The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-11-07
CITY ALlasNC e.
Z. @. AND n. RR.


The annual meeting Of stockholders Of the Phla-
delphis, Germantown and NorrstOwn iilrodd
Company held this morning at l0% O'CLOCK, in
Handel ana Haydn Hall, Eighth and Green streets.
Mr. IL. l. cav was called to the chair and Mr.. Lewis
Elkin appointed secretary.
The following annual report OF the Board Of Drec-
tors read 10y the Secretary and adOpted:-
''The income Of the company during the fiscal
year ending September 30 1sI0, from passengers,
freight mails, etc, amounted To 500 455 "a exceed
ing the income of previous year 10y s2O1S a.. From
the receipts OF the year, after the payment Of all
expenses for maintaining aud operating the road,
and tonnage, nted States tax on dividends, state
tax on capital, two dividends on the capital stock OF
i've per cent each were declared, leaving a balance
OF e34 442 a. carried to the credit If contingent ac
count, exceeding the net income during the preVl-
"Ihe convertible oauo Of the company has been re-
duced by conversion into stock during the year from
"The Plymouth Railroad has been extended to and
connected with the North Pennsylvania Railroad at
oreland dhat road ana me buildings requred to
completed, and we believe that the income from
ina mporant branch will be satisfactory
Tables Of statistics, giving the returns in detail,
accompanied the report
The subject Of the proposed lease OF the p G. ~
N. X. II. to the Reading Railroad Company was then
taken up. The latter road proposes to lease the
Germantown and Norristown roads for the term OF
nine hundred and nnety-hine years, the Residing
to pay all expenses, TO Increase the stock 10
two millions, and pay annual dividends OF II per
per cent. on the stock so increased.
The terms of the proposed lease were then read.
After the lease had been read, Mr. Samuel ESin
Rceoiced That the resolution passed by the Board
Of Managers their meeting to-day in reference to
the execution OF the lease and supplement- recfed in
the minutes of the Board be ana the same are mere.
by ratified, confirmed, and adopted by the stock
holders OF this company the said resolution referred
10 being IollOws:-
Resolgcd That the President De aud he is hereby
authorized, for and on behalf OF this company, to
afX the corporate seal of the company to the said
lease, to cause the same to be duly attested by the
Secretary, and to duly acknowledge and deliver the
said lease the act ana deed OF this company, and
that the President be further authorized TO do for
and on behalf of this company whatever, in his
carry
out the true intent and meaning of each and all OF
the provisions of the said investment.
1t was moved that this resolution he laid upOn the
table until the stockholders nave an ample OppOrtu
nifty to inquire into the subject.
The lease was objected to on the ground that the
ROAD is already earning more than the Reading
ave ppr cert in the stock is no more than an
equivalent for the yearly surplus earnings Of the
company. Il was also thought that If the Reading
RAJ road got control of tue road no changes in
trains would be made 10 suit the convenience Of the
travellers when they were wanted f. was sa' d that
nothing known OF the subject until last Friday,
and that the stockholders ought TO have notice.
the board for year, but they could not obtain any
Thing definite from the Reading Company until
Considerable discussion took place as to the de-
STABILITY OF pOstpOnng the subject.
Mr.. Henry NJ. Philip in behalf Of the President
and Board, said that there opposition
posponemcnt, but they hope the time VIII be short
one. He said that though the company had really
cent on the present stock is not seventeen per cent.
on the stock as 1t will be increased. The Reading
of December If agreeable to the stockholders. Mr..
Phillips then explained the terms OF the lease in
detail and explained the advantages to both parties.
The motion to postpone was then put to a stock
vote the subject TO come up before special meet
the 18th of November.
tiOn the result OF the vote being declared it was
found that 543 had voted in favor of the postpone
ment and l1S6 against 1t.
The resolution to accept the lease was then
adopted by unanimous spoken vote.
The meeting then adjourned to hold an election
for four directors The following gentlemen were
elected :-Willam Harmer, VIM. II. Hart, Joseph
swift, and Charles Ellis.
ASSAULT AND BATTERY CAsEs.-Joshua Murray
tcooreD went into beer saloon on Coates street,
above Fourth, last evening, and assaulted German
without any proyOcatinn 4 policeman was called
in and Joshua was taken to the Seventh District
Station-house, when, after hearing before Alder
mas Cahill, he was committed to answer.
Jacob Mecke residing in GlenwOOd street, was
arrested on Saturday for committing a violent
with him because he beating one OF his children
most numerically the day before. Jacob was held
10 bail by Alderman Cahili.
REsCUIEG PRIsoEERs.--An N individual named Albert
Skilt0n was arrestedin Mount Airy by Oieer io ward
yesterday for attempting to rescue a prisoner lie
had a hearing before Alderman Good, and was
held in $500 bail to answer.
Louis OdenbaCh was arrested in the same place
npon similar charge yesterday. He struck Police
man Ederton and attempted to take prisoner
from him. Louis was held TO answer by Alderman
Good.
AT A MEETING OF the Directors OF the National
Railway Company, held at their o!lce III this city on
Saturday last, IL was UNANIMOUSLY resolved 10 Ia
Vite proposals up TO the 25th instant, TO build the
several connecting roads in waOle or in sections,
between Philadelphia aud New York. The length
of the connected lines is eighty six miles, and the
whole is TO he laid with steel rails. The work is TO
be commenced az once and prosecuted vigorously.
SCHOONER RoBRED-On Sunday morning the
schooner Abbey l. Dow, lying at pier 40. 10, Rich
mOnd boarded by thieves, who, breaking open
the hatch, VT Mt below and stole 15G fathOms Of
3inch line, 100 iGthOns Of 2inch llne al the maiu
she ets and a section OF hose. The property was
valued at $500.
LARCENY CAsE.-Nary Evans and Mary Boston
were arrested on Saturday morning last upon the
store NO 1892 Callowhil street The stolen property
was found in their possession. Defendants hat a
hearing before Alderman PancOast end We're held 10
answer.
SUPPOSED STOLEN PROPERTY.-On Saturday morn
tDg boats crew NO. :, or the Sch1y.kill HarDOr
Police, while passing up she Schuylkl, noticed FOUR
men at ChesnuJ street wharf with set OF sails IN
their possession. AS the officers advanced the men
dropped the property and ran. The sals are sa D.
posed to have been stolen.
REV. ALEXANDER REED will describe Italy, its
history, government people, manners, customs
scenery etc, at the West Arch Street Presbyterian
Church, tomorrow evening. 1t will be an interest
ing lecture, and should ensure a crowded church.
DR.. Reed is one or our most popular and eloquent
diVines, ana always attracts large audiences.
A BAD HUsBAED.-On Saturday evening James
Free residing at 30. 1910 Struthers street, as
sauted his WlTe and threatened 10 Kill her. He had
laTge-sized butcher knife IN his hand at the time
policeman was notified and James was taken into
custody. He had hearing before Alderman Massey
and was held in $500 bail TO answer.
ALDERNENs FIHEs.-The City Controller has ac-
knowledged the following receipts OF fines, etc.
from Committing Magistrates for the month oi
OctOber;-Alderman Nrill, s32; Alderman GOdAou