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

The favorable results from the working of these
lines show the improved conditions existing during
large increase. and u substantial surplus was carried
TO the credit OF profit and loss, after providing for all
The amount expended on account of construction.
equipment. and real estate was Seo9.oS7la
the usual outlay for car:trnst equipment; was on tho
ani chIcaso Railway in in the b city Of GiSicaso. IN n com:
Pliance with the requiremt nts OF ITS municipal legjs'
Street and state Street has been % completed. wktIe IN
the PttSbprgh, Cincinnati. Chicago and 81. L"ui!
ogden Avenues has been in use for several months
FUNDED DEBT.
In view OF the fact that q large amount Of bonds
upon the lines embraced in your Western SystcIn
would mature early In 1895. i was deemed wise 70
take advantage of the prevailing ease In the money
market to secure. at exceptionally favorable rates.
was therefore made OF $4,000 900 Guaranteed Trus!
S epnmas %, me Psnn;yl'anIa COMPANY. 6s,"s
bearing three and one,h1lf per cent Interest lns''
Annuity and Trust Company OF ! niadoIphia.. a.
Trustee. and are secured by the deposit with mat
Guaranteed Special STOCK or the pirtsbursh, For'
Wayne and Chicago Railway Company. The POM;
and interest OF theoe certincstes, and your Company
Constitute series A OF an authorized issue OF 81.
600. 900. anu the other series viii be available from
time to time for the capital requirements Of yon'
Among the securities to be provided for through
the -. Louis. Vandalia aud Terrr Hamte Hallrond
Company. maturing May LIST. lSpS. ami amounting 10
~, 900. For the purpose OF protecting your lr'
forests In that road, In which your system has u con.
trolling Interest. these bonds will be purchased ana
held until the relations between the Terre hAute ara
indianapolis Railroad Company and It's leased lines
are further adjusted.
No definite result has yet been reached In the MT
cation growing out OF those leuses and the guaTan'
tees made by the Terre Haute and Ind annapolis Raj.
road Company prior to your securing the control ~
that system. The property Is SIN In the hands OF d.
'. J. halott, as receiver, and has been faithfully ahi
prudently administered IN The interest Of IL pwT.-a
and creditors. But the current revenues ~ The tys'
tenn are unable to meet Its obligations AMI rT"Vlds
Tor the renewals and betterments absolutely essential
10 the proper maintenance OF the property AMI y
would Oe greatly to It's advantage II au elu'ta'Hr
oasis could DO reached, satisfactory to thr various
interests involved, upon which It's liabilities Cpu,h 10
Drought more into accord with its rarniHg "aIhrt1
me rebuilding or the bridge over the pltl river 40
Clhcinnati was completed on the 22d ~ May, l-',
aui tue improved structure furnishes aim.r"l,s
faculties Tor rail. trolley, and highway Iranic IhS
Trcohslructlon OF the passenger station NJ Columbia,
ONO, was also practically completed on the s'cuul
Jay OF July, 1877, and IL ID now fully adapted TO no
requirements or the passenger 'Tanlc al that point
inc number or tons Of freight moved on tho ines
west or Pittsburgh was 81 o U.O5b. an in 'Teusr {
3;tEhplo, The number or passengers was lo,5aE'
120, a decrease OF 5000.
The gross earnings OF all lines east and weEt Z
Pittsburgh for the year were ol2s. e7s, OS6. so, orsr'
stlnS eSPenses' SshoIl .osi 81, and not earnings,
elo,h5I! oSt W.. an Increase In gross earnings, CON
ingS OF Se'SSe'lle'oA' There were Io9.blo,Vao ~