The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-06-05

Annual Meeting or the New Jersey Railroad
and Transportation Company.
The annual meeting the stockholdsrs directors and
scs Of this body held yesterday forenoon ct the
once q the company In New Brunswick, New Jersey,
when ne Importance Of the business hand combined
with the sxtremsy favorable state Of the weather. drew
forth large number Of those interested In the pro-
csedngs. large delegation from the New York and
Jersey press also present.
At q quarter past eleven O'Clock, DR.. GoBIz moved
that the Hon. Daniel B. Ryan Of Monmouth, N. j., do
take the chair.
II was carried nm animously
The Hon. John Black, of Burlington county, and Mr.
Stout Of Mddiesex, appointed assstants to the
chair.
al. southmayd, Esq or New York, and Charles 8.
Muenet Esq, Of Newark, N j., were chosen secrets
ries
Immediately after the organization, the minutes OF
the last meeting Of the stockholders read and ap
proved.
the following gentlemen, any two of them, were
appointed inspectors to the election Of drec
tors Of the company:-Msssrs G. R. Chetwood, A. G.
Thorpe c. 8. Macknet J. w. stout, J. Van Arsdale c.
y. Day, J. p. Pennington, and J. G. Gobls.
The polls were opened at eleven o'clock A. N.
Mesms. HutchiDgs, Gobe, Dodd, Jr, scheuck and
Geddes appointed committee to arrange for an
entertainment In the afternoon.
John P. jackson, Esq, Vice President then read
THE ANNUAL REPORT TO THE STOCKHOLDERS
1t showed thai the affairs Of the company were in
fourshng state and that the late monetary crisis had
passed them scahsiess Over eighteen million Of people
had been carried ON the road from its commandment,
without accident having occurred in the Some
people had been killed BY incautiously walking
the track in defiance Of the rules Of the company
and the vigilance Of their employees care had been
taken in forming good stone ballast bed for al extern
the summer; to all the employees the thanks Of the
beard are due, but more particularly to the remen at
Jersey City, TO whose s.erons they are indebted for
fagraton The Milestone and New Brunswick railroad
was completed in 1854 at cost of 900.
over 5000. milk market and garden produce
train had been opened and besides hensatting AL the
The real estate and water privileges Of the company
were very valuable, which was important item in
able VIEWS sV rec towards the Bloomfield and
New York Railroad, but aid should be given to other
could not give aid to extend the railroad to
west Bloomfield. The Belsvile road had been
recommended that undue ramihcation of roads be
avoided anc In no instance underi without the plan
having been approved Of 81 meeting o. ths socsnSd
last foundation need repair and improvement, which
will be done The dangers, delays and expenses Of the
curves at Centre street. sno ut the Morris canal at New
ark (being of 375 feet each) prompted the
board in view Of the early erection of bridge
the Patsaic river to yield TO the almost unanimous de-
mand Of the public for direct and perfect facilities
OF communication by apply ng for legislative sanction
dock The entire right Of way for this Straight line Was
purchased when the road first located and belongs
to the company. A bill passed both honses-in the
Senate by vote of Is to 9. and in the Assembly by
vote Of 81 to 2and lie the law Of the State This
law provides for the immediate erection Of the bridge,
also raised for that purpose
When the road interests, ard the numerous and
proposed improvement considered, only in the
more speedy communication of our cities and towns
large trade to and from Atlantic and interior Cities
embrac ng not only the important Southern lines but
trail and the Baltimore and Ohio railroad, It cannot but
regarded just cause of c,ngratulation. The line
will thus be ess bshed the Great National and New
Jersey route and imposes directors the duty OF
knowledgpg the patriotism and foresight Of the Legs
lature. The branch road and bridgc persecting the
junction of the Morris and Essex and the New Jersey
railroads have been completed at cos. Of 5000 900,
since the last annual meetngthe right OF way cost OF
vaducts and turnpike roads, the heaviest charges
A costly bridge was also heavy item Of expense.
The Advisory Committee report that they have at
posed roads to Bsllsyille, Bloom asd. and Mistons
diverging in branches from the Jersey railroad, and
have examined many msps and details thereof eau.
ton against entApghng alliances again repeated
The coat Of working the road during the year
HANGED, owing to the advanced price Of fuel.
The following statistics embodied in the report:
obedience 10 the act passed February 2th 1852 enti
lied act % 20 ths
ana port Company the
fsnsssy paid hs cos. 81 the
ksspesissl ............. -. 100000
Floating debt. embr acing receipts for other roads,
and balances of description, due LIST Janu.
psdJ ................ lOs596
Proft and loss being surplus earnings expended in
the property stated below :.. elS
Dividend lst January PAYABLE February 16a623
Total........... ACKNOWLEDGEMENTS 30j 3s5
Cost of Railroad and Equipments.
For graduation and masonry, bridges, superstruc-
tuJe iron, passenger and fresht stations, build
iDgs and fixtures, engine and houses, work
shops machinery al fixtures, engineering: land.