The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1903-02-28

construction of four tracks and targets
increased terminals on the south side
OF pittsburgh Through this work and
I me revision of line and construction q.
Suul tlonal tracks at that point by your
/ southwestern line. the Pittsburgh. Gin
clhhat, Chicago and st. Louis Railway
ana the improved approaches to the
! bridge over the Ohio River which forms
d connecting link between your North
/ western and Southwestern systems a
] large portion of the heavy coal coke
ana other traffic passing between vour
MAIN Line and branches and your svs-
4 tenn West OF Pittsburgh Is now carried
/ around that city on easv g~ad,e,ts -, -
/ under much more favorable conditions
! lot It's prompt movement
IN pursuance of the announcement
maGe IN the last annual report the
M iphia, Wilmington. ard Baltimore
enc baltimore and Potomac RaII-oaS
I ComPa mics. of which two roads 49,, :.
company practically owned or controlled
ne tntlre carital stock. were on rho
ISI o. november, 1902. merged and CON
~ INTO corporation known as
| nv fhiladelphia. Baltimore and Wash
lhgtoL Railroad Company. thus nIacing
under one ownership the line befy-saS
| Philadelphia and Washington. That
oOhuPehy Is now rebuilding its bridge
"croSS the Potomac River at Washing
toh, ana as soon as legislation pending
III congress takes definite shape. Will
proceed to the erection of a new mas
senger station at the NafionaI Canit.1
ana the elimination . the grade cross
ihgs OF your line in that city.
III actc Once y III action taken ar
me last NEE ing, the Trenton Cut-On
I,atiroad and SChuyik kill and Juniata
railroads were duly absorbed IN, vor,-
Company under agreements dated -e
spectiyely, June 18th and November 27fb
ISuI ana taking effect April LIST. 1902 In
iurther pursuance of the same Motley
resolutions will be submitted for vour
approval at the annual meeting. for tho
absorption or the following railroads
winch connect directly with your Main
Line, and in which your Company is the
sole shareholder. namely. the Wester3
FennsYlyania, South Fork. Turtle Creek
NaHey, west Chester. DOwningtown and
Lancaster, ard Riverfront Railroads
Inc western Pennsylvania Railroad di
HeIBes from your Main Line at a point
aDout Two miles west of Jamestown and
IS also connected Herewith further wes-
al bolivar and Blairsyille intersection.
IL furnishes the low grade line over
"hlcn large portion OF your through
trafiic passes to and from the Pittsburp
orr wayne and Chicago Railway and
other roads in your system northwest 81 |
Pittsburg- The South Fork Railroad /
which was created by the consolfdation
OF that line with the Scalp Level Rail-
road on January LIST 1902 was built 10 /
develop valuable coal territory on the /
western slope OF the Allegheny Noun /
tain The West Chester Turtle Creel, i
Valley, and Downingtown and lancaster
Railroads are branches built to devotion
local territory The Riverfront Railroad /
Is a short line, which furnishes valuable
terminal facilities for your traffic along
the Delaware River front OF the city of
Philadelphia. The consolidation Of these
VvFf M-ev4 I
necessary accounting, and is in the d.
rection OF economy and efficiency h
A further issue was made OF your
Capital Stock to the extent of $97s ESQ
Tor the purpose of acquiring. on salts
factory terms, the stock of the Penn
syivania and Northwestern Railroad ,
company This road connects with the
Main Line at Bellwood. and extends
thence In a northwesterly direction to-
ward the Punxsutawney district and your
Valley Railway and develops
valuable coal territory tributary 10
your system. Its ownership by your
Company also enables this line to be
Used advantageously for the movement
II the coal traffic originating on your
'ther roads in the same district.
An additional amount OF $123. 800 of
1apital Stock was issued in payment for "a
toek of the Philadelphia Wilmington f
nd Baltimore Railroad Company and in ]
he conversion Of dividend scrip. making !
he total increase during the year /,
i .1O2. $50.
The charges to Capital Account during i
he year were as follows: I
'OST or ROAD: .
Being extraordinary expenditures
in extension OF four-t-ack svs-
TEN, construction Of additional
tracks. lines, yards and
terminal facilities -.----....... 81 ISL 100 IS a
ZEAL ESTATE. ...... 415. Ta2 - 2
OF IPMENT: 4
Locomotives ......... -. 7I3. 112 90 ii
Chr IrIst Equipment. 5.0OO % 2