Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-03-04

Baltimore Railroad ~ Stock
Trust Certificates due July 1.
Payment at Maturity Of:
Ten Year Gold Convertible 3laS
River Front Railroad Company.s
list Mortgage $40 Bonds :12.0oo.oo
Equipment Trust Civilizations. 6.44l. iOo.os
1t will shortly he necessary for the Company 10
provide capital for the SO 222jOD 90 of Ten year
Gold Convertible 3Eec Bonds which matured No
vember lst 1912. and for 81. 1S5. 10000 of Col
lateral Trust Loan 4lsfc Bonds due June lst.
1917 together with maturing equipment trust
obligations. and also for new construction work,
the extension and improvement OF terminals,
track and facilities. and the purchase OF equip
ment. The matter is now receiving careful con.
TO the form extent OF the proposed financing.
The issues of Equipment Trust s..cur.t es turn;
vania General Freight Equipment Trust ,ertiG-
Gates Of 1872. OF which tie Pennsylvania Rair ,ad
were thus furnished for the Pennsyivania Rail.
road Company Ss3 STEEL underframe ami see!
body frame refrigerator cars: for tine Pennsylva,
mia Company 1880 steel underframe and ste'i
body automobile box ears: for tn. Pitts
hurgh. Cincinnati. Chicago and ST. Louis RAILWAY
Company 5000 all steel coke CANDIDA ears: ard
for the New York. Philadelphia AMI Norfolk
Railroad Company 500 steel underframe 'enti-
aisd DO, s cars and . steel s'a~"a
During the year the final payments were made
under ID series of equipment trusts the ori?inal
Issue Of which amounted TO S13.0OO.0O0. Ines.
series covered 3.s.5 steel Gnderframe fox cars.
1900 steel hopper sondola cars 5000 stee! rnl r
syivania Railroad: 500 refrigerator ears. 1.5,o
steel hopper gondoa ears. Geo steel undcrframe
lon; sopaols cars 200 sesi fiat cars nnsr
frame box cars, 300 steel hopper gona"ia ears,
400 steel nnderframe long ron l"la ears. sab
leased to the Pittsburgh. Cincinnati Oh cagl
and st. Louis Railway Company: 200 se'l Topper
sondoia ears. sub-.eas'd to ths Cleveland Akron
AMI Cincinnati Railway Company: and - re-
frigerator sab-leased (" the G:ani Rapids
and Indiana Railway Company. repres' nj Nc In
all 1880 ears.
The ears therefore hive become Ia" property
of tine respective companies which paid the cost
thereof.
during the year Wee mainly II cover additional
right of way for new lines elimination OF grade
improvements at Broad street station. and other
points in Philndelphia. and for the enhancement
and improvement of freight stations and var !
facilities. at Hamnugh Junction ana Greenwich
in Philadelphia. Eizabe thtown. Altoona Cressoa,
tniontown, Tarentum. Peterson and New Ken
sin2tOn.
The book signal system TIL main Inc b.
tween New York and Pittsburgh was flrthrT
improved by the installation Of automatic sign Ia
on the Philadelphia Division between Ollie will
Block Station and Branch Intersection. ana %
the Pitt sburgh Division ietween Snmmerill and
Latrobe, and the wora viii lie continued next
year on the Middle and PHILADELPHIA Divis "ns.
mhe GoGFiaIdt Street Iey d house s ana pocx
far progressed that the Two ferry slips are NOW
in operation and the remainder Of the work will
On the Newark Rapid Transit Line. described
in the Annual Report for 1910 the Summit
Avenue passenger SIutiOn, deTScy lily. WIS pa
tally completed and opened May ::oth 1872.
and has since been finished and is accommodation:
large amount of traffic The Fourth Street ,ei
completed early in 1913.
For the eastern section OF the six.tra system
Oh the New York Division between Coonia. y. j..
| and Waverly, west Of Newark. y. j.. additional
right of way has been acquired. This work COM
prehends station improvements. the elimination OF
fifteen grade crossings by the elevation OF the four
existing main tracks. and also the construction of
| two additional elevated tracks between those
4
between Colcnia and Elizabeth, ard should he
completed in 1914.
pany and other lines have extensive mileage Is
now considering the enactment Of new legislation
! for the elimination of grade crossings. IT has
! long been the policy of the Company TO encourage
! the removal of grade crossings, and Ii has spent
large sums of money for that purpose. but still
greater results In this direction would have been
attained had the States and municipalities been
authorized. or willing. TO cooperate in the out
lay. The railroads in many instances have been
the pioneers in the development OF the towns.
cities and territories served 10y them. and their
exis tence has mn terially added Ia the population
and prosperity of these communities. But with
81 many crossings still 10 be eliminated. the
greatly increased payments for faxes and other
items and OUTLAWS for improvements in their rail
roads and equipment. which still confront them
and are essential to public safety and convenience.
