The Washington times., 1904-02-27

! the AiieSheny Mountains and the Nam
: Line at Petersburg in the Juniata Val
/ ley, and which forms an alternate route
/ between those points for the movement
OF coal and other heavy traffic, is com
/ pieted with the exception of the double
tracking OF about six miles Of the
Petersburs Branch, at a point where :,
revision OF the location will be neces-
! sary in the future. The classification
yard at Holidaysburg on this line il
under construction. as also the engine
mouse and other necessary facilities at
that place. The work on the single
track west-bound tunnel at GallitZin Is
about two-thirds finished.
/ The west-bound gravity yard at Al
> toona, the purpose of which was eS-
planned IN the last report. has been IN
| Tull operation since May 11th last, and
I is materially expediting the movement
of traffic and justifying the expepdi-
lures thereon. Large expenditures have
Juniata Shops at Altoona, and on the
new repair shops at Blair Furnace.
which are urgently needed for the prop
er maintenance of your motive rower
and equipment
/ On the Middle Division, the work on
the four-track system was practically
! completed between a point near New
port and n point mile west of Miller5-
I town. A large outlay was also made on
| the new Line through Newport and on
I the four-track system between Newport
but about fifteen miles of this Syste m
\ to be completed between Harrisburg and
I a connection with the Petersburg
Branch already referred to. The i'm
provement of the Harrisburg station
was completed and the freight yards
west of that city further extended.
! The most important undertaking now
under way is the construction of the
! Fairview Yard above Harrisburg. on
the west side of the Susquehanna River,
( for the joint use of your line and the
Northern Central Railway, the four
between Fairview and York Haven. and
the building. by your Company. OF the
new line between York Haven and
/ Paoli on your Main Line. As already
explained IN the last report. this will
! be specially devoted to the movement
OF the coal and other heavy east-bound
traffic which, by availing itself Of the
I alternate line already referred to over
the Allegheny Mountains. can reach It's
destination without being. as now. Seri-
| oGsly delayed both in its passage
through Altoona and Harrisburg. and
/ by the heavy passenger and merchan-
disc traffic which so fully occupy your
present running tracks. The remainder
OF the year win probably be required to
complete this yard and to build TO Co
! lumbia. from which point your present
/ freight line will be utilized until the
new road now under construction Is
built from that point via Atglen TO
I PaoH- Heavy expenditures have already
4 been made thereon between York Haven
ana Rowenna on the Susquehanna
River between Columbia and AfZlen
I and between Glen Loeb and Thorndale
and the work Is steadily progressing.
On the Philadelphia Division, the ele-
walton of the tracks between Highspire
and Steelton above the flood line of .he
I Susquehanna River. is in progress, and
the line was revised at MiddletoWn and
also at Coatesville where the new stone
/ bridge now under construction is al
most completed. In West Philadelphia
/ the new passenger line was finished,
i the important transfer station at Thir-
/ ty-second and Market streets put in
nd he fro oforf,4 Il.
| facilities at that point greatly improved
and extended. The elevated railroad
through that section of the city, con-
Meeting the Main Line and the New
York Division with the Delaware Ex-
tension and the Philadelphia, Baltimore
and Washington Railroad. and intend
ed especially for the coal trains run
ming between the Fairview Yard above
Harrisburg and the Delaware River as
Wei as for the large merchandise traf-
nc handled at your Dock Street terrni-
nails in Philadelphia. and also for the
direct interchange of traffic between the
Maryland and New York Divisions is
practically completed.
The revision of grades eastboune on
the Trenton Cut-off between Glen Loeb
and Morrisville is being steadily prose-
cnted, 50 as 70 reduce them to Is $40
feet per mile
On the United Railroads of New Ter
sey Division the work of elevating your
trucks through Newark and New Bruins
Wick IS stu! progressing, and VIII; be
summer. The tracks of the Philadei-
phia and Trenton Railroad on the west
side OF the Delaware River were recon
structed, and the new four-track stone
bridge at Trenton put in service in the
early fall.
A large freight yard is being con-
structed at Waverly for the accommo-
dation of the Harsimus Cove traffic and
of that passing to and from Greenville
on the New York Bay. where the ex-
tensive terminal improvements neces-
DrOVilp fr-uf
changed with the New York. New Ha-
ven and Hartford Railroad system. as
well as for that destined to New York
Harbor points, are being steadily con-
tinued. Large expenditures were also
made in the Improvement Of the
Meadows shops and Jersey City piers.
Extensive additions were made 20
your Motive Power, Passenger and
Freight Equipment and shop facilities.
and to your real estate and right of
way. while. as already noted. further
provision w6S made for your needs
through the issue Of Car Trust secu-
rites.
The. aggregate amount of these ex-
penditures during the. year upon your
Line between New York and Pittsburgh.
and the branches operated in connec-
tion Herewith, was s44, ,OO6. .SS5.92. which
includes 81, $50. S090 for equipment and
shop tools and machinery and 1885,
1852 for right OF way and real estate
OF this amount, the sum of so H.
l07.6o was charged 10 capital account.
s.. AZ. .727 GO was charged against the in
come of the year, and 80. .ss2. $50 70
against the premium realized upon the
Issue of your capital stock. Out Of the
residue os this premium the sum of
s. 900 600 was appropriated toward the
cost OF the real estate purchased for
your terminal passenger station in New
York City. and the balance applied in
reduction OF value Of securities and out
standing accounts.
The expenditures upon your branch and
auxiliary lines amounted TO $685.. .563 43
and were met by the several Companies
out Of their own resources.
On these lines the largest outlay was
upon the roads specially engaged in the
bituminous coal and coke traffic, and
notably upon the Pittsburgh. Virginia
and Charleston Railway. where. as al
ready stated. the exceptional develop
ment of the mining and manufacturing
industries in the Monongahela Valley re-
quired the most-liberal expenditure to
take care of the traffic. This road fur
nfshes your. connection with these indus
tries, while at the same time, through
your Port Perry branch. II enables
your through traffic to be exchanged
with Your Northwestern and Southwest
ern systems without passing through the
congested Pittsburgh district. Il was
therefore. deemed advisable for your
Company, which already owned over
ninety per cent. of its capital stock. to
and I'm order TO provide for its capital
creased TO Sc. .OOO. 900. 90 and It's funded debt
bonds. bearing date February LIST, 1904
4 Fr.ws FT.v-kr~