New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-04

! through Income" in which is carried not
only the 50, 49,. 695.oD but also rhe payments
through Income on account 90 Ga 7 oa sar
I19l2 and sG3I,G44os FOR previous years az
greg ating 81. O33. OG7.i6.
on account OF principal ard interest Of
| Water supply Trust Certificates So2i,3oLoi
were expended during the year and charged
against Income. -.
ing Railroad. owned Jointly by this company
| and the New York New Haven and Hartford
/ Railroad Company. as described IN the fepol'
! Of last year. is proceeding. Addltiohsl Son
! tracts have been awarded FOR foundations
and masonry OF Bronx ' laduct; fouhoattttYg'
and masonry OF Piers for Bronx NJ
, Bridge Randalls Island Niaduct Little Hsi
| Gate Bridge. and Wards Island Viaduct; ioI
! the bases and foundations of the East nv.
Bridge on Wards Island and long isiatl
/ city: and FOR the Long Island Niauuct, io'
! foundation ard masonry between Lawrence
/ and stemlcr streets: and for grading an
| masonry between it's connection with the
| prnngvivania Tunnel and Terminal and tie
Long Island Railroads at Noodslde Avenue
and Fourteenth Avenue .,,,
| Thc increasing traffic between Pittsoursn
ard purfalo via the Allegheny Division ana
the western New York and pennsylvania
Railway requires the construction OF thres
/ tunnels and the reduction or grades az, sno
! oth~r inanroyements OF the Allegheny DIV.
! sion between Pittsburgh and Oh CITY, anu
the reduction OF grades ana inpro.eIhentH
| OF the railroad and yard laciitles oi. t,o SAL
! Tafi,ya,, between oil CITY and Buffalo. via
Brocton and the chautauqua bfanch 70 i"9 81
! fully utilize II as the prlhclpal lou'.
, passenger and freight traffic between these
, cities and the work has been authorized. ~
/ the result of these Improvements the nesns
| grades will be restricted 70 reiatlNeiy s. Si.
| distances between the said cities and TINE
J route which was objectionable because Ol
! heavy grades. will be over y miles shor,ei
than the present route via Oh CITY; the sa.s
manca Branch. and Clean and VIII have no,
! only this advantage In distance which VII
/ produce satisfactory operating economies out
| it's use will postpone for several years IN
md
| tho present route. .,,..
expenditures on the Western New YORK anu
! PENNSYLVANIA Railway during the year. al
! vances aggregating xj25..l2.3o were MADE bF
this Company. and charged aga'hs, tne u
nm will also be required to provide funds
| for the improvements heretofore mentioned
on that railway during the year 1917
| IN. cherry Tree and Dixonville Railroad. ana
the Pennsylvania. Monongahela and southern ,
Railroad. various short branches were DUN
| 10 reach coal mining operations.
| This Company advanced Sls4.59l36 10 the
| 81 ,nbria and Clearfield Railway Company 10
meet its construction eXpenditutes which VIZ
| charged against the net income OF the Lessee
| II mas been deemed advisable 10 absorb the
| which for many years has been owned arc
| operated by this Company In connection WI WIZ
| Its main line. the construction OF that roso
and It's several constituents having oeeh pr
| noted bv this Company for the development,
| OF the bituminous coal traffic In the CleafneIa
| region The necessity for maintaining ths,
| conlrany as a separate corporation no lohsel
! EXISTS and tho agreement providing Tor ~
acquisition will in accordance with hot.ce
given TO the stockholders be submitted TOT
| approval az the annual meeting, A.,
| The sum OF sa4 4Os - was advanced 10 the
! Pennsylvania, Monongahela and southern IA,
road company TO meet its construction eNpenuI
! ,ures for 1912 for which IT reimbursed TINS
I Company by the issuance OF its stock ana bonus
/ IN equal portions. ,, .n.,;,,.
