Delaware State journal and statesman., 1866-01-12

this city, January 8, 1866.
- On motion of William S. Hilles, ZadOc
townsend was called to the Chair, and
Charles w. Rowland appointed Secretary
The Directors made the following report:
Ihe Directors report, that since their cleo
ton IN March last, they have given such
attention as appeared to be neediill. to their
duties. A considerable DELAY was experi.
enced in coming to an understanding with
the Directors of the Berks and Chester Rail
road Company, in concert with whom il was
thought TO be desirable to act, in procuring
thorough survey of the whole ground from
Wilmington to BirdsbOro' on the Schuylkill
River, A dcputation of four members of
TINS Board passed over the whole route of
the proposed road in the month of October
last, examining the ground carefully. and
consulting with the parties intrusied in the
proposed Improvement at many different
points, and particularly with the President
ana other members of the Board of Direc-
Tors oi the Berks and Chester Railroad Com
pany. They were much gratifed with the
strong interest manifested by many persons
IN the project, an interest which appeared
TO be Shared by the community generally
iiNlng along the proposed line, and to be
based upon n real want of the large mineral
manufacturing and agricultural interests of
the country through which it will pass The
enect OF this personal examination upon the
MINDS OF the committee was to convince
them more strongly than ever of the real
substantial value of the undertaking i'm
winch we have engaged; and further, of the
iae'' thal the business actually waiting for
the accopmodation of the road, and which
must he attracted To it from the first of lis
opening, will prove remuncratiye TO the
stockholders, almost, il not quite, from the
commencement of its operations as com
plete work. This opinion is based upon
actual data of the production and consump-
ton of the region trayerscd, and is shared
we believe, by all who have thoroughly
examined the subject, and are competent TO
Judge, including some whose experience and
knowledge OF Railroad business in general
entitle their judgment to great weight
These estimates, of course, are based upon
the expectation that the road will be ecouo-
mically, yet substantially constructed. all
useless expenses being carefully avoided;
ana IN particular that no step be taken To-
wards the actual commencement of the
work, until sufficient stock subscriptions
have been secured to warrant il. and TO
make it certain that the whole can be com
pleted without resort to the sale of Bonds
at a rulnous sacrifice. This evil the waste
OF the capital of the Stockholders by i'm
proyident and reckless financiering, has
proved the ruin of so many Railroad corpo-
ratlons, which if conducted upon sound
nnanclal principles, would have proved sue
cessiul as Investments of the money emplov-
ed, appears to the Board of so great mar
nitude that they deem it proper TO call tie
attention of the stockholders to il. and to
urge the adoption of policy in all our fu-
ture operations of resolutely refusing TO in.
yoVe the corporation in any expenditures
for construction, until the stock subscriptions
nave reached an amount that will secure us
against any danger of falling into financial
embarrassment or serious loss, in raising
money to complete the road Arrangements
were made, as result of the conferences
held with the officers of the Berks and Ches
Ter Railroad Company, to make a thorough
survey OF the whole ground, at the ioint
expense OF the two companies; and the sur
Feys were entrusted TO p. Brady, an engi-
neer OF considerable experience, and we be-
lleVe one TO be relied on as impartial in the
comparison OF different routes The Board
regret that as these surveys are not as vet
completed, they are unable, as they had
hoped to lay the results in complete form
before the stockholders at their first annual
meeting. They recommend that the Board
now to be elected should continue their at
tention to the subject, as well as to the pub
| llcatlon OF maps, and the collection and
ulgesting oil such Information as they may
be able to obtain bearing on the subject
and calculated to draw public attention to it,
On the completion of the surveys and the
receipt OF the engineers report they recon-
mend that the stockholders should be again
called together and the subject laid before
them, with view to calling upon our citi
zens and the public generally lor subscrip-
tons OF stock, sufficient to warrant the un
derlaklng, and secure the completion of this
important work.
On behalf of the Directors.
w. $. lIILLEs, Prcst.
WILMINGTON, JAN. s, 1866
The following gentlemen were elected
Directors TO serve the ensuing year;-Wm.
;. llilles, Joseph Tatnall, Samuel Harlan.
Edward Belts, Joshua T. Head, Lea Pusey,
James Bradford, job H. jackson and Francis
narry CHAs. w. HowLAND,
Secretary.
q, o. F-At a meeting of Washington
Lodge, No 3, !. o. o. f., held at their Hall
in New Castle, January lst, 1865, the follow
ing preamble and resolutions were adopted
IoMe ~. g. v q. officers aAd Brothers of
-, washington Lodge, No. 8, l. o. 0. H.:
SIRs AND BROTHERs:-
We, your committee, appointed to draft
resolutions on the death OF the wife and son
of our Brother, John S. Eckles, beg leave 10
offer the following:
WHEREAS, This Lodge has heard with
sincere regret of the decease of the wife
ana son OF our respected brother, John S.
Eckles. Therefore, he il
hesoteed, That We, as Il band of brothers
united IN the common ties which bind us
together, and more especially in the holy
bonds OF Friendship, Love and Truth, do
most deeply sympathize with our brother,
ana most sincerely deplOre the loss which
he has sustained by this atllictiye dispensa.
ton of Divine Providence.
Hesoteed, That copy of this resolution be
sent to Brother Eckles, and also published
in the Wilmington papers
IAs, n NJ. nousMAN, Com.
ROBERT DELLIN, I'm
WIN. HERBERT, hit'ce'
Gasette copy.
Thanksgiving SermOn.-The congregation
or Christ Church, Chrlstiana Hundred of
which the Rev. VIM. A, Newbold is pastor.
nave issued in neat pamphlet form the SER
mon OF that estilable divine, delivered on
last Thanksgiving day. Its an earnest and
manly review of the causes and results of
the late conflict of the nation with treason
andwill be read with interest by every mem,
Der OF the congregation,
Election Of Directors. s.-At the annual meet
ing of the Stockholders of the Union Ma.
tional Bank, held on the ninth inst, the fol-
lowing gentlemen were elected Directors for
the ensuing year-Edward w. Gilpin, John
IL. Price, Victor DUPONT, James c. Akin,
Henry DUPONT, John b. Porter, Edward
I. Bellah, Charles I. DUPONT, Jr., Benjamin
S. Clark.
A Word 10 Boys.-The Springfield Repub-
licaR says that in the winter Of 1865 there
were eight carrier boys employed to dis.
tribute that paper in Springfield. Three of
near Snringtield " VI