Delaware tribune. [volume] (Wilmington, Del.) 1867-1877, 1868-03-05
s44O,2o7.37
Deduct operating expenses charged by
Lesseos, (the p, W. u B. X. R.)
1929, $500, and interest and rent.
s93, 3,393.47, 4.
l22,971.4s

Deduct operating expenses charged ny
Lesseos, (the F., w. u u. X. R.)
s93.s9s. Al. $50 l2297I4s
Balance, $l7,235.89
Charged however, in the operating
expenses, is s10,657, for extra weight
of new rails laid, over that of rails
taken up,and 1921 80 for rails on Kent
County Branch, making S1O,97S 80,
which should really go to the con-
structon account, instead of the ex-
pcnse account. Deducting from this
81 2,400 the expense of rebuilding the
Harrington water tank, and there is
balance, OF added value To the be-
iongings Of the road, of ss,57s so
Which added to the actual cash bal
ance makes the net earnings over
tercst. and rents, S25, ,s14 GO
This amount will be adjusted between the
lessons and the lessces in accordance with the de-
cison of the Chancellor of the State, us To the
Interpretation Of tue contract under which the
road is operated.
The report further SAYS -" The general busl-
ness of the road has been good, aud its future
prospects were never encouraging as now.
The new through route via. Annainessic and
Norfolk, has done fully its share of business, but
the great growth Of the road is, and Will be, from
It's local resources 1t now has as tributaries, tho
Eastern Shore Railroads the Salisbury d Berlin
Railroad, now nearly completed the Dorcii, ster
IL Delaware Railroad, now under construction
tilc junction ~ BfthkWuttT fhllTbutl. nllsutu W
Georgetown the Smyrna Branch Railroad, md
the Maryland ,S Delaware Railroad finished to
Rdgely, and will have shortly the Queen Annes
County, aud the Kent County Railroads uniting
at or near Massey Gross Roads, with branch
OF the Delaware Railroad, to be built to that
point. Thus 1t will be seen that the Delaware
Railroad will soon become Trunk Line for all
the roads OF the Peninsula"
| The value of the Sinking Fund, January LIST,
1868, was S11 j6, being an Increase oil S99S2,-
O5 during the year.
The report of George Warner, Esq, Resident
Engineer. shows that there have been put upon
| the road during the year ending October 3lsf,
| 1867 11751s tons of new rails, weighing part 80
pounds per yard, and part 56 pounds per yard.
| There have been sent from the road to rolling
mills 1j2 TONS, and relad in sidings on the Della
| ware and Eastern Shore roads 129ls tons.
| New sidin9s have been laid during the year at
CLAYTON, Moorton. Armstrong; s, Reeves Crossing,
and Townsend, and sidings extended ut Willow
Grove, Dover, Camden and Middetown. The
| total increase Of length for the year has been
| 6102 feet.
In addition TO ordinary repairs of bridges the
| Highway bridge the railroad at Seatord, the
bridge over Bacons pond, and small bridge
| near Townsend Station have been rebuilt. The
improvements in Seaford and Middletown water
| stations, commenced the year before, have been
finished and new water stations built at Dover
| and Harrington All the water stations on the
| Delaware Road are now worked by steam pumps
aud all have brick houses except that at Seaiord.
| Inc paseciipcF eitiOu stt ipWHsNhb hne pNN't
completed; also, small dnpots built at Mount
Pleasant and Willow Grove. granary has been
erected ut Mount Pleasant, and Que at Smyrna,at
the terminus of the branch to that place Largo
| wood sheds have been built at Middletown. d.
YER and Harrington, and turn-tablc at Town
send, the proposed terminus of the Kent County
(Md.) Railroad.
The Company has acquired during the year ad.
diona land at Mount Pleasant, ,Armstrong's and
Middletown; also, ground for a new station to be
enlled Plymouth at which point parties have
erected a small depot and given It to the Rail
ioad Company.
The bridges and culveris injured by the frcshel
of last spring have been replaced by more sub
staulial structures, some OF which, at tue cate
Of the report, work was still in progress.
Mr.. Warmers interesting report is followed by
the financial statements OF the Treasurer, OF IN
terest only to stockholders. These again are iol-
lowed hy tables showing the freight and passen-
ger traffic. OF the latter we have already pup
iisbed n complete and comprehensive abstract
while of the freight business we shall speak more
fully hereafter.
The proceedings OF The stockholders meeting
prcsent little of general interest beyond the cleo
lion of officers and directors, the names of whom
we have already given, the old Board hayint
been reelected.
.The Eastern Shore Railroad is really contina
uaiipn Of the Delaware Railroad, and both are com
monty spoken of as read. but all that portion o
the main line. SoHth of the Delaware State line, be
longs to auether corporation, the Il. s. X. X Co.