The New York herald., 1865-06-08
Annual Meeting OF the Stockholders OF
the New Jersey Railroad and Transpor-
tatiOn COMPANY.

The annual election OF directors for the New Jersey
Railroad and Transportation Company took place yoser
day at eleven A. NJ at the ocs OF the corporation, in
Jersey City The stockholders well represented and
the proceedings characterized by the utmost harmony
and good feeling The first business transacted that
of organization, which resulted in the selection of Hon.
Joseph Randolph chairman, Messrs John Moore,
of New York, and VIM. Edgar, OF Railway, vice pres-
dan,s, and Messrs H. j. souhmayd, of Jersey City, and
W. d. Chetwood, Of Elizabeth, secretaries
The report of the directors for 1884, then read by
Mr. Southmayd It was accepted.
This followed by the reading Of the report OF the d.
rectors for the last year Also by Mr. Jackson From this
document we learn that tho capital stock Of the COM
pany remains the same as for the previous year. the
funded debt was reduced $780, and floating debt OF
Sl45, 900 was incurred An additional track from New
brunswick to the junction with the Camden and Amboy
Railroad distance of three and onehird miles has been
laid, completing tho double track over the road,
at the Passaic bridge crossing in Newark New
car shops have been erected at Jersey City to
replace those destroyed by fire at East Newark. An
gnc house, capable of containing twenty four engines
has also been erected at Jersey City Nine first class
locomotives have been purchased and added TO equip
ment and eighteen superior passenger ordered Of
which twelve contracted for with builders in Jersey
City and Philadelphia and six to be built in the companys
shop II is contemplated to build reproof bridge
the Rartan river at New Brunswick, and to make other
permanent improvements on the line of the road These
expenditures have consumed the proceeds of the
road and $l45 900 added, which constitutes the floating
debt To provide contingencies the capital stock has
been increased to so 900 000 For this purpose and for
the payment of the floating debt bonds of the company
bearing six per cent interest have been issued having
ten years to run.
The receipts of road show increase those Of
1863 as follows
From passengers. $240 164 SO
From freight. 626S3 II
And decrease from miscellaneous sources OF S41 Is
The expenditures increased for the period fol-
lows:-
Maintenance of road bridges and buildings $40 o.
Repairs OF locomotives and cars 22277 90
Operating the road and transporting passengers
and freight, including office expenses. 6s,21S ~
Taxes and transit duty. % $40 III
The receipts for the past four years from freight being
follows:-
1860 ......... s10l 61o 20 1se3 $16l, $50 SO
1861 ...,. 81 097 81 1864. ........... 214, ,21& OF
1857. llO,39Z ~
Nearly -four million passengers transported last
year, making total of about fifty millions who have
passed the road without loss Of life limb to any
to this fact and they should be impressed with the I'M
portance Of Obeyng the rules Of the company order
TO insure their safety The report was made by
order OF the board by A. L. Dennis President and f.
holders upon notion referred to the appropriate
mittee
Tho report the committee appointed examine the
directors report for 1854 was then read
The election of tho next thing In order.
There was very little competition the following gen.
tlemen were unanimously elected
DIRECToRs:-
Dudley s. Gregory, Ferdinand Suydam,
Henry r. Remsen, Alfred L. Dennis,
Hamilton Fish, Martin A. Howell,
Abram o. Zabriskie, Nehemiah Perry.
George II. Chetwood,
The workshops were then examined by the stockhold
They afterwards took sail down the bay upon tho
ferryboat Jersey City,