New-York tribune., 1909-05-22
PENNSYLVANIA COMPANY Ry,o.7
Earnings in 1908 Show Heavy p.c,,-
Year Before

The report Of the PennsvIvs,,.
TSINdIIId Lnes west Of Pittsburz) for ,tuy Perm.
7os = - o. i'.o; SHOWS gross earnings 80 snde4
go a loss OF 81 913.6s from 1e0- - ot ~ o.
penses declined SIC. .2s3 ss2 and ne. operatns sr.
operation decreased 81 62s s44 -s~.. "a ngz ron
,ii ~ IN ISy' 70 Sl7lo 80 % In tfora
@uohdI @ expense OF Sls007s ss for the 80 % m add.
income for the year was 70 OSo s1o - Sal Ths 10
%oSo'4s' Is IN lSOT-a loss OF Sis as a sEanr,
AIter deducting the rental OF the -os
vi 'ns oasls or net earnings which - oSerztef
cent less than in the previous vss - vas "a d,
het operating earnings Of SO az g17 ~ rsInainsS
~, S-'FOs o as compared with the prsvf, -rssas
me income from investments rens-si t..Ous year.
rents was Sl142451 30 decrsass - e., :. interest ana
ing the gross income OF the Gomez -. -. y. max
or $ss2sS6 ss less than in 1907 Affs- l'e1 ses
was nsS icar''a snd :. other liabilities ts.-ss
SSlo.H6 g. Out OF this net income r.. -Iesss ot
contributions TO sinking funds az,g-.sl 80 pa4
t6s Ia sum oi sl'SS4es. being the anon. -.
.he goId loan OF 1901 Certificates drsv- .-lt %
oemption November / 1908 s-57 COO - @n ior ~
principal OF matured car trusts ana : tlssalnt os
per cent on the capital stock fe,.,t- -''aent e
Of S2.934.715 Os. from which tbsr. ing ing hslsncs
70 the extraordinary expenditure frrd tsisssrre1
S['Su1"u 70 provide for expenditures r,, ~ y
siIa. sa sed0le 10 capital account. and the b,is
$S4. 10 % was transferred 10 the crosi, - - e
and loss account. -i' OF proas
james MeCrea- president or the couD.,- =
& iePo'e ssys IN part. The passenger tram -.
lhss OF the lines operated by vour co,z,-- ~
materially affected by the reduction - - Nsrs
mum rates OF passenger fares and ir - |-Al- ~
Pehsttlou received from the government -. N
ing the United states mails Had 10 ..lf e4llf-
OF rare and the same rates for carrying rb. -
prevailed as In the year lsos. there Vo-fs 1-s
been an approximate increase from, 80 - -
sources alone o. about hair a million doii,.. -
the other hand. the company uas ma. - ~
aole addltonal expense in complying vfh s-s.
ana state en2ctments restricting the ,os,-. - -
OF operators and trainueu and p-es.rf6f-,- - - -
Der OF men In train crews and ufrh ~. -.. -
ments Of state and Interstate -or1r7+s.io,. '--r
The services rendered 90 the public d,,-5v. =
year consisted in the carriage hy the inc. -.
ated by the Pennsylvanla Compa-, ~ 49,
tons or freight; BY the lines operated d.rs-ss ~
the Pittsburs. Cincinnati Cb.raE7 = !,
-tailVay Company. z7.1ze SIS ton. ana ~, -
operated under their own orzanixa.ton. 49,
tons The aggregate tonnage moved r5ro- 81. !.
tire system IN the year VAS 1lfGZ5.-t tons /. !.
crease from isG 81 5l-,stsss tons or e p p.r -,
Ihe aggregate tonnage mileage was o ssff-s = :
decrease - }5S5Ssi.s7s ton miles ~ @ e ps- -.
The average rate received ton carried ~. -.
on All lines OF the system vas 80 mills =. =.
crease Of lilo - mill. there uaz an f-~-..a. :.
The cost % movement Of i-Io - ufI - t-.+ -.
net earnings 2 ton mile we're $40 mills ~.
same az In the preceding year The sverars "a.
received On passenger tram Vas = ce1fs -
duction Of 20 Of = miu as compared vith or