditures TOT
'apltal account on these mes was for addl-
ilonal equipment 10 meet the demands or
me trafllC ana PROVIDE further 1dCilltleS Tor
The through business. The main items OF
construction were the widening Tor double
rack or Inc tunnels on the PIttsbuTeh
Division OF the Pittsburgh, Cincinnati, CHI.
cago and st. Louis Railway: the increase OF
double track on the western Division OF the
Pittsburgh, Fort wayne ana chicago Raii-
way; ana the revision or the line OF the
Cleveland and Marietta railway
The Newport and Cincinnati Bridge Com
building ana lmnrovcmehE OF the briGse
over the ONO RIVER AZ Clhdnhau. me
masonry is entirely 1inlshed ana tnc APP
proacheS are undtr CONSTRUCTION, anu Tue
new bpt w nIsn Fr m facie S Tnr trn
ley and wagon ira fife. and for foot passcn-
gers, will be completed during the present
wear.
FUNDED DEBT.
In Wow of tho fact that = LARGO apount
Of tho bonds mon vour western lines
roaring seven nar cont interest was an.
nroa chino unaturity II was sleemad wise r.
NO .tdy,ontaoe of the "xccntionaIiv favor.
,hIe cnnditjonS ureyaiIinr i'm The money
mnrl. Of dmring the ma st Year nv seIlina So :
100 900 of the consolidated mortea pc bonds
of the Pittsburg Cincinnati, Chicago and ST.
Y.
nv OF the PENNSYLVANIA COMPANY. ana use
fte nroceeds thereof for construction and
continent Durposes, and in articipating,
rs far as practicable. the payment of the
obligations referred to. These bonds were
issued as of November 1st. 1895, bearing
fOur ppr cent. interest. maturing fifty wears
from date. and are guaranteed. PRINCIPAL
and interest by the PENNSYLVANIA COmpanv
The number of tons of freight mored on
the lines west of Pittsburgh was 55.I56.-
01o an increase of II 235 I'll Tho
number of passengers was 17l11177
an increase of 332,36l.
The gross earnings of all lines east and
west Of Pittsburgh for the wear were
S132.7 20 .sI1 SO, operating expenses.
500 $40 2S6 Sc. and net earnings, $40
S61.626 90. There were $50 4IO / Al
tons of freight moved and 7OOb2 4T9
passengers carried.
GENERAI. REMARKS
There has been PAID the Managers of the
trust created October 9TH, 1873. by the
Company, TO December 3iSt. 1895. the
sum OF 81 495 $50 81. lhe total IN
come tnerelroln mas peeh So'o4S.So
and on that date securities amounting
at par TO S9,93s .265 were held in the Trust,
Welding an interest," OF o'o' per cent, Tor
the year. Ihere was appropriated TO the
trust Tor the year 1880 the sum or $751;
2l6 81.
This Trust, in pursuance OF the purpose
for which 1t was created mas purchased
from time TO time poftlon or the bonds
OF the American steamship company, which
mature october ISL, 1880 ana the maturing
coupons on the ehtlre issue 81 the regular
interest PERIODS. AS .there remains no
property OF that Company TO provide for
The payment of these obligations, they
will necessarily have to-be charged against
the principal of the fund. Ihls same policy
is being pursued as to the interest on the
bonds Of the Pennsylvania Canal Company
WI 10 OLE oron nj U (N,T