Salt Lake Herald | 1902-03-12 | Page 7 | Earnings Are Enormous

EARNINGS ARE ENORMOUS Pennsylvania Bad Eclipses Even I Own R Held Philadelphia annual meeting Of tire tile stockholders of the Penn yanla sylvania railroad was wan held beld today The I approval of the annual report and the of oC a resolution Increasing the pension fund tin to mn corn com the principal business of the ses ree session sion A resolution was adopted author authorizing lung izing the appointment of seven share shareholders holders to select II a board of directors to tobe tobe be voted for at the annual election eJection on March S First Vice Pre President JOhn Jonn p Green addressed the meeting the t r e ad L plans of th the company He said the cx of for equipment was necessary as 88 the increasing business of the corporation required roll roU roUGe lag stock have been umeye made Ge be said to use this money to the best beet advantage Speaking ur the Ne New NewYork York terminal Green said Mid the company should not eta stay on the wrong side of New York Cit when wileR It can CAli enter Ute the heart hart of the metropolis Alt All obstacles Raving having been Deen overcome the will proceed with Ute the work of tunneling under North During Ute the year the Pennsylvania company exceed Ute the enormous sum o of This Thill road rend M has lang held the record for earnings arid aad this um sum Is over in ex excess o of IU Its greatest pre previous virus record which was made in 1900 The exact figures for J 1551 were Gross earnings expenses e net earning W 14 The Thenet Thenet net earnings in were n and dads ach year since has bown ad aa Increase