! Ii seems unfair and UnTise to propose that the
railroad companies should be burdened with either
| the entire cost. undue proportion OF the
cost. of eliminating grade crossings many Of
which have been opened subsequently, to the
| construction of thu railroads and against their
strong protest For these reasons and ac-
count of the great increase of motor. street rail
way. vehicular and pedestrian travel. il is hoped
| that the Legislation now pending will be franz
ed in the public Interest. as to enable either the
State. the municipalities or the railroads to take
the initiative IL the abolition of existing
! ings. and To cooperate in earring on the work
| by providing fair and equitable division of the
expenditure. do the laws of New York, Massa-
chusetts Vermont. Ohio and other states.
The improvements: of the passenger facilities in
philadelphia Is still receiving consideration by the
| various departments in the service. and also by
81 loo
/ pany. AS outlined in the last annual report. ii
will necessitate a. an increase in the tracks and
of the station facilities at Broad Street Station
and of its approaches as far as West Philadelphia
and its approaches. over the Schlylkill River and
| the adjoining entrances to Fairmont Park at
Girard Avenue. by the construction of two addi-
tional tracks and revision of the signals and in
terocking. which is now proceeding and ia the
enlargement of North Philadelphia passenger
new tracks with high level island platforms. and
other improvements including the relocation of tho
| junction of the Chestnut Hill Branch with the
New York Division at that point, which is now
under contract.
! In brief the Philadelphia Terminal problem is
| TO provide increased terminal facilities and ap
proaches for approximately 20 years. for lines
which equal eight double-track railroads.
~, An N, ordinance was obtained from the City OF
steel bridge across North Broad Street near North
Philadelphia Station.
Pending the results of the invest ga ton Of ter
minal improvements for Broad Street Station.
Philadelphia. satisfactory progress is being made
| in the acquisition OF the necessary real estate
Extensive repairs and additions being made
. 20 the West Philadelphia stock yards Of the Com
pany. and the piers at Greenwich. PHILADELPHIA.
| are being improved. and the dock extended. 10
! facilitate the loading of coal at that point.
On the Raid Eagle Valley Branc1 the grades
are being revised and the line Is being double
| tracked between Mount Eagle and tho Howard
Rolling Mills and passing sidings are being ex-
| tended. to provide for the Increased t0unae
passing between the Main Line and the Erie D.yi-
| sion via Tyrone and Lock Haven.
| On the Pittsburgh Division four grade crossings
are being abolished in Braddock Pa. by the
construction of three under grade bridges ard one
verhead bridge: work is in progress the
elimination OF grade crossings in the City OF
/ Pittsburgh at Homewood Avenue. and the work
of eliminating all grade crossings in the Borough
/ of Williamsburg has commenced.
In West Brownsville Yard. Pa. the change of
grade and extension Of track facilities necessary
/ 10 connect with the double track Monan-
sahela River bridge. at that point almost
completed.
| On the Sunbury Division the double tracking
WAS further extended during the year nv con-
structing second tracks at BOYD and South D1n-
| vile. and between Port and Honey Pot Yard Pa
At Montgomery. Pa. the sixteen span double
track steel bridge over thc West Branch OF the
| Susauehanna River. renlacng the single tract,
bridge at that point. will he completpd this year
The aggregate expenditures for Construction
| and Equipment during the year upon the owned
and leased lines OF this company S16.322
| hursed by leased lines tn the extent Of 1927 ZOE
| A. The OF SSSs. 1O1. O6 was expended on
the Western New York and PENNSYLVANIA Rail-
way. Cambria and Clearfield Railway. and other
| Branch Reads. and charged against Income as
Expenditures Branch Roads for Construction
The expenditures the line owned and on the
! Harrisburg Portsmouth. Mt Joy and Iapea 81 y
Ra lroad and the United New Jersey Railroad