The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1900-03-07
LIVE NEWS OF The
INDUSTRIAL WORLD
]. M. DAILY IS ACTING GENERAL
SUPERINTENDENT.
E. G. Russell Has Been Granted In
definite Leave Of Absence on Ac-
count of Ill Health-Meeting Of
Local Adjustment Committee Of
the Brotherhood Of Engineers.
Make Up of the D., L. & W. Board
for Today-Earnings Of the Penn
sylvania Railroad.

Announcement was made yesterday
from the headquarters of the Dela"
ware. Iackawanna and Western COM
pany in New York city, of the appoint
ment Of ]. NJ. Daily. superintendent or
transportation. TO the position OF act
ing general superintendent of all tho
company's lines, with headquarters III
New York.
General Superintendent L. q. Russell
has been given an indefinite leave of
absence on account Of failing health.
He hopes to be able TO resume mis-
duties with the Lackawanna after a
three or four months rest. He goes
TO Europe in the course OF IL few weeks
and PROPOSES to remain there during
the spring and early summer at least.
His return to active service will de-
pend uron the views of his physician.
Mr.. Russell is suffering from stomach
trouble and has had to take two ex.
tended rests from business since COM
ing into the Lackawanna's employ,
year ago. His physician has every
confidence in his being fully restored
to health by perfect and extended
rest and advised the trip abroad as
sure means to that end.
The work of the office Of superin-
tendent of transportation will in tha
meantime devolve upoE Assistant Su-
perintendent Martin Casey. Mr.. DAILY
will, however, give the department his
close supervision in connection with
looking after the duties OF general su-
perntendent. While his headquarters
will be in New York he will spend q
good share of his time in this city.
Earnings of the Pennsylvania.
The annual report of the Pennsyl-
vana railroad. which was made pub
lie Monday and which will be present.
ed at the annual meeting Of stOckhold-
ers next Tuesday, makes the import
ant announcement that at the annual
meeting in 1901 the stockholders will
be asked to authorize an increase of
sS,0Oo,OCO in the capital stock. thus
bringing the capital W to sl5O.O0O,OO0.
The growing traffic makes it necessary
to continue improving and adding to
the property and the company, while
taking part of the expense from cur
rent income is to get portion
through an increase of capital. The
board is Of the opinion that within
judiciCus limitations the wiser policy
is to do this through an issue of shares
rather than by adding to the funded
debt.
The gross earnings of all the Penn
sylvania lines cast and west CT Pitts
burg for 1899 We're SIP, 1859, LOG. operat-
ing expenses S106, ,506.9 .9SS. and net earn
irgs $45,6N,1l7; compared with 1898
the gross earnings increased $16,)3s.-
S35. and the net earnings $4.:o2,70'.
The gross earnings Of all the lines
east of Pittsburg and Erie for 1893
We're s72.?22.9s4, operating expenses
S5D.s44,6 net earnings s2?,57S.35l.
For all lines west of Pittsburg antl
Erie the report shows the following
Pennsylvania company. gross earnings
$2?,9<f.s27. expenses sl5,a5s,a!l, ne,
earnings s7.027.t16: Plttsburg, Cincin
natl, Chicago and St. Louis Railway
company 0'anhandle), gross earnings
$2l,196,Sl6, expenses Sl5,o36, 269, net
earnings $5,Sf0,!47.