Twentieth Annual Report Of The Board Of Directors Of The Pennsylvania Railroad Co To The Stockholders February 19 1867

Author : Pennsylvania Railroad Company
Publisher : Forgotten Books
ISBN 13 : 9780364879764
Total Pages : 96 pages
Book Rating : 4.8/5 (797 download)

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Download or read book Tenth Annual Report of the Directors of the Pennsylvania Railroad Company, to the Stockholders written by Pennsylvania Railroad Company and published by Forgotten Books. This book was released on 2018-03-18 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Tenth Annual Report of the Directors of the Pennsylvania Railroad Company, to the Stockholders: February 2d, 1857 Since the repeal of the tonnage duty on coal, the transporta tion of the bituminous variety, which abounds along the line of our road, has become an important branch of the Company's business. In consequence of the distance of the mines from the seaboard, the charges for freight must necessarily be light, to permit its introduction to market in competition with that brought from the mines of Maryland and Virginia, from whence most of this description of coal, consumed in Philadelphia, has heretofore been obtained. The rate charged for its transportation is deemed profitable only in connection with other business, and with a view of keeping the rolling stock of the Company fully employed, during that portion of the year when there is a scarcity of freight of other descriptions. -after' the superior quality of the coal of the region traversed by our road shall have been fully established, it is believed it will command a price in' the market such as to afford more remunerative rates of freight. To increase the business, however, it is essential that greater facilities should be furnished for its shipment and distribution at Philadelphia. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.