New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-03-01

TH- Commission also issued another order reeli''
ins TIE Baltimore Chsss1>ass and Nantic Ralssj
Company % discontinue the operation ~ nesrN -.
Q, i,, STEAMERS On Chesapeake Ba'. e7eci'e Apfh
is' 1918 and N. Maryland Delssare Al Ni'ginia
Ral,vty COMPANY. a company s~iacd N iieFS'
sfh ths Rsltirio-. ChessT-sse and Atlantic KALI
rrF 20 discontinue the operation o' rs 'he>'e'
River steamers Oh On. Eastern Shore . Chssa,.sAe
Rav tn. continued operation o the steamers :"
t.e iai.r Comrany and n the Baltimore. ,h~a-
pesse al Atlantic Bailsay Company on me ives,
Shore - thar Bs' l. slhiec, 70 'Irinc' in'esu
saiou be- 80 Commission. TIE prsriicsi resuf o'
ties. order, ~, require both companies 70 dispose
% their sfesns-s vharr.s snd facilities except thoss
Necessary for Their railway 'r-ry service
VrorR,L Ts.Nsrosrsr.o> lAoUnr
IT.. p,,siden, Of the United state. hs, recon
merd-i 60. ressionsl in9ui- into IN. rsns-
portaon problem AID regulation Affecting the com
mon rafH,r, Tits Company rae clearly cntlheI IT
or.rio,, ,rn,.'. the necessity -, increasing me
strength and e-risrrr - public r'ru alton. sni y
IS piIns o. render al reasonable a's'stsn'e % .
.i-eI Do, connection Nth such a. important NalNns
inaui-- twenty eis1f ,eArs nave ps.ss! 'hor we
enactment - the original interstate 'cmnie''e ~
.l-irs which rsirsl hangs Ia" occurred W We
eo-,re-,ial AID rnsnci,l conditions ~ ne 'oHnHT
al I'm railroad management 'nd operation 40
Fel,~si and state regulation has oesn efiend'a -
n,,c,,r.l, .ve-, department - IN. railroads Inne
regulation rs ssrvcl many useful purposes 'h'Sn
Z, - d-slrsbl. - continue, but tnere mas oee'
no,ssi. lack O, dsinits business policy sli CO.
,,,.,,,ior het,.,n tho Federal AMI STATE Govern
-,sr,. - 70 railroad Legislation and f'Ciltnon :
b,,ry rnancii burdens hs's been inprei, ara we
ro,,.rs consistent With responsible rillroa1 manaBe
,rsr, lave h-.Y se-ously curaied. fnr'h'r .'
a. rssinl-r, g. -ail-osi ard eauipmen po'ide" 10Y
ulbIir service in rcccni yeaS. h-s not reen ea7"s
:, ,t-ouai, return sni consequently rnroai "a
-I.ffr ret
.t.r.,i,r ~ Necessary new line, prevented
rr,.,,,.r ,l,e tine Tor comp Amt and dcs'rrc'i"
c-i..-ism has rss,ed snf through tnis inquiry 81
opportunity Is presented FOR formulsuhs con
,fnir'irc policy AMI insirins equNaoe u'"n,,.N
,o- the railroads which Will he sustained hy punlc
oplrion realizing that the railroads are rey
ss..rt,si factor in creating and continuing Na'onA
rro.n.,,tr Then their ouners and me ih'esu"s
hubble Will hc encouraged 20 provide IN ,ne iu,.'e
n. large sun, o., private capital required ~ pa't
our transportation systems IN posiAoh I" "'''
the needs q an expanding commerce
Full Csrv Law.
TIN. .or,red Fuu crev Lsvs. Tli"h 80 ~ '-f'
.tf-, ..f.. isas Sill c-e'f'te ih N'i ''f '''
St,f-s tt-orxh shi'h iopr 'ompAn "p-rt'cs'
c.i s,i'Iis so1re m needless eA1r'..'"
s,u 10 rsresl ,ie az vss rss,si is h'h ''sncn''
- Gin. I.sI'su-s o., tho sls's of Penns;lr,n''
but va vosl by th. Governor.
ClrIr,L STOCK ISp FUNDED usel'
On December sls'. 1918. tho Company bst s'.,os
stockholders, phoss acreage holdings were i'e
shares
The Gener,l Mortgage. 70 which reference w's
made I'm tn. last annual rspor.. ~n duly Hecu'si
and recorded Under Its rrna p-orsion has be>i
md. FOR tho r.fundns o. all underlying nortsis'
debts Ct this company, including thoee on pio.-
tie, OF acquired companies tho PAYNE whereof
IA. b. agreement with m. Trustees a. the =.
h-eu med
nan, In accordance With the authority granted
by m. stockholders At tho last annual meeting
he Company issued snd sold hereunder we
g. ono 0Oo Z, -Four and on. half Per CENT. Bends
on ss2ce Interest basis. Tn, sslo OF these
an. md o, the sta Ooo 900. Of Consolids,i
Morsasa Your and one half Fer Gem. Bon'is
furnished IN. money 10 refund Tho sssss' o..
Convertible Bonds ina, maiurei October lit ftp
10 nee, other maturing obligations. and n make
additions and tetternens 20 your railroad ard
equiVmeua
ROAD AND EournENr.
The import.n, expenditure. 10, Road ard Equip
men, .nbrzc. tho following Items
Th- -iec'riicsuon ~ tbs Main 1ins subure-n
ron- from Broad stree, staion 20 Psoi vas con
plsted aud the operation OF multiple electr'.
irans VA inausuraiei September ON. 1915.
Work sas Continued OF q. imp,o7emsn,' o' ,og'
passenger and freight facilities IN Phuaielpln T.
luder the agreements with the city Of Pmladel
ccusldefable pros,s. has been mad. u ,a'
protoscI e,,n,n st g., ~ ,oy,s.,s,.rn .se,ic
u the city. 49,
Tie reconstruction Of the bridge over N. Ale
ghsly River tstgtsn kskiminets Junction Ard
frespor the brds. over go srhuylsill River Al
Phcrnirrill. AMI tuo bridges over tho Desusr,
sri RGriian Csnsi IN Trenton. vn completed an
they see plac~l IN service during The year H.
bridge, a. Msnsyunt and Prcks LOCK. schuylhi
pivslon CROYDON, New York Division. Diamond
a,rse,. PnnsdeI phls ana others c-er the Delsrar
and R,r.tsu Cinsl Feeder. IN Trenton. A.. h.ini
rebuilt, ard will b finished IN 1915