The evening times., 1897-03-02

York 10 purchase the 81 ,68s, 900 of seven
per cent. first mortgage bonds or the 81
Louis, vandaiia. and Terre Haute kall-
road Company, which matured January
LIST, 1897. This road is operated under
lease by the Terre Haute and Indianapolis
Railroad Company, and the latter haVi,lg
been unabIe To meet its obligations 10 the
other lines leased by 1T, all its properties
have been, at their instance, placed In the
hands of q receiver. Under this state OF
facts, although the Yandalia Company was
in no way responsible for the default OF
It's lessee, and was fully able 20 meet IT'S
own obligations, IL was found imprac-
ticahle to sell its securities TO advantage
and thus provide the means TO retire tie
Donds referred 10. Your Company mas,
therefore, as the indirect guaTaptoI tAeTe-
Of, become their purchaser, and VIII hold
them until the relations between the IerFe
Haute and indianapolis Railroad Company
and its leased lines are finally adjusted.
on April 3th 1886, the Fiftieth Ami
veTsary or the Incorporation OF the CoilI-
pany was appropriately celebrated py q
public meeting OF the stockholders at the
Academy of Music, at which audIessts
were made by your late Presideht, MI'
Roberts, also by the Governor OF IennSyI-
vania, the Mayor OF Philadelphia, the City
Attorney Of Pittsburgh, representing the
Mayor OF that city, Mr.. FIederlck fI9iey
President OF the Philadelphia boatH ol
Trade, Mr. j. living Brooks, one oI the
Vice-Presidents of your western IlheS, anu anu
Mr. Joseph II Choate, OF New YORK the
eminent orator and lawyer ...a =.
Mr. David s. Gray having Iesignttu 60 an' a9
General Manager of the Union Line 70 at
cept the position of representative OF YOU I
system on the Board of Managers OF s tae
Joint Traffic Association. Mr.. Z a. Law
son was appointed on 9th July, noS2, 70
fill the vacancy, and MT y. w. 70,
reSter was appointed Western ManaSeI oi
the Union Line in MI Dawson plattSs' n,
one OF their oldest members, MT. HShiS
ID. Welsh. on the 18TH OF Decehi''e i,,,,,..en
years with the Company. and faithrui Sery- ~,
ice in its behalf, make hls loss oue W D
deeply regretted. both personally anu
officially. As a leading member on gouI OUT
committees and as an officer anu uileC-
tor OF a large number OF your suDslui.dIy
corporations he gave the greater poI POI ~.
of his time TO your Interests Idcyots anu Won 'i0
Mr. Effingham b. Morris was tleoItu q
member of the Board TO succeed MT. "ehh'
ami MIR. r. Dale Benson appDlnteu Auui- a.l
tor OF the Trust Fund OF October Sth,
1878. TO fill the vacancy cTeatea ~ ' Ine
resignation Of Mr.. Morris from that posi-
ton.
sir John Scott, who for forty years had
been connected with your Legal depdr.I,
ment, dunng eighteen years OF that peFlO9
had been your General Solicitor, anu
then until his death, the CounSel OF lhe
Cotnoany died on the 29th OF November.
1896. Mr.. ScOtts signal aDillty III hs
profession. high integrity, ana conscen-
tious discharge OF duty made nun aI
Invaluable adviser and trusted friend, and
Tho RoaTd desire 10 acknowledge the
sterling traits Of character that won l0T
him the confidence ana regard oi an
with whom he came in contact.
Mr. Robert Nelson, General SupeIlh-
tendPnt of the Phlladeiphla ana fsfle anu
Northern Central Railways, died on , ths
12th OF October, 1896. Mr.. Nelson nad
been connected with the lines or your
system since 1853, and had 1iied the
responsible position which ne heid "a, aL
the time Of his death since 1905 MS
intimate Knowledge OF the properties IN
der his charge, and his intelligent anu
Jealous devotion to the interests OF thS
ComDauy made him one or It's most tTusIeu
officers Mr. J. NJ Wallis, formerly SU-
permit endent or Motive Power OF lHc
Penns ylvania Railroad D1yisl on, was
promoted to fill the vacancy thus ca,lseu. s..,l
Since the close of the year thr company
has to record the loss of your late Presl-
dent, Mr. George B. Roberts, whose hIe
had practically been spent In YOUR service,
and who beginning as a meiIlDet Oh an
engineer CORDS on the original CONSTRUCTION
OF the Main Line. had successfully iHird
more aud more responsible posluons, unLH
ne was elected President in June, lSSO-
During the seventeen years OF his admins
tratiou, he devoted his exceptional abultles
to strengthening and consolidating Your
system, and brought To that WORK ripe
Judgment and long experience which were
of the greatest value in the determination
of the important questions which from Ilne
to time affected your welfare. Ar Ho9 H999-
erts died on the goth OF January, loSf.
after a protracted illness; and the bOaru
submit with their full report the minute
adoDted by them, In the belief that lt VIII
meet the full approval of the stockholders,
and that thew will share the profound re-
gTpt felt by the management at the loss OF
one whose controlling thought during MS
entire official life was for the conservation
ana advancement of the interests or the
Company. NJ
Mr. Frank Thomson was elected ifes!,
dent on the Sd Of February, 1897 TO III
the vacancy caused by the death or MI
Roberts. and in accordance with the re
viSpd organization adopted on the IUtn
of February, Mr. John L Green was elected
First President, Mr.. Charles h.
pugh second Weep resident, and Mr..
Sutherland NJ Provost Third Eice-PTesi-
dent. Mr. Samuel Rea was apI Ointed FIRST
Assistant and Messrs William A Patton
a nd E T roStlethwaite additional Asslst-
.ants 10 the President, Mr. William H.
JoycP, Freight Traffic Manager Mt j.
b. Hutchinson, General Manager, wee MI
Provost elected ViCe-FTeSldent, ana MI.
Michael Trump, General superintendent or
TrausL ortatiCn 10 fin tie vacancy created
by Mr.. HutChiusOnS promotion.
A Condensed General Balance-Sheet OF
the Company rs hereto appended
The + GA rd renew their dCknO WledGsme entS
to the officers and employees for the fidelity
and efficiency with which they have dis
charged their duties during the past year
the Board.
FRANK THOMSON. President
SHEET. (Condensed.)