Evening Star Newspaper, March 5, 1895, Page 9

if ) @ ® @ @ ® © © Ct) aed goQooeecoce RANGE. in health. are serving this eunipie’ ith delicious “Majestic” is cx! with delicious “ ° » Biscuits, Cake, &c. nice lunch during a nice ning QOHOGOHOHOHDOHDHOHOHHHO HOO SHO Ladies, we bake biscuits in three minutes, bread in thirty-five minutes with this won- derful “Majestic” Range. Iadles, we extend this invitation to all of you.’ We mean every Indy in Wash- ington ‘and vicinity. The ‘Majestic? is Just what yo need in your kitchen. HODOOOSSOO TO SOSH OSGASOHGO oe) OOS9O20 € Majestic Go THE EVENING STAR, TUESDAY, | MAROH 5, 1895-TWELVE PAGES. Steel and okimg lhange Every Lady in Washington and Vicinity is invited to visit our Grand Cooking Exhibition, now going on at our store. TO DEMONSTRATE THEIR WONDERFUL BAKING, COOKING AND - WATER-HEATING QUALITIES, a ‘Tajestic’”? Family Range will be in constant use, baking biscuits and delicate cake, which will be served with delicious ‘Ila- jestic’’ Drip Coffee to all who are interested in such matters. There should be a ‘‘Ilajestic’”’ in every household and the present is the op- portunity to make every woman happy. : The “Ilajestic’’ WILL SAVE IN FUEL EACH YEAR THE COST OF A Save in temper, save in food, save in repairs, save in labor and save We are giving a Grand Cooking Exhibition daily at our store with the won- derful Improved ‘‘ Majestic’? Steel and Maileable Iron Cooking Range. doubt, we believe this to be the best, most economical and quickest-working Range ever invented, and we say to eve: : the “TAJESTIC” STEEL AND MALLEABLE IRON COOKING RANGE. The ‘ Majestic’? Range consumes less fuel, does better work, heats more water and will last longer than any other cooking apparatus in the world. A special invitation is given to every lady in this city and vicinity to visit our store and carefully examine these Ranges, a full line of which is now on exhibition, including Hotel sizes and Steam Tables. ‘body come and see the Every day of this exhibit will be a Special Ladies’ Day; but the husband may come; the prospective husband with his sweetheart may come; in fact, all are invited to come, and come prepared to give their order and have the great and only “Majestic” Range on earth set up in their home. Special inducements to purchasers are made during this exhibit, which is done with a view to placing quickly the number we propose to sell on this plan, and those who purchase during this exhibit will receive the reward. The largest and finest line of Family and Hotel Ranges ever city of Washington now on exhibition at our store. , fal “Majestic” Range.+ .F. GUY & CO. Sellers of “Majestic” Steel and Malleable Iron Cooking Ranges, 1005 Pennsylvania Ave., Washington, D.C. Made by Majestic Manufacturing Company, St. Louis, Mo. SSSSSSSIOSOSVSHH SDS DOSS SSOOHSH GHSHDHHHSHNHSSH9 OOSHHSSSIOOS 2 OOS SO608 alleable Irom <<: ~ greatest of all, @ @ ® @ 9 fo) A special invitation ta every Indy in Washington and vicinity ‘to. visit” our GRAND COOKING E: ITION, Without Ladies, call at our store and see the latest 1m cooking, baking, bolling and broiling. seen in the’ + “ & € “a Ladies, we save half the fuel—halt fhe |fme—half the labor on this wonder~ > of tu OSSOSSSOOSS SO SHS OST SCO SOH CSO SOOO SOGHTSSHHSSHHOOHOTOTHSHHOOSOHHIDIIOSOSOSSHOOSOSO ll Annual Report of Pennsylvania Railroad Company. OFFICE OF THE PENNSYLVANIA RAILROAD COMPANY, d N PHILADELPHIA, Mareh 5, 1895. The Board of Directors submit herewith a sy- nopsis of their Forty-eighth Annual Report for the eur S04: Bie gross earnings of the three grand divisions east of Pittsburgh and embraci the Main Line, United Ratlroa of -New Jer lo and Philadeiphia and Erie Rail- 1 and Branch $58,704,284 58 40,363,746 57 $18,340,538 01 Interest from invest- ES oes sings 2c 88S. 082 C4 entals of real estate «+ 679,212 82 ‘and equipment, & Spm $23,853,733 47 Deduct: Rentals, lensed and wegeerated Toads, «$8,956,440 0 ts t on ONG oi Sensccmccres 4,155,705 96 Interest on mortgages = taxes, dc. 1,271,468 TL be ee ee aa 2 $9,470,119 85 Pa; ments account Sink- = ing and ‘Trust Funds, and guaranty of In- © on Alleghen: Rat iy $725,100 88 2,110,372 89 Balance after above payments. $7,359,747 46 Dividend of 5 per cent 6,464,647 60 to credit Prolit and loss for the year 1804 Amount transferred of Previous amount to credit. Deduct amount charged of in adjustment of advances hereto m of the United Ne Jersey Rallroads “and “anais, and the ia and ‘Tre iroad, for constru tion and real esta expenditures. an in settle ary ace $4,161,875 76 244,255 70 217,620 06 Jance to credit of profit and loss Baocember 31, 1594 $23,155,632 ‘The business depression which prevalled throu out the country at the close of 1803 continued ¥ Cven greater severity during the past year, and the reduction of traffic consequent thereupon stim- the sharpest competition that has probably aken place between the transportation jater- esis of the country, and required the most con- servative and ecenomical management in order to a modleri arns upon the