The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1870-10-27

The Baltimore american, of Thursday last,
says; The annual meeting of the stockholders
Ot the Western Maryland Railroad was held
yesterday at the Office of the Company in this
city. \ number of the Stockholders were
present. Mayor Banks represented the city of
baltimore, and Colonel George Sehlry, o.
llagerstuwR, represented Washington county.
The meeting was organized by calling Hon.
John Lee Chapman To the chair, and appoint
ing Abraham Stoner secretary. Upon the
call OF stock il appeared that s. jj shares were
represented, the same being a majority Of the
stock. An election for five Directors to serve
for the ensuing year was held, and the follow
ing gentlemen chosen: Isaac MOttGr and John
Melty, of Washington county Hon. Joshua
Diggs, Of Frederick county q. w. Harris
and Col. John X. L0ngwull, of Carroll county.
The annual reports OF The President. Secretary
and General Superintendent were submitted
and read. Two hundred and fifty copies we're
ordered 20 be printed for the use of the stock
holders, after which the meeting adjourned.
REPORT or TuR PRESIDENT.
Herewith are submitted, in compliance with
section Of the charter, th annual reports of
ID. Preston Parr, ESD, Secretary and Treas
nrer, and John L. Kguey, Esq, Supcrintend.
ent; the one showing The financial condition
OF The Company to be in a favorable positiUn,
and The other that Notwithstanding the general
depression in mercantile affairs and failure of
agricultural products, the revenue of the road
has decidedly increased, and that the decline
In revenue from freight has been OVerbalanced
Dy The receipts irGm passenger fare
Since your last annual meeting the City
Council of Baltimore passed ordnance No. II,
providing for the endorsement Ot 81, iO0, 900 Of
The bonds Of this Company, the proceeds there
OF to b. applied to the construction and com
pleton Of an Independent line from Baltimore
to WjlliamspOrt under certain specified restric-
tons and conditions.
The Board are happy TO inform you that all
the prov isiOns required By said ordinance have
been strictly complied with to the entire sa us
faction Of the Commissioners Of Finance of the
city OF Baltimore, and that the first delivery of
SlOO,O of the bonds has been made to the
Finance Committee of this Company.
Your Board has entered into contracts with
responsible parties for the construction of the
entire road from baltimore to Miiaiuspoft at
such prices as, in the judgement Of our chief
engineer, X. u. Osborne. Esq, will insure its
completion within reasonable time. 4 large
iOrce OF wOrkmcn have been actively engaged
upon The henFsiest portions OF the line since
August, and the work is progressing entirely
satisiacturily. The track is now laid nm, Ia
the MonOcacy, and the bridge superstructurc
across that stream will be completed in less
than two weeks, aud unless some unforeseen
difficulty arises, the road will be in running
operation to the town of Aechanicst0wn ~
the first of the year.
Your Board regrets to announce that on the
the pressure Of private engagements, ielt com
PEELED to resign bis position as President Of
the Company, and thereby deprive US Of his
valuable services. On the l7th of May MIR.
George NJ BOkeo, one Of The Directors on the
part of the city, was elected President. On
the 18th Of July the Board adopted the sugges-
ton OF majority of its Finance Committee to
request the bOndhOlders to fund the overdue
and unmaturcd coupons up 10 January, ls73,
IN an per cent. certificate, and are pleased to
report that very large portion OF the bond.
holders have consented To the proposition,
and there is fair prospect OF all complying
with the request
While eongratulating you upon the evident
improvement in the general affairs of the Con-.
pany and the favorable prospect, under an ap.
proving Providence, OF successfully compile
ting the entire line Ut road from Baltimore to
Niliiamsport by the period liked for your next
annual meeting, the Board desires to acknow-
ledge its obligations to Hon. X. +. Banks,
Mayor OF Baltimore, for his uniform kindness
and courtesy aud his hearty corporation and
assistance in all measures calculated to improve
the condition OF the Company.
They are also indebted IL the officers aud
employees for the energy and promptness dis
various positions.
GEoRGE NJ. DoxEE, President
October 49, 1870
REPORT OF THE GENERAL SUPERINTENDENT.
The report OF the General superintendent
was presented, aud, on motion, its reading dis
peused with. 1t shows the number of passen-
gers carried during the year to have been Il2,-
s6z, and freight in the same time, liz, lOI ,2gG
pounds also number of barrels of flour, 2s,-
jlJ. The further statement is made that the
trains have been running with regularity and
promptness, making their proper connections,
comparing in this respect iayOrably with those
of any other road running out OF Baltimore
remarkable freedom from accident is 10.
Dictated. There has been expended on repairs
Of the present bed Of the road during the year,
in new rails, crossties, ballast, bridges, de-,
the sum OF 81, Oll.16.
The gross annual earnings of the road
amount to Sl37, 60, and the expenditures
Sll 1920, showing net profit of s2G, 1880,
aud an increase over last year Of Ssj4.32. 1t
Is worthy of notice that whilst the income from