New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-10-05
n. Y. G. STOCK INCREASE.
State Railroad Commission Grants
Request for 800 900, 900 addition.

The State Railroad Commission held special
meeting its Office. in thisc fly, consider the
application of the New York Central & Hudson
River Railroad Company for permission TO increase
thee apital stock OF thee ompany from S50.O0O,O0o
TO $3.50 10000
Ira A. Place general counsel Of the railroad COM
pany, who appeared in support OF the application,
reminded the commission that the last increase
allowed SIS O0Go-from $l5O 600 $50 O00eOO
OF S35 900 900 OF authorized stock there
an immediate issue OF 81. OOo. which used
the work OF improvements went on, but Of this
sum there a remainder OF S557 500. He asked
permission 10 issue Immediately stock. including
the balance 10 the amount OF SO s39 $50.
Vice President Christensen testified to the
penditures made for improvements since the last
issue was authorized. He said that the actual pay
nents were sI8000000. and further explained that
the improvements being made would $751;
10000 and equipment 500 600. making a
total of SO In addition Mr.. Christensen. after
giving the expenditures at the different points along
the lnef rom the Grand Central terminal 10 Buff
falo said Of the additional 100000 asked
for II was proposed make other improvements
along the West Shore and lines reaching the Penn
sylvania coal fields.
Vice President Wilgus. in charge OF the eectrif-
cation of the railroad and its branches gave Chair
man Dickey and his associates detailed descrip-
ton of the work along the main and branch lines.
falling Of the changes intended eliminate
and grade crossings and saying that the yards
10 be increased in so that one of them will DE
the largest of Its kind in the world
Answering Chairman Dickey Vice-President VIII
sus said that the Identification OF the main and
brancb lines from the Grand Central terminal.
r,h,oh included the construction work. would cost
co ono 600 and Il intended 10 expend s20OO0Oo0
20 .h additional 10000 600 asked for the other
proposed improvements
a., rootton OF Chairman Dickey. the company
.,o-,zad 20 increase its capital stock from $780,.
- nno %. s25o 600 900 and TO make new issue OF
49,, -, GOO go 60 which, with the balance OF $751;
zoo o,u ON hand, would aggregate s2ssss 500
W 10" eco 90 600 thus far authorized for Improve
INC go Equipment is 10 be expended as fol-
menus 80 Central terminal, including depres-
lows o.ancks street viaducts station buildings,
sion OF 90 da classification, including power
etc S0,o'ooSS..sta tons and track work from New
houses sGDoton and New York north 70 White
9ork 70 sd o0: four tracking from Mott Haven 10
Pains s,S0yt yono WoodIawn north to White Plains
Sroloh aiu ,stision and elimination OF grades and
sl,IOo,vo;, :, M 00. Improvement work az Pough-
curves. So west Albany, Auburn, Tonawnnda
keepsie4 IT, erspension Bridge. Weehawken New
BLACK hoor5 other points N.SD9Co; double tracking
SorslaIn 80 and other points on tne sy STEM
Harlem ro 9Ser track and signal work, sSD0o new
The replies made 70 the questions 9t So IN
Inssioners x,-,Ia,'s admitted that the work might
oay' ~ - GOO ooo before it has been completed