The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-01-12

THE p. w. & B. r. r.

The ANIMAL Meeting Of the stockholders-
Changes In the Board of Directors Report
ON the Operations Of the Road Daring tho
Past Year.
The annual meeting Of the stoekholders Of the
Philadelphia, Wilmington, and Baltimore Railroad
Company was held at Wilmington, on Monday after
noon. The election for directors to serve during
the ensuing year resulted in the choice Of the fol-
Isaac Hinckley, OF wilmington; s. N. FELTON,, OF
PENNSYLVANIA; William Sellers and Samuel Welch, OF
Phadslpha Jesse LSne Joseph E5ngnsrS Tnoa 1ao and
Enoch Pratt, Thomas Donaldson, Thomas Whit
uide, and s. N. shoemaker, OF Baltimore Jacob
the ietiring members Of the Board are Frederick
A. Curtis OF Newark, Del J. i. Cohen, Jr, and
Columbus o'Donnell, Of Baltimore; The names
added are those OF Thomas Whitside and s. M.
shoemaker, Of Baltimore, and EDWARD Austin OF
Al the meeting of the new Board Isaac Hinckley
nnS a Wopner. secretary and Treasurer
The annual report OF the Board OF Directors, show
ing the operations OF the road for the year ending
stockholders. by this the receipts OF the Fhiiadel-
phia, Wilmington and Baltimore Rairoad are shown
ana Frenchtown Road s77 ,ss6'6i making total for
both roads Of 81, ,e4s 1892 The expenditures Of the
Castle and Frenchtown sl4,lg2 ts, making total
expenditure for both roads Of 81 s46 1I446 leaving
from the Delaware road, ss, 7424s making the net
earnings for the year ssO6, Ioe9i Out OF these
earnings two dividends Of four per cent each were
paid amounting to s7T6,i511S. -
The passenger receipts were over per cent larger
than those OF 1s6s and the receipts for freight, ex
press etc. over 12 per cent larger. The gross earn
fnrs from all sources were over per cent greater
than in 1868 and the operating expenses were over
le per cent larger. The increase In the operating
expenses is wholly due to repairs, and but for this
Would have been smaller than in the previous year
An Unusual number Of steel rails and new cresstes
laid during the year sweled the repair account In
relation to steel rails the report says:-
'he additional experience gained In the use OF steel
rails confirms previously expressed opinien that true
non rails OF over thirty miles laid with English steel
rails upon your road not rail has been removed Tor
any and but two American steel rails out OF
than thousand, have shown imperfection
rails be bought for delivery in 1870 at
but twenty cent advance the cost OF best
difference cost Of iron and steel the purchases of
rails for renewals Of tracks will probably cease
The business OF the Delaware Railroad afforded a
prOt OF nearly $85 000 The prospects OF the Della
ware Railroad continue to improve. The peach
crop of the peninsula larger than ever before,
although large area OF territory was entirely un-
productive on account OF late frosts The quantity
OF peaches brought upon the road from the penin-
euiar roads amounted to about two millions ef
baskets or four thousand car loads Most OF the
peninsular railroads are furnished with their car
equipment from this company. The report alludes
TO the interruption OF travel for seventy hours by
the mood last october, but says but small inconve-
nence to the public resulted toerably direct route
having been temporarily opened via the Chester
creek and West Chester and Philadelphia Railroad,
without change OF cars