capital in- Unier such mstances the results at- ulated t 3 heen heretofore carried on your hal- et to the credit of Profit and Loss Account ter pertion of the larze sums that have from time to time been expended uader Of the lense ape the properties of the United, New Jersey Railroad aed Canul Company snd the Phila- deiphia end Treaton Ratiread Conpany, amd repre- senting the important {mprovements and additions sve Deon made thereto since they passed un- * control. r this lease your Company fs not entitled to receive either stock or bonds for these outlays; and, asa large amount of six per cent. bonds of the United New Jersey Rallroad and Canal Com- pany matured during 1804, for the payment of which, as hereinafter stated, your Company re- ceived a like argount of securities from that Com- pts it was able to cradit the value of the assets @ sinking fund established for that lean, which ‘2 came int® your possession, against these ad- $4,401,875.78, it was to charge against your nt. ¥ances; and thé balance, thought wise, at this time NDS. the consolidated moct- gage of the Company, $324,780 were set apart on the first day of July'last, out of the net income, as a sinking fund for the redemption of the out- standing bonds secured by that mortgage. None of the series of bonds to which the Sinking Fund was applicable could be purchased under the terms of the Trust, and the amount was placed to the credit of the trustees for investment under the terms of the mortgage. There are $3,836,346.32 in securities and cash in the fund for the redemption of these 3. The trustees of the sinking fund for the redemp- tion of the Trust certificates issued for the pur- chase of the shares of the capital stock of the Philadelphia, Wilmington and’ Baltimore Ratiroad Company purchased $36,000 of these certificates during the past year. The total amount so pur- ‘ ‘and cancelled to December 3ist, 1894, is $2,298,000, leaving outstanding $7,702,000. The trustees of the sinking fund for the redemp- tion of the four and one-half per cent. Collateral Trust Loan were not able to obtain any of these securities during the year at the limit fixed in the agreement. The amount of this loan outstanding December 3ist, 1894, is $9,900,000. Under the provisions of the four per cent. Equip- ment Trust Gold Loan, there was paid to the trustee during 1804, for'the sinking fund, the sum of $136,650. The trustee was able to obtain but $10,000 of the bonds at the price fixed in the lease, and in accordance with the terms thereof tha bal- ance, $126,650, has been invested in additional equipment. FUND! DEBT. Six per cent. loans of the United New Jersey and Canal Company, ing: Railroad amounting to $5,- 646,000, having matured March 1s¢ and October Ist, 1894, a Ike amount of their four per cent. bonds, maturing fifty years from date, and sec hy their general mortgage of April 20th, 1871, was issued to provide for their payment ‘The title having been acquired during the year to the remaining interests in pfers 8, 4, and 5 on the North River, New York, the balance ($325,000) of the four per cent. loan of $2,000,000 created in 1898 for the purpose of acquiring these piers, was issued in payment therefor. ‘The amount of funded debt, including mortgages on real estate and ground-rents, at the close of the year was $82,756,235.99, being an increase of $259,596.11, accounted for as follows:——* Real estate bonds disposed of. Increase in mortgages and grot Total. - fess amount of equipment trust gold bonds redeemed. .$10,000 00 Less smount of Philadelphia, Wilmington. and Baltimoré Railroad stock trust certif- cates redeet Net increase........02000 capfraL stock. ; The amount of capital stock outstanding at’ the close of the year was $129,208,200, an increase of $27,150, due ‘to the conversion’ of ‘that amount of the serip dividend declared In May, 1893, but CORPORATIO: The entire cost of the securities of other rA- tens now held by your Company 1s $119,006,655,60. The direct ravenue received therefrom was 84,619. 393.64, the decrease as compared with 1803 bein: to the generally reduced returns from’ al tments. Notwithstanding this, these securi- tles produced nearly four per cent. upon their cost, and about a half a million of dollars ir excess of the interest on your funded debt. CAR TRUSTS. No car trust certificates were issued during the past year, The total number of cars provided under the Car-trast system is 57,997. Total amount of certiteates tssned therefor . 