Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1863-03-07
Election Of Directors Of the Nortl'-
err Central Railway.

An election for directors of the Northern
Central Railway Company took place on
Thursday the 26th ut., at Calvert station,
in this city, which resulted i'll the choice of
the following named gentlemen William
Colder, Amos L. Kapp, i. G. Bidtlle, John
A. Wright, B. +. Newcomer, II. Welsh,
Fairman Rogers, Jos. d. Potts, Wister Nor
ris, Jacob p. Jones and John NJ. Kennedy.
Near $4,000 shares were voted, 1881 of
which were cast by the representatives OF
the Pennsylvania Central railroad interest.
The board was organized, and elected j. ID.
Cameron president of its body and the road
Gen. Warford, the former president having
declined q re-electioA on account of ill-hcalth.
Mr. Cameron is capital business man, ener-
getic and thorough-going, and will make
the best officer the company ever had.
Under his general supervision the road is
bound to prosper. We are gratifed he was
chosen for many reasons, among others, that
he is q loyal citizen to the hearts core.
The Board of Directors submitted their
annual report, showing that the earning OF
the road during the past year have been
81 ,920, ,G40.97, and the expenses $903,299.88,
leaving as nett revenue 1929, ,341.00, which
has been appropriated as follows:-
Payment of annual interest on
funded debt, $30S,49O 0C
Payment of instalmepts due
on sinking funds, No. 1
and Z, 10S,41O Gs
! Payment of the balance of in
| terest due on the annuity to
State of Maryland, 127,S67 81
Purchase of nine frst-class
freight engines, 1880 OF
Leaving a balance in the treas
ury Of 2s7,G22 5;
which will be applied to the payment il
full of loan No. s.
The Board deemed il advisable to pay th
loan for the reason, llrst-to enable them t.
establish sinking fund for loan No. 3,
out of the annual interests on loan No.
together with the annual instalmcnt of 10,
600 per year after loan No. 1, which fall
due in 1866, shall have been puid, to enabl
them to dispose of the real estate of til
company now occupied by the shops a
Bolton, which is incumbered by mortgag
given to secure loan No. 6, and which prop
erty will not be required for the purpose
of the road after the completion of the pre-
posed new line to Calvert Station.
In accordance with resolution Of tn
last annual meeting, declaring it the polio
of the Company to construct the Canto
; branch, the board have commenced til
purchase of right Of way property along tn
line of extension. 1t is expected that til
surveys will be completed and the work pu
under contract by the 1st Of April next.
the receipts continue during the preser
year as during the past year, there will
no difficulty in paying out of the currer
receipts for the work on the Canton eXtci
sion, and meet the large demands for IL
further improvement Of the road and i
equipment.
To meet the want of cars, the Board hi
contracted for 100 eight wheel horse car
100 eight wheel gondola cars, and 20 cigl
, wheel street cars, all to be delivered at a
early date. The General Superintendent
has been instructed to lay double trac
from Baltimore to the Relay House, seve
miles, under the ordinance Of the City Coul
! Gil, and the business of the road will 500
, render it necessary to extend the doub
track to Glencoe Station, 46 miles. II
connection with Sunbury is referred to, an
the services of the Superintendent, Mr.. i
. Barry, Master of Machinery, G. NJ. Levi
and other officers.
F All the principal officers are continued
Office, and that the only change made W;
) in the Observation-Disclosures Clipper.