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


age over that of 1902. The gross rate
per ton mile was the same US in 1903.
but there having been reduction III
expenses there was a slight gain in the
ret earnings per ton per mile. There was
& -Iessened demand during the summer
upon your facilities and equipment, but
the experience of the closing months
showed conclusively that the heavy ex-
penditures made for increased faclnues
during the past two years were more
than justified. The completion of the
Brilliant Branch the practical rebuild
ing of the Port Perry Branch and the
construction of its western connection
with the Main Line at Brinton' IogelheI
with the extensive additions made to
the yards on the Pittsburgfa Virginia ana
Charleston and Allegheny Valley Rail-
ways and the improvements upon your
gheny City and South Pittsburgh, shoutd
largely solve the problem Of tree
movement in the Pittsburgh DISTRICT ana
to d great extent eliminate the conges-
ton that has heretofore prevailed there
in.
large outlay was made upon the Pc
fersbJre Branch, and on the Holidays
burg yard which is now being 1ufthef
developed so as to fully accommodate
the coal and other heavy trafflc. Inc
FairView yard is in active service Al
though it's track system is not 1alIy
completed, and is proving OF great value
in expediting the movement or your Lotl-
mage. The four tracking of the North
s9rn Central Railway between New Gum
berland and York Haven, over Wflcn 1Ie
heavy tonnage eastbound from tfle r . an
view yard passes, has Deen coInpieteo,
and the line between oTk Haven ana
Columbia, which includes the ne"
doubIe-track stone bridge over the oes
Cueoanna River at Shoeh' s, Il now IN
service The present tracks east OF So-
Iunbia will be used until the new irelg!lt
line under construction from C oiuLnDLsi
to Gienloch is completed Heavy SA ,~
fIit1Ires have been made between Colufn-
bia and AtgIen where this ROAD strl Lf5
the Main Line. and between AtgleIl anu
Pa-kersburg and Thorndaie ana Stici!-
Ioch and the work will be pushed Wig
orousIy during the current year.
The other important items OF constTuc-
ton upon the Main Line during the year
On nc PIT sburgh Division. the extern
sion of the four-track system oet~seii
I.atrobe and Derry. BielTsEliie inter 80 e.
ton and Bolivar. South FORK ana ' IA
duct. and Lilly and Portage, the revision
of the line between Derry ana bradeH-
willie and the completion OF the slngle
track westbound tunnel at Ga!htzin. "a
the Western Pennsylvania DIVISION the
second track was completed Det"eel,
Bolivar Junction and BlairsFille, ana
running facilities increased at otheF
points. At Altoona the Juniata shops
werc further extended, and heavy ex-
Denditure was made on the new repair
shops at Blair Furnace:
on the Middle Division. work was
prosecuted on the new four-track line
through Newport and completed between
the west end Of Newport and a point
I Il =
On the Philadelphia Division, substan-
tiaI progress was made in the eleVatioE
of the tracks between Hjghspire ana
Harrisburg. to avoid damage from HOODS
The line between Atgien and Christ!ana
was revised. the new four-track stone
bridge a t Goa tesVille completed and fur
tflcr improvements made in the freight
yard at West Philadelphia The new eie-
waited freight road through that section.
connecting the Main Line and the New
York Division with the Delaware Exten-
I.o "a
| Washington Railroad was in full service;
after the 18th of April. although the en-
| tire work thereon was not completed UNI
| til the end of the year
The tunnel for the use of passenger
trains between your New York Division
| and The Main Line. which required the
reloC alton Of a portion of the Junction
Railroad, was also opened for traffic on
November 18th.
The grades eastbound on the Trenton
Cutoff between Glenlocn and Morrisvilfe
| were reduced to 10 $40 feet per mile.
| On the United Railroads of New Jer-
Sey Division, the elevation Of the tracks
! was completed. and further large ex-
! pcnditure made to put the new freight
yard at WaVerly into service, in the i'm :
| provenncnt Of the New York Bay
| iUmp-oYer to carry eastbound passenger
| trains above the tracks connecting with
| the Waverly yard. Work was com
| menced upon the new repair shops east
| of Trenton. and your round house and
yard facilities improved al Camden.
The main outlay, however, on that
minal at Greenville. in dredging the
| channel. filing in the yard. extension
o. tracks. construction of transfer
! bridges piers, and other improvements
necessary for the handling of the traffic
| exchanged with the New York. New
Haven and Hartford Railroad, and OF
points. The material for filling thi:
yard is now obtained from the excava-
tion made in connection with your
Terminal Station in New York CITY
1t will be seen that of the important
improvements outlined in the Annua
Report for 1902 as necessary to enable
nomically handled, a material portion
has been substantially completed
Extensive additions were also made tt
your passenger and postal equipment
and to the tools and machinery foI
your shops and $7s3 9s2 II was expendet
In the purchase of real estate.
The aggregate of these expenditure
during the year upon your line between
New York and Pittsburgh and I'll,
, branches operated in connection there
with. including $3,514, 23S.45 paid on ac
COST OF ROAD:
Being expenditure in construction of
Elevated Road. Petersburg Branch,
to GIen1och, elevated freight road t
| view. and Holfidaysburg Yards, ext
Line, Galitzin tunnel. reduction Of
shops. end terminal facilities. .......
: Passenger, Postal. Car Trust, and 9th
REAL ESTATE.-.....--......-.
Total charges to Capital Account for
I The increase of the CAPITAL STOCK d
D. Amount issued TO shareholders who had
al of March 25th, 1903. upon payment o: T
= Issued for fractional scrip resulting e OF
Bonds e
: Issued in exchange for Convertible Bon
As advised in the call for the Annua
! Meeting your authority will be request
cd for an increase in the bonded indebt
edness of the Company. Besides maxim
provision for your consolidated mort
! gage bonds, which mature in the earl
Summer, ii WILL as already noted. b
necessary to provide the funds for
further subscription to the capital stool