I and modern facilities Is being erected py N"
Clrard Point Storage COMPANY az Girard POM,
Philadelphia TO take the place OF the p'esen'
ON the Philadelphia Baltimore and WASH
| ington Railroad, ths work ~ recons,ruc,ins
tho bridges over de Gunpowder and bus'
! Rivers is proceeding, and Will be finished dti-
INC 1919 The reconstruction OF the oridges
over steamers Run, Back River and Gwynn
Falls will also be undertaken IN the prescott
The installation Of automatic block signals on
the Maryland Division has been completed o..
| principle and Iron Hill. and between Ruthey
and wilmington, and the work VIII be con
tinued next year. -, .,, =,
enlargine the Noun, Vernon Yards. baltimore,
was entirely completed. The freigh, facilities a,
York, Pa. Highandtown. Mo- ana al nh,ys
Vile Yard, are also being enlarged ana ~,
proved 20 accommodate the Increased ramo'
These improvements will probably pe COLT
plsted in 1918. $1,000
lease by this Company Of the railroad. property
and franchises Of the Northern central Kailway
Company is still DELAYED by litigation. lnde,
its provisions which have been fully EXPLAINED
i'm the Annual Report for 1910. the lease ana
rental payments became effective January ~,
| 1911. and al accounting between the iesso. an
lessee from that date will be necessary II anu
| when tho lease has been duly executed ano oe-
livered IN conformity with It's terms ana con
The wikes-Barre Connecting Railroad Com
pany was Incorporated during the year Jointly
BY This Company and the Dsla"e,e anu ,, .,u1 4,
son Company TO provide line seven mics ~
length, ron Buttonwood Yard on the Penn
| sylvania Railroad. west OF the CITY OF "ilhes
Barre. to Hudson on the line OF me pe'a a,a
and Hudson Company, 20 facilitate the inter.
! change o, traffic between the two roads and
avoid its movement through the business Ger
tire OF that city, and via the tracks OF o'he'
railroads - -. ......-,,
Avenue between Thi-ty-second ana Thirtyrtnlru
streets New York city owned BY the Penn
svlyania Tunnel and Terminal Railroad Com
pany. a subsidiary of this COMPANY has been
conveyed 10 the Pennsylvania Terminal Ees
Estate Company looking 20 lie future deNeiop-
During the wear the Company made advances
TO the Long Island Railroad Company asgre-
eating g. 625. 900. for the Improvement or ~.
railroad and facilities, and the construction OF
new lines and equipment. and VIII receive
! therefor securities OF that Company
| Minor advances were also made 10 the fehn
svlvsnia Tunnel and Terminal Railroad Tom
panv In 1872, Tor which its certificate OF IN
debtalnesS to tllie company nos o'e" isSeNu
Tie pensions paid during the year amoun'ed
| 10 s648,3Tj.34. ,-,..
rhe stockholders will be asked 20 suthorike
| an increase in the annual sum set apart Tor
| uension purposes from S1oo coo. 20 f'co"o PEI
annum and 10 give authority 20 the Board O.
directors 10 hereafter increase the pension AZ
rron-ia.ion 10 such extent az may. rom tlne
"a time be necessary 10 meet the purposes Tor
which ,he Pension Department was createl
such increase TO be reported 10 the STOCKHOLM
ers . .....
The additional appropriation IS necessta,ed
nv the Increasing number OF pensoned EN-
,ioves especially between the ages OF 90 ana
10 Years, and the advances in wages made
from time to time. which increase the average
pension allowances. - -.
The securities held b. the company pe-
cenber 3ist. 1912 al valuation or $o3i so"
ia ~ produced a direct income during the
wear OF s14 So7. 49i. SO During the year me
| Con1panv Increased It's holdings OF Norfolk
and western Railway Company common
stock BY 81 Tss 100 on through the conversion
OF A ike amount Of Norfolk and Western
Railway Company Convertible bonds, 10 "nlen
{, had subscribed az par. during the year and
also acquired 81. 900, 900 OF Pennsylvania Ie'
ninal Real Estate Company stock.
| Effective May sth. 1872. the name o. W
Ruffalo and Allegheny Valley DIVISION. was
changed 20 Northern Division
'''' SAMUEL REA,
President.