844,000 00 Amount red + 23,687,000 00 Balance of certificates outstanding December 81, 1804..........000000+ $6,957,000 00 ‘The amount expended for construction aad equip- ment on the main line was $1,497,436.07, and on lensed and $2,590,373.1 utillary lines, $892,037.09, a’ total of e work ef extending Broad Street Station, Priladelphia, and of constructing the new building In connection therowith fo~ the general offices of the Company, was completed during the year, and these offices removed to the new focation on’ July 9, 1804. ‘The railway facilities of this station, and the character of the general office building’ con- nected therewith, make it one of the largest and most important terminal stations in this country; and the accommodations provided therein for all the departpents of the Company's service have proved of great advantage Im the transaction of its business, and attest the wisdom of this improve- ment. ‘The only other items of expenditure on capital acrount were for additional freight cars and real estate. Tho principal tems. of expenditure in the, con- struction of bramch and auxiliary lines, in addition to the bridge across the Delaware River, herein- afier referred to, were the completion of the Phil- adeiphia and Delaware County Railroad, a local line lected for the development of the suburban ter- 7 im the vicinity of Philadelphia; the con- struction of twelve miles of the Ebensburg and Black Lick Road, referred to in the last re- Port, and intended to develop additional bituminous’ coal territory; and the purchase of additional real estate on the’ Ine of the Pittsburgh, Virginia and Charleston Railway, in the vicinity of Pittsburgh. number of ‘tons of freight moved on the three grand divisions east of Pittsburgh and Erie in 1804 was 64,677,604, a decrease of 5,200,766; the number of passengers was 38,596,100, a de- crease of 12.55. The average distance traveled by each passenger in 1894 was 18.0 miles, a decrease of .4 of a mile. The rete of freight recelved per ton per mile was 5.85 mills, or 29-100 of a mill less in 1893. ‘The cost of movement was 4.15 mills per ton per mile, a decrease of 32-100 of a mill. The net profit per ton per mile was 1.70 mills, an increase of 3-100 of a mill. ‘The carnlngs per passenger per mile were 1 977-1600, as against 1 999-1000 cents in 1898, a decrease of 22-100 of a mill per passenger mile. The cost of transport! coe eee Bet mille was 18821000. 0, apn tt 1 Ged comm es cost Ce of 8 mill, the resul an average on r mile of, 806-1000 of a cent. a decrease ‘of 20-100 a mi ‘The other large Ratlroad Companies east of Pitts- burgh and Erie in which your Company is interested show reduction in revenues, owing to the prevailing {ndustrial depression; but through the id enforced im thelr operation, the net results must be the’ eireum- stances, as quite satisfactory. Detailed statements of their operations will be found in their own an- Baal reports, a8 well as im the pamphlet repoct.of your Company. The total amount of coal mined by the four ‘coal a in which you are inter- ested, was 2,297, tons, @ decrease of 315,063 On the Iines west of Pittsburgh operated by the Pennsylvanta Company and the Pittsburgh, Cincin- nati, Chicago and St. Louis Railway Company the result was as follows:— 1804. Earnings of Pennsylvania Co. 17,904,422 65 Expenses -...- oe gti orer 31 fi t earnii + $6,350,184 34 Kentals interest, a: 2 hosrieto 43 Net loss on Penna. Code lines....... $087,476 11 Earnings of Pittsburgh, Cincinnati, Citeago and St. Louis Rail: $16,736,509 11 Expenses ....... ocacseee 12,475,590 24 Leaving net earnings. + $4,260,978 87 Teentale interest, &e 8,563,217 48 Net profit on Pittsburgh, Cincinnati, Chieago jana St. Louis Railway ted + __ $10,285 28 The other lines west of Pittsburgh, on account of Which your Company has assumed direct obliga. tiors, or in which it Is largely interested through ownership of securities, but ‘which are operated through thelr own organizations, are the Grand $697,761 39 Net profit on Iines directly west of Pittsburgh Rapids and Indiana Rallrogd, and roads operated through {ts organizatio incinnati and Mus- Kingum Valley Raflway; ‘Waynesburg and Wash- ington Raliroad; Pittsburgh, Chartiers Youg- hiogheny Railway; Terre Haute and Indianapol! Tealiroad, and ‘roads ‘operated’ through, tte oreantsn- tlon; and the Toledo, Peoria and Western Railway. ‘The ‘aggregate gross earnings of these roads were. + $8,028,476 69 Expenses .. + 6,180,236 54 Net earnings... ae Deduct rental, interest, &c.. $1,848,240 15 1,981,479 28 Of this loss the Pennsylvania Rall- road is responsible for. + $59,456 52 Which deducted from the profit shown above. 10,285 23 Net loss on all Mnes west of Pitts- burgh ... The amount expended on account of construc- tion, equipment, and real estate during 1894 on the lines west of Pittsburgh was $031,769.76. No ex- peniitures were made on capital account except such as were absolutely necessary te take care of the trafic. The main items of such outlay were payments for trust cars, real estate, and the con- struction of yard tracks ‘and sidings. The number of tons of freight moved on the lines west of Pittsburgh was 43,088,278, a dec of 71,139. The number of passengers was 16,634,- 308, a decrease of 2,366,755, The gross earnings of all lines cast and west of Pittsburgh for the year were $122,003,000.07, operating expenses, $85,142,174.53, and net earn- ings, $36,860,825.54. ‘There were 120,545,652 tons of freight moved and 77,106,555 passengers carried. GENERAL REMARKS. There has been patd the Managers of the Trust created October 9th, 1878, by the