The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-28

February j, 1914, over $4,000 STOCK
holders were recorded on the books OF your
Company. and tho average holding was IL .
shaiss each; n.,. 49,, r..,..... r.,..
obligations were reduced as follows:
BY Redemptions through Sink
Ing Funds. .................. S3s7st0.00
BY Payments at Maturity go. N.g2otlsls
BY Purchase and Cancellation. 1iS17s.os
Total Observation-Disclosures l5. 36i ,&3s2<
.u -
The railway properly and fran
chises OF the Cambria
Clearheld RAILWAY COMPANY
~ srsntsd .u BY y"I the As stosk:
hoiders, subject 10 the out
Equipment Trust oSiisstions
on account OF fehnsylNania
in ~, n 10 CO. were issued amount +, az, koo az
49, 80. 80 a.
TOTAL ....:.............. 81. aes.Seo.25
Net Increase ....,......., 2,ot5.062,o1
eurlt,es darins the year Tor - line. consisted
Freight Equipment Trust Certificates OF 1919.
of which the Pennsyivania Railroad Com
During the year hnal payments were made
under twelve serie. OF equipment, trusts, the
si2, 900.
on July lst. 1918. the bonds OF the Harris
Railroad Company. OF which your Company
T. the lessee under e es9 year lease, having
period OF thirty years, bearing interest at the
rate OF four per cent. per annum. the prin-
clpal ana interest being guaranteed by your
lease.
In order that the Company may hays
broad basis for future financing the
stockholders win be asked TO approve OF
the creation b. the Board OF Directors: OF q
IN such amounts and at such times as may
be required TO refund or pay on at or before
maturity any obligations OF the COMPANY, or
were acquired subject thereto; to provide
for necessary additions. betterments and i'm
DrONemeEts to the railroad lines, equipment,
properiy ana tae'nties. ana TOT any sna al
Sner aS Sdnd and proper SSrpS sa
poe withoat tne prios ocnsen, o, we oes.
noders ana me assresss'e aouht OF pone
under at any time ,nsi not eSSeed the
mtn I1,s'sndins capital sioek .o Tn CG I,n
msdiats financing; but !, desires to Be n a
pos os''aon 20 proViIe iOr w. iutute retun ,,s
81 bonas under he prepo.sa new y Mof,ssss.
through .ho Js,,e ana sale O, Csnitsi s;ock
or oy suS ,.a ot Der FORM s 81 nnahcihs az at
M, ,Sy,Dvsysors 10 ~ C,Unsa s,1 ~ ,I
~ H.. 1orS,,,nn. nm ,rss !,i
TIE Work is "a ,isfactoriiy pTosressin. on
Tor The Sew York Division between CoIon,.
y j., ana Waveriy, \ J., ineluainx th.
elevation Of the four existing n,.in trschs
and the CONSTRUCTION OF two elevated d tracks
ana grading and masonry Tor two more
tracks viii shortly be competed and lie
remaining tracks Il j. expected. win be
finished by ;he end OF i.it. thus completing
The passenger facilities in and around
Philadelphia have been improved during
n, he ;esr as s toliows; The eonsourse "a
Connecting Railway two tracks OF the new
bridge over the schuy xii River aud ap.
mount park. were placed in operation
during the year The old bridge Is being
tracks will be competed during 1914 tbu.
m a kinr a i've track reinforced concrsie A. M
rsGas srh Of 9rd h Nor,S Sf The
senser station Is progressing, The plat
ana the Inbound New York Division hirh
level Island platforms. with the adjoining
enpenaiturs. mnds a !ss.. on Cone n.
Meeting Railway Tor this and other work
Ss ,hs s%s. Ana has BONDS q y the
COMPANY;
To relieve congestion by increasing the
station philsdslphis. the eiectr,aca,, S'e o,
senger trains. is under way. and Will be
followed by the liberalization OF the New
nSrn pSan ito S?Th ass n.
Of overhead construction on the Main Line
has been completed between Radnor and
20 decide by actual tests the type OF over
head construction best adapted to Its train
service.
The work of improving the srades and
tn!iisnment ana double tracking between
division ana The western New YORK " snS
fenhsylNania hallway. Is proceeding salts
iae,orily' and Il Is expected that the three
!. Which are being constructed ..
part OF this Improvement. will be completed
The ehanse. OF ansnmen, ana grade.
,',., @ NisHin!ne,As Junction ana Free