Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-03-02
ther shippers ar. sure 10 be dssad,sn .seou.,y

otner shippers are sure 30 be dtssdvsn. aceousl,
anected thereby. The services Of the Commission
should be made available to remedy the conceded
inadequate revenues Of the railroads for tn,
franspoFtat ion Of mails and Parcel Post, and tn.
power OF Commissions State and Federal to sus
pend increase in rates should be limited so as T.
prevent loss Of revenue to the railroads during the
suspension OF rates subsequently determined to b<
reasonable. Increases in wages and other burden.
which seriously enlarge railroad expenses should
not be imposed by legislation, or through award,
OF Governmental bodies. uple.s the ability OF tht
raiirnads to pay the same under the rate SCI ed
the Interstate Commerce Commission is prepare
10 approve OF Increases in the rate schedules tha
VIII enable the railroads to meet the sa me with
ous Impairment Of their credit or efficiency
weak railroads are amorg the greatest obstacle.
eo,n business enterprise and commerce. and tbs
couhlf! VIII nave too many weak railroads uules.
constructive and equitable policy Of public regu
l ,a.,ons Is praeticed. not as pail alive but
PeIniahent public and business necessity.
me railroads are still burdened with the need
less expenditure required to comply with the ~
rev, rev, Laws The principal requirements OF these
laws. which vary somewhat In the different
states. are In substance that every freight trair
OF more than thirty cars must have a second
brakeman, In addition to the regular crew of en-
sintman; fireman. conductor. one regular brake
four or more coaches-ths term covering Pullman
and dining cars as well-and baggage car
must have an extra brakeman in addition Il
.he regular full crew consisting of engineman
brennan. conductor. bagcageman and bra eman
this not to include train porters and Pullman en-
pioses: every train composed of foar more
PASSENGER. mail. or express cars. empty loaded
must have crew OF eng!neman. fireman. coz
gers are carried.
II is estimated that this law has added owe,
st'W w. per annum TO the Operating Expenses
OF the PENNSYLVANIA system East and Vest OF
Pittsburgh. and this enforced expenditure 's pure
economic waste because II does not increase the
safety or efficiency of operations. This amo Mt
in the improvement of roadway aud equipment.
and in giving increased employment from which
the public and employe, world have received real
benefits. Arbitrary laws requiring additional men
on trains without regard to the necessity for their
services. imposes direct and unnecessary burden
on the public and the Company. Such laws tend
t" weaken the working discipline. and from the
ability of the Company 10 continue to Iar the
present rate OF wages to that great body of en-
ployes whose activities are needed, but also &c
delay promotion.
Your Company has. therefore. Joined with other
air"ads in appealing to the public for their 90
operation III securing the repeal of this unwi q
and wasteful legislation. The Mana ~emert re-
quest the stock and hondholderS and the employees
in their own interests. 10 support this movement.
TRAFFIC.
The tonnage decreased 12s ner cent and the
tonnage mileage decreased II 81 per cent, due &c
tn" general restriction Of business but frei nj
train mileage was also reduced 1887 per cent
The reduction in passenger business is reert" n
the decrease of 80 per cent in the number OF
passengers. All per cent. in passen"er mileage,
hut passenger train mileage a'.o re 'uc 4 ia
pr cent. The net revenu" per ton mile shows a
slight increase. hut the net revenue per passenger
mile shows a large decrease.
CAPITAL STOCK AND FUNDED DEBT.
The capital stock was increiS.d s91 SO through
the conversion of tina; alnatnt of receipts issued
under the stock allotment Of 1913.
Inc FUNDED neht and Elrinni"nt Tr',st ohiisa-
tons show L net decrease Of 81. nSl So 81.
II will he recalled that Al the last ANNA; meet
ing t." >t"ckh"ld"rs approved Of the creation br
that til" t"mnany might have broad bass for
future financing This mortgage has yet been
recorded ard 10 h,,ndS h, issii"l for any pIr-
pos" Hereunder without the prior consent of the
stockholders. which mas Tot FAR te req 'ested.
The I"nlnany vii! refund Ssf. 30. of Convert
he Bonds naturin. October list. 1913. and OF er
maturing obligations and il must also provide for
other necessary corporate purposes such add
ti"ns and betternenrs 10 its railroads and eIu D.
ment. Since the close of the year il therefor
sold S49.00."Gh. Consolidated Mortgage 4 90
I:"ndS h"arinc date February Is. 1915 realizing
II price Slightly in excess az rar a sal iSfactary
result under existing conditions Irci' ding the
>si'' recently made: tn. teal amount Of bonds
outstanding rnis- the Consolidated Mo age is
a im"si SIno.Ont.t.n.. whi"ii is the marimum
an,,nnt thar at anr one time he isS 81 AMI
General Mortgage. il is deemed advisable & at
hereafter III. Consolidated Mortgage should he
closed and further issues Of bonds made
tt"reIudcr.
This issue of Consolidated Mortgage bonds was
made u'der tn. authority conferred by the stock
holders in March. 1899. when an increase of the
'ondrd Indebtedness was a"th"rized 10 the
.rcsate amount Of Sed.GoH.oon for the pnrs-Se %
M ''iS he ui'as r ~ 80 $500, .a
a,''u: As ;,.i l,t,, nj 20 nan ,.,o ~ *. ~
an ISL .i 'iii'.i o.a go 81 'iie
.ih, , f.'n ' mar .",, -, ~ . -.
la, ,," ', , .,,as " ,bs ,,nr, ~ sei
..on zoo nv, ,attar ,,,,,,t WI NJ, ha s,,fti ;en+
IN - -, ~ ~, rai: Nv u -. :. =.
!" NE "a. I,r ,n,a s,to, , and =.
-, ~, -, 80 ., 80 III. 80 iii
t"h "ii'l. W! ai", ,., n.ot;,, ~ -, -
d. wy t'i ! 'i,,i'i -; an. =. ~ u" i,..,, 80
'" '",l.n 20 20 "a 600 ,oo -, 49, ;.t M 20
.l. ~. N" ~ ~ - i,,,,"r 10. ~ -
a :'n' -" ~ ;rnn ~. I,,,ar.s
10 the extern, "i >, Wn'''- am we ' 49,. ~
form. al such 'ip"s i'il suci teams and CON