New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-02-28

Ing az at the time your Board Of directors
shall deem most adj analogous 10 the Con-
psny IN view OF the monetary con1tlohs l''"
prevailing. 49,.
The work is satisfactorily progressing on me
eastern section Of the six-track system lot ','7
New York Division between Coloni9, =. D..
and Wayerly. y. J.. including the elimination
OF fifteen grade crossings by the elevation -
the four existing main tracks ana th' tp.
siruction OF two elevated tracks. NO cas-,
hound tracks are now in operation. ana graz.
ing and masonry FOR two more TRACKS VIZ
shortly be completed and the addltional tla,N9
placed In service The Two rr"aln,ns oad ~
1910 thus completing the work between 'oo''a
and Elizabeth. , uhu,
The passenger facilities 10 and around Fnlle-
ciphia have been improved duTlnk tn" 80.
"a follows. The concourse IN Broad street ott-
tiou was enlarged. on the Connecting la"
two tracks Of the new bridge over uf $3.50
Kill River ana approaches u'i,tp, - nr.r
Avenue Paramount Park. were placed IN op,
a lion during the year. The old bridge rs oeIus
removed and masonry FOR three s9.'' ,''s
tracks will be completed during i,Lf. -
making a Ave track reinforced concrete 60
s,ons arch bridge at this point. The ehiaIK7
ment OF tho North Philadelphia P~1sehe, -.
lion Is progressing. the platforms anu 49,, -,
on the part Of the station used TOT NV -, M
ttu Rrauch and tho inbound New forh =
Vision high level island platforms, WIN t-or
adjoining tracks now being IN opeIa',.ggm' CON
the expenditures made as lessee, on W ,our
Meeting Pailsay for this and other "oiN' -
Cornnany has been repaid by the issue ~ 4,
stocks and bonds OF the CONNECTING
Companv guaranteed by your toinpaHS ,ard
no reSeve congestion by Increasing VIZ -
a,f ira 4 cspa,.it, IT Broad street Sla.,"ii.,
philadelphia the electrih-ation OF me -
Line 10 Paou for suburban passengcr 49,
IS under way and WI ne vorr pivlelon 20
Sorth Philadelphia and thence 10 tuss s.,c
nm hnout one mile Of overhead con- con- -
tlon on the Main Line has been conpii,, anshi.
con Eadnor and -. Davids. wnlch VI, s'"D
The COMPANY TO decide BY actual tests me - "
Of overhead construction best adapted 70 "S
train service. atfr,
mont and coUbl- tracking between tlsesoN' : =
and buffalo. via the Allegheny Division ana
the Western New York and PennsylNanla I'a.I
vav Is proceeding satisfactorily, ana IL - ~
nected that the three tunnels az East BRADY
Wood Hill and Kennerdell. when are peii -
constructed part Of this improvement VIII
be completed in 1914 s.. =,
tween Kiskimlnetas Junction and Freeport on
the Conemaugh Division. including n doume
track bridge over the Allegheny River are uh
dor way . ..
The changes Of grades and elimination OF
grade crossings A. Homewood Avenue, fltts
burgh. and in Borough OF WILLIAMSBURG, are
IN progress and the grade crossing elimination
work in the Borough OF Braddock was com
plAtob during the year.
The aggregate expenditures for construction
and leased lines OF this Company vas WI ~
rJ 06. for which the Company has been rem
bursed bv leased lines ~ the extent or N'b1l.
O5t0s The sum OF 81. SIS. 62t. 81 was expended
on the Western New York and PENNSYLVANIA
Railway and other branch roads and charged
against Income. The expenditures on the lines
owned including 3 3f9. So % on the leased lines
VIZ. Harrisburg. Portsmouth. NJ. JOY and
Lancaster Railroad and the lines OF the United
New Jersey Railroad and Canal company
comprising tho main line system between New
- 4 r,ff Oh n
which has oecn disposed OF as follows
Charged 70 Income .................. s5,3SI 325. j
Charged 20 Reserve for Additions
and RetteTmentS. ...................- b531, f5Z >
Charged to Capital Account. 25. 222 rs. s.
In keeping with the policy Of your Company
to promote efficiency and economy IN opera
tons the Management has been considering th'
adyisablity OF electrifying that portion of the
Main Line between Altoona al the foot OF th'
eastern slope. and Conemaugh on the western
slope Of the Allegheny Mountains, distance
o. about thrty-five miles, where there is a FIRE
quent and heavy train movement over heav,
grades. From preliminary estimates n voul,
appear that saving could he effected which
would compensate the Company for making th'
expenditure. but the subject must still receive
much further examination. and is also largely
dependent upon an improvement in the reve
nues of the Company TO warrant raising III,
new capital required for this project
In the City of Philadelphia the greater por
ton of your Ines are constructed above Of
below the streets. except IN the southern sec
ton OF the City. between the Delaware anS
SchUylkill Rivers. The necessity for the de
velopment OF several squsr re miles in this sec
ton Of the City. including the improvement q
conditions along the river front, caused tn
municipal authorities 10 decide upon the elm
nation OF nearly all existing grade crossing
OF your railroad and Of the lines of the Phila
delphia. Baltimore and Washington Railroad
and OF the Baltimore and Ohio Railroad Com
panies. and in asking the railroads 10 co
operate. the City has agreed 10 bear an equta
bic share Of the large expenditures. Under thi
arrangement this Company Will he required q
elevate and relocate the present running tracks
| yards and facilities on the portion Of the Della
ware Extension. with its Girard Point am
Schuylkill River Branches. from the Arsena
Bridge over the Schuylkill River TO Delawar
| Avenue and Queen Street. ard Use in le'
thereof the new tracks Of the Delaware Ex
tension when elevated between the Arsena
Bridge over the Schuykll River and Twenty
fifth and Mexican Streets and new two
track elevated line extending generally aoni
Point Breeze Avenue. Twenty Street. an'
the Back Channel north OF tho League Islam
Navy Yard to terminal yard 10 be locatc'
between Broad Street and the Delaware River
| from which point the line will remain a
grade along the north side OF said yard AM
on Delaware Avenue to Bgier Street and tn
present tracks and facilities on that Avenu
will be relocated far north Queen Street
! The Baltimore G. Ohio Railroad Company
which will likewise relocate and elevate II
present tracks in that section of the CITY. vii
| occupy new location adjoining tho relocate