Company, to December 3st, 1804,’ the sum of $4,420,850.03,' the total income therefrom has been $5,054,474 61, and securities have been purchased amounting at par to $0,508.206, yielding am interest of 5.14 per cent- for the year. There was appropriated to that Trust for the year 1804 the sum of $74,340.88. The ob- Ject sought to be accomplished by its creation— that of purchasing the securities upon which your Company was liable as a guarantor—has been stead- ily pursued, resulting in the accumulation of the large fund ‘above stated, and the time ts now ap- prosching when the wisdom of establishin this rust wil be shown, through its ability to provide the means meeting obligations of companies which are themselves unable to provide for their payment, aud that otherwise would baye to be dis- charged ‘out of the direct revenues of your Com- pany. The assets of the Insurance Fund on hand at the end of the year were §3,468,909.37, being an increase of $251,662.04 over the previous year. The amount contributed by your Com and aililiated Hues during the year to the Employes! Relief Fund was §88,701.47 for operating expenses, $2,007.50 for deficiencies, and, in addition thereto, the sum of $31,267.60 for extra benefits to members of the Fund whose disability had continued over fifty-two weeks, and who were, therefore, no longer cutitled to regular benefits from the Fund, making an aggregate contribution on the part ‘of your Company and affiliated Ines of $121,976.57. “The employes was = amount contributed by the 558.76, and the receipts from interest were $6,- 186.64, which, with the contributions by the com- Panies, as stated above, made a total of $733,- (21.97. This, added to the on aggregated ling of the year, $132,370.95, 092.92. Of this amount there was paid to the families of employes in death benefits, and for sickness and accidents, the sum of $546,’ 383, and the average pald in each cuse was $575. There were 33,: members of the Fund at the close of the yeur, ‘The employes ‘continue to avail themselves of the enetts, of the Employes’ Saving Fund, the number of depositors having iner during the ye x 4,112. ‘The amount received uring 1894 was $860,615, and the balance in the Fund, at the close of’ the year, was $1,804,594.73. Of this amoynt $1,300,000 have been securely in- Vested in four per cent.’ bonds. ‘The Cresson and Clearfield County and New York Short Route Railroad Company, ‘having a large floating debt, and being unable to earn the interest upon {ts obligations, was foreclosed and reorgan- ived as the Cresson and Irvona Railroad Company, and, it is believed, will be able to earn a fair in- terest upon its present capital, while supplying a* reasonable amount of traffic to your Main Line. ‘The Brownsville and State Line Railroad, the McKeesport and Bessemer and the Monongahela River and Streets Run Railroads, all closely allied with the Interests of the Pittsburgh, Wirginia and Charleston Ratlway, have been merged into and consolidated with that Company, and steps taken to increase both the stock and, bond capital of the consolidated company {o $6,090,000. ‘This will en- able it to mike necessdry exfgnsions and improve- ments and provide fer the idtfeasing trae of the territory which It trivérses, = For the purpose of waxbling the Merchants’ Ware- house Company to fongsh additional fucilities for the tragic brought by your lines to Philadelphia, a further contract has bopn.mage with that company under the geacral grrangemept already existing, through which an faaie warehouse for the storage of flour and hférchamtlise has been erected at Laurel and Beath: Streoté, and another hay Warehouse at Front am@ Berke Streets. Believing that tha time ber come when your interests as well asstlose of;she public would be promoted by the construction,pf a bridge over the Delaware River, connegting yugr Ines in the States of Pennsylvania and’ ‘New Jetsey, at a point as close to the northern dimits-@ Philadelphia as a prudent regard to ecgnamy would permit, and with- out substantial Interference with the navigation of the river, your Comphny obtafmed from the States of Penpsyivaia and,,New Jersey and from the United States Government te requisite authority for its construction. 'The right of way has practi- cally been secured; tnd its eonstruction, which 1s rapidly progressing, will, jt is hoped, be. com- pleted during the present year. ‘This bridge will tly facilitate not only the movement of pas- r# to.and from scashore points, but also that of coal and other heavy traiiic t Soutkern New Jersey, and of agrictt!tural and other ‘products from that State to the city of Philadelphia. ‘The work of elevating the roadway of the United New Jersey Division through the city of Elizabeth has ‘been so far completed as to permit trains to be transferred to the elevated tracks, thus eliminat- ing the dangerous grade crossing of the Central Railroad of New Jersey, and also of all the streets in the built-up portion of that city. Further larze tiny will be equired im connectiqn with this @ now