The Washington herald., 1913-03-04

lbave also been included under the Road snA
Equipment Account as Leased Ltne'-Road; M ,., .,
Expenditures dnriaz lg2--.....----..-. *Ss'ioa
Expenditures June 3th 1897 to De
c-nber 3ls;. 1911. s'p'Sts
M9.nan
i An ofsettng liability appears the credit side
cf the Balance Sheet entitled Additions TO Prop
erty since June 3oth- 1907. throngh income. IN
which Is carried not only the s.. SO t9oG. but also
\ the payments through Income Account OF Car
/, Trust Certificates amounting to S.soi.IzS for
1872. and sz sH.os for previous years assressi'ns
/ ssosso oslo
| On account Of PRINCIPAL and inteVst Of Water
supply Trust Certificates s5gi. .3SLa were sIpended
during the year and charged against Income. me-"
/ Railroad owned Jointly b this oompany ard the
New York. Ns,E Haven and Hartford Railroad Com
Iany, described in the rrtort Of last year is Iso
| ceeding. Additional contracts have been awarded
fer foundations and masonry Of Bronx NiaLuct;
foundations and masonry Gf piers for BrunX
| Kills Bridge RandaIh Island viafuct. Little Hell
Gate Bridge and Wards Island viaduct: for the
bases ard foundations n the East River Bridge
Wards Island and Long Islsnd City; and for the
Lang isisDd viadnri; for Foundation and maroliy
betN'Fn LANrsncs and Stemlcr streets: and iT
grading afd hns-JpFy between its nonnectiOn with
the prnrEs i'anIs Tunnel and Terminal and the
Log Liam Railroads at WOoiside Avenue and
fof''tserIth ATrtnir
| The increasing traric between Pittsburgh and B'f-
, faO via n" AIIs CHEM Division and the Wesiern
Nov YORK and PennsyiVaniA Railway requires the
cJnstrIctLOh ~ tbrsr tunnsfs and the reduction Il
saaies and other improvements the Allegheny Da
Visi1g b-tv--u FiI'Efurgh and OIL City. and the
dnrtiOn q sTaiss and iraUosements Of the rsiroad
and yard fsciiiiss the said railway between Ol
CITY and Buffalo. via Brocton and the ChautauIua
Branch. 10 fully utilize IL the principal
route for ard fright traffic between these
cities. and the work has been authorized. A. tho
result of thee IMPROVEMENTS the heavy grades will
be restricted Ia rlatEey shOrt distances between the
s1id cties and this ngItr, which obIectinnab be
because Of heavy grades will be 50 miles shorter
than Tie pr-srIt route via OIL City. the salamanca
Branch. ard Oleans and will have not only this
advantage in distance. which viii produce satstar-
tory operating Ccoromies but its will IDstrone
for ssTeral yecrr the double tracking and other eN
Icnditures the ITsssnt rUItc.
To meet the COa-tructon and Equipment eEponii-
trres the Wo.tsrn New York and Penns IEanla
Railway during the year. advances asgEt eating 81
2!25 made by this C0mpsny. and charged
against tho net income ~ the L-ssee COMPANY.
This Company will also b rauTed to provide funds
fU- the improvements heretofore mentioned that
railway during the 1917.
! On the Csmbria and CleArfeld Railxsy. the Cherry
Tres and DKonviile Railroad and the Pennsylvania.
MOnonsabHa and SoHIthsrn RaiiTCad. various short
branches built reach c0al mining OTeratinas
! Til. oumrany advanced Slsi 1916 the Gambia
and Ciearfeld Railway COMPANY TO meet its con
strlction expenditures, which was charged again.
the ne income Il the Lessee Company.
! Il has been deemed advisable To absorb the Cam
bri4 and CTsarfeld Railway COMPANY. Which f~
msnv years has teen owned ard operated By t'It>
C,nrany IN connection with its line the coir
stIuction that road and it, several constituents
having been promoted By this Company for the De
Clesrheld region The necessity for maintaining The
COMPANY a separate corporation locser exist.
and the agreement providing for its acquisition WI
in accordance with nOtics given 10 the stOcSho IL
Be submitted for ar,pr,yal at the annual nertin.
The of Ssi .os.si was advanced 10 the Penn.
sylTaui1. M0nonsahsla and Southern Railroad CON
raBy meet its construction expenditures fCr 1871.
for which it reimbursed this Company 6y the l.
.uance Of It's stock and bonds in equal portions.
\ hTepToof grain elevator of enlarged capacty ard
modern facilities Is being erected by tie Gir7.i
Pow many
phiA. 10 take the place Of the TEesent elevator.
I'm Tho Philadelphia. Bsltinore and Washing IL
Railroad the work of rrcUastruCtiHg the hTlsi.-a
nver the Guupowisr and Bush Rivers is procse,lI
and will hr finished during 1918 The recDTst-lcJTrt
ot the bridges oEeT StsTnmfr Run Back River a"'i
lGvyuns Falls viii sso be undertakes in the ress7'
veal.
