The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-02-08
CITY INTELLIGENCE.
sCHUYLKILL NAVIGATION.


CompSSy-kSadIns of Annual Report.
The annual meeting of the Stockholders OF the
Schuylkill Navigation Company was held at
their Office building, No. AT Walnut street. to-
day, at II o'clock A. N. The President Mr;
Frederick Fraley, presented and read Lne annual
report, from which we abstract Lne oS 5So te
The total tonnage carried was SoS, foS TONS;
coal tonnage, COS, $40; miscellaneous artcieA
2S3, SEQ The coal tonnage was 2S4, ,6Sl tons less
than that of 1868; the miscellaneous tonnage
4167 tons more than that of 1868.
The income during the year from tolls .o,
unn.a mus' ., roai oatote and onice - 30 40
Tolls on Union Canal trade ............... SsoeIe
Interest ACKNOWLEDGEMENTS. 1,76s 50
Balance Balance due by Philadelphia and Reading
Railroad on settlement Of accounts ..
under agreement OF 1854 ................ SLOWED
Total, $500, 1880
The current expenses OF the year were. s9Sa,si335
Divided as follOws:- ..
Car and landing expenses ............... 1O,l4SOS
for boats 152, ,4oOc4
rpowing boats .........,. 132s243
IInion Canal Co for its share of tolls.... 1,61711
Total .S449, ,s655l
Balance applicable to the payment OF interest and
sinking fund, S447, ,1O0'30.
Interest payable on notes, bonds, and loans of the
Surplus beyond payment Of interest and expenses,
s3O73'59.
In reference to the drought the report says,
In the latter part of July and the beginning OF
III.
Schuylkill, not at all unusual at that season,
we found il necessary to call upon the city OF
Philadelphia for compliance with the terms OF
the contract under which 1t has the right 10 use
the water power of the dam at Paramount Tor
pumping water into its reservoirs.
Our requests were partially complied with,
and the navigation was not very materially IN
terfered with until the 11th OF August, when the
agents of the city positively refused to close the
inlets to the water power, and also drew down
the water in the dam to point that rendered II
impossible for loaded boats to pass. On the
14th of August the steam pump and machinery
owned by the city was so mach impaired that IL
could not be relied on for its usual supply to the
reservoirs The city was in great peril on the
one hand from a threatened famine for want OF
water, and on the otherin danger of destruction
of property by destructive confagration.
It's agents had done under the plea OF great
necessity what effectually interfered with and
stopped navigation below Manayunk. We were
powerless to close its water gates by force, and
upon it's agents assuming the responsibility. and
promising, so far as they could, indemnity, we
Welded TO what was considered "a temporary
necessity, and made every effort to remove that
necessity as speedily as possible.
Although every effort has been made to per-
feet an amcable settlement of damages, we have
been compelled to apply to the courts for the
arbitration of our claims upon the city.
An election for officers was held which re-
suited in the choice of the following ticket
President Frederick Fraley.
Managers-Joseph B. Townsend, John N
Hutchinson George Brooke, Charles w. Whar.
ton, Thomas T.. Lea, and Charles Baber, OF
Pottsville.
Treasurer-Charles w. Bacon.
Secretary-Wiliam M. Tilghman.