Evening star., 1934-04-04
OPERATING RESULTS

NANCE most effectively met by still further re.
maturing oga, don operating The ratio OF
During the year an 5-the lowest year
of bor 1906 Total operating in
Reconstruction Finance decreased 537 compared with
ud and this Operating expenses were reduced 57o
y 10000 borrowed dur as eomPareo Wild 1919
Company to complete its NE" EoorME"
gam financial arrange During the year, electric passenger
with the United States locomotives and electric freight loco
ough the Public Works motive were placed in service Al steam
loan OF oooooo passenger converted for electric
ton work. sIoooooo freight and units
oeVe slHooooo TOT OF work equipment were purchased Ias
astee box aee box and locomotive tenders
fat cars and we're built at the Compaoys shops and
oooo tons OF Nee eaus. placed IN service
:aton work company
Secured 10 Serial Bonds sETTER PASSENGER TRAIN SERVICE
ais 10 ie oeGuleo 20 The Companys hghpeed passenger
~ Th.s. s,r,., ar service continues to improve Schedules
~ ln.s eu. wiz between New York and Philadelphia
ieii' nI aup quickened hour and htty minutes
uIougo III. ISSUE The Broadway Lmlteds between
I!G Celan ] I New York and Chicago quckened to
o,1 - ,hs. ..e,r I74 hours through service to New
80 sr H. % , England also improved. and two ad'
-eo oNI, e dtiona fast service be-
Gov VIII l" |ai so 'o' New York and Washington.
Aneordtioned coaches. dining cars and
. y a. ~ 'e I S paror put service during last
~ 0 ~ ~ 0' summer on all hourly trains between New
York and Phladep phia and through
TENT PROGRAM trains between New York. Philadelphia
having completed and Washington Their will be e1.
rk and Wilmington and tended to include all through trains
lesd complete the between principal cities Of the East and
ghy line the West The Pennsylvania Railroad will
lew York and Washing the and the largest feet Of
necessary eectry sleondioned of any railroad
Wilmington and Potomac .. .- --
ashington. complete SI~ioN AM DII''IN' SIA'es
'ake further progress on On December 1881, the Company
pn sta proper SUD inaugaed aeoecton and delivery
eete equipment for less than carload freight Freight
freight business ao 70 picked warehouse de-
locomotives vered direct to the
mum Dement'S from the the system lines This shove
already mace tot these marked and the Company so
realized his the the help Of stockholders further extend
ID. stated above. ,ns II to the shpp1ng public
Mt gratIhed to be able
ice Of its support Of the STOCKHOLDERS
h neeoey program The capital stock Of the Conpanv 1t
iousn ooNs.e" the close Ct the By 1886
ouen holders, slight decrease compared with
I . ,. VIZ December 81. 1881. and the average num.
1no ePoyu Der Of shares held By each stockhold was
- 5s.I. The large investment represented BY
p'os H' " the stock and other outstanding secuties
more. ,,,,.d l., .h. .,;,.,. .,d -. ;......
c G tions all the country constitutes the
- best kind Of public ownership and that
sogn INC" '0A no fact well the necessity foe the econo
ical and efficient operation Of the rairoad
TING RATIO which the investment representa- continues
decline to be constant reminder OF the duty and
Net Income reponbiyrestngup
the results recorded above notwithstanding the contnu
business conditions reflects outstanding credit upon the
nplyes The stockholders and bondholders AGAIN
" continuing then cooperation Of the past they will be Of
in promoting return Of prosperity which will be of
,eht to themselves the Company and the Nation
Wv ArTEkBJRY
d.. April 3rd. 1873. Prss'den.
PENNSYLVANIA RAILROAD
p AND TRAVEL VIA Pennsylvania
lhoders may obtain eop,es Of the Annual Report from
WILCOX Se,a'y Broad Street Station Buans Phaadelpha Ps