The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-03-07
REMARKABLE DOCUMENT
ANNUAL REPORT OF THE PENNsYL-
WANNA LINES, EAST Nj WEST.
An Exhibit Which Is Not Likely tn BE
surpassed for "a Long Tinnc-Gen-
eraI and Personal Notes.

The annual report of the Pennsylvania
Railroad Company and OF the Pennsylvania
Company, controlling Western lines, is one
of the most favorable ever issued, and viii
not likely be surpassed for some years to
come. The Pennsylvania lines, with . per
cent. Of the railway mileage of the United
States, carry II per cent. of the freight
business Of the country, and there Is no
large system on which earnings are 50
large a per cent. on the capital. During the
year 1900, on the Pennsylvania road east,
were carried los, S47, Sis tons of freight. A.
22,5l9 passengers. With an increase OF but
ten tons In the freight trainload. the COM
pany gained 50 cents In the freight train
mile revenue, owing TO the higher average
ton per mile revenue resulting from the re-
classification of freight and the advance in
coal rates. The gross earnings on all lines
east and west of Pittsburg for the year 1900
were SIP, 1921. 13S. Is; operating expenses, $l1S.-
$40, 1s2 30; net earnings. s54.07 656.4s, an in
crease In gross earnings compared with 1899
of $40. 525. 650.56 and an increase in net earn
ings OF s., 399,Si4.75. On lines east and west
OF Pittsburg there were 215. 500. 75S tons of
freight moved, an increase over 1899 of
5,S9S,l95 tons; number of passengers carried
on east and west lines, 50, 4S7, 2Oi, an increase
of lis. 1874 over 1899.
TIL report says that 6 per cent. second
mortgage bonds Of the indianapolis q Vim
cennes Railroad Company for sl.4OO. 600.
which matured May 1, 1900. were purchased
by the company interested and temporarily
extended to 3h per cent. pending a merger
OF the road on a proper basis with other
lines in the Western system. The CONSOLE
dated mortgage bonds of the Pittsburg,
cincinnati n st. Louis Railway Company,
which matured Aug. /. 1900. were provided
Tor through the issue of 35 per cent. bonds,
Series IL, under the consolidated mortgage
or the Pittsburg, Cincinnati, Chicago * st.
Louis Railway Company, outstanding at
that date, amounting To ISL, 6S7. 900. The re-
port says the pension department., which
mas been In operation for a year, has fully
met the purposes of its establishment. The
membership of the employees voluntary re-
lief fund of the lines east OF Pittsburg con-
unues 10 Increase and aggregated 81 ,52S at
the close OF the year.
The chief engineers report shows that be-
tween Jersey City and Pittsburg. 40 miles,
III miles OF four tracks are I'm use. During
the year "a four-track stone archeo bridge,
S;szo Feet In length, over the Susquehanna
river. was completed. President Cassatt
says that on the main line the time has ar
rived when IL Is necessary TO push forward
vigorously the completion of the four-track
system. Considerable expenditure will also
be required for additional terminal facilities
at various points and for real estate. power
and equipment on both the Eastern and
Western lines. No ~allusfon Is made TO the
relations of the Pennsylvania lines to the
Vandalia, now I'm the hands OF Receiver
Malott. The matter of elevated tracks
commands considerable attention I'm the re-
port, as such improvements are contem-
plated through several cities on the Penn
sylvania main line and at Pittsburg and
Chicago. The death of Il. b. Comegys, a
director of the company for twelve years,
and of John G. Sims, assistant treasurer
from 1876 To 1881 and then secretary until
III 1Anfh an Inn a IglT II
spoken OF, as was the death OF III. Ely. SUI
perintendent of the employees voluntary re-
lief department. The board renewed it's ac-
acknowledgement TO officers and employees for
the fidelity and efficiency with which they
discharged their duties during the year 1900.
The gross earnings of the Pennsylvania
lines west of Pittsburg were SIS, 407, 562. 2S;
operating expenses, $751; 05, 1868. 60; net earn
ings, 81, 401, sos. 50.