Evening journal., 1901-03-07
NEWSPAPER OPINION
Annual Report Of the Pennsylvania Railroad

Annual Report Of the Pennsylvania Railroad
From the Philadelphia Ledger.
The annual report OF the Pennsyl-
yania Railroad Company is prepared
for the Information Of the st0ckhold-
ers and is of greatest interest to them,
because eitshows their property TO be IN
excellent condition under hroadand lib
Ieral management and earning enough
money to pay per cent dividends and
ALLOW large expenditures for Improve
ments. But the report is scarcely less
Interesting to Pennsylvan.ans who are
mot stockholders. for the road is
great public institution, and the mag
initude OF It's business interests has
lmuch to do with the prosperity OF all
1.-THE people Of the commonwealth.
/ Some OF the figures from the report,
lwhon grouped together will convey an
idea of the magnitude OF the business,
which has been built up from small
beginnings. The gross earnings Of the
Hines east OF Pittsburg for the year
l1900 amounted to more that SSS,5OO,-
loco. and the net income to more than
1917 000,000 More than 100000 600 tons
lof freight were moved on the lines
least OF Pittsburg, and the number of
passengers carried exceeded 10000, 600.
The lines west OF Plttsburg had gross
learnings of more than $25 100000, and a
met income of more than $4,000 600. The
4 lpittsburg. Cincinnati Chicago and st.
n Louis Railway Company earned $22,-
1000. 600. and had a net income OF 81
l3S2.35U. The gross earnings of all the
lines east and west of Pittsburg eX-
lccedcd Si72 100000. and the net earn
Iings, S54 OOO0 an increase OF S20.-
0OO,00 IN gross and SS,O00,000 net earn
/. |ings compared with 1899. The entire
system carried 2le000OOO tons OF
freight and S2,4S7 .204 passengers.
The company deals literally with its
Iemployes and last year paid s12S,39O tc
the employees voluntary relief fund
sides eXpending nearly 100000 in pen.
siOns and allowances under the recent
o. lly established Pension Department.
Very large sums OF money hav,
been expended in recent years upoI
, permanent improvements to the prop
erty, and the four track system nCv
runs all the way from Jersey City {,
Z Trenton with the exception of tw,
bridges, and has been carried so far ol
D. the Pittsburg division that only ~
miles remain to be built to complet
i the system. Among the contemplate
~ improvements are elevated tracks an,
b new depots in Chester Wilmington
e Pittsburg and Newark. which viii
= lgreatly facilitate traffic and reduce tn
d risk of accident Similar improve
70 ments have been planned for Ne,
=, Brunswick. Trenton and Camden. For
ltunately the company is in such hnan
lcial condition that it can undertalx
e this great work and pay for il out O
" surplus earnings. Under a recent &C
d lof Congress the line through Washing
ton must also be revised so as 10 avoi
grade crossings, and this will max
y necessary the construction of a ne'
Ie station at the capital and a new bride
re lacross the Potomac.
i- The people generally, as well as IN
ID stockholders, are interested in the.
IN improvements, and especially in n
wise and conservative MANAGEMENT
- one OF the greatest corporations
d. America. which is distinguished for n
ne excellent service IL renders the publ
g. as a common carrier. as well for 4
IN liber&lity in promoting worthy publ
projects