The Washington times., 1908-03-03

mere was q TURNER incTaaSe III kaArSs Afis
amount paid upon your own properly and
upon f-lat OF the lines operated BY your
company for the year aggregnunE t5.SiSs-
lss;fl. as against Ss.7l5.o5S-s2 for the pre-
After meeting all liabilities and paying
aiyidends asEregating seven per cent, and
-, 100 bSs-l2 on account Of the maturing prin-
Slpal OF Car Trusts, there was a surplus Of
s., il2,015.4, OF which s, go 65L4z was ap-
piled toward the Extra ordinary Expenditures
" the year s., 800 000f0 transferred to the
Extraordinary ExpendIt ire Fund aud s.. $751;.
4zass credited 10 your Pront and Loss Ao-
The heaviest OUTLAWS during the year be-
tween Pittsburgh and Jersey City were upon
the extension OF the four-tTack system On
your Main Line. the revision Of the low
q ade freight line along ths COnemaugh
River formerly known as the Western Penn
sylvania Railroad, the extension and i'm
Provement Of yards and terminal facilities
al various points, the purchase OF right or
way in connection with the construction OF
further relief freight lines and the perfect
ing OF your permanent water supply.
The aggregate expenditures for construc-
ton, equipment, and real estate during the
year upon your Main Line between New
Kc3k and Pittsburgh, including s., 80, y on
account OF the principal OF Car Trusts, and
$4,000 on account Of the principal Of Water
Trust Certificates were $l9. 8lZ 455. IS OF which
g, no 1901 was charged to capital account.
s3.a60, b2b-15 against the income OF the year.
and SIN, 1850 against the Extraordinary
Expenditure Fund therefore existing. There
was also charged against the income for
TO the Western Me- York and Pennsylvania
Railway and other subsidiary companies.
The capital expenditure on The branch lines
which vas met out Of their own resources.
aggregated 81 So. BILL
In pursuance Of the policy o announced in
the last report. the expenditures for the
year were confined almost exclusively 10 the
completion Of work actually under way: and
IL Is gratifying 10 note that with the ex-
ceDtion OF portion OF tho relief freight lines
tot which no present necessity exists. sub
stantially all the improvements outlined IN
the report for 1902. as essential TO put your
road in condition 70 meet the legitimate de-
mands Of your traffic. have been completed
As result the average daily mileage Of the
freight cars moved over your lines increased
about twenty per cent between 1903 and
1907. The expenditures Tor the present year
VIII be practically confined 70 finishing the
work now in progress on the main line. and
to the Tunnel Extension into and through
New YORK and the Terminal Station n that
city.
The progress upon the Tunnel Extension
has been satisfactory, although II has nee
essar1ly been delayed BY the engineering, le-
gal and municipal questions inseparable from
- extensive an Undertaking. It Is expected
that the entire work upon the tunnels and
terminal station will be counpie4eS In 1910
on the section between HaHison east OF
Newark where the Tunnel Extension leaves
your New jersey Division, and the western
portal OF the Bergen Hill Tunnels substantial
progress was made during the year upon the
masonry. suporstructure. and enbankment
necessary to carry your railroad across the
Meadows above the grades OF the railways
and 5treets traversing that territory. The
two tunnels through Bergen HiIl have. with
the exception Of about seven hundred feet,
been fully excavatsd. The concrete lining Is
being placed IN TIE Bergen HiIl Tunnels and
also IN the two tubes under the Hudson
River while the excavation IS com plet ed
frcl the river TO the Terminal Station ap-
prOach a. Tenth Avenue From Tenth 10
Ninth Avenue more than half OF the work
has been finished. and on the Terminal sta
ton site between Seventh and Ninth Avenues
In New York City practically all the retain
ing walls and foundations are in place. The
steel viaducts for the support Of the streets
adjoining the station site and fer the ave
nues crossing IL are also nearing compile
ton. willie tie steel structure OF the station
itself is IN process OF erection The tunnel
excavation from the terminal site eastward
~ 10 the First Avenue shafts on the Wester
~ side Of the East River is compisted, with
the exception OF the section between Fifth
and sixth Avenue5 and nearly one-hah OF
the concrete lining and other work or that
portion Of the line is completed. In the con
Ri7 sr one OF the iron tubes has already
be n completed. and the remaining tubes
viii be connected early IN the present year.
The tunnels under Long Island City from
the East River 20 East Avenue shaft in
the Borough Of Queens have been complete
ly eEesvatsd and iron lined, and two-thirds
= the concrete lining Is in place The
work between the East Avenue shaft and
the western end OF Sunnyside Yard. near
Thomson Avenue. where the tunnels reach
the surface. IL under construction
IL was not possible 10 actively proceed with
the Eunnyside Yard until q number Of
changes had been made in the City plans
covering the relocation Of certain streets
and the construction Of highways across the
yard 81 as 70 eliminate grade crossings. But
an agreement for this purpose having been
reached in juno last. the necessary work
on the yiaducts Ambanknents and bridge
masonry Is now under way.
This yard will NJ about hfty-fve hundred
feet long and fifteen hundred and fifty feet
across at the widest point, and Sc an i'm
portant part OF the Tunnel Extension The
Long Island Railroad and the New York
Connecting Railroad eventually will be di-
rectlv connected with your New York Tun-
mel Extension in the vicinity Of the yard
and through these lines the New York New
Haven, and Hartford Railroad and its New