Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-02-28

year upon your line between New York and Pitts
burgh and the branches operated in connection
Herewith including 81. 5l4 OBS As paid on account
OF the principal Of Car Trusts s2i 600 e5s Sc.
OF which the sum of Si2. 1879 4g4 81 charged 70
capital account and S9.470 1871 .0o against the In
operated as part of the four Grand Divisions
East OF Erie and Pittsburgh, amounted TO s5.s5s.
1851. and the funds therefor were supplied nv 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 Cam
bria and Clearfeld the Western New York and
PENNSYLVANIA. and the Allegheny Valley Railways
Inc main items npon the first named road were
me purchase OF right OF way and real estate. the
and the construction of the Axle Works Connection
On the Cambria and Ceardeld the largest outlay
Improvement of tie line between Amsbry and
irvona in pursuance Of the contract under which
tackage and other facilities provided for the
New York Central System upon that road, and the
construction cons OF new road known as the Cherry
Tree ana Dikonyille Railroad. about rs miles in
length. the cost of which under that contract is
trs equally by your own and the New York Cen
pennsylvania Railway. there was a large amount Of
work dore at So'th Buffalo and Olean In the ex-
tension and Improvement of dock ward and shop
facilities On the Allegheny Valley Railway. there
YsTd expenditure upon the Coleman
ties further outlay was also made upon the
RRom%nsshein Railroad In yard improvements at
With the Pittsburgh and Lake Erie Railroad the
The main Items Of expenditure during the current
year upon your Ma. Line wifi he the constructton
or the elevated frffgl.t road along Du1uesne Way
and of the freight station at the Point In
flttsburgh the extensio. of the ur-track system
on the Monongahela Division and OF second track
and sidinCs In the coke region the further compile
non or the fonr,track system the Pittsburgh
and Middle Divisions. and the work upon the new
! freight line between Columbia and GIenIoch Large
addltlons VIII Also be required to your motive
he made for permanent water supply for your
Main Line Serious delay has already resulted in
the handling of traffic your Pittsburgh Divi-
Ia tv
OF the water that was obtanable during the recent
drought in that district.
The Tunnel Line into New York Is now under
active construction. Contracts have been awarded
FOR the two tunnels under the North River between
the Weehawken Shaft In New Jersey and the ca st
side OF Tenth Avenue New York City for the exs
cavation and retaining walls for the Terminal
Passenger Station between Seventh and Ninth
Avenues in that city. and for the four tunnels
der the East River to East Avenue In Long Island
City The remaining funnel work under Bergen
Hin on the west side OF the North River and in
der contract during the current year as also the
Terminal Station itself am, it is expected that the
entire line will be ready for traffic In the fall of
1903 "
A large power house is almost completeds in
the west side of the North River. which WITH have
sufficient eapaeity to supply not only the power
for that portion of the Long Island Railroad srs
s IN eh 10 e l Of sS which
Frhs fer hse pure f have have been I made Of real
west of Ninth Avenne, and also In Long Island
City and In New Jersey; while sale OF por-
lion OF tne property ironing on Eighth Avenue.
New York City. opposite the Terminal Station, has
been arranged with the United States Government
for : u general Post Office. your company re
serving the sub-surface rights for railway pur-
poses.
Large expenditures were necessary upon this
line: and also upon the Philadelphia Baltimore
and Washington. the Northern Central. and the
Long Island Railroads. In the elimination OF grade
crossings through cities the construction of add
tonal tracks and the increase and improvement
Of terminal facilities.
In pursuance of the policy under which your
Company heretofore authorized the guaranty OF
SO. 900 600 of per cent. refundng bonds. issued
by the Long Island Railroad Company for the
purpose of constructing the important improve
ments necessary for the development of Its
TEN, your Company has guaranteed a further issue
of 80 300 600 OF the securities. 1t has also
united with the other Companies which equal
with ii in the line between Washington and
Richmond namely, the Southern, Atlantic Coast
Line Baltimore and Ohio. Chesapeake and Ohio.
and Saahoard Air Line Railway Companies. In
guaranteeing $500. 600 of the per cent Col
lateral Trust Bonds issued By the Richmond-Wash-
ington Company for the purpose OF double tracking
and otherwise improving that important link In
the railway communicat ions between the North
and South which large volume OF tranc
passes TO and from your system.
The charges to Capital Account during the year
were as follows: