The Washington times., 1915-03-02

It belongs in your home-Advt.
Your pier properties on the Delawa,. p,,..
South OF Washington Avenue and at Wsirvt
street, ,s Philadelphia, were improved durins
the snIsrrsyent me 81 erection 1 OF new sheds and
me reconstruction Of the bridges at Earn
est trenton Branch; over North Broad Street
phia % pvsion: a'eipSia; Pnhr, H'snspire philadel
Si,, Senuyiklli Division. and a. Dornock poin,
rhtt.oursh ,h Division. was completed during
The rn.snn.,, aro 'ne % bridges placed In service
steel bridge over the Allegheny River be-.
,ween hiskiminetas junction and Ffesport
Is being erected: tine bridge at Phoenixviii.
schuylkiil Division. is being rebuilt. ana viii
| be completed in 1916. -N VIII
On the now six-track sec,io, -, a.. ,,
York Division, between Coonia and R.v
way Just west of Elizabeth, N. J., work
wss continued during the year. Consisting
nal running tracks. The greater part Of this
work has been completed. and placed in
operation' ' and It is expected that the re-.
snr.na Porions ,o,s Will be finished in the
| Considerable progress was made during IN.
year year, In placing the telephone and telesrs
street Station. Philadelphia, to Paolt and
from jersey City to Railway. having been
completed. compile. The purpose of this work Is 10
prevent delays In train movements and in the
transaction Of the Company's business nv
reason Of the destruction Of overhead wire.
by sleet and other storms. and also 10 avoid
and other wires '~S'
During the year the final link in the auto
matte block signal system your Main Line
| between New York and Pittsburgh was com
plcted. The installation of this modern zig
nal system will add to the safety Of opera
lions and materially aid in expeditipg train
| New freight stations were placed nnder
coh4struct0n at Harrisburg and Allegheny.
senger and freight facilitie. at Elizabeth.
| town. Altoona and Brookvile are also teins
enlarged to handle an increased traffic.
| The Sugar Camp Branch. Tyrone Division
the Shade Creek Branch, Pittsburgh Division
and tho Homer & Cherry Tree Branch. Con
emausa nsm Division. were extended to reach
tension from Bells Mills to Cowansburs.
Pittsburgh Division. was completed and a
branch Is being constructed from Gilberton
TO Mahanoy Plane, Schuylkill Division TO
develop additional coal traffic.
| Work was continued on the elimination Of
grade crossings at Homewood Avenue. Pitts
Pittsburgh. at which latter point a new pas
senger station 1s being constructed. II 1.
expected that this work will be completet
in 1915.
The elimination Of grade crossings, change
OF grade and the erection Of a new passen-
ger station in the City OF Jchnstown is pro
ceedng but Will not be completed before 1915
| The change Of line and grade on the Reno
Ivo Division at Cameron and Horn and tho
l second between Corr
and Lowell. have been completed
I Surveys and many Of the plans have beer
completed for the new line and the elmna
tion Of grade crossings in South Philadelphia
to be carried out Jointly by your Compan,
the Philadelphia. Baltimore Washington
Railroad Company, the Baltimore Ohio
Railroad Company. and the City Of Fhia
Further consideration was given to plan.
for the future electrihcation OF your main
line crossing the Allesheny Mountains, FROM
! ~ tha OF IA
Conemaugh. on the western slope. by wh'cN
1t is believed large operating economies
freight train movements facilitated.
Tho aggregate expenditure for Constru'
tion and Equipment upon IN. owned ana
va, "es es.rsea 10 cspa
and the balance to Income Froht and Lose
and the Reserve for Additions and Better
ments.
ROAD AND 6STFpNENT-AFF111ATfD dSMPtSfnst
The construction Of the New York Connec'-
ing Railroad was continued: The founda
sna si sss
track level. and the erection Of the steel arc
tns rss is island s snS
Wards and Randalrs Islands are also sui
stantially completed; and favorable progress
the line. The funds for these expenditures
were provided by tho sale Of the ,,; New York York
GGmpany fna 1.-THE, the New on1sm YORK New Haven
The erection Of the double track steel b,ids.
This s Ssdss se0 !. part oi
proposed New York Division double track re
Sth the from
Yard at Morrisville. Pa. TO Colonia. N. j.
distance of about 40 miles. there connecting
and will also have branches connecting with
the Trenton and New York Divisions near
The revision Of the grades and alignment
ami the construction of additional tracks and
Pennsylvania Railway between Oil City and
Buffalo. via Chautauqua, was continued dur
n the %oi IN w @ ef the
ments on the Allegheny Division, will, when
wth on
Pittsburgh and Buffalo, over IS miles shorter
than the present route via Salamanca Branch
and Olean.
COAL COMPANIES SECURITIES
The properties Of the various anthracite
Coal Companies served by your lines in thi
securities OF which your Company and III
terested. were purchased by the susq uehsnn,
| Coal Company. and a compete examination
Of ,ii the CO coal lands. collieries plants and IA
iating results. is being made by an exper.-
enced mining engineer and by certified public
accountants, so that your Company win have
! the benefit of this independent survey and
! report Of the properties to assist in deter
! Ceived for the securities of the Susquehanns
Coal Company in the event of a purchaser
| being found therefor.
| SECURITIES OWNED.
; Your Company received as its pro rata
| share of the stock dividend o. 40 per cent OF
| the Northern Central Hallway Company.
S. go. $50, al par. of the Capital Stock Of tina /
Company This stock issue approved by
the Public Service Commissions OF Maryland
sd par, Of
Years for additions and betterments to its
| railroad and equipment.
Cleveland Pittsburgh Railroad Compa nv
| Special Guaranteed Betterment Stock amount .
| ing at par to 81, 729. 100 sold and adii-
| tional Norfolk g. Western Railway Compan
! Common and Preferred Stock. amounting a.
paNto 81, 500 0o0. and 81, I26 6fo. of Susouehanna
| Coal Company Bonds Werc purchased from
the Northern Central Railway Company.
Of the Board
= |