The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-06-05
Annual Meeting or tho New Jersey Railroad
and Transportation Company.

and Transportation Company.
SPEECHES BY CHANCELLOR wALwoRTH, J. p. JACK
SON, ESQ.,, AND OTHERS.
The annual meeting OF the stockholders OF the New
Jersey Railroad and Transportation Company held
yesterday at the Hudson House. in Jersey City, the fol
lowing gentle acting officers Of the meeting
Ayres Esq, OF Railway, N j., President T. A. Hartwen
of Morrstown and Wm shugard, Of Newark Vice Pre-
sidents; Walter Rutherford of Belevle, and Henry
Southmsyd, of Jersey City, Secretaries.
The minutes OF the last meeting being read the polls
then opensd for the election of directors the
suing year. pending which the annual report the com
psny read by John P Jackson Esq Vice President
and General superintendent Of the company. The docu-
ment was very lengthy one of which the Is
brief abstract:-
The report sets out with stating that upwards of two
millions passengers had been transported the
road without injary during the last year making The
whole number more than twenty millions since the open
ing Of the road ct whom had bsen injured In life
limb while in the
Casualties 10 perso walking crossing the tracks
not numerous in former years. 1t to be
regretted however that aud ceays caused
to the and trains by ountering cattle running
at large especially in the neighborhood of cities and
towns.
Since the report the double track to Railway had
been completed and it had bean used since
last The company intended to progress with tho
str1ction of the double track towards New Bruins
when more important improvements for the immediate
accommodation OF the public would be made in the pr
secution OF which the company were now actively en-
gagged.
considerable extent of the road had been ove,aid
with rail- during the last year, for which there
was paid out OF the surplus fund $751; 1874 81.
The improvements at the Jersey City ferry all in
state Of forwardness The erection Of the bridge and
railroad The direct route the Passaic river at
Newark of deferred until tho decision of the
United States District Court which 1t hoped would
he made next September. The embsnkments and dock
at East Newark nearly completed. The report then
proceeded at length to discuss the great benefit that
would from straigh enng the road and also the
eeptts that would arise from the connection of the
New Jersey road With those leading to the coal mines
The correction Of this road with the ak foot gauge
Central road at Elizabeth. provided Tor. The
Of the Treasurer for the first five months Of 1885, shows
comparison with the same period last increase
hsm way travel and freight, and AL other sources
oept from the Phiadepha Ines and from the New York
were s227 1ss is against 500 54s 7s IN 1855
There WAS another aspect in which the statistics of
the company should Be plated, deserving
fequ trains and low fares and where these
characteristics could be combined, the and the
eminently favored On Of the New England roads
trains regulated to Often but the passengers
were few as to require increase of price to pay
rense. The consequences of advancing the fare to
still further diminish the number of passengers and
hence there tin ued reduction of trains while
the charges were advanced The result OF their exps
rence had been that three cents mile per passenger
deemed the lowest remuneratng rate, and the
mutation stem had been increased nearly to de-
Strcy the system. II certain that liberal policy
always the best and would often stimulate sluggish
ness and ractivty into industry and enterprise It
gratifying circumstance IN the relations OF the New
Jersey Railroad 70 the population its line, that both
enabled to afold reciprocal compensation, and
thus nce each other 10 greater activity and usefulness
In conclusion the report said that itwas well estab.
lisbed principle abundsntly corroborated in England
and this country, that single corporation, with large
capital and comprehensive powers enabled to carry
out arrangements for serving the public satislac-
torily cally than if divided among several
companies; and when the service performed for a
fair compensation and In liberal spirit, the consolda-
ton Of capital secured more systematic and efficient
commodation.
The following are statistics comprised In the An
nual report Of the company made to the New Jersey
Legislature
REPORT.
An act respecting annual reports TO the Legislature OF
In obedience IN act passed February a. 1882 entitled
raj roed and other companies tho New Jersey Railroad
and Transportation Company presents the following report
January l. le5o
Capital ktock. ~, 1880 W
Fur ded debt Including e4s5 900, the
cost OF the property and privileges
purchased Of the jersey Associa en-. 100000 90
Profit and loss beir IL surplus earnings
expended in tie construction Of the
road 90 in paJ men Of The property
stated below. ........... .$l6bok3 "
Less paid for RELAXING tho
1E Dab n
Dividend, Let Jan, payable Is. Feb. T4,l0 %
Cast Pdflr o,rd 1DdE 0Aiy