New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-03
RAILROAD INTERESTS.
EARNINGS OF THE PENNSYLVANIA hoAD

SPLENDID SHOWING IN TIE FORTYNlNTH An
NUAL REPORT.
The forty-nnth annual report OF the feh''ss a"''
Railroad (for the year 1880 has been lssueu ~ -
as usual complete and clear The gross earhihSS
for tho three grand divisions of Pttsburg. en-
bracing the main line the United Railroads OF >e"
Jersey and the Philadelphia and Erie Railroad anu
branches were se4 IFS ~ and the expenses va
40 $50 81 which made the net earnings SZoio'--
Adding interest from investments, Aoil'oS' ~ anu
receipts from rental of equipment. Ao2'S.s ", 'ne
gross income was brought up to S23.lI9sN A. fioh
the last-named sum was deducted for rentals OF
lea sed and operated roads ssS%Oel 81; FOR interest
on funded debt A,16S,7 75 10. and for interest on
mortgages ground rents, car trusts taxes e'c''
Sl5Se7ls62 total of Sl46i95Jo Al. when Ie!' Tie
net income at s0.530 49, 3s. From TINS tola' was
taken for payments on account OF sihklhS anu
trust funds and guarantee OF interest on Ahesne"s
Valley Railway bonds $5S III 81; extraordinary re-
newals etc. 81 S2 go 49, and dividends OF per ce'.
sS.4Sho1l 25 after which there was a balance .,
% ,ca AZ s TO be transferred to credit OF prot ana
loss for 1895 .,
Adding the previous amount to the credit OF TINS
account the total shown to be So'oz'o'' w.
From this total however, was subracted interest
On the funded debt accrued to January l. 1870 less
tho amount due from investments on the same da'e,
ssos 5s7 IL and amount charged of In reducuoh Vi
.,,s ~ securities and settlement OF sundry ac-
counts 1916 OSS g. and the balance to credit OF prom
ord loss December 81, 1895 then stood al '@''-
553. 1853 S. -. than COR
norations he'd by the company was siis'oe'S 90
and the direct revenue from them was s4'''''o' w.
,,h,ch was nearly per cent upon the cost Vi VI"
,,;as opd more than provided for the interest
-, tho pennsvlyanias funded debt OF sS'oOo''io -
M further issues of car trust cer'hea'a
made In the year. The total NUMBER Vi ~ ~,
,.ded under the car trust system was '''''' -
total amount Of certificates issued 'he'.I0
SEQ GA 600 and the amount redeemed was @@''il-''
leaving the balance OF cert'"ca'e'
$5,532 900. ,, h,rred
60 oanita1 account during the year was s"V''o'' 10
the expenditure being entirely for additional
cars and real estate, all other eNuao'u'""''
Law on these portions OF the property ha'e'
already stated been charged against the so"
,ncooe of the year. The amount expended III eo''
.,r,,o,;on IN branch and auxiliary lines was Ns.S'-
sai "a improvements already under conlrh.' roa &
present year, comprising the Stimulation of
auur,,. % II for the expenditure of nearly s2VVoO
The number of OF freight moved on - tJ IN issi
Vas SIS 25e s2s an Increase of slS5sl s52 or per
cent as compared with 1884 The numpe eF 81 20
r oc ner cont The average distance traveneaI
6v each passenger was nineteen miles, an increase "
The lines west OF Pttsburg operated by me Iei,i
sylvania Company and the PiitsDurg. h,n1 a.
Cbicago and ST Louis Railway Company shoM.u q
nei proAt OF g 2O9 $50 e.. The other lines IVES, Oh
Pittsburg showed loss OF SSlosS 81 O @oT
The PENNSYLVANIA Railroad was Responsive is 40,
s222 Osi 81 which left the net nroh on an nes
of Ptsburg at es7. $50 TO- The number OF TONS y.
freight moved on the lines west OF fit'sDu.S ne
* *, ose an increase OF II, G3,In over 1874 ne
number OF passengers carried was I'iii'h'' d" '''
crease Of 332. Col. . -. - ro,. .,
The gross earnings OF all lines east ana west OF
pi,tshbrg for the year $lS2 I3.sll 90 OPERA
inc expenses $92 $50 2sG &C. and net earnings $ssei
s9S The total number of tons OF ireight moved
was 100 r0lA. and the number OF passengers car
red was 74,924,13i.