New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-03-06

e n: s"s K: as1n. a You: md so. R
Its own income The Of exceeded
60lIas 1t is satisfactory TO ind the this
provide TO great extent for the requirements OF
There were practically no charges to capital account
on branch and au.liay lines with the exception Of the
The extraordinary expenditure mainly in the con
valley south West Penns9vania Raiiroa aa
on the Psbnrsh: Virginia ana charleston RaiiwaS
Railroad IN the the wo % y,oa sd
the track OF the Atlantic City Division equpplng
considerable outlay viii be necessary during che
the extension Of third and fourth % ra .arousa
yard and other freight facilities the establishing
and equipment, The bridge over susquehanna River
,ns Passenger station ana the elevation
involve heavy expenditure The necessary ieg,sIa-
s0n having but recently been obtained
take up this question during the tie
vision on Of the line viii be the eopleton
Street, additional at Harsmus new passenseT
Meadows Yard w also ana TeoT tire Of the
While further additions necessary your floating
Your attention particularly directed very large
sSr.. grand dsons E OF P
greater than the tonnage Sns b an aSns,
10 30 ss IN any year PREVIOUS nerss. IL sr.,fyins
sspt,onal regularity and despatch and without
for the liberal and udcious expenditures
extensions o
yards and terminal facilities. well Tor additional
Locomotives of greatly increased and freight
lines - 0,-'' lam '-'''' '''''"' -''- ''-.
The general business OF the country be expected
iron and coal industries which furnish such large pro-
portion Of your tonnage are snrsIg upon new EZRA D
but able TO compete successfully in the markets OF the
public the traffic.
Viii De neessaTy 10 continue 20 oc bereofore
pursued and which has placed your Company in It's pres
pendtures should from current income, but
portion through increase OF capital Your
opinion that within udcious limitations
shs sep pUtE nv adding 70 he funded debt and as
only eight millions OF stock available after
recently will necessary to increase the
amount Of yorr authorized capital stock The necessary
for that purpose will be submitted at the annual
While the growth OF your traffic and its successful
movement are subjects Tor GongratuAton yu tom
mile rate E0r yTaT rb me RAM has steady decreased
on your road it & 5s that a %n 2pt one in the
rate below thai OF ehe r 6 3t in ssa the rate fell
point reached AS may be supposed rallWay man
without making strenuous Efforts 70
with but little although commercial neee
,ig,,, no 9'rnI, the mast YEAR when the industries
the country enjoyed prosperlty aInost 5 ga b
utmost, the fan in rates has sun continQsd tiad me
snses disastrous results must have followed
Is limit and It cannot The possible lessen
cost Of movement The only alternative Is 10
arrest which has been arSe4y
brought apparently uncomfortable conflicts De
the railway companies. and between rival com
tAe situation Is COM
plcated The problems involved dealing with traffic
Questions covering a territory and affecting
diversified Interests troublesome and intricate
incapable OF solution and Is believed
by and united effort the difhcues IN me
be and overcome. With THIS END IN Vle"
and 10 establish closer the managers
OF the trunk lines seemed wise TO your Board 70
ACQUIRE an OF the railways reaching
the seabcard. with the other shareholders
supporting conservative
policy This will IT is hoped result in securing
do with unjust discriIii
results OF the course tha
pursued Aside from the Ildirec
benefits thus sought gained IS believed that these
holdings investments be directly profitable
With Pv,man's Palace Car company
under wh.ec a.u.r-'-t y7-s -'7 ~ T1lr 0assAr
ana sattsIaS tJrS
rnent was concluded Company, taking erect
January list 1900 running FOR fifteen years under
which material saving Will inure 10 your
benefit. ..-- ,,.ra..,,At.
and consolidated during the last year mt
the Philadelphia Camden Ferry Company, thus
ing moro economical effective service ana Iur'eE
strengthening the financial condition OF the property