The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1905-02-28

moved being decrease of 1G501, 1874 tons.
and 1925, 663 passengers carried, de-
crease of 3,68 $40.
count of the principal of Car Trusts.
" as 81, 669, $3.50. of which the sum of
ST., i99, f9f.s1 was charged to capital ac-I
count and s9,470, 161.05 against the in
come for the year.
The outlay upon your branch and
auxiliary lines, operated as, "a part of
the four Grand Divisions East of Erie
and Pittsburgh, amounted to s., 35s, 736 81
and the funds therefor were supplied by
the respective Companies making the
Improvements. out OF surplus income or
from other sources.
On these lines the largest expenditure
was upon the Pittsburgh. Virginia and
Charleston, the Cambria and Clearfield,
The Western New I ork and Pennsyl-
vania, and the Allegheny Valley Rail
ways. The main items upon the first
Eamed road. were the purchase of right
OF way and real estate, the improve
ment of the Shire Oaks and other yards,
and the construction of the Axle Works
Connection On the Cambria and Clear
field the largest outlay was on the ex-
tension beyond DilltoETn,. and in the
improvement OF the line between Ans
bry ans Trvor1a, in pursuance of the
contract under which trackage and
other facilities are provided for the
New York Central System upon that
read, and the senstraction OF new
read known as the Cherry Tree and
Dixonvifle. Railroad. about 3S.s miles in
length, the cost of which under that
contract is borne equally by your own
and the New York Central interests. On
the Western New York and Pennsyl-
vania Railway there was a large
amount OF work done at South Buffalo
and Olean In the extension and improve
ment of DICK. yard, and shop facilities.
On the Allegheny Valley Railway, there
was II considerable expenditure upon
| the Coleman Yard and upon additional
| track and freight facilities A further
outlay was also made upon the Monon-
gaheIa Railroad in yard improvements
I dor
| an arrangement with the Pittsburgh and
/ Lake Erie Railroad. the cost OF this
work is equally divided.
| The main items of expenditure during
, the current year upon your Main Line
will be The construction OF the elevated
| freight road along Duquesne Way. ard OF
| the new freight station at the Point IN
! Pittsburgh. the extension of the four-track
system on the Mouongahela Division.
and of second track and Sidings in the
| coke region, the further completion OF
| the fnur-frack system on the Pittsburgh
and Middle Divisions, and the work
| upon the new freight line between Co
/ will also be required to your motive
power and equipment; and necessary
i provision must be made for a permanent
water supply for your Main Line, Sc
rious delay has already resulted. in the
| handling of traffic on your Pittsburgh
! Division. from the insufficient amount
| and baA- quality of the water that was
obtainable during the recent drought
The Tunnel Line into New York is now
fundeT active construction Contracts
have been ava rded for the two tunnels
under the North River between the
| Weehawken Shaft in New Jersey and
| the east side of Tenth Avenue, New
| York CITY, for the excavation and re-
tanning walls for the Terminal Passen-
ger Station between Seventh and Ninth
avenues in that city, and tor the four
tunnels under the East River to East
i Avenue in Long Island City. The re-
rnaini.r tunnel work under Bergen Hill
sid f,e he North q Il
| in New York City east of the station.
will be put under contract during the
current year. as also the terminal ste
| entire line will be ready for traffic IN
the fall OF 1903.
a large power house is almost com
pIeted in Long Island City and another
! will be erected on the west side of the
! North River, which will have sufficient
! capacity to supply not only the power
sufficient for the operation OF the tun-
nels but also for that portion OF The
Long Island Railroad System in and
adjacent to the city of Brooklyn, which
is now being equipped for electric serv-
Further large purchases have been
made of real estate for the use OF this
line, IL New York City west of Ninth
Avenue and also in Long Island City
and in New Jersey; while a sale of a
norton Of the property fronting or
Eighth Avenue, New York City, opposite
the Terminal Station. has been arranged
with the United States Government for
fuse as general Post-Qftice. your com
pany reserving the sub-surface rights
for railway purposes.
Large expenditures were necessary
uuon this line: and also upon the Phila-
dclDhi3. Baltimore and Washington. the
! Northern Central, and the Long Island
Railroads. IN the elimination of grade
CROSSINGS through cities, the construc
ton additional tracks. and the in
| crease and Improvement of termina! ia
, Cilities.
, In pursuance of the policy under which
II your company heretofore authorized The
: guaranty of $40, 000 600 of per cent. re
,, I.funding bends. issued by the Lone
: Island Railroad Company. for the pur
pose of constructing the important i'm
: prcvementS necessary for the develop
: mcnt of its system, your Company ha.
= guaranteed a further issue of s.. 200 900 o
= the same securities It has also unite,
equal owners with it in the line between
| Washington ard Richmond. namely. tn
: Southern. Atlantic Coast Line, BaItf
= more and Ohio, Chesapeake and Ohio
and Scaboard Air Line Railway Compa
MES, in guaranteeing S. 100000 of the
} per cent collateral Trust Bonds issues
by the Richmond Washington Corlpan,
r for the purpose of double tracking AM
/ otherwise improving that important Iin]
in the railway communica tons between
s the North and South, over which a larg
1 volume of traffic passes to and from
E your system
: The charges to Capital Account ,4urin,
i the wear were as follows:
new freight line from York Haven
through Wess Philadelphia, Far
enson Of -four track SYSTEM on Main
grades on trenton Cutoff. new