Maryland free press., 1866-11-15
{ csrrespoudenee Of he B.:!.!m9re San.l
yYEsrMrasrER, Nd, Oct. 81

WEsTMINsTER, Nd, Oct. 5t.'
Annual Netting of the Stockholders Of
the Western Muy Iiad Raitroad-AnaUa
report -Resynasioa Of Captaiss Ir'otn.
The annual stockholders meeting Of the
Western Maryland Railroad Company was
held here to-day in the court house. Theirs
was fair attendance J. X. Lohgwel.
ESQ, was chosen president ofthe meeting,
and Jos. Engler and Israel Rhincheart.
Esqs. vice presidents; Philip Slingluf
and James W. Beacham, Esqs., secrcta-
ries. The first business was tho reading
of the annual report Of tho president and
directors, which was read by John d.
Boyle, Esq, the regular secretary, on be-
half of Captain Robert Irwin, president of
the company, its author. This report en-
ters into the details of the business of tho
road during the past fiscal year ending
Sept. 80. The report was unanimously
adopted 1t shows the gross earnings OF
the road for the past year to be Sl10.785
gros receipts $S1 ,03l; leaving uurealizsd
$2S,S55. There is an increase of earn
ings of S, ,655, and an increase of expenses
of $11, 40S.
The report speaksof difficulties eucouu-
tered in consequence of the high price OF
of labor and materials, Notwithstanding it
shows fattcring condition of the company
and promising prospects for the future. Il
urges strongly the completion of the exten-
sion to Hagerstown, and the extension to
the Potomac, at Williamsport, and also
when an opportunity is offered to push the
work through to the Ohio river. and there
by secure an independent route to tho
great West. The delay in not pushing
the extension to Hagerstown is shown to
be in consequence of delay from an injunc-
ton laid in the Superior Court Of Balti-
more, at the instance of Mayor Chapman.
to prevent the contract from being given
out. The difficulties are now obviated.
and the work put under contract, to be
commenced in few days. An indepen-
dent connection with Baltimore, either by
the Gwynn's Falls Or Canton route, is
strongly urged as an absolute necessity.
The reports of Mr.. p. II. Irwin. super
ntendent and Mr.. Boyle, treasurer, were
adopted, after which the following direc-
tors for the ensuing year were elected:
Il III
David Seelcr, Samuel H. Seigler, Jas.
McDougal. All the above except Mr..
Seigler and Mr. Dougal are of the old
board. Their average vote was something
over three thousand. Messrs. McCubbin
and John w. Randolph are directors on
the part of Baltimore, and are appointed
by the city council. Mr.. McCubbin of
fered to vote the four thousand shares, re-
Gently subscribed by Baltimore, but it was
rejected, as not yet admissible by the
company's charter. After the vote was
counted and announced Capt. Robert Ir-
win, president, made very appropriate
address, in which he announced his deter
mination 10 retire from the presidency and
from again being candidate. He refer
red to his past labors in behalf of the work
aud his great anxiety for its future success.
and said his heart would always be with
its managers and friends. He believed
the road must, when completed, prove Of
vast Importance to Maryland and her great
commercial emporium. He also paid .
high compliment to the newly elected
board of directors, and thought no better
selection could be made ""
Complimentary reso' utio1s were passed
in favor of Mr.. Boyle, the secretary, and
Mr.. p. Irwin; superintendent, after
which the meeting adjourned. ..el
1t is thought that these new officers to-
gether with most of the other employees
Of the road, will be retained under the new
management. ..... ..... ..
The election for president will take
place in Baltimore at the first meeting Of
the new board, which will be lie ID in few
,i,yc