station and finishing the elevation of the tracks on the between Frankford and Holimes- burg Junction, Philadelphia, was also continued. and several grade crossings’ were abolished unde: the satisfactory and equitable contract made with the efty of Phlindelphia. Under this contract work ia still In progress, apd ‘will finally result in elimi- rating all grade crossings on this portion of your Nes line in that city. Considerable progress has been made toward removing the’ dan; crossing of t our Connect- ing 7, is work, through the Iberal appropriations made by your Company and the city of Philadelphia, will be completed during the pres. ent year. our management believes, however, that it is wise, for the present at least, to suspe1 I expenditures of this character until definite legislation is ‘had to prevent the increase of high- way crossings at grade. It certainly not seem to be equitable that outlays of this character should be made by the Company when the view is ‘ically defeated by opent of new shways and the privileges granted to clectrie tines to tse Seas St gratin, he Pennsylvania Canal Company, the share capital of which ir largely owned and ‘the interest upon its bonds guaranteed by your Company. Owing to the destruction bY freshets of the Susquehanna and Tidewater Canal and its unfortunate financial condition, the canal is.now cut off from any con- tection with tidewater, and remains as an Isolated waterway in the central part of the State, earning lttle revenue, and barely able to maintain itself. It would seem that this property has reached @ point where the interests of the public would be as Vell served if it were abandoned. Your system shared in common with the entire rallway interests of the United States in the great depression that continued throughout the past year. ‘The lines west of Pittsburgh show an even greater proportionate reduction in thelr gross earnings than those east of Pitisburgh, and while the most economies were enforced in their management, the net results are nearly $2,000,000 less than for 1893. The aggregate decrease in ‘the gross revenues of your entire system is, over $16,000,000, and with a saving in expenes of over $13,000,000, there is a loss in net results of about $3,000,000. This large lecrease in gross earnings fully represents the average reduction im the revenue of the railroads of the eatire country. ‘The two facts strongly emphasized by these fg. ures are: first, the continued depression in commercial, manufacturing, and mining industries; and second, the constant reductions in rates that have been forced upon the transportation interests. In the former we may naturally expect an im- provement with the return of commercial prosper- ity, but there seems to be little ground to for relief as to the latter until the general public awakens to the fact that the prosperity of the transportation interests of the country depends upon thelr receiving proper compensation for the service rendered, and that upon thelr rity depends to a large extent that of whole country. The capital invested in ti tion lines must receive a fair return to enable them to perform the duties for which they were incorpo- rated, but this result will not be reached until it is realized that unrestricted competition between railways is often attended with serious disadvant- rds as of your lines west of Pittsburgh, and then as your General Solicitor since October Bist, 1877, having determined to retire from the active remonaibit: ties of the legal irtment, resi e er Position, taking effect February Ist, 1895, and was appointed Counsel of the Company. Mr. Scott's great professional ability and unremitting zeal in the discharge of his duties rendered his ser- vices invaluable in the many grave legal ques- tions incident to the management of your affairs, and it was with great regret that your Board felt compelled to accede to his wishes. Hon. James A. Logan, Assistant General Solicitor, was_pro- moted to ‘the vacancy thus created. Hon. Wayne MacVeagh, having been appointed Ambassador to Italy, resigned his position January 20th, 1894, as Special Solicitor of the Company. Mr. R. D. Barclay, General Assistant to the President, resigned Say ist, 1894, after a long and honorable connection both with your_serrice directly and with the former executive officers of he “revised organization, taking effect December Ist, 1894, Mr. Charles ‘A. Chipley was appointed Asuistant General Freight Agent in e of Local Traffic, and Mr. John B, Thayer, promo ited AS Assistant General Freight ‘Agent in charge of Through Traffic. ‘Mtr. Samuel Porcher ‘was appointed Assistant Purchasing Agent March Ist, 1894, and Mr. P. Frank, Hunter Assistant Treasurer’ January “Ist, ‘The General Balance Sheet of the Company is hereto aj Th its_to the The Bobrd renew thelr acknowledgment officers and employes for the fidelity and efficiency with which they have discharged their duties “ur- ing the past year. By order of the Board. Dr. G. B. ROBERTS, President. GENERAL BALANCE-SHEET. December 3ist, 1804. ASSETS. Cost of road, including the cost of the Har-| Mt. Joy and Lancaster Railroad, represented by the oaranteed| capital aS and bonds of said com; ($1,882,550) },614,179 67] Real estate. Mescresty 1 Equipment $39, 789,715 62} Equipment covered by 4 per gent. Equipment Trust Gold Loan, Girard Life Annuity and Trus' Insurance, it Compa 1,610,000 00 —————-— 3,435,536 69} Cost of United New Jersey Railroad and improvements and additions Canal Co.