The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-03-02

city; Of special value In connection with your Lease Of
the Little Miami Railroad.
FuNDED DEBT.
The funds for the above purposes were obtained
from the sslc Of the q, 900 o. four per cent con.
natl. Chlcas" and st, Louis Hallway Conipany' r :.
fctrcl g. in the last annual report. and from a further
the past year. Theee securities were held in the trees,
Increase %rS az I'm IN r the finisa debt eSS% ~ n.y. H pii,s n + ct no.
ci4 Ths ,,6 Chicago and 81 ST., Louis ,e EaIlMoy Company
River at Cincinnati is alnoa, completed. aud It's in.
proved highway and trolley facilities are expected T.,
largely Increase that part of its traffic. For the pur.
pose ~ rrtitiug the outstanding seven per cent bonds.
amounting to 81, 100000. Of the New port aud Cincin.
nat, bridge Company, aud pro, lding a portion II TO
funds for the reconstruction " It's hrIdsr, that COM
cent. bonds. guaranteed principal aud intrrcs; ~ The
lennsylvanis company, which owns a large majority
II also lrcame necessary FOR the vniou Depot tom.
largely Interested, TO rebuild is passenger station, and
thu, furnish improved terminal facilities NJ that In.
IS%Tis"sd PS s.Guriu S|, s. tnjf ESG y fSa n I and cne a sIfI ral
c.ut, no, year LonIs. Of which si5O,o0o We're sdll.
the balance Of the issue ICING reserved to retire such
OF the prior lien bonds OF the Company as might not
fand Connected tReTTewit 4 0 Fhe work u upon III, iS.f h"ws
station is rapidly progressing. and will he completed
The number of tons II freight moved on tho line,
wSst o. r%itt;nrrsh was ioliolto, a decTease Il
gsi, a decrease Of w., iao. ' '"'''''
Tho gross earnings Of all lines east and west II
sting espcnscs, ss,5.v3gv so. and net earning.
psrti WIN ls9S, Of Sd.ga5,R39.l5. and 70 nst' earn.
. lNLS ~ 81, l.O,NJ2. ~, There were liD.lN2,tiI tons
tom AMI y 'SiS'sGo p%aDsengcrs carried, decrease
GENERAL REMARKS.
I. or has hccn paid the Mann GER. OF the Tr st
Ct ,a'.d o:toDTr gta ISIS, ~ the COMPANY, toIe.
total income th.refrOm has cen ,6.OB7 500. 40. snd
on that untc securities amounting at par TO yS.Ylg..
$50 were held n the Trust, Welding an interest u
nv" and onc,hali per e, ut. for tie year. There was
stpE priniei 10 the Trust for the year 1870 tie sum
me fond, Of the American steamship Company,
/ Iunlntfnk tn Il N hnn nIt IA DriuaiI.I an lnsAs.a
Of which Were sqsrsntesd y your Gomgsny ma,pred
had teen presented up to the close OF the wear, were
paid ont o. the Trust Fund. That amount. together
chased from time TO time a. they nstured' has been
.Isrsed as,ins, III, principal of the fund. as well az
town Railroad which we're guaranteed by the United
assumed by you under the lease OF the PROPERTY u
IN" latter company. These obligations have prac-
policy pursued in the creation and maintenance II
tue Trust have been met without any draft upon
The G,,s., o. the lnsqyngce Fund at the end Of th:
5l5Osa.ss as compared with IsV5'
the membcrship q the Employees Relief Fund q,
e,tablishment; During the yearthe members contrib
S StsG f fin.s 'c cSn tri wIls H. S?iapipy t s1d d is sfnli,
expenses. ani. 5io.gIt,20 For extra benefits TO mem:
weeks. aud VIII" were therefor no Longer entitled to
REGULAR hcnchts from the Fund. The total receipts
histnning ~ the year 5.Ji,95I 10. After Distributing
ease. OF disability arising from sicEne,s and accident,
and meeting all it, obligations AMI providing unad.
carried Over to ihc present year
III II im'"r 81 d-pr-ltpr- In the Employees Saving
Fund " tle cni NJ ~" year wa' i.NIi. an increase uI
4jl. The amour, rs"ivrd from deposition, during
fund a. the close Ok the Year was 81. ~ spa rs. II
whi.h =. j11.0'0 i in''stsd. in securities bearing In.
Necessary funds were ieposi,.d in New York to
R%Trs 3 r '@r st IL tae St. q nou isvi vanRP sf c snd 1s erss
l!.aiT kai!roai company watch inatured January
BY BY the bs"; ferr Tai aa aia' and nd 0 i@dissapo Hsdf E..l lra.i
C,mpany, an the latter Lsvins been unable
all H. rrnpsrtiss have been at their instance. PLACID
although the vandalis company was in no way re-.