Tr- installation Of automatic block signals oii
hrrylsnd Division has been eompeted between W..
inston and Baltimore. between Princiso snd r.
Hill and bstv'-n Ruthby and Wilmington s1d iH'
work Will be ~Dntiruei next
! On tie Northern Central RsilEay the w0I, n 60
larsirs the Mount Vernon Yards. Baltnore. e,-
lively completed Tee Eht fac:!fs At Y0TS Is
Hish!srdtoFr Md. and at MarysrIs Yard. ar al
l~ins rnlsrr~d ard improved TO accommodate tie IN
crcascI traffic These improvements will probably -
con Elettd IL 49,.
The execution and delirsry of tie proposed lsa--
by this Company Of the railroad Property and Am
chises of the Northern Central RAILWAY COMPANY. -
still delayed by litigation. CndSr its WnT1-oJS.
which have been fully explained N The Animal r.
TDrr ior laIC the lease and rental ryu:ents ya1'
sr.ctivr January 1t. 1911. ard accounting ~
tween ns ss.r and lr<sSr from tIA- date viii h'
: rr-c.nr- n and WREN the ifas- has hcen iu',
r-Ttsl ,nd delivered il csn,ormi;y with il tern.
ard cnaiI'srrS
! The wilae,-BlGry CGnnectirE Railroad ronp'.v
V4s incorporated during the year jointly + '.''
! Conr1Iy and the Dciav-re and Hudson 'om7s'.'
20 Ibid, line miles in length. fl n r.
r,.,sucd Yard - the PenrsylIani4 Railroad west o.!
the City Of Wilk, Barr. HudsoE. the linF ~:
lie L. ,=varv and Hucs1n Company. TO ts,!ItIta jh'
i~:,r aas, Il t:affc between the rvr' -ncds a't
avoid it. M'Tenent Through The t1''n".' cS1'eT 4
t,sr c.;y. a.I VI. rlr Er.ck, Il Ct.ir- Eal.-N7dS
! IT, surplus .Eur n frusf;=- seventh Aver.
Ii tv,.u Trirty--s nj and ThirTy-thi1d Sr7-:.. y
Yu-: Cry. oHncd ~ the Pennsy.Tari4 Tr-a.rl -
! 7. rulintl RAILROAD ComTluy subsidiary -; IT,
,,4.. an. ha< le.I c,rvcy~l :" the Pc"rsslvaI"
r rs.iaal Real E;ate 'cnHanv looking 20 IL INT '
d, vtopmtrc
! During the ve1- rle ''pnp-u, made advance.
tie Lus Island Railroad |omTauv ss-rr-s'- -:
500. ;r5 tn. m.-oTrrr7nt II it, riilrosl u
"a. lIIir-. sud tie construction %: net Ene- ~.
Minor atysrg,. VI, as, r.ads to ,h. rar.-,,ya.
Tr-.l.l md Tctmiral Railrrai 'r,GIauy n IS o..
which, - certificate q: inlcbteincss 10 TIM 'omrr'
! t., rsn.,sr. aid dunn. rhs amou.,st ?"
/ S'i.c----...i
rr.,4s> in thc aunral m. set aren't - rsl.r''
rlrrrt- fruTn S7Ipcc, 10 $500 Ter H'nc. sri 80
: s.yt autnu:ity tn. E1lrl oi pir,rtor~ 70 hai'
aft iucrca-. the r4sl IN aIrrroiTiaJi0r ~cir
ten; may fTn. t.r u TIM. ne usc--'r, - NJ =
rae rtrrcscs f,r which tire Pension DeraTtn'c7t 80
created: sr,h increase " reported 70 the st rs
holder.
The additional apTruTI isti"n IL NEGOTIATED r'
the ii6T6asissg number Cf tcrsoned smTloy"s. els.
ciarlr letEecu the ages nf s. and 50 a2d -
advances in wages made from tnr 10 tinr. which Ii
crease the average TCr-ou all0rarcrs.
: The securities held by thC rorpar'. n "-mh~r -.
l9. al valuation Il ST. Sc - - lr5du-rl 81
ret income during the year q SIX gl.t6 Ir'7nz
! the rcar the Company increased it, holding, n Y"
4, ioIL and WCrtsrn RailNsy tOnpauy Common 81 *
by stTssleS0 % though the confession II q liz
amount Ut NCrfols and W"S,eru Ra'l"sV 'Hmrtn
Convertible h0ais which It hal sui SCrrh'f a. =
during tho year and also acquired SCcl9a ~ Po
| sv,vsnia Tc-n.ira Real Estate C0mTdrv stUcE-
! FTcctiTr May s,h. Elc- IL" aaTr 60: 'Hc I''l1a''
and Allegheny VALLEY Division changed -
Northern Division.
T the Board.
SNNTI'