The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-03-05
THE EVENING TIMES WASHINGTON TUESDAY. MARCH ) 1901

We're in the construction of additional
tracks. the Improvement Of yards az
terminal points the extension Of piers the
construction Of bridges and stations. and
the construction of short branches.
The four-track system was extended
west Of Gainesville on the Philadelphia
Division. so that with the exception of
the crossings Of the BraudyWiue and Co
nestosa. at Gainesville and Lancaster.
respectively. IL is now complete from JeT-
ScE City to HARRISBURG This work was
also prosecuted on the Middle Division
between AqUeduCt and Port R0yu and
west IF Huntington, and with IN compile
Iipn d the new tunnel through TuSSeL =
RI,tSe, and the widening Of The ole tun-
mel the four tracks are now IN service
from Mill Creek 10 Spruce Greek On the
PittSnurg Division this system was com
Iloted between Altoona and Iilly'S. and
between Manor and Shafton. Y lille the
revision of the line at Irwin's already re-
te:red to, included q fOur-trlch system
at that point and it's extension west to
LaTimeT- OF the line between Jersey City
ana pittsburgh. l40 miles. 81 miles of four
traces, are IN use, leaving E9 miles yet to
ne punt 20 complete the system The
yards at Greenwich. West Pniadel phia.
Harrisburg. Altoona. Cross N, South
FORK md Brinton were improved ana eX-
tended. and your pier facilities on the
Delaware River at Philadelphia largely
Increased The construction of a four
track stone-arched bridge. $50 feet in
length. over the SUSguehanna River at
Rockville, to take the place of the pre-
sent double-track iron bridge. is rapidly
progressing, and the work of rebuilding
the passenger station at Pittsburgh is also
Deln% pushed forward. The Petersburg
Branch was extended from Petersburg to
a connection with the existing road at
AeuIa Furnace thus completing an al
ternate line between Petersburg and Al
toona via HolidayshUrg. and furnishing
much needed facilities for the IimcStona
traftic from that territOTsr- The short
branch near NillianSburgh in Can -
TF1 -
Alexandria Branch from DOnohO- St.
ton on the Pittsburgh Riyision. e. attended
about four miles to New Alexandra.
Additions We're made 70 your floating
freight equipment in New York harbOr,
the ferry boat Chicago was rebuilt for
passenger service and the work Of equip
ping your freight ears with aiTbrdkeS and
automobile couples was continued
On Your branch and auxiliary lines, the
main expenditures were on the Pitts
burgh. Virginia and Charleston, South
west Pennsyi vania. South Fork, Ebens-
burg and Black Lick. and SchuylkiiI and
JunIdta Railways, but these OUTLAWS were
practically betrayed out of the current
income Of the respective Companies. and
the charges to their capital account were
quite small.
on the Pittsburgh Virginia and Charles
ton Railway the heaviest expenditure was
in the acquisition Of right OF wa and
real estate for a revision Of the line
through South Pittbursh. and the con
StructiOn of fOur-track system from
that point TO Thomson. a distance of
about II miles. and for add -ional yard ia
ciiltlcS. these improvements being abSO-
lut@iy necessary TO meet the demands of
its heavy traffic.
On the Southwest Pennsylvania Rail
way the principal work done was in the
construction of an extension and branches
into the newly developed coal fields south
ana west Of CniOntoWn. the laying OF sec
Old track from EyerSon u TOunswood,
the establishment Of a new yard near the
latter point, and the construction and eE-
tension Of other small branches
The EbensbUrg and Black Lick Rail
road was further extended second
track built to IOyett on the South Fork
Railroad, additional SidingS and small
branches built on the Cambria and Clear
held and "a eSteru BeEuS5E wanna KAN
roads. and reVisiOnS of grade and align
mcnt made on the Schuylklll and JunIata
Railroad.
The demands Of your traffic viii neCessi-
tate a large outlay during the current
year. In addition TO the Pittsburgh Sta
IiCH, the elevation Of the tracks. and the
reconstruction of your passenger tern2In-
ais at that point Ike expenditure VIII he
required at other important points on your
lines to avoid grade crossings and 1aClil-
tate the movement OF traffic Under ar
engagements Just concluded with the Inu-
niciDal authorities Of Newark, \. J.. your
tracks VIII be elevated through that city
and grade crossings abolished which are
a constant menace 10 the safety Of your
trains The situation AT New Brunswick
in the same State, viii also require SINH
lar trea trnent although at less cost, while
At Trenton il viii be necessary to con-
struct new bridge over the Delaware
River to secure proper alignment at That
point. Toward these expenditures the
sum of s. 100000 has been set aside out Of
the income OF the year and out Of the
profit realized from the sale of securities
a new and commOdiOUs passenger sta
ton is also much needed at Camden. y
j. to accommodate the heavy travel TO
and from the seaShore and the local terri
tory tributary TO your ATnboE Division,
and work thereon IS now in progress
on the line between Philadelphia and
Washington il viii be necessary to eie-
Vate the passenger tracks IN Chester ana
Wilmington. and increase the freight IA
cilities at the latter point While under
legislation recently enacted by Congress,
YOUR line through Washington must be SO
revised as TO avoid grade crossings Of the
public highways, your passenger station
rebuilt, and a new bridge erected over the
Potomac River
On Your Main Line The time has arrived
when it IS necessary t. push forward Wig
Orously the completion OF your TouT-trdch
system. Considerable expenditure VIII al
so be required for additional terminal IA
cilftfes at various points. and for real eS-
tate, power, and equipment
\ reference to the General Balance
Sheet in this synopsis and 10 the List OF
Securities in the Annual Report VIII show
the interests acquired during the year oy
YOUR Company in several of the railways
reaching the sea board and the amount OF
Temporary collateral obligations issued in
payment therefor The results OF theSe
Investments have been satisfactory
OF the bonds issued under The General
Mortgage OF the United New Jersey Rail-
road and Canal Company bearing tate
pril 10Th ISL 8. SIS. GEO. bearing per cent
interest matured March ist. 1ytl- Provision
was made for their payment by the sale Of
a like amount of u per cent bonds s.
cured by the same mortgage and maturing
March lst 1851 This mortgage is the only
lien upon the property. and under It's pro
visions the amount Of bonds outstanding
may at all times be equal to but cannot
exceed the sum Of so COO 600
The s.. 60 Of9 of your . per cent Navy
Yard bonds which matured January list
1901. were extended for twenty years at
- per cent
Series 4 of the Connecting Railway
Company bonds. amounting to $200.G coo and
issued under its mortgage of October 18th
1864 having matured September 18th last. 2
new mortgage was created for $1,000. orc 20
provide the funds necessary TO pay off that
series and the subsequent series of like
amounts maturing annually until Septem-
Der 18th, 1904 The bonds secured by this
mortgage hear ) - per cent interest and
run for thirty years from September 18th
1909.
An opportunity having offered to acquire
the Western New York and PENNSYLVANIA
Railway, which forms the direct cOnneC-
Buffalo. through the purchase of its in
come bonds and stock, the same were ac-
QuIred at a satisfactory price As Buffalo
occupies an exceptional position in cuunec-
ton with the commerce Of the great lakes
and viii undoubtedly become an important
centre for manufacturing industries IL
was thought wise TO secure this road rs a
connecting link for the large and increaS-
ing traffic which must pass TO and from
that city over the other lines in yoI!r sys-
tar - q -