~sgon.inlr Tor the default o. its lessee, and was fully
ricahle to sell Its securities to adv sntsge and thus
E ESTr Gom rhe means sns. u ,sc rsti5r 'a as tho ,ad IererT' tus sS.
an,"r Thereof. become their purchaser and viii hold
indianapolis Railroad Company and Its leased lines arc
ON April iath. 1899. the Fif,icth Anniversary o,
the Incorporation OF the company was appropriately
ssSS r hraacm ~ o. 4 ! MS.iS, a, whlSb az sa ar q s.%sx m.1s nsss
by your late President, MI. Roberts, also by the GOV.
C!ty Attorney. o; pit,s6arsh. representing the Mayor
r Tni ase. ShS, H board rTg "a Trade lFs Mf' j. rf fa i B 81 x.
one u tie Wee; President. OF your Western lines. and
81 David $ Gray having re.isnea as General
srrnrs.rnt".irs Of your system on the s0are OF
Dawson was aPpointed on I3tn July. lseo. TO an the
yscancy, and Nj g. W Forester we appointed
N''''h 'hshae'i VI va N'i'h Ldhe IA ''f Da"h'h
The Board have to re cord the death of one Of their
OLDEST members, Nr. Henry ID. welsh, on the 10th Of
December. lsuu. Mr.. Wclshs connection OF over
S SiSe' lS IL s'q Sch Sht make ak SI" ioss Sn sAi to he deeply ' re-.
srrtted. both personally aud onncially, A a leading
director o, a large number OF your subsidiary cor
your interests. and won the affection and esteem Of
board aI E, To :aS1%e 3 S M2' Ms T1s : .sG Mr . r Pf psis s OF so:
9,ppSinted Auditor OF the Tras, Fund OF October st1
MI Morris from that position.
Mr.. John Scott. who for forty years had been con.
nccted With your legal department, during eighteen
YEAR, Of that PERIOD haa been your General s]olit!tor,
Gi"d on the 18th Of Soveniber. isva. Nj SSSif.
sSa.s,oa as,i,y 5 Y his pr% u; sS,2 m n,ss lint ,n,es ,p n, and
able adviser aud trusted friend, and the Board desire
won Tor him the confidence and regard Of all VITA
whom he came IN contact,
Philadelphia and Erie and Northern centrsi Rail.
msysi died on the iIt9 q, otso'eT, 49, vi. Sri."a
since 1855, and hal fllrd tn. responsible position
Ills intimate kn"wl@iss Of the properties under Ms
charge. and his Intelligent and srslouS devotion to tho
,PS,,si on,tsr., nj J Vi Waltz. w Formerly sapsTn:
tendrnt ~ Motive Power Of the rrunsyiv ania Rail-
road Division, was promoted 10 MI the vacancy thus
the loss @f ydar late irysiicmt. Mr acorsS n. Roberts.
wh",r NE had practically been spent in your service.
ON the original conservation ~ the Main Line, had sue
S Until hey " AZ rr "Tri r "r"' %atT in 'JJs June. $50. During
thr seventeen years ~ his administration he devoted
lis exec ptiuntl abilities to strengthening and rom
snliiating Your system, and brought 10 that work .
ripe Judgment and long rNperience which were OF tho
greatest value In the determination ~ the importAnt
QHrStiurS which from time Ia time affected your wei.
fsrt, Sr Roberts died on the 3Oth ~ January, 1877.
after - prrtractei illness, and the board submit
with their fll report the minute adopted 10y them, in
the belief that II will meet the full approval OF the
stnckh"lirrs, AMI that they will share the profound
regret felt by the management al III" loss ~ ono
whose controlling thought during his entire ofnciL
lfr was for the conservation and advancement OF tho
Interests ~ the Company
Nj. Frank Thomson was elected President on the
Nd ~ February, lSu;, 10 III the vacancy caused by
the death ~ Mr.. Roberts; and In accordance with the
" Nisei organization adopted on the 10th NJ February,
Mr., John = Grreu was elected First Vice President,
Mr. charlie, r. PuEh second vice President, and Mr..
sutherland VI. Provost Third Vice. President; Mr.. sam.
ucl kra WA appointed First Assistant and Messrs.
William A. Patton and 4. 7. Po,tlrtnwaite additional
Assistants 10 the President; VI. William II. Joyce,
Freight TrIrno MANAGER, Mr. J, H. Hutchinson, General
Manager, rt's Mr Provost, elected Wee. President. and
Mr. MirhR"l Trump, General superintendent Of Trans
lurtatlnn To- MI tn" vacancy created by Mr., HutGhin.
sons promotion
condensed General Balance Sheet OF the Company
Is hereto appended.
The Il,Ar1 ANA fhaIr LVnx-1aJrn,an - ,h.