| Construction Stock of rallroad corporations Bonds of railroad corporations ‘Stocks and bonds of other corporations. Mortgages and ground-rents receivable...... Appraised value of securities not disposed of, received with the lease of United New| Jersey Ttailroad and Canal Co.: 5 iNT ASSETS. Due for advances for construction and other| PORES. Bills ‘recelwabl Due from agents and superintendents. Miscellaneous assets Materials on hand.. sees Cash balance with London Joint Stock Bank, Limited, and other parties for payment of; interest’ ...... Cash in hands of Treasurer. Pennsylvania ‘Railroad Consol? : ennsylvan ron - ‘dated Mortgage Sinking Fund.$5,015,020 00|...... ‘Less bonds med ‘and SI redeet cancelled ......++++++++++ 1,771,980 00) Managers of Trust created October 9th, 1878. Trustees’ sink nna. R. R. United New Jersey Ratiroad and’ Ganai sinking fund and redemption account... fund consolidated mortgage} Insurance fund. 8,248,040 4,420, ‘|, DURING YEAR 1694. 1,660,818 ‘Total... GENERAL BALANCE-SHEET. Cr. December 3ist, 1894. 1 | DURING YEAR 189. LIABILITIES. Capital stock : o[eseeecsenee es «{$129,298,200 Funded debt:— General mortgage bords, 6 per ct., due 5 Consolidated mort. Londs, 6'per ct, ae ee is «- $27,480,020 00) Consolidated mort: pe “ete, due ‘iets = 4,908,000 00 Consolidated mot ete, due 1943. 3,000,000 00) ct. Navy ¥: S 5 per ct., due 1901, Navy, Yand mort, bonds, 5 per ct.» due 190 Collateral trust Ioan, " 4%4 per Equipment trust loan, 4 per ct., “* 1914, PW B. R. R. stock trust a : 4perct., “ 1921, t. real estate BS 4 per ct,“ 1923, Mortgages and ground-rents payable. Guarantees under leese Harrisburg, _Ports- mouth, Mt. Joy and Lancaster R.'R. Co., On capital stock. On four per cent. mortgage bonds. al of,| United New] pany :— Appraised value of assets not Received with the lease of (nnasatd CURRENT [1ABI Pay eh Spee Net traffic, lances due Due controlled companies, other than Due employes’ Savi Fund..... 5 Dus ‘Raiet Fund, current and surplus “acy raffle} matured and uncollected. -| bonds Dividends uncollected by shareholdes Miscellai neous Habilities....... SINKING FUNDS. fund. consolidated mortgage bonds, coutributions to December 3ist, 1894.....: Fund for purchase of securities guaranteed by. the Pennsylvania. Railroad Dy, under Trust created October 9th, 1878...: Pennsylvania Company, payments for leased) equipment under Pennsylvania Rall Company 4 per cent. equipment trust loan. Trustees’ blaking fund consolidated mortgage, Pennsylvania Ratlroad Company. Balance to credit of profit and loss. STOCKHOLDERS CAN OBTAIN COPIES OF TH SONAL APPLICATION OR BY LETTER TO THE Ton ELPHLA. ‘TION, PHILADI \$19,997,820 $10,000 00 86,000 00 RO! ITH, Treasurer. REPORT IN PAMPHLET FORM BY PER- SECRETARY, ROOM 271, BROAD STREET STA- CHRISTIAN ENDEAVOR UNION. ~ The Meeting of the Executive Com- mittee Last Evening. At the monthly meeting of the executive committee of the Christian Endeavor Union last evening at the Calvary Baptist Church there was a large attendance of the repre- sentatives of the various societies. Mr. Conner, the president, was in the chatr, and the secretary, J. B. Sleman, jr., kept the records. A report from the good citi- zenship committee favored the observance of Sunday, the 24th instant, as “Good Citizenship day.” The plan for this ob- servance as outlined was that pastors preach at either morning or evening ser- vice in the interest of the movement; that each society make of its evening meeting special service at which different features of Pine work be discussed, and that a special public mass meeting be held in the afternoon. ‘The report further stated: ““We have con- sidered the advisability of inaugurating a crusade against the exposure and sale of indecent pictures and Hterature. The sec- retary wrote te Mr. Anthony Comstock, re- questing his advice, and he sent a very earnest reply, containing- many practical suggestions and kindly offering to mect our committee when he will be in the city, about the 15th of this month. “Here is a practical work for us as Endeavorers, and the accomplishment would result in untold good. We realize that it will entail zealous, arduous and unremitting labor, but this debasing prac- tice has continued all too long. Something must be done, and the. Endeavorers of the District are the ones to do it. Be ready when the time comes to strike and strike hard.” Reports from various committees were received. Mr. W. H. H. Smith, the chair- man of the committe of arrangements fer the convention, stated that the subscrip- tions for the societies azgregated $5,041.10. He said