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Excerpt from Review of the Annual Reports of the Philadelphia and Reading Railroad Company During the Presidency of F. B. Gowen: From the Financial Column of the Philadelphia Record, and Other Sources The year 1869 was a prosperous one, the balance sheet showing no increase of debt, but an increase of surplus to The only departure from the hitherto conservative policy of the company was the negotiation of a new loan of to be issued in 1870. 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.