Evening star., 1901-03-05

2,65o,05o

In payment for stock held by
outside shareholders In the
roads consolidated into the
Scbuylkill and Juniata Rail-
road, and for other corporate
purposes NEUTRALITY-SUSPICIOUS.. o,ofL,doV
500, 1876, $50
To NEE. the future needs Of the Company. it will
be necessary provide for increase Of your au-
thorized capital. in accordance with the require
ments Of the existing legislation of the Common.
having been given. and in pursuance of action
taken by the Board of Directors. the question Of
together with the acceptance Of the Constitution of
1874 that being prerequisite to your obtaining h ing
crease Of capital stock The question of the ciass-
fcation Of your Board Of Directors will also be
Owing to the large holdings of your stock iu the
city of New York, and with the view Of faciiitat-
Ing It's transfer at that p9n It waf ts Se%
Stock Exchange and to establish transfer ana
registry office In that city This was done Deem
to be a great convenience to the large number OF
shareholders resident in that city -. ...
amounted TO 81 $40, 1856 .16, as follows:
Real Estate. ...:........... s4s5' sSS @ .dS dS
Car TSuss 5ss'SSSSS 5ss SSS 90
The arst s item represents the cost Of property
acquired in Pittsburgh in connection with the
elevation Of tracks in that city IA and 81 fsa
phia Harrisburg, and Altoona. The charges to
Motive Power and Equipment represent e,haif
your traffic and the usual charges on account
Of Car Trust Equipment. The charge 10 Branch
Railroad las small coal road about ten miles long,
running from your Main Line at Irwin southwark to
Through the special appropriation of $500, 900
made out Of the income Of 1899 for extraordinary
ss ss Si lime which had
been under progress for several years. were COM
pleted- The improvement at Elizabethtown com com
pleted the double track your passenger line.
between Lancaster and Middletown. Work was
also begun on the improvement OF the alignment OF
the Middle Division at Iroquos, Durward: and near
the fourtrack system, and the line between Al. A.
about, Brooklyn, were further e extended: and the
necessary right Of way.
The funds appropriated, out of the income Of
On the United Railroads Of New jersey Division,
the improvements at Harsimus and Desbrosses
Street Ferry were continued, and two additional
passenger tracks were laid over the Meadows be-
tween Hackensack and East Newark, In order that
the movement Of freight over that portion Of your
line Work on the New York Bay Railroad; line
m to ON aa s the hsrn1
New York. was commenced. and branch thereof
which t Will snsss
trains to pass around the city of Newark without
Interfering with your passenger service The ele-
yation Of the Kensngton Branch Of the Philadel-
phia and Trenton Railroad In the northeastern part
Of the city of Philadelphia further prosecuted.
erected at Germantown Junction for the accom-
mediation Of the population Of that rapidly growing
United Railroads Of New Jersey Division was SUI
hcient after providing for all obligations connected
ordinary expenditures thereon.
On the Main Line between Philadelphia and
struction of additional tracks the improvement Of
Yards at terminal points the extension Of piers
construction of short branches.
The fourt track system was extended west Of
Coatesville on the Philadelphia Division. that
with the exception of the crossings Of the Brandy
wine and Conestoga, at Coatesville and Lancaster
respectively, it is now complete from Jersey City
the Middle Division between Aquednct and Port
Royal, and west of Huntington; and with the com
and the widening Of the old tunne the four tracks
are now in service from Mill Greek to Spruce
Creek, On the Pittsburgh Division this system
completed between Altoona and Lilly's. and be-
tween Manor and Shafton, while the revision Of
the line at Irwin's already referred to, included
west to I.arimer OF the line between Jersey City
and Pittsburgh. 44O miles 81 miles of four tracks
complete the system. The yards at Greenwich
West Philadelphia. Harrisburg Altoona. Cresson.
tended, and your pier facilities on the Delaware
River at Philadelphia largely Increased The con-
feet in length. the Susquehanna River at
Rockville, to take the place Of the present double
Of at s fe
burgh is being also pushed forward. The Peters
burg Rranch was extended from Petersburg to
connection with the existing road at Aetna Fur
mace, thus completing alternate line between
Petersburg and Altoona via Hollidaysburg. and
traffic from that territory. The short branch near
williamsburrh in Canoe Creek Valley was also
hoe Station on the Pittsburgh Division, extended
about four miles to New Alexandra.
New made %n,k to aGss 1 freight
Chicago rebuilt for passenger service and the
10 Wa mad
expenditures were the Pittsburgh. Virginia and
Charleston. Southwest Pennsylvania. South Fork,
Juniata Railways. but these outlays We're practi-
respective Companies and the charges to their
capital account were quite small;
way the heaviest expenditure in the acquisi-
tion Of right Of way and real estate for revision
structon of four-track system from that point
to Thomson. distance of about II miles, and for
additional yard facilities, these Improvements Ee
its heavy tranic.
principal work done was in the construction Of
an extension and branches into the newly de-
the laying Of second track from Everson to Young
wood, the establishment OF new yard near the
latter point and the construction and extension Of
The Ebensburg and Black Lick Railroad was
the South Fork Raroad Aea additional u sGnss
and ,a small branches built on the Cambria and
and revisons of grade and alignment made on the
SchuylkiN and Juniata Railroad.
The demands of your traffic will necesstate a
large outlay during the current year. In addi-
ton to the Pittsburgh Station, the elevation Of the
tracks and the reconstruction Of your passenger
terminals at that point, like expenditure will be
required at other important points your lines
to avoid grade crossings and facilitate the move
ment Of traffic. Under arrangements Just CON
cluded with the municipal authorities of Newark
n. j.. your tracks will be elevated through that
city and grade crossings abolished which are
constant menace to the safety of your trains The
situation at New Brunswick, in the same State
will also require similar treatment. although at
By order of tn