1880 History of Blair County - Johnstown, PA

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12 HISTORY OF ALTOONA AND BLAIR COUNTY.AND DON'T YOU FORGET IT,STOVESHOUSE FURNISHING GOODSTIN, SHEET-IRON AND COPPER WARE,ROOFIXd AND SPOUTINCl rPvOMPTIA'ATTENDED TO.Best Materials—Lowest Prices.,THHNo. 1108 Eleventli Avenue,ALTOOXA, PA.
HISTORY OF ALTOONA AND ULAIR COUNTY. 13'Oil F('l)niiirv 2, iSn'i, Mr. .1. Kduiir 'IMHUiisdii was elected Pre>i-(leiitdf the Pennsylvania llailroad eonipany. 1 le died on May "27,18T4. The vacancy was tilled Ity the (dection of Thomas A. Scott,who had been actin- in the cajiacity of Yice Presiih'nt since March4, 1860. It is trne, however, that the position Mr. Scott Inddas Yice President was, for a time, merely nominal, for, on Au-iist 1,1861, he was appointed Assistant Secretary of War. On June 1,1802, he resi-ned this position, and resumed his duties as an officerof the road. But, again, in 1868, he was recalled to the War department,by Secretary Stanton, and on the 24th S(>ptembcr of iliatvear was create(l ('olon(d and Assistant (Quartermaster. After rendering-efficient service to the (xON-crnment for a short time he againresumed his railroad duties.The prosperity of the Pennsylvania railroad, is uuiiiily attributableto its management under the direction of J. Edgai- Thomsonand Thomas A. Scott, the latter being justly recognized as the mostefficient railroad officer in the United States, and, probably, in theworld.From the thirty-third annual report of the lioard of directors tothe stockholders, presented at the meeting h(dd March 9, 1880, welearn that the gross earnings of the Pennsylvania railroad division,between Pittsburg and Philadelphia, were $21,743,628.31 ;expenses,$11,751,620.55; net (varnings, $«),;)92,007.t6 ; add interest for investments,$2,513,198.21 ;deduct interest on bonded debt, etc., $5,022,-725.49—leaving the net income $7,482,480,48. The earnings of theUnited railroads of New Jersey division were $9,784,843.05, and theexpenses, $6, 500, 861. 53.After deducting payments on account of interest,etc., there is a loss of $939,889.00 for the year, against a lossof $,136,715.16 for 1878.The Philadelphia and Erie division showsearnings of $3,091,807.81, and exi)enses of $2,130,258.07. In orderto provide for the cancellation of $4,970,000 of lirst mortgage bonds,due December 31, 1880, the Board of Directors have caused to lieissued $5,000,000 of 5 per cent, bonds, due in forty years.Since the above was written Thomas A. Scott resignedthe presidencyof the company. His resignation took effect on the 1st June,(1880). George B. Roberts, First Yice President, was elected t(. lillthe vacancy at a special meeting of the Board of Directors held onthe 5th May. This gentleman began his career of service with thePennsylvania Kailroad company in the spring of 1851 as a rodman inthe engineer corps, and was, during the following summer, promote(lto the position of assistant engineer in charge of the division on the
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JAMES STEWART PrtKNc-LL.--r.r.I
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HISTOHV OK AI/roONA AND 1!I,AIR TOU
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ililSTdRV OK ALT(X:»NA AND HI, AIR
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SYLVAN SCEINE ON THE ALLEGHENIES, N
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W.H.|J,T.J.William190 HISTORY OF AL
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.'idTreasnicr,Soluilor.J.J.HISTORY
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::APPENDIX. 251APPENDIX.POPULATION.
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APPENDIX. 253boilers, with tlio bos
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APPENDIX. 255luul each of suflicion
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.The County's Finances •.*iNames
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'.'..]'..''''.TABLE OF CONTENTS.. 2
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INDEX TO ADVERTISEMENTS.^'-McXcvin
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HJIVE YOUR CLOTHES MJIDE TO ORDER B
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1880 History of Blair County - Johnstown, PA

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