The Washington times., 1913-03-04

tors and thereby constitute Board of sufn-
cient size to nrooeriy rrnresenf The r,,hI,c
| and to direct the necessary far~reachins in
vestigations and fully share the reuponsibil,-
ty OF an impartial determinati0h Of the eouit-
able and economic question: aristns frorn
such disputes. II viii also be found neces-
sary to provide . longer time than thirty
days specified In the Act for the considera- l.
tion Of the subject and the rendering of a
decision
or lockouts By rsguirinr cosnrmIsorv arbifrs-
tiou hut II In vfse' to cor.tdsr ,rt.ths. ~
obligation shcuid not Be- planed upon the em-
ployey and ssfnpIoye TO adyfue the suthorttie.
Of the .,Quest1ons A isuua tpfor. anv lock
outs or strikes can become effective. no that
by due publication and INQUIRY the Govern
ment and the public may be FULLY informed
Of the extent Of the controversy and its
causes
The ne, rex.nu. ~ IN cn.r,,,on. .,ow.
an jncress- ~ n mn - e s'o"'
'rsxe, cortinu. 10 ,ncrss. ,h. rh. 60,
the pressnt ysar e1ceedfn. tsoss 81 tSs
nreyicN,s veay NV sas2 20 n >'
ma tonnare for fhe yesr incrs...a "A sser
ana tonnare riiea - ,nc,..~ad ~ a<r s-Ss,e
,, the frrieht train miIs.s. Sncraa.e, nniv
I0s sses due to An incrrasei tr.in loaS of
aifg -" 'o-o VI
tn. -
sen caIIeo IneIeesed .s..s'
III. ~ - MneA&e OF o.u.e.
WIZ IN tne nc OF this. Sne pa1enser uain
. runoef u pesse"sers Per uain ihcreas-
"As
IN tne deductfons Tor lease OF other roads
The larger payments are due to the increased
basis OF Net revenue.
-, ne dscssese % IN ths interest r.. deductions for
iuhoeo DEBT compared with isll. was due to
the maturity and payment on May lst, 1872
OF the River Front Railroad Company First
~ ~ pnn.n,., ano i.S on osemoer m Isl. .s gis
r.-..--.,kt- ,n<a
payments Of nrincip.l due on Eopinment
Trust Obiigations
The Company has In contemplation many
important and extensive necessary improve
ments, large portion OF which should not
De charged 10 Capital Account and for which
the Reserve for Additions and Betterments
will bs utilized: such a. the improvements Of
Broad street station. Philadelphia. and its
~ sno s.sa. s@ nnpfuve"en.s OF.
,n ~ esneny ,. Uvision r % mere nsssnalser referred
elevation OF fracka on the New, york Div,.ion
from Colonia eastward. through the CITY Of
Railway. to Bay Way, Elizabeth, and a
Slight change OF line in the City OF Elizabeth
| where the line has already been elevated II
also contemplates the abolition Of additional
grade crossings In Philadelphia. Lancaster,
Lilly. Johnstown. Freeport, Williamsburg
| Pittsburgh. and other points on its lines
when the local authorities o-operate In max
Ing the elimnations. The Company also has
| In contemplation the construction OF a new
double-track steel bridge over the Allegheny
| River at Kiskiminetss Junction on an i'm
proved line to take the place Of the present
| single-track bridge.
Tho Capital Stock was increased over the
previous year by 800 %. Of which $50 90 was
Issued In exchange for Fractional Convertible
Bond Receipts, and $50 for Dividend Scrip
dated May a. 1893
The Funded Debt and Equipment Trust
obligations were reduced as Follows
Redemption throush Sinking Funds.
f-o,.o,,,.,., N,.r.n. c,r
go ~, =, 80 '7O $1,000. =.
bo''us due jury l. S'o' o'''-....'. S'sS"'''
Equipment Trust Loan due Isli.- l2l.oo. 90
N"iaterai trust Loan Bonds
4S% due June ]. 1slS...--....... 81. .6o. 90