Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1918-06-03
S5.00S.725 FROM
P..B { v. LAST YEAR
Income and Expenses Great
est on Record Because
of War Traffic

Extreme concentration OF war traffic,
both passenger and freight, upon a COM
paratively limited portion OF railroad
| line constituted the most notable feat
ure Of the operation Of the philadel-
phia, Baltimore and Washington Rail-
road for the year ended December 81,
1911, according to the company's an
nual report, made public on Saturday.
Both the earnings and expenses in
1917 were the greatest on record. The
total railway operating revenues were
I $50. 2i2. 403 and tho total operating ex-
penses. s2i.5SS,2A6 Taxes amounted to
| 81 ,2li.O53, an increase, as compared
with the previous year. Of S5oo'8bi, or
60 per cent. due chiefly TO increased as
sessments under the Federal tax laws
FAfter accounting for ali other sources
Of income and for all other payments
required during the year, including in
terest on the funded and non-funded
debt. there remained a net income OF
80, COS, 100 for the year. Out OF This sum
dividends OF per cent were paid on
the s26,4370QO Of capital stock S2l2'2So
appropriated for construction work on
leased and branch roads, and siiUsf Of
miscellaneous appropriations were
made The remaining balance OF 90.
1882 was transferred to proht ana
loss.
As the entire property, equipment
and franchises Of the philadelphia
Baltimore & Washington Railroad Com
pany have been leased by the Pennsyl-
vania Railroad Company for period OF
800 years from Jan. I, 1918, TO be oper-
ated thereafter as the Southern Diyi-
sion Of the line, the 1917 report is the
last To be issued by the p, B. q W.
as an operating company, and It's an
nual reports hereafter VIII deal Only
with the receipts and disbursements
OF the rental and other purely corporate
affairs
President Samuel Pea. in his remarks,
says:
'The concentration Of war industries
and war traffic. including Camp Meade
near Odenton, the government proving
grounds near Aberdeen. the construction
OF new shipyards, munltion plants. and
many other industries along the Della !
ware River. including Hog Island ship /
yard. about one mile below the mouth |
of the Schuylkill river, near Phila- |
delphia. and in the nearby towns and l
cities. and the greatly increased pas
senger and freight service resulting F.
therefrom, necesstated large cxpendl- /
lures for road and equipment.
1T became evident IN the early part
Of 1916 that unless the four tracked
main line between Philadelphia and
Chester was relieved by supplementary ]
lines great congestion and delay would =,
result. The declaration OF war with
Germany on April 6. 1871, and the con-
struclion Of the various shipbuilding
and other plants referred to caused this
COMPANY, With a view to assist in win
ming the war, TO authorize the con
struction oC a new double tracked rail-
road from Sixtieth Street, in the City
OF Philadelphia, to the Delaware and
Rivers; thence to Hog Is
land Shipyard Esslngton, and thence
10 Eddystone: thence continuing as
single track road into Chester. and
south to a point north Of Claymont'
Del.. with suitable connections with
your four tracked main line and the
South Chester branch.
al Odenton, Md, additional facilities
and a branch to the military camp
we're constructed. and overhead bridges
we're constructed at Bacon Hill and
Additional tracks were
also added at Wilmington. Del, in
connection with extension OF the four
track system