New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-01

erase Of s1432S 3O6 tons. and 6S.SsS.697 pas
,engers carried. decrease OF S.O1hlG.
GENERAL BALANCE SHEET (Condensed).
Dn'rs $Esnrs g. 1897
Cost Of road asa equipment sis1 1870 $40 IS
Cost Of securities wI the lease Of III. VI
'efuTii' J. ' r. r. and c a2 4ea 2,
Current assets:
-. ssructicn and other purposes sS.sSss42%
Due agents and super'n- o-o
BIS 'hsI receivable and misceiia-
assets ..-....-..... - ySe oz
ash ......... ............. 1922 200 40.
Sinking fund trust fund ana insurance %
ssnd ssso $50 so
Total s27s s2s Sal oS
f'adsd dss cnciudins mortgage, and -s" y" W
essTsn:eed stock and bonds .. the liar '''''''
csse- Ra,lrSad company. ,...'...... 1882 $50 90
sespr,ties rsee,yed win The lease Of the
Eysraosdinsry expenditure fund i.S'oco 90
PayTolls, vouchers and traffic
Other 5san Tac 'S Saiaaos. ioi77msSs
Inte-es; accrued natured and
unsolicited and dividends
Dive savins fund. relic: fund 'v''0'
Miscellaneous liabilities. 1886 -
sinking and trust d......... lI.coe3s6 p
Total ........................s2 7s 4ao s4l o3
ROBT. w. SMITH. Treasurer
The report in speaking OF the funded debt
says: I'm view OF the fact that large amount
Of bonds upon the lines embraced in your
Western system would mature early In 1898. it
was deemed wise TO take advantage of the pre-
vailing ease in the money market to secure. at
exceptionally favorable rates. the necessary
funds to meet such obligations. sale
therefore made Of S5.0000o0 Guaranteed Trust
Certificates OF the Pennsylvania Company. dated
September l. 1897 having forty years TO run
and bearing 3i2 per cent interest. These certif-
Gates were issued by the Grard Life Insurance.
Annuity and Trust Company OF Philadelphia.
as trustee. and secured by the deposit with
tha; company OF an equal amount of the I per
cent Guayanteed Special Stock Of the Plttsburg
Fort Wayne and Chicago Railway Company
The Pennsylvania Company covenants to pay
the principal and interest of these certificates
and your company guarantees the performance
Of that obligation. They constitute Series a OF
an authorized issue OF $50 100000. and the other
series will be available from time to time for
the capital requirements of your Western lines.
Among the securities to be provided for through
the sale referred TO the second mortgage
bonds Of the ST. Louis. vandalia and Terre
Farte Railroad Company, maturing May l.
1855 and amounting to 50 900 900 For the pur-
pose OF protecting your interests in that road.
IN which your system has a controlling interest,
these bonds will be purchased and held until
the relations between the Terre Haute and IN
dianapolis Railroad Company and Its leased lines
are further adjusted.
1T will be noted that there was no increase In
the funded debt OF your company and that the
obligations issued by the Pennsylvania company
We're at the lowest prevailing rate Of interest
and for the purpose Of redeemihs per cent
1irac
part Of the system OF that company. The report
Of the managers OF the Trust created October
Q, 1878 hereto appended. shows tina; there has
been paid BY the company TO December 81.
1897. the sum Of S4655456 80. that the total
income therefrom has been S6.525. l46 %: and
that on that date securities amounting at par TO
Ss.12o,410 were held in the Trust. There was
appropriated to the Trust for the year 1897 the
sum OF S9i, 40 a"