. Railway age . to the connection of Mr. I^oree withthe projierty: they are likely to be worked o\it tosuccessful use under his direction. In all these properties and making thevarious improvements mentioned,•• a consideralilefloating debt has been formed. Loans payable onDecember 31, 1907, amounted to ?10,800,000, a newitem, which did not appear on December 31, order to meet these debts and other needs, thestockholders have been asked to authorize, on May12, ], a first and refunding mortgage securingnot more than $.)0,000,00() .lo-year (or longer) 4 percent, bonds, the pre
. Railway age . to the connection of Mr. I^oree withthe projierty: they are likely to be worked o\it tosuccessful use under his direction. In all these properties and making thevarious improvements mentioned,•• a consideralilefloating debt has been formed. Loans payable onDecember 31, 1907, amounted to ?10,800,000, a newitem, which did not appear on December 31, order to meet these debts and other needs, thestockholders have been asked to authorize, on May12, ], a first and refunding mortgage securingnot more than $.)0,000,00() .lo-year (or longer) 4 percent, bonds, the present issue of which is to be lim-ited to $20,000,000. It is believed that these bondswill have a ready sale, for the credit of the Dela-ware & Hudson is high. One of the strongest assets of the company atthe present time is the fact that Mr. Loree is His genius for railroad management hasalready been shown on the Delaware & Hudson, notonly in the fine results obtained during the trying. i i ■ - ■ y ■ ?. \. -r- VtV- V Delaware, Lackawanna &. Western. year of 1907, but by the monthlv reports of earnings since the close large advantage both in doing its new work better and more cheaplyof that year. The Delaware & Hudson is one of the very few and also in being ready for great Increases of traffic when they arroads to report increases in both gross and net earnings for the months of January and February, the latest months for which re-turns have yet been issued. The results of the last two years operation, not including thelines in Canada or the electric lines, are summarized below: Mllengo worliod Ilisspnger * Coal frolRht earnings .... Mercliandlse ft enrnlnKs,Kallrond gross earnings Afalnt. way and stiuctiircs Malnt. <tf equipment (Nmdu<tlng tjansportatlon. (ieneial expMisrs Kallroad operating expenses .. Itailroad not eninlngs (ii-nss earnings al department Net earnings, eoal earnings, railroad and eoal Other Income Net Inc
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Keywords: ., bookcentury1800, bookdecade1870, bookidrailwayage44, bookyear1870
