The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1861-01-15
ANIMAL REPORT OF THE PHILADEL-
PHLA, WILMINGTON AND BALTTWOPE


ANIMAL REPORT OF THE PHILADEL-
PHlA, WILMINGTON AND BALTIWOPE
RAILROAD COMPANY.
A meeting of the stockholders of the Pbiladel.
phia, Wilmington and Baltimore Railroad Com
pany, was held in Wilmington yesterday. The fol-
lowing is an abstract of the Twenty-third Annual
Report, which was submitted by the President and
Directors. The earnings of the Philadelphia, Will
mington and Baltimore Railroad, for the wear end
ing October 81. 1860, were as follows: From mas.
sengers, $751; o57l; freight and express, S3l7,-
56S.S7; rents, ST, JOG. 90 mails and miscellaneous
S46,6l4.T7-making total of Sl,2lO, 59S. 55, to
which add S25, 999.39 as the earnings of the New
Castle and Frenchtown line, and the total earn
ings for both roads amount to S1,236, 597 "a. The
total expenditures of all kinds on both roads and
loss on Delaware Railroad, amounts to S764
$500, which deducted from earnings, leaves net
earnings for the year of S47l ,7l2.l9. The total
dividends paid for the year, 615 per cent amounted
to 1864 900, leaving the sum of Sl07 7l2.l9, as a
surplus.
From this surplus deduct the appronriat;on -
the sinking fund, which commenced January I
1860, and was at the rate of $40, 900 per amin
From January l, 1860, to October 81, 1850. a
period OF ~ months, this would be $50, 1888 49, On
the ZOth day OF November there was purchased for
the Sinking Fund $40, 900 of the bonds of the com
pany, due July l, 1874. OF these. S33. 333 a. wos
for the year ending October 81 1860, and the hal
ahce of account OF the appropriation to be made
In 1851. The certificate of the purchase and cam
collation. is appended to this report in accordance
with the condition of the mortgage. There re.
malns then an actual surplus for the year over all
expenditures, interest, dividends loss on Delaware
IA haiiroad, and appropriation to sinking fund of
From the tables showing the number of passen-
gers carried one mile, and the number of tons of
frelght carried one mile and from an apportion-
ment OF expenditures to each as near as the same
may be 1t appears that it has cost, including all
improvements, one cent to carry each passenger a
mile, and % 10 cents to carry each ton of frepht
one mile for the last year. These expenditures will
vary, however, from year to year as the business
increases, and as more or less liberal expenditures
the road.
The items of new work and improvements over
and above operating expenses, for the year are as
follows New track, bridges and fences S24 sos 80;
locomotives, l5,53l2 5 passenger cars, SIS $50;
merchandise cars, $50 SILT; stations &C. SlO-
lSl.Ol; wharf at Wilmington, 3,l5G.l7; making a
total of Sl04, $3.50. The number of miles run by
passenger trains during the year was 24s,G77 The
earnings per mile apportioned to foreign passenger
trains were S3.62; tapportioned to freight trains
SZ.0f the cost per mile for passenger trains was
Sl.29, and that for freight Sl.57 profit per mile
run by passenger trains 1874, and so cents by
freight.
The whole of the bonded debt due July l. 1860,
of So, 16l, 750.O5 has been exchanged or paid off
excepting one certificate of $780, which is held bv
a party absent from the country, and which for
that reason has not been presented for payment
Of the new loans, authorized by the stockholders.
OF S26O0O00 to pay off the loans due July l, 1850,
ana the two Improvement loans, one for Sl44 00O
due April l, 1858, and the other for Sll9 900, due
May LIST, 1863 there has been issued up to the pres
ent time S2,342, 600, of which $4,000 have been
redeemed, leaving outstanding SO, 800, O0O The
company owes no floating debt.
During the year there has been reaid II Is 100
miles OF track in relayiug which 800 tons of new
iron has been used, and there used in relay
adopted new rail, weighing 81 pounds per ward,
This rail is made of all re-worked and refined iron
The top bar in the pile is of the hardest and dens
est iron, and is ~ inches by inches, or of size
suihclent to form the whole head of the rail when
rolled out. The neck and web of the rail are
hbrous. The height of the rail is 324 inches, and
the width OF the hange the same as the height of
the rail. The height secures vertical strength and
stiffness, and the width of ange resistance against
lateral pressure. For this improved rail they pay
an extra price of five dollars per ton, and from
present appearances of its wear it will prove a.
profitable investment. They still adhere to their
opinion that good quality of iron is better attained
by the adoption of light than heavy rail, both
from experience and observation and for the rea
sons expressed in the former reports
The whole cost of accidents to machinery and
track Tor the year was only Sl,l10.S7. In re-
ference to the use of coal as fuel for locomo-
yves, the President, Mr.. FELTON,, speaks in the high
est terms Eight coal burning engines were in use,
and the average cost of coal for each mile run was
six cents, and the average cost for running wood
burners was fourteen cents per mile. The amount
OF tonnage on the p. W. & B. & Delaware roads
during the year is as follows:
On p. w. B. R.R., 1877 500 ,69l tons.
On Delaware, 76,2l9,455 tons.
The amount of lime carried.
on w. B. R. r., 1l6,4lO bushels, 9,3l2, 800
pounds
On Delaware R. R., 284, lib bushels, 22,729, O4O
pounds.
Total, 40O,523 bushels, 1904, $40 pounds.
The amount Of milk carried on Philadelphia, Will
Ions. D.