The star-independent. [volume] (Harrisburg, Pa.) 1904-1917, 1915-03-02

maining portions win be finished in the
| Spring of 1915.
| Considerable progress was made dur
ing the year in placing the telephone
and telegraph wires underground, the
section from Broad Street Station. Phil
tgRph,s to- TO bavn pa1 ana hs from Jersey city
purpose of this work is to prevent de-
| iays in train movements and in the
transaction Of the Company's business
head wires by sleet and other storms,
ana also to avoid Interference by elec-
trie transmission lines. and other wires.
automatic block signal system on your
Main Line between New York and Pitts
ourgh was completed, The installation
or this modern signal system will add
TO the safety of operations and materi-
ally aid in expediting train movements.
New freight stations Were placed un-
der construction at Harrisburg and AL
iegheny. which VIII be completed in
ties at EliSabethtown, Altoona and
| Brookville are also being enlarged to
| handle an increase traffic.
The Sugar Camp Branch, Tyrone Di-
| vision. the Shade Creek Branch. Pitts
| burgh Division. and the Homer and
Cherry Tree Branch. Conemaugh Divis-
| ION, were extended to reach new coal
openings; the Yukon Branch extension
from Bells Mills to Cowansburg, Pitts
burgh Division. was completed. and u
branch Is being constructed from Gill
berton to Mahanoy Plane, SchuyllSiIl Di-
vision to develop additional coal traf-
hc.
Work was continued on the eiimina-
tion OF grade crossings at Homewood
Avenue, Pittsburgh and in the Borough
OF Williamsburg. Pittsburgh. at which
latter point new passenger station
Is being constructed. 1t is expected that
this work will be completed in 1915.
The elimination of grade crossings,
change of grade and the erection of u
new passenger station in the City OF
bs Is PrSesedag but will not
The change of line and grade on the
Remove Division at Cameron and Horn.
and the construction of second track
completed.
Surveys and many of the plans have
been completed for the new line and the
elimination of grade crossings in South
Philadelphia; to be carried out Jointly
by your Company. the Philadelphia. Bal
timore and Washington. Railroad Com
Company and the City of Philadelphia.
Further consideration was given to
plans for the future electrlhcation OF
your main line crossing the Allegheny
Mountains. from Altoona, the foot of the
eastern slope, to Conemaugh, on the
western slope, by which 1t Is believed
large, operating economies can be ef-
fected, and the heavy passenger and
freight train movements facilitated.
The aggregate expenditure for Con-
struction and Equipment upon the own
which sS.076. .0S6.S0 was charged to Cap
ital Account and the balance to In
come. Profit, Loss and the Reserve for
Additions and Betterments.
Road and Equipment-Affiliated
Companies
The construction of the New York
Connecting Railroad was continued. The
foundations and masonry of the East
River four-track arch bridge have been
completed to the track level and the
erection of the steel arch over that
river is, proceeding Its viaducts and
approaches on Long Island and ON
Wards and Randalls Islands are also
substantially completed. and favorable
progress has been made on the remain
for these expenditures were provided
by the sale of the New York Connecting
Railroad Company's First Mortgage Az
Company and the New York, New Haven
and Hartford Railroad Company, own
ers of all the stock of that company.
steel bridge over the Delaware River
south of Trenton. is proceeding. This
bridge is part of the proposed New
York Division double-track relief line.
known as the Pennsylvania and Newark
Railroad. which will extend from the
Yard at Morrisville, Pa. to Colonia, n.
j., a distance of about 40 miles, there
connecting with the six-track system
on that division, and will also have
branches connecting with the Trenton
| and New York Divisions near Tren-
The revision of the grades and align
ment and the construction of additional
tracks and passing siding on the West
ern New York and Pennsylvania Rail-
way between Oil City and Buffalo, via
Chautauqua, was continued during the
year, and will shortly be completed.
This work in connection with the i'm
provements on the Allegheny Division.
will, when fully completed, furnish a
route on lower grades and with i'm
proved alignment between Pittsburg
/ Sol : 10, ,aln nNtn
the present route via Salamanca Branch
| and Olean.
Coal Companies Securities
The properties of the various anthra-
lines, in the securities of which your
Company and the Northern Central
Railway Company were interested. were
purchased by the Susquehanna Coal
| of the coal lands, collieries, plants and
facilities of the latter Company and
their operating results, is being made
by an experienced mining engineer and
| by certified public accountants, so that
| your Company will have the benefit of
| this independent survey and report of
the proper price that should be received
| for the securities of the Susqeuhanna
Coal Company in the event of a pur-
chaser being found therefor
| Securities Owned.
| Your Company received as it's pro rata
| share of the stock dividend of 40 per
cent. of the Northern Central Railway
! Company. s+,2S0sS0, at par, of the Capt.
| tai Stock of that Company. This stock
issue was approved by the Public Serv-
| ice Commissions of Maryland and Penn
! sylvania, and represents part of the cost
of capital expenditure made in previous
years for additions and betterments to
| its railroad and equipment.
| Cleveland and Pittsburgh Railroad
| Company Special Guaranteed Better
ment Stock amounting at par to s3.-
| 729,100, was sold and additional Nor
| folk and Western Railway Company
| Common and Preferred Stock, amount
ing at par to $500. 900 and $1.7z6,0 900 of
| Susquehanna Coal Company Bonds were
| purchased from the Northern Central
| Railway Company.
of the Board
SAMUEL REA,
President.
ES OF THE ANNUAL REPORT COM