The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-11-14

ancreasDA from et3s.306.6oo t. $685.
ekl3B0. and its funded debt including
car trusts, ran up from $e9.3:o.46l &c
S97l. <e4,s2l The mileage OF the en-
tire system was increased from s,2S'
20 il.osl miles. Of line. while the gross
earnings jumped from $l3e.lSe,2'2 Tor
1895 to $2?s.sss.l65 for 1905. inconis
over all operating costs and avaiiaol*
for fixed charges and dividends gre"
A the same time from $46,ols.6S9 to
eIos.sse.aSs.
Il was after this tremendous expan-
sion. but still with costly projects yet
unfinished. that James MeCrea came to
the presidency of the PennsyiVah!a
Railroad on January 2, 1907. hve days
after the death OF A. J, Cassatt. When
he retires he will thus have been pres
,aent of the company just two DAYS
less than six years. Under the NC
Crea management the fenhsSNahi''
Railroad system increased by Only
<e3 10 1855 miles Of line. It's gross
earnings for last year amounted 10
SSss,35lss9, or s4o,i5S,Ioi more IMAM
Cor the anal year OF the Sass"tl
regime, while the income for payment
az interest mad dividends was sllo.-
-as So 70 compare with sl0s, 29o,2S3-
The capital stock OF the PennsyIvan.a
Railroad Company is now si5o,s ~,
while the latest annual report showea
g bonded Indebtedness OF S263,io'''o''
Hi. Most Striking Act.
The most striking act of the NC
Crea administration was the reacqo-sl-
,sop in 1910 OF an absolute majority
stock control Of the Norfolk and Wess-
srn Railway. In September. 1906, A. j.
Csssatr. scared by the Northern &c
curi,ias decision, and casting ABOUT IoF
the .asiest way to get large FUNDS ioi
construction projects. sold ABOUT ma
cf the Norfolk and w stern ana bai
,;r,ra and Ohio stocks held and all thS
Chesapeake and Ohio stock when hau
neeu bought few years before.
Samuel Rea is now about to become
Oh, head OF a railway system OF ii.3Vt
miles OF line and 1881 miles or 'rach-
located in thirteen States ana the DiS
,rict of Columbia, and equipped win
1908 locomotives. 6,SG5 passenger anu
26Ss90 freight cars. He Will De t"e
ninth president OF the system Cndef
~. Mccrea administration the Penn
sylyania system has gathered energy
for another great forward spring us
business has grown up to its faciities'
and in some cases outran them
MI Rea will put and keep the Penn
sylvania Railroad system iuiiy aoteas"
n. tho times" said an influential al
rector to-day. Mr.. McCrea worked 10
IN in what A J. Cassatt uncertooh.
and TO bring things together ihere
is unlikely to be any big hnancihS
done before next year Without any
adverse criticism upon Mr. McCrea'
int administration which MIR. Rea
will give VIII De more proH'uh.eu Gil"
aggressive"
IL is believed that one of the nrst
proieCts which the Rea management
will undertake will be re-construc-
tion of the passenger terminal system
at Philadelphia, including eiectclhca-
,ion OF the suburban lines. Mr.. Rea
is understood TO favor North Phiia-
celphia as the through station here
Tor western trains, and that ana west
Philadelphia as two stops for tHe
though southern traffic, with develop
naent Of Broad Street station to handle
all trains starting from or enoing 'He!'
runs at Philadelphia
East Of Pittsburgh, the Pennsylvania
railroad system shows construction
projects III hand which Will cost In
all about Sl2.600.000 as roughly esu-
mated 1t is calculated that the PAM
cd improvements in and about Philadel-
phia as recommended by com
mittee of which Mr.. Eea is the head.
but which President McIrea mas heio
ND. Will cost S15.000,000 to s20.oO0,00o.
Mr.. Rea is a corporation manager with
big ideas and the bold confidence nee
sssary to give them effect:
Up From Chairman
The president-elect Of the Pennsyi-
vania Railroad was born at Holidays
burg. Blair County. Pennsylvania. Sep
TENDER Il, 1855. His first connection
with the Pennsylvania Railroad was In
the engineering department in 1871. as
q chairman and rodnan. After periods
OF time employed in other enterprises,
Mr. Rea was chosen as assistant to the
president. He was sent abroad on the
delivery OF his appointment to inves-
tigate the English railroad systems
In 1891 Mr.. Rea was appointed first
assistant to the president. and in lSs:
be was elected fourth vice-president
of the road. his position gradually be
ing made more important until 1911.
when he was elected first vice-presi-
dent.
James McCrea has been at the helm
Uf the Pennsylvania system since Jan
Uary ?, rsG!, following the death OF