The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1906-02-09
PENNSY'S DATA
Information Furnished By
the Interstate Commerce
Commission and Sent to
House
RAILROADS. BIG FIGURES
ENORMOUS CAPITAL REPRE-
sENTED BY IT'S LINES AND
THOSE UNDER IT'S CONTROL.

WASHINGTON, Feb. 9. 19o6.-The
response Of the interstate commerce com
mission to the resolution adopted By the
house calling for information as to the
alleged merger of the Pennsylvania and
other rairoads, was sent to the house this
week by President Roosevelt. The dec
ument sets forth data concerning the
stock ownership of the roads in ques-
ton, based on reports made to the COM
mission up to June 80, 1868. 1t is stated
that the Pennsylvania Railroad Company
and three other companies which it CON
trols own an aggregate of SIS, ,4SO. .0VO
of Baltimore and Ohio preferred stock,
out of total of $59,9S6, AGO outstanding
and $40 eco, eco Of Baltimore and Ohio
common out of total of 4,212,06O
outstanding: also that the Pennsylvania
Railroad Company and two other COM
panies which it controls, owns 81 900, 600
| of Norfolk and Western preferred out
of $4,000, 900 and $50. $4,000 common
out of $6s.O0O, 600, and that the Penn
sylyania Railroad Company, ana two
other companies which it controls, own
$15, ,63o. COO of Chesapeake and Ohio
common stock out of s62, ,790,4O0 out
standing.
1t is further stated that the published
rates of the several roads ''have been
better maintained and in some instances
advanced since the acquisition by the
Pennsylvania Railroad Company and
that there appears to be tess ecInpeti-
ton in rates between these lines than
was formerly the case
The commission, however, declines to
express an opinion as to whether there
have been any violations of the inter
state commerce law.
The report of the Commission follows:
The only definite facts known to the
commission believed to have bearing up
on the subject matter of this resolution
are those appearing in the annual reports
filed by the.. companies named in COM
pliance of section twenty of the act to
regulate commerce, except as the same
facts. or some of them, have been dis
closed from time to time in proceedings
before the Commission From the latest
of these reports. covering the year ending
June 80, 1905, the following figures and
other data have been compiled:
..The Pennsylvania Railroad Company
has an authorized capital stock of $780,
100000, Of which 1902, ,513, 800 has been
issued and is now outstanding This
company appears to control and is un-
derstood to control all the lines embraced
in the Pennsylvania system so-called,
having an aggregate mileage of 10,999.S6
miles, and gross earnings for the year
named of of $23S, ,172, ,52s. The term
Pennsylvania system, as here used, in
cludes the lines of the Pennsylvania
Railroad Company. the Pennsylvania
Company, the Philadelphia, Baltimore
and Washington Railroad Company and
the Northern Central Railroad Company,
but does not include the Baltimore and
Ohio Railroad, the Norfolk and Western
Railroad Company or the Chesapeake
and Ohio Railroad Company
"The Pennsylvania Company, which
controls all the lines Of the PeRnsyl-
wanna system west Of Pittebug and
Erie. has an authorized capital stock of
$4,000, coo. of which S4o00o.O00 has
been issued. All this issued stock is
owned by the Pennsylvania Railroad
Company.
'The Philadelphia. Baltimore and
Washington Railroad Company has an
authorized capital stock Of S25,85O 450,
Of which $28,49s, $50 has been issued.
and is now outstanding. OF this issued
stock the PENNSYLVANIA Railroad Com