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


Element OF sundry accounts. es5,0s3 e5
Balance 70 credit Of profit and loss December .o, ~ o..
oIs' 1850 *Z3ood 41 NJ
tn. preceding statement, show hat after having pro
10, S s " S n m m d Of rs ss w.r ss
care dividends Of five cent leaving ~ 1883 45s0s 70
be carried to the credit Of profit and loss account
both and freight traffic FOR the past few
continued during 1895 IT would appear that under any
to IT. shareholders.
1t had previously been the custom in stating your
accounts the OF the up the
OF accrued interest on bonds and other OBLIGATIONS OF your
credit for the amount of income that matured upon Sc
Board has now deemed it proper that both these
amounts should be taken into accounts for the
profit and loss the Of $3.50 537l being the differ
reduction has been made in the value OF OF the
securities held By your Company. and in settlement OF
Of silId2lo6. and leaving s23553 ovso TO the credit
SINKING FUNDS.
-, Under The p9 3 lon Of the eon.oda,a mOrtsass Of
july ast out Of the net income as sinking fund for the
REDEMPTION Of The outstanding bonds secured by that
ing Fund applicable could be purchased under the
terms q The Trust, and The amour, was placed TO the
OF the There s,07 $50 81 In securities and
Tc trustees " Of ' ie sinking FUND FOR the REDEMPTION Of
the Trust certncaes ss for the purchase Of the shares
Baltimore Railroad company were no, able to purchase
ANY, i ne sG ana I'oE nl 's e d, .
1895 therefore. s. 2ssco outstanding STOP
The Of tho sinking fund tor the rclempton Of
were not able To- obtain any Of these securities during the
year a. the limit nned In the agreement The amount q
Under he provisions Of The four per cent Equipment
1876 for the sinking fund tn sum Of si$S 400 The
trustee unable 70 obtain u 'he bonds AT the
thereof the whole amount has been Invested in ad
ditonsi equipment
rr-xDrn Drpr
tn. amour, ~ fund,d debt including mortgages
real estate and soundrenis at tho clos. o. he year
counted Tor a. follows"
con.oiia,ei mortgage az per cent. sterling
bonds issued II equivalent s. $50 90 m
Increase IN mortgages and sronnd-rents '26'4 ~
Total ............-............... "oo26'f 80
CAPITAL STOCK
'orn ., o 20 o' 1S,s.a n" The Slo,s Sc
clarei May isoa.
SECURITIES or OTHER CORPORATIONS.
III. entire securities % other corporations
10y your Company ). fis oss eoss7 The dlrcc,
b , ,nr va ss 70 the generally reduced
income from investments NotNith-andins this these
securities continued - puc" nearly four per cent upon
their and Than provided for the interest on
CAR TRUSTS
NJ further issues q rhes" securities were made during
III. total number y cars provided under the Carr'
Total amount q issued therefor $50 "a, 900 On
Amour, redeemed ACKNOWLEDGEMENTS. 23il2~'~
balance q certificates outstanding Deem
Der as'. So 600 90
The expended upon the Main Line and branches
sS s "psrd h to . san Sns .ntps for additional
freight and real estate all o'hsr extraordinary out
lay IN that portion your property having ALREADY
stated charged asains, th~ general income Of the
year TIE amour, espeni a IN ean,r"'h n on GcnSh
Items - this expenditure he extension Of doubt"
n gn n nere.ssry M the deysopmen Of the manu-
featuring Industries on that Nne The extension :" IN.
cy PHILADELPHIA built Tor me purpose of Furnish
consruction q what Is generally tho Delaware
River Bridge. near Frankfort FhiiaH@lpna ame pus
TN latter is now r9pa nPP5eaGm a Coming nI
teon and Will be open fa 9nsr r rach the ris
n Elizabeth New Jersey. with the exception ~ one
Sossass by 'hc coasiruc,on overhead undersrade
bridges being continued wherever Il can be done wi,n
II ~ and IN" local authorities
properly cooperate toward r"achng this result ,,,
10 place under contract Improvements
upon Your Main Line an "hF whis" on may ne ' haphs
DIVISION covering distance ~ about I'VE Mules ,hr r.
caster Hsilrond in the borough Of Mt joy whereby all
ne grade crossinss at mat pen, VIII be r, NJ h same
miles further west. and also several minor
.ion The two most notable changes on the pittsburgh
p9n . Are h n on sl 1Mn ounn With vr"
ally amounts to tesudi1s Q, s1' h na i'qI the pn,
sharp curvature Iily's and Portage VIII be
herefor' and "I second revision Of line point
Greensburg which involves the construction Of new
nearly hnlf mill In length and VIII result IN the
saving Of a considerable. distance IA well NJ material
an "Ssy IN Of naa and viii be actively
cu'ed during the present year shoud su'h course De
and commercial interests The returning prosperity OF the
cca.e in your equirnn have entered
,Sr nn .n ct %h G ' s"Vc ' psn and The
msInder viii be put in service during the present year
aTs s n%srT of Of %r fs and rc $50,
pa va M "a DECREASE Of 4s ~ or
ger % T We. 10 m ana o"s
The other Railroad Companies east Of Pittsburgh
creased earnings due to tho general
h "D the sonS IN ra py annual Sn rpo
well in the pamphlet report Of your company The
coal companc- which Interested. sos 23A
tons decreasr Of o4o tons.
LINES WEST OF PITTSBURGH
On the line. Pittsburgh operated by the Penn
syvania Company and the Pittsburgh. Cincinnati. chi
caso and ~ Louis Railway Company the result was as
follows:
Earnings Of Pennsylvania Co........s $40 sss esi Os
Expenses i2os6 a3o II
leaving net earnings IS 1902 sS2 s s2 81
Rental. Interest, "
Ne, pront on Penna. Co.'S lines. sole pa ~
Earnings Of Pittsburgh Cincinnati. Chicago
and 81 Louis Railway ISIS l35 l26 II
Expenses 49, 1876 1854 -
Rental Interest aO7s O75 30
Net pront on Pittsburgh. Cincinnati. Chi
and 81. Louis Railway Companys
lines 81 900 as 81
Net pront lines directly operated west OF - |
Pittsburgh 81 200 $50 81
y -=--=
The Of Pittsburgh account OF which
Company has assumed direct obligations or In which
largely Interested through ownership OF securities
but which operated through their ganizatons
are the Cincinnati and Muskngum Valley Railway: |
waynesburg and Washington Railroad. Pittsburgh, Char
tiers and Youghoghcny Railway Cleveland and Marietta
Railway; Rapids and Indiana Railroad roads
through lis organizaiion Toledo. Peoria and
Western Railway: and the Terre Haute and Indianapolis
IA ed hrnuR lzafl