New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-03-07

Tho prospective reeds OF the Company will
require about s400 900. and II prevailing con
ditions favor IT, II Il believed they will. the
/ amount Wil be raised b. an issue OF Capital
Stock A 10 per cent. allotment at par Woud
provide in round figures 100000 OK which
approximately So 900 can be provided from
the authorized stock heretofore unlssuedi and
tho remaining sl9ooo.000 out Of the proposed
Increase in the Capital stock
The extra Crdinary expenditures on road and
equipment during the year consisted OF the FOL
loving
Additional Right OF Way chiefly FOR the TN
proyement and enlargement Of the Fioert street
Extension leading into Broad Street station
Philadelphia, and advances for the acquisition
Of right Of way chiefly fer additional tracks pc
tween COlOnia and .Wayerly on the New YORK
tion in Newark. hereinafter referred to-
IL was necessary 20 enlarge and improve the
Filbert Street Extension into Broad street sta
ton by charging the schuyikiH RIVER BRIDE
and building two additional tracks from West
/ Phiade phia station 10 Twenty-third street, az
which point a new coach yard and turntable
have been constructed on the north side, extend
/ ing eastwardly 20 Twentieth Street. These facil-
| lties are now c0mnieted and IN use.
Broad Street Station and approaches have pre-
yiously been gradually improved and enlarged,
but with the constant increase In the number OF
/ Is not exceeded in any other large terminal in
/ this Country. IL Is evident that further exten-
/ sions and Improvements 90 properly accom-
MEDIATE the pss senser traffic In and out Or Phila-
delphia must be undertaken on larger scale
The proposed Parkway planned by the city
I o. Philadelphia makes difficult the enlargement
or Broad street station on the present location.
as had beer. previously contemplated. and this,
/ with other difficulties preventing prompt ana
adequate treatment or the situation the Board
I OF Directors approved Il the appointment py
the President OF Board Of Engineers 20 devote
I their time 30 assembling and studying the seN-
| eral plans and suggestions for the Improvement
OF the passenger terminal facilities, and al In
/ their conclusio ns 70 an Advisory Board consist
| ing OF the Executive Engineering ana Operat-
/ ing officers OF your Company. The final recon-
/ mepdation Of the Advisory Board. and plans
and estimates FOR carrying the same into effect
| will be submitted 10 the PRESIDENT ana board
OF Directors OF tbs Company Tor CONSIDERATION
and TO authorize sucn improvements as the
I situation requires.
| Substantial progress was made IN the revision
| grade and completion OF the tour-track system
/ through Greensburg. Including a new passenger
station AZ mat point, and the elimination Of the
! Greensburg Tunnel. and also the construction OF
! an undergrade crossing al Southwest Junction
/ The Northumberland Classification YARD 70
! reDlace the two wards In Sunbury, TO re-
! lieye the Harrisburg Yard, and u facilitate the
/ handling OF he traffic tho Northern central
/ Railway and your Erie Division Ia nearing COM
Active progress was made during the year In
! the elimination OF the grade crossings m the Clty
/ ~ rristoL by the construction OF a new line
1bropgb tiet City' and q IS expected that this
/ work viii be completed during the present year
! The Newark Rapid Transit Line, consisting oL
! ,bs cls@rriaoett1n OF the present tracks OF the
/ New York Division from connection WIN the
| Hudson ana Manhattan Iunhsl hailro "a 3ysts'n
! near summit Avenue. Jersey city 70 Manhattan
| arransfer and u branch from there TO- a station
/ IN park Place Newark, was begun during ths
va a
/ ~ the srmmer OF 1911. This VIII provide
! through downtown, rapid transit tunnel toulo
into New York city. ana aaui ,15 $500
! thereby materially relieving the consssted co.al-
lions al Market street station IN She 'at'e' -
| uhere tho necessary Improvements OF tht eAlat-
t,, facilities will be- undertaken When the co
| oneration u the city authorities has been Cd
| tained. 49,. r-.,sir,ton prancb 10
/ the cost OF which the city OF Phiia9e lpnla con
tributes and which mas el'h,!lsa' ea o. ~ e
fn4F
| g.itb he improvements IN Kensington station
was put in operation during sne nov knouu
/ - Wsrbeftan transfer Newark, which IS
The distributing point for passenger ttaIile as Ds
| ,r,.en ms up and downtown New YORK TERM
| 80 A. almost completed and vas placed II
| H,eration November 21th. 1910. a.t.-
| THE aggregate expenditures Tor constfueIloh
| oorinrnent and real estate Oh your Main Line
between New York and F: Ids ,5nI 49, 49,
S2i 744 d33. Of which F"o n' 81 aS2 "a \
charged 10 capital Account am So'g-si-, 800 ''
seainst the Net Income Of the year ana -, ~,
90 against the Extraordinary EApenditure fln,,
Ic,'ts. in harmony with the policy herelnhef0r'
st-ted these two latter expenditures aggrsshtihl
g. G23 % were necessary % ~tlIiali an, ,a'
F.--,,1- Tsuacitv and the value or the ram oal
SsriIities ana IN effect offset depreciation and
"'1 Tss Neo, York Tunnel Extension was practi
c.ii, completed during the year anu on sep
tsniber 10Th. 1910 the Past i,rF Dyson; -
10 mo Island was opened for the operator
al Long Island Railroad trains unIeT u 70 t ,Aas
sVlvaiia TunnoI ana Terminal Railroad Com
/ ~ {.,rst,r from the station. under the NQrtl
river 10 Harrison Alenhattan Transfer, \. j.
MAS competed and openea Tor traiilc on Noy VEN
go oTtb rqi0 from which date the entire lun
~ F'xtepsien from that point ~ a connection
with TIE Long Island Railroad AZ sqnnys so,
Ytrd has teen successfully operated oS YOU
| 49,, - - agent for the Pennsylvania Tunhe
and Terminai Railroad Company the corpoi atoi
, under whose powers lhls bA'oNs'oh was ~"
, . .tructsd for vorr system , .,
IN Is evident that no extraordinary teltl'n \,
| development Of this character can OK l.s.n y
, | ssa,tshls ~ solely dependent on the passenge
! yatas which can - charged tnr the short mNHas