New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-03

These lines show a marked improvement as compared
with 1894 each OF the two systems west q Pittsburgh
about one million OF dollars This was largely the
na Tse no and es
for previous year in their history
ment. and real estate during 1895 the lines west Of
Pittsburgh was 81. 053. 657.9l.
on these lines for additional equipment. to
meet the Of the traffic and prOvde further as
structon the widening for double track Of the tun
ns On Chicago anS 81 oss RaWsy the Of
double track the Western Division q the p,so%rg q:
line of the Cleveland and Marietta Railway.
pended large sum on the rebuilding and Improvement
OF the bridge over the Ohio River at Cincinnati The
and the new bridge which vii carry no,
traffic and for passengers. will be completed
during the present year
FUNDED DEBT
In view Of fact that large amount Of the bonds
upon your lines bearing per cent interest
approaching maturity. it deemed wise to take
advantage OF the exceptionally favorable conditions
% o Of the mosass
the Pittsburgh Cincinnati Chicago and St Louis Rail
Company. the proceeds thereof construction
Sna Se and " sT c
These bonds were issued of November ist 1895 bear
date and guaranteed. principal and interest by the
The number OF Of freight moved the lines
Of Pittsburgh was 80 100 249 an increase OF II 23s ~
s saas sI"'e Of passengers was '' an increase Of
The gross earnings OF ell lines and west Of Pitts
burgh for the year 1892 72o s11 e6 operating
penses S92 800 $500 and earnings $50 s6 525 %
passengers carried
GENERAL REMARKS
There has been paid the Managers Of the Trust created
October 9th 1873 by Company 10 December 3st 1895
the OF s. 495 1901 The total income herefom has
been so s and on tia, date securities amounting
OF 507 per for the year There appro
priaed TO the Trust for the 1895 the OF
This Trust OF the for which IL
created has purchased time portion OF the
bonds OF the American Steamship Company. which ma
ture october st 1896 and the maturing coupons the
mains Of that Company to provide for the
OF these Obligations they VIII necessarily have 10 be
charged against the principal Of the fund. This same
policy Is being pursued the interest the bonds OF
the Pennsylvania Canal Company which is also
teed by Company The payment OF these large and
practically unsecured obligations Is the first direct benefit
accruing from the creation OF the trust as they would
otherwise have to be met out OF your current revenue
The OF the Insurance Fund hand at the end
Of the ST. 9 70l 49, being increase Of $780,
s9l.1s over the previous year.
Interest the Employees Relief Fund continues 10 in
the membership the close OF the 49, 432
being the largest since its establishment During the
the members contributed $G4l. 1912 while your Com
and It's affiliated lines In addition to the payment or
sos COS 80 for operating also contributed $50
- benefits members whose disability had
continued than fifty weeks. and who were.
longer entitled regular benefits from the
Fund The total receipts OF the Fund including interest
other small items $3.50 ia 80 which. with the
made an aggregate 81 S. which 1854 "a
were distributed death benefits. being average in
OF about s575 and 1897 1877 49, in OF dis
ability arising from sickness and accident After meeting
all obligations for the and providing for unad
Dr. GENERAL BAL