The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1906-02-09
pany owns s2s, ,49o,775.

pany owns $23, ,490. IT'S.
"The Northern Central Raiswav Gem
pany has an authorized capital stock Of
s2oOO0,0O0, of which s17, ,1ss. 400 has
been issued and is now outstanding. OF
this issued stock the Pennsylvania Rail
road Company owns SO, ,4O1, $50.
The Baltimore and Ohio Railroad
Company has an authorized capital Of
$60,oo0.00O of preferred stock. and
s125,oOO,oOo of cOmnon stock Of which
s5s, s,9s6,464 of preferred and s124, ,272-
o0O Of common have been issued and ara
now outstanding OF this issued stock
the Pennsylvania Railroad COmpany
owns s21, $4,000 of preferred. and $50.
29S,S00 of common: the PennsyrvapIa
Company owns s5,000,00o Of preferred
and $11,044,eO0 Of common: the North.
ern Central Railway Company owns
81 100000 of preferred and $Ts1. 500 Of
common, and the Philadelphia, Balti-
more and Washington Railroad C6m-
pany owns s1.Ooo.OOo of preferred ana
S7S1,5Co of common. It thus appears
that the Pennsylvania Railroad Corn
pany and three ether companies which
it controls own an aggregate of s2S.-
10000 of Baltimore and Ohio pre-
ferred. and $42,sOO,ooo of Baltimore
ana Ohio common.
THE Norfolk and Western Railway
Company has an authorized capital OF
$23,o00'00O of preferred stock and
S66,oo0,oo0 of common stock. all Of
which has been issued and is now out
standing. OF this issued stock the Penn
sylyania Railroad Company owns S.. .5o0.-
0o0 of preferred ana $40, 800. coo Of COM
mon; the Northern Central Railway Com
pany owns so0O,o0o Of preferred and ST.
100000 of common. It thus appears that
the Pennsylvania Railroad Company and
two other companies which it controls
owns in the aggregate S11,000.OC0 Of
Norfolk and Western preferred and $22,-
$4,000 of Norfolk and Western common.
The Chesapeake and Ohio Railway
Company, with an unlimited authorized
capital stock has issued $500 irst nre-
ferred, $500 second preferred and &c.,
7oO fiAn ,a,,,,.,e,,
standing. Of this issued common stock
the Pennsylvania Railroad Company
owns s10,1SOOOO, the Pennsylvania Com.
pany 100000 and the Northern Cen
tral Railway Company $1,500,0O0. 1t
thus appears that the Pennsylvania Rail
road Company and two other companies
which it controls own in the aggregate
Sic, $4,000 Of the common stock Of the
Chesapeake and Ohio Railway Company
"The foregoing statement shows the
extent to which the stock of the several
railroad companies named in the resolu-
ton is owned by any other railroad com
pany named therein"
The report thea gives the names OF
the officers and directors of the roads il
question, showing that some of ths
names appear on several Of the lists.
In conclusion, the report says:
''From the general knowledge and IN.
formation of the commission the further
statement is warranted that, since the
acquisition by the Pennsylvania Railroad
Company and the companies controlled
by it of the stock of the Baltimore. and
Ohio Railroad Company, the Norfolk and
Western Railroad Company and the
Chesapeake and Ohio Railway Company,
as above set forth. the published rates 81
the several railroads named have been
better maintained, and in some Instances
advanced. and that there appears to be
less competition in rates between these
lines than was formerly the case, but
this is also true of competitive rates gen
erally in other parts of the country.
"As to whether the facts herein before
stated show, or tend to show. violation
of the acts of congress referred to il the
resolution the commission expresses No
opinion, as it < cNas~e'
connection with that enactment and haa
no authority TO aeseeiAs.s-s5
arising hereunder.
# which is respectfully submit
ted. (Signedl
MARTIN A. KN 49,
chairman.r