The Washington times., 1917-03-06


crease Of their debt and mort1sse s oonsa,,
tons, rather than by the sale Of Csp'tsi ;.Es q
stock, so that y Is evident their credit =
not yet securely founded. Tnereiors, .sLr
oos responsibility rests upoe 10 n.s,,-,r.
sion<l comgpittee to make thoEousn, pso.aps
aSa m ,g9S E,s6 n-at,s sns recommend fssids
ten that win insure % sound snS e5sdh .sscus;s 5
serVss ssd % vsntsf sss SIop re.uiasoS ES unik
responsible, regulationr by the Feoerat .sos-
eminent. under Ehfch tia railroads VII ne
tai already Invested IN the public uans-
portatfon Bervice, and sufncfent 70 attraet
the additional eapfta1 requisits 70 re1uAriy7
eqniDmsnt aud other facilities. IN advance
OF ae'uAi .e1l3e eossls.Ss 80 49,. sS -. -
pn-peeembiSe esIst;; 1sls, tine compenS had
% IS stockholdsrs. whose Average holdings,
= efs n. HU Tptsd stsses except &c III less tsaa per
cent - -s,s----.o--z -. -.
The Capital stock outstardng NA1 IN
sTeess y Sy ,,1sS ssTSe .sd sa5'Sn Is tss oompsy
The funded. debt, equipmept tEllst- ophgnz
tiops. mortEngess and greora rents Pay1Sis y1.SSiss
Is due 'chieny' to 1redenipeons % eondso
Through the. yrrious s,rkiPg Funas: 20 tns'
ling Bonds into Dollar Bohds: and to the
maturity and payment OF over H.esooo of
eqntpr6ent trust oblEeations.= The tncrease IN
.
the Companys asse,sl, Is due ehieny to
the issue Of 80 90, 90 OF short term notes,
which mature IN Aprn. 1s17.
ready siven. win. be asked to apDrogs Of
an increase In the autnortzed indentsdnsss
e ne Company 20 the sasst ds q Si
thereafter be enabled thrpuEh ths. Issue OF
bonds SECURED. BY the General Nortsage, Or.
s such ptner q oc. ssr% e s q cone me
pany. S or or through the issue ana sale Of previ-
ously authorized Capital Stock TO. procure
the funds necessary y 70, meet msturtns oot-
Nine Month Notes issued fSr ssISsp eaRIlsI p1s-,
N Anil 1911 and 10 provide the necessary
capital eIpandfturss on your constantly eI-
pandinE property. - =
r. bss bxSS 6sru,Sd hdyfsa6fe 10 a65ufre
the pcoperty and franchises OF the ,HaTTlasr
burg Portsm6Gfh. Nj JOY & Lancaster Ran
road, o0mpsHy the rHnrosa o. Taien Com
and forms an inteeraf part Oh the main line
- ,,f,,r Camrany : T,f,fs s5re- Ga orersfea ViS-
der niue hS6a5sd gs Z; and do3 nias.yaiss y':s =
NJ cent OF the cspitaf Stock. md al the
necessity f6f maintaining Il "a a-sscarate
nrnyidInT for its acouIsit.on VIM IN seeor.,-
ance WIN notice given. 20, ne, stockhoIdsrs.,
meedhT. s<S,;-- =;
~ t sns ~ - 49,, =. 1,a,s
VIZ lne uew OF oo.ainlns sne snaIs Nncn
= .s9 ~ nIs n1w nm. 1,,,t - y 70
Per Cent pebenture'. Bonds OF thsp Lnns.
Island Rafroed CompapY. Ehtcn.sSH ths-
plan be cohsummated. your Company Ii to
recefHe IN parr paymeut for advances 20 that
Company. II satisfactory number OF the
minority, shayeS .of that tCompalx-;win CO.
operate to make Etch plan enectiye. your
Company r. also Wiling 70 accetX add
tonai comupn Stock Of sthss Long leland
HanrOaa Cpmpsry y ssttlspsnk 4sf the ball
ahce Of Its ndebtedneSs-rso that the fxed
charges Of the Long Island Haflroad Com
psny Euaay he materially ,rednced nd 5ts
credit HEenEthened to nnanesits tutuescapi-
tai llreQuiremepfs-ss,s-y- - - - -
ROAD AND EOIuPMENT =
- -. 49,. a.. ~, 80 -
az ~ ~. Iss sA-L S'e - has
@ eonttlueu - " brOs.aIh oL e1penol.nres
its sI,5oad - a. ,,,.,.f..a "
Ss,,,.,,a,s si,,S, 49, ~ ,sIS 1ssIaooluonaI
eS.e ss-,s - ,sS = ks.ossz -
ti "a sncS snSt y 49, z - rs Son. ~.
Vas sInended Tor FSaS a,,d Eo,y,,,,, -,
a. pa1psSi,se,is psSIrS ~, rIiIIulpIient on
charxed aSSipst the surnII,s. Incnr,. 1c- ~
wear Several pages OF the report A.. A.
voted to a description of The irnproSenn.nts