New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-07
UHLMANN'S REPORT.
nr ADVISES AGAINST REDUCING TRAIN
SERVICE OR WAGES.
ALTHOUGH THE BROOKLYN EI'EvArhp's S~""
mas ARE pEcREAsINa HE THINKS
THE FUTURE HOLDS BETTER

rh. annual election Of directors OF inc
ELEVATED Railroad Company was he'u 80 .o,n,
r,rnoor at the sands-st. headquarters OF 'he I'm
tn. following directors were eiec'eo io'
,se- Errs, Thalmann. Edward Ldu'e'o"0"
leonard Lewisohn. Simon Rothschho' '".o'
schoue Henry Sidenberg. Henry W. u'"aN' a. -.
simon Uhlmann. Frederick Chimann. 49, ana
Wincatc Elisha Dyer jr, Wiiiah i'""' '
Emil Schaefer. T., ,soe u,tb
A.. axoer,,on Of Henry w. Putnam. jr. VINO taxes
the Mace of Ebert Snedeker IL was CIV"
that Mr. Snedeker voluntarily mace way ~.
putnam The latter is a son OF Henry W. f"'"a,'
Of York. who was formerly p'es''e"'
company. M, voted
-, .ccoun, Of his death. Appropriate resolutions
wsre adopted Mr.. Barrett held at the time VI ms
death only small portion OF the lo."" ena ~.
stock OF the company. formerly heio III u. ~.
him MANY OF the shares were turned over " ''e
widows and orphans for whom ne he'" '"e"'
trust. -, - Nordav
,S s,ruaI rsport presented by President FREDERICK
I,h,mann shows falling off in the earn''e' y.
tho road. The net earnings for three years "e'e
1874 sssa 75s "a: 1885, 1924 SOS 81 1896. ssSse %
President Uhlmann discusses the repo'' q"
lows: ,a,r.d the
OF the phenomenaly large earnings b Us rs;
year. to wit the ,r1liey h s,n receipts Of that
quarter. ~ oomnar,son OF the business OF 1876
would be with average figures OF 1857 anu '''''
follows:
1894 and 1895 1896. Decrease Increase
''I nss sos sa2 e. s.7lssss 10 siss9a 81
op espsnses Ioes sss 40 ic2esss az sse''
Ss iSs. earn see iisS2s Is $685. sss 81
h Tpg 3so34 Ga 1884 20 " i'''' %
From this comparison it appears that IN l,SO
.oss earnings decreased ssS per cent operating eA
nsas 90 ner cent and net earnings 46s per cent
phiie .he x ed charges increased 30 pei zoo nd
me increase Of fixed charges In iS" oVS Sare COM
1879 Is .S northern division Of the SEASIDE anu anu
brooklyn Bridge Elevated kanIo ,n,r company has
loop at the Brooklyn Bridge ana arcs yp thereon
asSu, Snr re5,Iction in operating expenses voa
ONLY have been effected by reducing s s" underpad
or do not render the best service ;rcor
einpio', n,arranted in recommending 10 the iii
ing Board of Directors 10 wages at existing
1s a; The fact that the entire amount srsons
Your company during iSs ISr ~ Is all that need be
1ncluuIS T.soect TO the faithfulness care ana "S'
1ime ~ The employees OF the company. oceints of
ne ~ ,s 10 be ascribed 10 two cau .S 81
hard times of 1896 and the co"pe"''''
face roaa lions are pending and should be com
,,s,eS whereby the railroads OF the hnes onnany
$Tevaied Railroad Company and tn,s nv tra nc
,yould he opera ted under one mahasei" -
Agreement or merger on 1ali oaSi' ,ha matter OF
az The greatest Importance Is tlle over the
through traffic without e erdss board Of three
New New, is now considering the question o, csre
Feasibility and the practlca59i,hy ough communica
cLoss ,,bot change Of cars result from u Irook
forts it is selfevdent that the pa ths
iyn w1ud Iapi snd all other property would ma'er
ally enhance In value.