Delaware state journal. [volume] (Wilmington, Del.) 1870-1883, 1873-01-18

in more detail, the facts summarized In
that above were read, and the whole were
referred to the coming Board for publi-
cation.
The meeting then took a recess for
holding the annual election. 1922 shares
Of stock were voted all of it, with the
exception of few scattering votes, being
cast for the old Board of Directors, who
were on the Yeassembly of the meeting at
2 O'Clock, declared reelected as follows !;
Hugh E. Steele, Edward Brooke, Edward
Belts, Hester Clymer, Joseph Tatnall,
Charles Huston, Irene Du Pont, q. f
Pennock, Victor Du Point, j. l.. Pennock,
Evan G. Statsenberg, s. b. Worth, G. w.
Bush.
The meeting then adjourned.
The Berks County Railroad.
The annual report of the Berks County
X. R., Che nortbward extension Of the
Wilmington g. Reading) made at the late
annual meeting, shows that the receiits
during the year ending October 3lst, 1872,
were as follows
Received from stockholders on ac-
count of subscriptions to stock, .s92, 900. 10
Received from interest on bank a.
count and temporary lOana,........ 73l, 81
Sg3 $50. 81
The expenditures during the same period
were as follows, viz;
Engineering, preliminary surveys
and miscellaneous expenses. 81 6lO.2s
Land damages and fencing. 42fl.UO
Grading, bridges and traeklaying,- 45Os5.5l
Rails and sills,. ...........:...-...... lVU'O'lz
Real estate thOuses and lots IN
Bridgeport, North Reading),...... 1850 90
Balance on hand, deposited in bank, 24529.25
500 $50 81
During the Summer of 1872 owing to the
difficulties between the Philadelphia q
Reading and Wilmington q Reading Com
panies 1t was deemed advisable TO extend
the surveys below Reading SO as to make
connection with the last named road ut
Poplar Neck thus necessitating the cree
tion of two additional bridges over the
schnylkill.
The line will thus extend from this june
ton at Poplar Neck, crossing to the west
side of the Schuylkill river, thence recrOss-
/ ing to tho east side near EckeTt's Furnace,
and thence follow its location through
the city of Reading, as approved by City
Councils, passing to its terminus at Stat
| ington, through a pOpulous and highly
cultivated district, rich in agricultural
and' mineral resources. 1t traverses for
one-thrd its entire length in the immediate
vicinity of the most extensive slate region
in Eastern Pennsylvania, source from
which will be derived large traffic. The
furnaces now in existence and in prospect,
the vast amount of iron ore deposits, lime
and limestone, aud other industries, must
secure a large and growing local trade.
The saving in distance between Reading
and the Lehigh, and the large northwestern
traffic which finds its most direct route to
an eastern market through the valley OF
| tl,n 1 ..hferh trft IurUn1v fuprancp lie bugi
ness, commanding as 1t gill the traffic
between those regions. With all these
advantages, 1t cannot fail to be ultimately
profitable.
The first twenty-five miles from Poplar
Neck to Lenhartsyille were placed under
contract in the month Of July, and salts
factory progress is being made by all the
contractors, the work being already over
.ali finished, and il is believed track lay
ing may be commenced early next Spring
The balance of the road is also ready fol
contract, but the management deemed il
Lrudent to first procure from the laudhold
ers satisfactory adjustment of the lanC
damages, before placing the same undei
contract.
The cost of construction above Reading
will be comparatively light. No heavy
grading, few cuttings Of any consequence
and remarkably lew bridges, the materia
for which can be obtained near the place
for their erection.
The work on the schuylkill Bridges 1
! also rapidly progressing iron worl
and timber required for their construction
being contracted for, the timber beinl
already nearly all delivered.
Negotiations have been made with mos
of the land owners along the line, som
making very favorable settlements, som
releasing, others requiring little time
= leaving but very few to be adjusted b
litigation in the Courts.
The management has been much bal
I raised by the hostile feeling and action c
c the Philadelphia aud Reading Railroa
!, Company in compelling them to enter int
Il costly end lengthy litigation to maintai
=" the rights and privileges granted the
y through the city Of Reading by the Gil
" Councils, which may cause some delay
W. pursuing operations on the route throue
g the city. The case has baen argued befo
=, Supreme Judge sharswood, who up TO u
IL time Of present writing, has not given b
10 decision in the matter
y The BOARD has authorized the issue
y 81 500, 900 first mortgage bonds bearit
II seven per cent. Interest.
Of Philadelphia 6 Chester County.
er The work of grading the Philadelphia
u Chester County Railroad, notwithstandil
81 the bitter cold weather. is progressing We
n rapidly Mr.. Ryan, the sub contract
a near White Horse, Wlllistown townshi
has two pits already opened, one on L
b. property Of George W. Miller, the other
oil Stroug's, and expects 10 open two mo
Ut soon he has fifteen or twenty carts rea'
Al to work. At Sugartown, MessIs. Boyau
O'Bren have three pits opened upon d
OF properties of Mode Hall and Thomas
W. Cox. Near Newtown Square there is
OIL heavy force of men at work on the pro
w critics of John Horton, VIM. Rhoads Al
&c Samuel Galley. This Is under the dhrectii
re of Patrick Cosligan. The work here
lie very heavy, but great part OF the heRviC
ne has been completed. These sections COZ
prise the most expensive part Of the lin
De and Mr.. Sellers designs very shortly pr
er ting men to grading along the entire lii
az The frozen ground has to be blocked o
d; by iron wedges. This causes consideral
'e delay, which is not experienced in mi
Ill weather. We have had an unusually lo
IN continued spell of cold weather this whit
re but in spite of this the amount of wo
done is very satisfactory.
ST Delaware & Pennsylvania,
nd The annual NEE ing of stockholders
OF the Delaware ~ Pennsylvania RAilro
,er Company was held Monday in Drlawf
City, and large amount of stock W
he represented. The newly elected Board
nd Directors are
pit. William D. Clark, Delaware City; g.
he B. Money, Delaware City; VIM. Reybo
re- Delaware City 5. Minot Curtis, Ncwal
,ss John Pilling, Newark Strickland Knea
as Edmund Smith, George B. Roberts a
CHI Samuel T Bodine, Philadelphia,
in The last four gentlemen are prominen
connected with the Pennsylvania Cent
he r. r. Co.
,eu The reports of the President and Ire
to urer, showing the condition of the &c
ay. pany at present and its prospects in
ad- future, was very satisfactory.
be The tracklaying of the road is expee
rly to be finished the present week
llt. The new Board organized by re-elect
the VIM. D. Clark, President, Geo B. Mo
der Secretary, and John T. Williamson IT,
, ,Sa Philadelphia & Baltimore Central R
hat The annual report of this Comp
lch shows the following as the earnings Of
the entire line for the past year
the From Passenger Fare, sl30 S5s.'
" Freight, 6,j2l(
ion " Express and Mail. d,5i3.'
= of . Sundry Sources, 1870!
kill -
any Total secs, 514
the This being an increase over the I
city earnings of last year of S24, 3S3.G4.
..Nf..