Evening star., 1935-03-26

FINANCE electric swift
Provision was made for maturtes ordered for d.
during 1913, and the greater part of those 81 are OF
occurring in 1896 through the sale of passenger ser
s,ooooooo Fifty.ycar 4h9o General their kind ev
Mortgage Bonds due July l. 1884. Thus talning regu
lko securities will largely replace the miles per hou
$40 securities coming due. size ana "eis
In accordance with financial arrange, 1000 new ire
ments made with the Public Works and purchasee
Administration enable the Company 4' cars TOR P
to complete its electrihcation program veted for ee
and purchase freight cars, electric unit electric
locomotives and steel rails the Company An conotior
sold to the Government Sa,.4ooooo adoitonal din
Thrty,year Secured 40 Serial Bonds. eoaene'
$15,,1,ooo Fifteen.year and $6,o68ooo RE
1"enty'yeH 20 Lqo'pm'". .s High speed
Secured 20 Serial Notes. The Company .h.J.. ~
expects pay off the latter in 1873, out runn;n1 tms
of its own funds. tr,;n, brtw.
The net increase in the investment in ns,rs;. C..
Ioao ano .qu'Pm'ns 'o' '"' '"'A additional IA,
oyste" WAS S37'"i1o3'' born,
IMPROVEMENT PROGRAM Chicago, Phil
Eectri6caton for passenger service more Iomfoi
between New York and Washington Iens DerWe' NV
was completed early in 1888. 1t iser Ias. ano "es g
pected that the entire project will be com, u W ~
pleted and in full operation during 1875. ing .H' tnu
This will include through electrical %sneeo ''%ll4
freight operation from the New York al Trains pct @
terminals to Potomac Yard, south of PM. .na ~1
Washington, Identification of large oPei'.I 1PP
freight yards several branches and .ne ~olo Id
Meeting freight lines and related inn @q1Pw@H' W.
provement work between New York, ine NomP
Philadelphia Baltimore and Washington. nelsns 1ems
The completed work embracing 1905 Nn1: VI iN''
miles of track electrified for both pas hec'l1n an
sengcr and freight service will provide ;".n
the most modern means of transporta- P'.V
ton to the popuous and steadily PlosIu PIe 70 s.'
growing metropolitan areas in the ter, poP' ~
ritory along the middle Atlantic maheh' iea'ur
board and for the through traffic EMl
between the oouth ana ne" Ehelano. During the
1t represents approximately 100000 country incu
hours of employment the railroad into an asreer
and the supply industries and the the result of n
penditue of many millions OF dollars for Railway Iabo,
the products of American industries. the 1o% dedr
During 1884 progress continued on been in effect
improvement projects in Philadelphia. restored on
Newark, Baltimore and Chicago while January / 10,
important additions and betterments he restored a
completed progressed at other the basic rates
points. had been in {
,uv .,,o um.onuD rosupxxrnyr 1881, will hay
Ten electric switching engines and one 81
electric passenger locomotive were Capital stot
received and placed in service and two close OF the
experimental electric passenger loco. holders, deer
motives were delivered. Eighty>four December il.
electric passenger locomotives and four shares held by
The continuing efforts of the employees to
successfully under prevailing adverse conditions
by the Company stockholders and bondholders v
secure additional traffic and thus increase revenue
in getting people to travel and ship via the Penr
thus promoting the business of their Company is a.
Philadelphia. Pa.. March IS. 1885 W. W. A
THE PENNSYLVANIA
SHIP AND TRAVEL VIA PENNSY
Stockholders rnay obtain copies Of the Annual
J. Taney Wilcox Secretary. Broad Street Station Bu!c