Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-03-05
$14,319,3 60

The charges to Capital Account were further
| increased $4s2,054.ss by the absorption OF the
Ridgway aud Clcarfield Railroad, making the
total charges to that account for the year
So. O4;,0ll.
Under the Balance Sheet prescribed by the
Interstate Commerce Commission, tho Road and
Equipment Account includes not only these cap
ital charges, but also similar expenditures made
out Of Income since June 3Oth, 1907 on the
| roads embraced in the Balance Sheet. There
fore, OF the foregoing $6,965 ,ss1,2". Income
expenditures not properly c,argeable TO capital
; account, 5000, 229.03 on the lines owned, and
on the Harrisburg. Portsmouth, Mt. joy and
Lancaster Railroad Company, have been 50 In
cuded in the Road and Equipment Account for
the year 1911. but the balance of $3.50. 30 %,
Ieasehold expenditures for the United New Jer-
sey Railroad and Canal Company. and $593,-
| 1868. oil for water supply Trust Certificates are
| accounts not dealt with in the Balance Sheet Of
this Company.
| An offsetting liability appears on .the credit
side OF the Balance Sheet, entitled Additions
to Property since June Both, 1907. through In
come,'' in which is carried not only the $500
9.03. but also the payments through Income
on account of Car Trust Certificates amounting
| to s3,O76. $500 Tor 1911 and $837, G44O7 for
previous years, aggregating 81. 1j4, I26. 10.
| There is also Included in the General Balance
Sheet, in the Cost OF Equipment, ~ 1872 6s7 "a,
chased during the year 1911 out of the Reserve
for Accrued Depreciation OF Equipment estab-
lished under the regulations OF the Interstate
Commerce Commission From the total cost
OF equipment Is also deducted the Reserve Tor
Accrued Depreciation Of Equipment, SIC, 49,
S77.T7 so that the net book value of the equip
ment can BIZ ascertaned.
The accrued depreciation can he reduced only
| to the extent of the original cost of any equip
ment retired. but the original cost is not suff-
! cient to replace the retired equipment and pro-
in conformity with its established practice, Will
/ maintain the standard and value of its equip
/ ment, and the amount which remained unapplted.
December 31st. 1911, viz: 81, 200. O2S.35, will he
! spent for equipment ordered but not yet re-
| ceiyed.
The Improvement Of the Company's passenger
facilities I'm the City OF Philadelphia, the neces-
| sity for which was explained In the last annual
/ report, has been given most careful considers
ton during the year, and the Board OF Directors
| have about concluded that it should be accom-
plished by increasing the tracks and platforms
and enlargng the station facilities mt Broad
Street Station and North Philadelphia Station.
Consideration is also being given to the separa-
tion of through and local train traffic at Broad
Street Station and whether the electrifcaton of
some OF It's suburban lines would not afford ma
terial relief at that terminal. This decision will
be announced when the studies now being made
| by the experts have been concluded. 49,,
| lines In which this Company is interested was
as follows:
On the Northern Central Railway in Baltimore.
and the enlargement Of facilities and rearranse-
| ment Of tracks, were practically all completed
during the year. we'll the Orangeyflle round
house, which was paid for jointly by the Phila,
| the Northern Central Railway Companies. The
| old round house at Mt. Vernon Yard was aban-
! doned and the service is now performed at
Orangeville.
There is practically no change to report in
the status OF the proposed lease by this Com
pany Of the railroad, property and franchises Of