Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-03-03
PENNSYLVANIA R. R. REPORT
LENGTH OF SYSTEM NOW
3,a5s.2o NILES
Net Earnings for Last Year More
Than Forty Million
Dollars.

The sixty-frst annual report of the
board Of directors Of the Pennsylvania
Railroad Company has just been submit
ted to the stockholders Of that corpora
ton. It is a voluminous document and
contains many tables and statistics. In
the first part Of the report are shown the
operating results Of the five general divi-
sions Of the system. and the general in
come account Of the company. covering
all the lines east of Pittsburg and
Erie. operated directly by the company.
These lines are the eastern Pennsylvania
division. 1.24S24 miles; the western Penn
sylvania division. 631.63 miles: the New
Jersey division-railroads and ferries.
477.4O miles. and the Delaware and Rari-
tan canal. 600 miles-total. $3.50 miles:
the Erie division, 6O4.s4 miles: the Buffalo
and Allegheny Valley division S3O.1s
OF these 3.S5S29 miles. 1.7O5.27 are
owned and the remaining 2. 1892 are oper-
ated under lease or as agent. The increase
OF 1881 miles In the length OF roads
owned and operated is due to the compile
ton of branches and to slight changes In
the mileage thereof.
Earnings and Expenses.
The gross earnings for the year are
given as $164, s12 1864. Operating ex-
penses. including taxes. 1923 $50. So. 40: net
earnings IN operation, LIZA. 31315.
After rentals, ETC., have been deducted
and other incomes added. the net, income
of the company is placed at $33. 575. 0S6 -
The amount placed to credit of profit and
loss'' December 81. 1907 Is $24. 725. S4s SO.
The report Is signed by James McCrea.
ANT xx,h4 fvH
THE heavy increase Of traffic upon your
system having made change OF organi-
cation advisable. the Pennsylvania rail-
road grand division was divided March q,
1907, into two geReral divisions. the east
ern Pennsylvania and western Pennsyl.
vania divisions. the former embracing that
portion of the main line and branches east
Of Altoona. and the latter that. portion
west Of Altoona and the section of the
Allegheny Valley railway between Pitts
George w. Creighton was assigned to the
charge Of the eastern Pennsylvania and
Mr.. s. c. Long promoted to be genera
superintendent of the western Pennsyl'
vania division.
Appointment Of Officials. =
Under a further amendment taking eff.
feet June l. 1907. and October !. 1907. re-
spectively. Messrs. Taber Ashton, ]. 8.
Vanzandt. 8. e. Dickey. and John M.
Wood were appointed assistants to the
treasurer: Messrs. p. B. Prince. George
s. Patterson and Henry s. p. Nichols, as
sistant general counsel, and Mr.. H. w.
Bikle assistant general solicitor.
THE general balance sheet is hereto
appended. together with q list of securi-
ties owned by the company and a state
ment of the income therefrom: and also a
statement of guarantees for which the
company Is responsible. and of the finan'
cial results Of the workings OF the prop
critics in connection with which the guar
antics were made.
THE board desires to express to the
officers and employees their acknowledg-
ments of the efficiency and fidelity with
which their duties have been performed
during the past year.