Smyrna times., 1868-01-15
Smurna & Del. Bay r. r. Co.


After public notice, pursuant to the act of in H
the Stockholders of 1.-THE Smyrna d
Z Delaware Bay Railroad Company" held
heir annual meeting at their Office in Smyrna,
on Wednesday, the 8th day of January, 1863. Of
John A. Cavender was called to the chair, az
and Ayres Stockly appointed Secretary. Il
The Annual Report of the Directors, for the a.
past year, was submitted through George w. p
Cummins, President, as follows:
To the Stockholders of the Smyrna and Dela-
aoare Bay Railroad Company:
GENTLEMEN: year has passed, and
by authority of our charter we again meet Tor \
the purpose of considering the condition OF !;
the Company and elocting Directors for the en-
suing year.. -, $
Annual Report of its affairs, the undersigned
has to regret that all the operations OF the
Company have been of necessity suspended
during the year just closed. The failure OF our
contract with Mr.. DUNCAN, and his failure to
respond satisfactorily to the call of the Direct.
ors for the first installment upon the capital
stock necessarily had the effect to produce
total suspension of further operations. This
state of suspense, however, it is hoped, will
not be required after the present winter. A
renewed anxiety on the part of prominent
fruit growers, farmers and others, to avail
themselves of the manifest advantages offered |
by the new route across New Jersey to the
central market of the United States-New
! York-over our road, in connection with them
and with the Maryland and Delaware Railroad,
of which our road-of only nine miles In length
: is, perhaps, the most important portion, has
already resulted in most satisfactory addition,
al subscription to the capital stock; and 1t Will
require only about 500, 600 of additional sub
scription to justify the Board of Directors in
inviting proposals for contract to build the
Road. Less than that sum, it is not deemed
prudent to commence with, and it is hoped
J. that the whole deficiency will be subscribed
l. during at least the present winter. Can this
:. hope be deemed eXtravagant, when all the cir
" cumStances in which our community is placed
l. are recollected? We have but about nine miles
r of railroad to construct, which, it is estimated,
/, will cost not over 500 900, which, when finish
Is ed, opens to us direct through route to New
York without change of cars, as we'll as two
new routes, by rail- to Philadelphia, and es-
o. tablshes an open competition for patronage
is which must result in saving of freight and
ne passage charges equal to at least 25 per cent.
ne of the charges now exacted from our people
lis by the only existing avenue to market. In al
as dition to these advantages, resulting from oul
connection by rail direct with New York, ar
opening for our grain and fruits, viii! be es
,t tablished, by our railroad, with navigablt
ro water at point within easy reach OF ocean o.
[;l bay steamers, or sailing vessels by which Ou
he fruits and grain can be forwarded prOmptl
la0 and cheaply to all the markets, North an
"a East of US, independently of all other railroads
To effect this alone would be of sufficient IN
portance to a community like ours to insur
,s- its success; but when, in addition, we Otfe
- ed an advantageous connection with railroad
~ North and East, and with others South an
nav ner West, thus opening IA new great nations
NV thoroughfare over new and shorter rOu
than ever before known, can there be reason
NJ doubt that it will be accomplished? IfprOduce
,ots will estimate the cost of our Railroad in cor
con plete running order, and compare it with Il
t6n amount of freight payable and paid by the
'N0 each year, to railroads now in operation, /
but five years, they will find that the saving
on,- transportation alone of the productions OF Il
milf farm and orchard during those five years W
pay the whole cost of building our road. III
is not the place to submit a comparative Gale
.; lation and estimate on the subject, but eve
ssos producer can make it to his own satistactlC
If the transportation shall be reduced but oil
fourth, and it is probable the reduction will
much greater, it is manifest that every proc
ps, Ger, who sells fruit and other produce in I
!ant city markets, will save in the net prOcee
,ore thereof within five years a sum sufhci
aols' to repay him the full amount of his prop
and tionate share of the whole cost of the work
Foot propose to open to public use. This is no
1sed vapourings it is susceptible of demons,
ban, ton; and we therefore urge upon every p
~ On ducer, who is sufficiently near, to use
n of road, the Importance of its immediate cons
ont tion, and we trust the appeal will not b.
moke vain
! ton reach $4,000 or 100000 during the pres
1ong. winter, and we can safely promise that
me "a road shall be completed in time for the pc
are crop Of 1869; and by that time it is cOntide
cans. expected the connecting roads across New ,
xyxrytll ha rNloko ooI kla and hn
Il ali route to New York will be opened to trave
er;ng vast saving in freight and travel thereby eff
,vnIo, ed. 1t must be remembered, with peaSur
every one interested in this grand work,
pcbor Mr. LandiS, and other gentlemen from
he re- Jersey, visited our town to attend the
i nre- Railroad Meeting, and that their presence
N the speeches gave renewed encouragement to
,laved cause, may be seen by the many subscribe
heinz the stock since.
1s;des Our subscriptions have now reached
r. which is sufficient to justify the expectatiO
entire success in the work before us bl
:, has complete it will require the energythat c
ltorlal comes difficulties, the perseverance which
by Y. not admit the idea of failure, and the
cious economy which will husband tht
1 hd'- sources OF the company and admit OF nj
" the pense which is not absolutely necessary.
,ounty heI US then De al In eaTnesU anu le'
that he will urge his neighbors to subsc
lestcr- until the reouired amount of subscrptio
Kent the capital stock shall be secured this wi
ade at so that the advantages of the proposed
lenced route to New York may be made avallat
the earliest practicable period.
m saw By order,
Cedar GEORGE w. CUMMINs, Pre-
re oeil en- Smyrna, Jan. Sth, 1861
Loss The Annual Report having been read il
approved, and the thanks of the Stockho
~, rendered to the President for his volu
y DIu services to the company.
20 very The Treasurer made no formal report
ST. was submitted statement in writing to the
81 INST, that he held a balance of funds suffice
nt' MS provide for all the known liabilities oi
Company.
short On motion of Mr.. Clements,
months Resolved, as the sense Of the StockhC
lbs nresent.
That it is expedent for the Board Q
rectors, to be this day elected las soon
IF this least fifty thousand dollars shall be subsC
lphia a to the capital stock of the Company Il
brought ceed, without loss of time, with final arr
finest ments for the early construction of
d he is Smyrna & Delaware Bay Railroad" on
own in route as by the report of an intelligent