The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-06-07
The New Jersey Railroad and Transporta.
tion Company.

ton Company.
The annual meeting of the directors and stock
holders Of the above company was celebrated on
Monday in the City Hotel, Newark.
At eleven o'clock in the morning there were about
eighteen gentlemen present, and as noon approach
ed the room became exceedingly thronged.
Amongst the stockholders and members then pre-
sent, we noticed Ex-Governor Pennington, of New
Jersey, R. w. Stiles, ESQ.,, Stephen Whitney, Esq.,.
Colonel Scott, Doctor Goble, General J. W. Darcy,
and crowd of other influential gentlemen of the
neighboring State.
The meeting WAS brought to order at twelve
O'clock BY the directors calling R. W. stiles, Esq,
Of Morristown, N. j., to the chair. Colonel John
Kean and h. J. southmayd, Esqrs., acted as secre-
taries to the meeting.
Col. Kean read the minutes Of the last meeting,
which were approved Of.
It was moved and seconded, that committee
consisting Of J. G. Goble and J. j. Chetwood Esqs,
be appointed for the purpose of arranging for so
cial entertainment in the evening. The motion was
carried unanimously, and the committee immediate
ly set to the performance Of their pleasing duty.
John P. jackson, Esq, the vice-P President Of the
company, and Supernten dent of the road, read the
annual report. The document was very ably drawn
up, referring in precise and lucid terms to the bust
ness Of the road for the past twevemOnths its earn
ings, expenses, improvements made and projected,
and contained suggestions for it's further extension,
and the interests Of the stockholders. The report
notices.
First-The continued exemption from accident, no
person having been injured in the cars though the
Der Of carried since the opening Of the road
has exceeded fifteen millions 1t audes to the fact that
the road having passed through its age Of pupage may
be expected to exhibit the enterprise and liberal
policy Of mature manhood After brief review Of
general matters passes TO recapitulaon Of the pro-
Gee dngs the year In order to enlarge the
tn huv tha
ferry company all other negotiations to the OBJ
jects desired having failed The rights, stock, &c. of
bonds Of the railroad company being given for this
amount for ten years, at six per cent Under this
board of directors congratulate the stockholders
having them secured the highly important
ferry rights, valuable property and exclusive priv
confirmed by several authoritative decisions Of the
State and United States courts. The Common Coun-
ell Of Jersey City have exhibited spirit OF beraty
wards the improvement contemplated, and have giyea
the necessary sanction their part Seven separate
slips are to provided front Of the blocks OF reclaim
ed lands which with facilities the New York side will
enable trips to be made almost continually furnishing
capacity for business equal to several ferries. The
commodations for tho public in this respect be
provided by one company Of large capital than by
raj small companies.
running through the Bergen cut six feet gauge pro-
vded by an extra rau-and though accidents and
have taken place under the arrangements adopted No
objection exists to extending the extra rail Elizabeth
to meet the proposed six feet gauge of the
Railroad, which ID intended to with the
vania six feet roads
Satisfactory surveys for widening and s.ragnen,uy
the route through Bergen cut have been made and the
improvement is estimated at 5000 ooo The work will
receive proper attention when other i'm more
immediately necessary completed.
The construction Of the bridge to connect with the
Norris and Essex Railroad ia progressing though 1t has
peen somewhat embarrassed. The Importance Of this
connection Is obvious and the stockholders eici
tated that no legal mpedhnent In the opinion Of the
Court q Chanoery, exists against its prosecution.
The authority given by the stockholders the direc
tors to aid branch roads when oneh the capital was
raised by local subscription and to lease the same
met with great favor In various sections, and egisa-
tive authority has been obtained In several instances
therefor.
The directors have given favorable encouragement 10
several roads, and desire full and distinct autho-
ry to aid such important to the prosperity and
substantial interest Of the community and calculated 70
secure increase Of business and protection the New
Jersey Railroad.
The main line Of the road has been materially i'm.
proved By The application Of stone and gravel TO sody
The road bed Cars being improved
st class engines have been added ana twelve cars Of
superior style are nearly ready for delivery The depots
Of the road have been improy and elegant one at
Eizabethtown erected in connection with the Central
Railroad II Is intended 10 lay double track tbis se.san
at least as far as Railway.
The gross receipts of last year we're sslo5s4 81 ex
penses, $500 s2-the ratio OF expenses being 40
per cent against $603 e43 SO receipts and s2s7 sa AZ
expenses, the preceding year-being ratio of AZ nor
cent. The surplus earnings carried to profit and loss on
January !st we're slss 20 DO, against $5o,35s "a the
year previous.
The whole number Of passengers carried last year
2l70 243 tons of merchandise, 48 1871 number miles
sengers were 1,592,c7o freight 34,65s% tons nies
run, 270,fsO.
Tie amicabe relations Of the company with various
public works. whose operations carried conuec
ton with the railroad continues satisfactory The com.
munity il benefited by the mususl of
connecting railroads, and should Lot bcgrudge fair