Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1916-03-01

pS07,ofVtOoo'So
! est with the Baltimore, Chesapeake and
Atlantic Railway, to discontinue the
operation of it's Chester River Steam
gts on Ihe Eastern Shore of Chesapeake
BAY The continued operation of the
steamers of the latter Company, and
OF the Baltimore. Chesapeake and At
dsttiG ai.,, ls, hallway Company on the West
~ tLH Silore OF that Bay, is subject to fur
1her investigation by the Commission.
me practical result OF these orders may
tbbdHire tbdi, both companies to dispose Of
except those necessary for their rail
way FERRY service.
Federal transportation Tnouirx
The President of the limited States
mas recommended a Conversational in
qulTV INTO the transportation problem
earr,argg enI reguiation alton affecting the common
ontIieesG =, rms Company has clearly
sity, for increasing the strength and
es,iitiTGiiiency OF public regulation and il is
snaa Sntir5 70 render all reasonable assist
on aitSG usslred IN connection with such
a.. an Important National inquiry. Twen-
oE-eisnt years have passed since the
Son,5lnentt SSnaG5Inent of the original Interstate
| Sioa,IiIerce Law, during which radical
oi.ahs es nave occurred in the CONNER
cal and financial conditions Of the
5 ooI5ipahF, ana in railroad management
IIesI,atlon has been extended to prac-
ucaily every department of the rail
rSa,l roaus' FuDic regulation has served
sifable to continue, but there has been
potable lack OF definite business
poIcy and cooperation between the
ttu'rdi ana state Governments as to
railroad legislation and regulation:
heavy financial burdens have been i'm
posed, and the powers consistent with
responsible railroad management have
been seriously curtaiied. Further. fbe
investment in railroad and equipment.
to pnonIueI Tor public service in recent
Gva+s' Gvats' ,ats mas not been earning an ade
ROAD expansion has been materially
retarded, and the cons nstruction of nee
essary new lines prevented.
However, the time for complaint and
destructive criticism has passed. and
umIouSn thls INJURY an opportunity is
presented for formulating a construc-
tive policy and insuring equitable treat
ment Tor the railroads. which will be
sustained by public opinion, realizing
tnat the railroads are a very essential
tional prosperity. Then their owners
and the investing public will be en-
couraged to provide in the future the
large sums of private capital required
to place our transportation systems i'm
| a position to meet the needs of an eX-
panding commerce.
Full Crew Laws
The so-called Full Crew Laws. which
are in effect extra-crew laws, are still
eIectlYe in the various States through
sttute a source of needless eNpendi-
ture. Bill TO repeal the law was
passed BY both branches of the Legis-
but was vetoed by the Governor.
! Capital Stock and Funded Debt
On December 31st, 1915. the Com
I pany had 93,76S stockholders, whose
average holdings were 1O6 shares.
The General Mortgage, to which ref
erence was made in the last annual
report was duly executed and record
. Ell hos t.1y
made Tor the refunding of all under
lying mortgage debts of this Company,
including those on. properties of ac-
quired companies, the payment where
of has, by agreement with the Trustees
! of the respective mortgages, been as
sumed by your Company. In accordance
stockholders at the last annual meet
| ing, the Company issued and sold
thereunder the s65,000.000 of -Four and
One-half Per Cent. Bonds on a 4.72 per
cent. interest basis. The sale of these
bonds and of the $40, 900. 600 Of Con-
solidated Mortgage Four and One-half
| to refund the SS6,S27,000 Convertible
Bonds that matured October 1st, 1916, to
meet other maturing obligations, and
| to make additions and betterments to
your railroad and equipment.
Road aud Equipment
The important expenditures for Road
and Equipment embrace the following
! items:-
! Inc eleCtrlHCatibn or the Main Line
suburban zone from Broad Street Sta
tion to Paoii was completed and the
operation of multiple unit electric
trains was inaugurated September 9TH,
1915.
Work was continued on the improve
ment of your passenger and freight
agreements with the City of Philadel-
phia, considerable progress has been
made in the proposed elimination. of
a a n 90
the city.
The reconstruction OF the bridge over
the Allegheny River between Kislli-
minetas Junction and Freeport, the
bridge over the SchuyllSill River at
lPhoeniXville. and two bridges over the
Delaware and Raritan Canal in Tren-
ton, was completed and they were plac-
ed in service during the year. The
bridges at Manayunk and Trick's Lock.
Schuylkill Division, Croydon. New York
and others over the Delaware and
| Raritan Canal Feeder, in Trenton, are
being rebuilt and VIII be finished in
1916.
The track elevation through the City
of Johnstown will be completed during
1916. All of the bridges necessary for
the elimination, of grade crossings have
been completed and placed in service,
and the work of rebuilding the pas
senger station is proceeding satisfac-
torily.
The elimination of grade crossings
and the construction OF a new pas
senger station in the Borough of Will
kinsburs was continued and will short
Ily be completed.
The Turtle Creek Branch. Pittsburgh
! Division, and the Yellow Creek
Branch, Conemaugh Division were ex-
tended during the year to reach new
coal openings, and the branch from
IGilberton to Mahanoy Plane. Sunbury
Division. was completed and placed in
The change of line and grade between
Freeport and Butler Junction was be-
gun; this includes the elimination of
grade crossings and new passenger and
freight stations in the Borough of
The shortening and double tracking
Of a portion of the route between
Pittsburgh and Buffalo via the Allie
gheny Division and the Western New
York and Pennsylvania Railway is
nearing completion. The tunnels at
Wood Till and Kennerdell have been
completed and placed in service and the
East Brady tunnel will be finished in
the early part of 1915.
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