that it was evident that only the few had subscribed thus far, and he urged upon all the members of the executive committee to assist the members of the auxiliary finance committee in their own societies to the utmost. The treasurer, Mr. Sto reported that the receipts for the month had been $49.62, leaving a balance‘of $3.07. In_regard to the Boston convention Percy 8. Foster, from the transportation com- mittee, reported that there had been one hundred applications to the committee for accommodations, but only one society had indicated that it would send delegates. The success of the trip depended upon early applications, and those intending to go should inform the committee as soon as possible. This was doubly important, be- cause the Washington committee had re- celved a proposition from the New York committee by which, if a sufficient number of delegates from Washington were ar- ranged for, the two delegations might have the exclusive use of one of the sound steamers from New York to Providencs. A special train would leave Washington, probably on the Wednesday morning be- fore the opening of ‘he convention, to reach New York at 5 o'clock. The steamer would then be taken, Providence reached in time for the boat train, and the arrival in Boel be. ee any, morning. The in- vi cost of the whole trip wi about $30. 5 ip would be ‘or the lookout committee Miles M. Shand urged the appointment of twelve Endeavorers in each society for the pur- pose of maintaining a system of intervisi- tation among the several societies. Marion McH. Hull submitted a brief statement of the work of the missionary committee, making spectal reference to the Union Missionary Library, which, he said, was now open for the use of Endeavorers. —— The School Teachers’ Bazaar” The members of the executive hoard of the Washington teachers’ ,, to be held next season for the benefit of the Teachers’ Aid Association, have issued a preliminary outline plan of the event. The several working committees have been fcrmed, and have entered upon their duties. Mr. Edmund E. Messer has accept- ed the appointment as chairman of the art committee. Mr. Messer intends to interest other well-known artists in this branch of the work, which would assure success of this important committee. —_-—_—_ Iliness of Father Delany. Rev. John T. Delany is lying seriously ill at the parochial residence, 11th and K streets northeast, his ailment being inflam- mation of the stomach. Father Delany was the founder and first rector of Hely Name parish, and enjoys a wide acquaint- ance among the Catholic laity of the city. : 5 MANY OPINIONS Decisions Handed Down by the U, 8, Supreme Court. : SEVERAL IMPORTANT CASES, SETTLED Constitutional as Well as Legal Questions Involved. SOME RAILROAD CASES In addition to the Supreme Court de- cisions that were announced in yesterday's Star, a great many opinions were handed down, inctuding several important matters, The validity of the Louisiana act of 1888 providing for inspection of coal and coke by gaugers was sustained in the case of the Pittsburg, Pennsylvania and Southern Coal Company against the state of Louis- jana. The court held that the law was but @ proper regulation for oversight of the coal and coke boats on the Mississippi, and therefore sustained the circuit court. ‘The decision of the circuit court for the district of Massachusetts in the case of the National Cash Register Company against the Boston Cash Indicator and Record Company was reversed, the court holding that the defendant’s machine is en in- panesoee upon the National Cash Regis- r. ting @ Judgment for $95,008 to the Bers a a ju ent for nent Firearms Manufacturing Company against the United States government, from which cross-appeals had been taken by both parties, was sustained. A Constitutional Question. An interesting constitutional question was decided In the case of E. 8. Emert against the state of Missouri, the decision being adverse to the plaintiff. The tormer is an agent or peddler of Singer sewing machines. It was sought to make him pay @ peddier’s license, which he resisted, in order to test the law, contending that as the machines came from New Jersey the license was a restriction on the constitu- tional right of interstate commerce. The court held that while the goods came from another state they were being handled gent of the local and domestic commerce. ‘hey were no longer the subject of inter- state traffic, but had been merged with the mass of property within the state, so that the occupation of selling them was proper- ly a subject of state police regulation, and in no way contrary to the federal Con- stitution. The Arkansas law of 1887 limiting ras- senger fares to three cents a mile and fix- ing a penalty of $300 for each overcharge was sustained, the court upholding the action of the supreme court of Ar 5 In the case of the United States against George H. Piatt and Monroe Salisbury of California to recover excessive payments made to them for carrying the mails, the action of the court below in dismissing the