Evening star., 1932-04-05

freight schedules inaugurated between New
England and the south and west, thus widening
markets, reducing inventories and aceelerating
sales and production for both industry and agri.
culture.
NEW TRANSPORTATION METHODS
New, more economical and more convenient
transportation methods have been devised in the
Companys continuing program of co1ordinating
rail and motor services. A new form of rail>truck
operation, the ''demountabe truck BODY, was
inaugurated between New York, Philadelphia and
Baltimore and between Baltimore and Richmond,
Va, combining the advantages possessed by motor
truck operation In congested metropolitan centres
with the advantages of economy and expedition in
railroad linehaul movement. Under this plan truck
bodies are loaded by the shipper, hauled by motor
truck from his place of business to the railroad
where they are transferred from truck to railroad
car and moved in railroad freight service to desti'
nation where the reverse operation takes place.
Container car service has also been extended and
new types of equipment are being developed such
as automobile cars which permit more economical
loading by elimination Of expensive blocking. etc,
and covered hopper cars and containers for bulk
products like cement, lime and brick.
TEMPORARY RATE INCREASES
Under the Interstate Commerce Commissions
decision in the Is per cent rate case, certain ir'
creases in freight rates became effective January
4th, 1881, to continue to March ,Ist, 1893, with
the provision that the additional revenue be segre>
gated from other freight revenue and loaned to
financially weak railroads to enable them to meet
their fixed charges For the purpose of collecting,
receiving and administering the funds resulting
from the increased rates and advancing them in the
form nf loa0s m financially uue2k railroads rho
Railroad Credit Corporation was inaugWated and
is now In active operation.
RAILROAD CONSOLIDATION
Railroad consolidation in the east which has
been under active discussion for more than ten
years. moved an important step nearer to accom-,
pshment in the agreement last October between
the executives of the Pennsylvania, Baltimore q
Ohio, Chesapeake q Ohio and New York Central
Railroads to submit four,pa consolidation plan
to the Interstate Commerce Commission. Hearings
on the railroads application for the substitution of
their plan for the hve>party plan previously made
public by the Commission, begun on January 9th.
1851 have now been concluded, and if the four
party plan is approved, the gradual grouping of
the railroads concerned will be effected. 1t is be-
leved that each of the systems resulting fror the
suggested grouping will be able to operate more
efficiently and serve the public better than the
number of miles operated in less corordinated
manner and will result in improved service, intro
duction OF many economies in operation and .
saving in capital expenditures.
STOCKHOLDERS
The capital stock Of the company has reached q
new high record for widespread distribution being
owned by ASSOC holders as of December il. 1891.
an increase of I7,ooy compared with December II,
A. 1%ml1 :xS L.
investment represented by the stock and other out.
duty and responsibility of the management to pro,
tect and promote this interest well that Of the
public and employees.
conditions prevailing during the year 1891,
MIA Railroad, while not satisfactory, were
ally and reflect credit upon the loyalty and
and employees is again solicited
traffic for the Pennsylvania Railroad.
WV. ATTERBURY,
:. President
mia RAILROAD
iehf Thas Any Other Railroad in Amsrica
ia PENNSYLVANIA
Wilcox. Secretary. Broad Street Station Building. Phil