The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-03-01

opened for trafno on July 9Th. iep7. The n,srr ,hss
~ been dsmsssd we're entirely rssuhiIts' ss PeiI = new
or w erisu scRs =, 'S os , nsSsBspr w1s a crsditsols piece
ton in ten working hours. while the whole s,ructnre
was erected IN twenty one days.
upon the United RSnrosGs Y m W.% J HIs,ns p 5RS yont
Snans. OF line was made In New Brunswick and
ress was made toward completing tho automatic
siFnsls between Monmouth junction and Trenton,
The new ferry between Jersey city and Twenty.
18TH. isapS' T my n n95k; c wSS put in operation May
promoted by the establishment OF this new route.
station, rhiisdslphjs. wa, also establshe srH IN eo Ssnses
through the PURCHASE OF property and the erection stiip Of
the necessary buildings thereon.
and aaSlllsry lines was .slSs.soo.SS. on account OF
,,mo 'nere waa received from those companies the
mainly In Oh. compilation OF the ali.ral connection
tween your lines in Peinsyivsnis and your seashoro
nnes, and In the construction of q branch and sldings
On the seventh day of January a consolidation was
made OF the hanover and York railroad Company
under the name OF the YORK, Hanover and Frederick
N ,%seS To GS0% sbs Ey:s ss VS. p, nns, tho entire line be.
The property heretofore known as the Brooklyn
SstWssnA S your TCJ% ersss CITY ,nG p,e fSFs sns s1oo SpSTa; nnS
other points in the harbor or New York, has been
proving the f%sciiities for the passenger tr uls% 9 20 and nd
from those ~ IMPORTANT centres.
WIN thO u VI DtlhWhE0 V
fro,, an. an IN me general amproSsmsnt Of the hsrsor
phte. the work OF reconstructing the ferry facilities
at Market Street wharf s being rapidly prosecuted IL
Of this work viii Se q Completed % AND it The se eo = hSss
OF the public will be thereby materially promoted.
seeshore travel the dou6ie.tracfina Of the line Of the
old Camden and Atlantic road 10 being completed
the G,s1 i sst Of TMf ay Mifi DO BOG IN p saoslien to oo sns y15a' i. sn %s BY
rss bsss ssc ws., J Of the o5 p=s's s.asso,t trI snS,o ws' oh
The ferries as well as by the all.rail connection via the
When the $4,000. 900 of four per cent. Equipment
Issst gold bonds were issued by your Company in
ticable 70 retire the same through the Sinking Fund
pledged for their redemption: such fund should be
bonds had twenty .nve years to run. the object OF this
n ne. nn. Occurring @ during that period and ensure 70
sSe , ho'd Trp Of me :, s ssn fa,,, the s%,s s0 m In,Si possession .o r.. ns,
iiGstiTns outstanding .s5 nd against them; The original
i.o7s. cars. having heretofore been carried at cost on
your books. Il has been deemed wise to red uce their
cess has therefore been charged against your PROFIT
and Loss Account.
Front and Loss Account the cost Of the stock held by
you in the summit Branch Coal Company. this prop.
erty having been sold under foreclosure proceedings
by the mortgage bondholders. The condition OF this
the depth Of It's workings have made its future V 81
problematical, and Il was deemed wise to reduce the
valuation OF Its securities in your accounts accord.
The Board record with regret the los. by death. on
Purchasing Agent. NJ. A. ". sumner mn M. Sumner SDSr
had been connected oncially with that department
since June LIST, 1889. having been Assistant Purohas.
ing Agent from that date until December LIST, 1903,
when he was promoted to be lite head. He performed
the responsible duties devolvins upon him with tho
utmost integrity and ability. and possessed the
thorough confidence and regard Of his associates.
Under the revised organization, mr.. Charles A.
chipley was. on March 10th. 1897. appointed Gen.
erai Freight Agent. in charge OF local trannc. and Mr..
John b. Thayer. Jr. General Freight Agent. in charge
OF through tranic.
A condemned General Balsnoo-sheet OF the Com.
pany is hereto appended.
The Board renew their acknowledgements to tho
offcors and employees for the fidelity and efficiency
with which they have discharged their duties during
the past year.