case was reversed. The conviction of Harry “F. Batchelor, formerly president of the Stock Growers’ National Bank of Miles City, Mont., for embezzlement, by the circuit court for the district of Montana, reversed on the the state of Oregon, the plaintiffs having been convicted, with twenty-five others, of conspiring to bring Chinese laborers into the state contrary to law, was decided. The chief allegation of plaintiffs in error was that the indictment failed to aver that the act was feloniously done, but the court held that this was not good, and sustained the lower court in its conviction. To Tax a Railroad. In the case of the Maricopa and Phoentx Railroad Company, the territory of Arizona appealed from the supreme court of Ari- zona. The court decided that a territory had a right to tax the property of a rail- road company traversing the Indian reser- vation when right of way has been granted by act of Congress. The case of Francis A. Coffin and Perci- val B. Coffin, plaintiffs in error, as the United States appealed from the United States district court for the district of In- diana, was reversed and a new trial or- dered. The plaintiffs were indicted on the charge of conspiracy with Theodore P. Haughey, president of the Indiarapolis Na- tional Bank, to wreck that institution in 1898, and, upon trial, were found guilty as charged, and appealed. The appeal of the New Orleans City and Lake Railroad Company from the order of mandamus granted by the supreme court of Louisiana on the application of the city of New Orleans to compel the road to keep paved certain parts of the streets occupied, in accordance with the terms of the char- ter, was dismissed. The validity of the Louisiana act of 1877, stipulating that the police jury of a parish or municipal corporation: should not make the year, and that all the revenues of the year should be devoted was and the decision of the elreult court for the eastern district of Louisiana affirmed. To Dismisa the Suit. Justice Shiras delivered the opinion of the court in the case of R. H. Lindsay, as- sessor of the parish of Caddo, La, against the First National Bank of pealed from western Lindsay parish officials for the cancellation in modi- fication of alleged excessive assessment on bank stock. The officials filed an exception in the court below, setting forth that the remedy was not by an action at law, but by injunction and bill in equity, and that the court was without jurisdiction. Justice Shiras’ opinion sustained this view, revers- ing the judgment of the court below, and remanding the case with directions to sus- tain the exceptions and dismiss the suit. The decision of the court below was af- firmed in the case of Byron H. Evers et al., appellants, against Thqmas Watson et al., appealed from the circuit court for the northern district of Mississippi. The case involves 600,000 acres of delta land and 150,000 acres of pine lands in Mississippi. Evers, an Englishman, owed Watson $145,- 000 on the lands, and they were sold at a commissioner's sale. Evers alleged that fraud was practiced, hut the court refused to sustain the charge. A decision was handed down in the case of the Pullman Palace Car Company against the Metropolitan Steel Railway Company. The judgment of the lower court was reversed with costs, and the cause re- manded, with directions to enter a judgs ment in favor of the Pullman Company for the sum of $47,500, with interest thereon from March 30, 1888, at the rate allowed by the laws of Illinois, Against the Norfolk and Western. The Norfofk and Western railroad ap- pealed from the decision of the court of appeals ef Virginia in affecting the act of that state regulating freight charges. The railroad company contended that the pro- vision in the charter of its predecessor or- ganization giving it power to make its own charges succeeded to itself. The court be- low took the view that the privilege did not so descend to the Norfolk and Western, and the Supreme Court affirmed its judg- ment against the railroad company. The court reversed the decision of the circuit court for the northern district of Illinois in the case of Josephine P. Wal- dron against Mary A. Waldron, and a new trial was ordered. Mrs. Mary Waldron married E. H. Waldron in Indiana in 1885. He abandoned her in 1886, and she optain- ed a divorce the next year. Four months after the divorce was granted, Waldron married Mrs. Josephine P. Alexander, and in June, 1888, the first Mrs. Waldron sued the second Mrs. Waldron, claiming ee she had entered into carnal relations with Waldron prior to the secend marriage in order to deprive the first Mrs. Waldron of his comfort, fellowship, society and aid. Mrs. Mary iron, the plaintiff, secured damages for $17,500, and the case was taken to the Supreme Court from the circuit court on a writ of error. The appeal hinged the admissibility of certain evidence in the trial, namely, the record in the di- vorce suit and the decree of divorce. The Supreme Court held that neither of these was admissible because of irrelevance, _