The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-01-10

day in the company's office, No lO7 Walnut street
Mr.. Thomas Smith In the chair; Secretary, Edward
Armstrong. The minutes OF the last annual meet
ing were read and approved
The report Of the Board OF Directors, being the
seventeenth annual report, was read by the Pres-
dent, Franklin A. Comfy, and approved.
The report contained the following items:-
The earnings OF the fiscal year ending October 81,
1869, were 81, 1872 13 H. and were derived from the
following items-
FROM passengers &3S9,5t9oI
coal: .....,,...,.... .....'...... Ni,2054S
pig IRON OBSERVATION-DISCLOSURES ol,O5i Bo
through lumber. ............. 80. 27os1'33
miscellaneous local freight. ..... 261 ,410T0
through freight. IA, l,Il92l
mails. ........... 4,s0000
rent Observation-Disclosures. s,4S4O0
Total ,1s2, 78l IL
As compared with iscal year ending October 81,
1865 they show an increase Tor the year OF 1886 So
The expenses, including all renewals anu repairs
For maintenance of way.............. sloI, ,OO9 SO
For motive power OBSERVATION-DISCLOSURES. 1G9,56430
For maintenance Of cars. .............. 69,6sI3I
For conducting uanspOrtati sn 1l3,l6l 62
For general expenses .:.......'...'.'' VS'e4940
Total expenses ................... s6lo,2o5ai
Total earnings. 1872 79ll4
1otal expenses ...................'... $40,
Balance CT earnings .............. sl92, ,46sss
The charges for interest, United states
ana State taxes for the year were... 2I5, 169'7G
Net profit for the year 9O7
Being fraction under seven per cent. on the capt.
tai stock OF the company.
out OF the profits OF the past year scrip divi-
dend OF per cent. has been declared, convertible
into per cent bonds Of the company.
The real estate account has been increased
s2l4,7I9 G0by the purchase OF additional property
quired to better accommodate the business of the
road.
The construction account has been increased
s165,94324.
The double track between Philadelphia and AbIug-
ton was completed and put into use on the list OF
June
The equipment account has been increased
$780, 1876, 10y the addition of five first-class loco
motives, four flrst-cass passenger cars, and one
hundred and ten freight cars
The reports OF the Superintendent, Mr.. S. w.
Roberts, and the Treasurer Mr. William Wstar,
were read and approved. They contain the same
items IN detail that Of the President The reports
were ordered to be printed in pamphlet form for the
convenience OF stockholders
The meeting then adjourned for the purpose OF
entering into an election for officers for the ensuing
year. The following were elected
President-Frankn A. Comfy.
Directors-John Jordan Jr. j. Gilingham Fell,
s. Morris Vain, William g. Ludwig, EllwoOd Shan
non, Edward c. Knight Alfred Hont William c.
Kent, Charles w. Wharton, Edward Roberts.
The philadelphia and Reading Railroad.
At the annual meeting Of the stockholders OF the
Philadelphia and Reading Railroad Company, held
this morning, the following gentlemen were unani-
mousy elected officers Tor 1S70:-
President, Franklin B. Gowen; Managers. II.
Pratt Mexican, A. 4. Borie, II. b. Cabeen, j. p. Lip
pncott, John Ashhurst, Stephen COlwell; Treasurer
Samuel Bradford; Secretary, William III. Webb.
The annual report was also read.