, 1874-05-07

CLEVELAND, O.. May 6.-The annual meettna
OF tho stockholders OF the Lake Shore / Anchi.
Ean Southern Railroad Company was hold to.
day, and the following Directors elected: Corne-
Aus Vanderbilt William Il. Vanderbilt, AguHtua
schcll, Samuel +. Daraor, and Eugona N. Robin
bon, Of Nov York; Henry B. Payne, Amasa
stono, Jr., and stilman VIII. OF Cleveland; !;
William L. Scott, Charles III. Reed, John A,
Tracy, OF Eric, Pa: Albert Keep, Chicago; Will
lam Williama Buffalo, NJ About $50 Zoo 900 Of
stock were voted on. This Donrd organized by
G1e-olecting all tho present officers except the
Treasurer, james Il. banker. Edwin u. Wor-
gester. Of New York, was elected Treasurer.
The oi1lco Of Second Vice -Pzeeident was created
William Il. Vanderbilt was elected First Vice
RFesident, and Augustus schell, tue present
ce-preaidont, was elected Second Vice. .presi-
dent Tho following Executive Commi.too was
elected: Cornelius Vanderbilt, William Il. Vau-
oerbllt, Augustus Schell, Samuel T. Barker,
Eugene Robinson, New York.
TIE ANNUAL REPORT,
At tho meeting President Cornelius Vander-
but submitted tho annual report for tho your
ending Dec. u. 1873, from Which the following
Is MI extinct:
The Company owns branches rs follows:
NNes.
EyFH, g. i; Ssndsiy, to MsGur; ijanctca ~
Toledo, O. to ,.Es1iii Es1isri, Ind. Iii Line; saH
Atri-n, Alich., 10 Jackson Mich. 4e
Atfian, Mich., to Monroe, Mich. ........,.,,,,3 90
Tho following roads are under separate orean-
Eallons pat t4o capital stock theroof Ia wholly
owned by the Company:
The Detroit. Monroe Toledo Railrosd-e1tena-
1ng from Toledo, IN tle State Of Ohio, to tho
City Of Detrot in tho State Of huchlgai.. IS
The kalauluzoo h White Pigeon Raiiroad-e9-
sendlng from White Pigeon, Mich, to Kalama-
Tho Norshesn Central Michigan Rarosd.ex.
tending from Jonesville, Mich., to Lansing,
Tie following road is operated by the Com
pa1ly under leaso
Ill., ,,..,., .,, As2ts.
-e1tendlng from tie City Of Erie, In tho State
q q tsnnaylvanin TO tie City Of Cleveland In
the State Of Ohio. .......,..............,..9 9S
:, Ine Company has large proprietary interest
~ n, taia Ioau, and operates it under loaao at 6o
per cent Of the earnings.
onder contract With tho Cleveland, Colum-
BUS Clnclnnati l. indianapolis Railroad Com
Rahy, this Company has tito right to uao their
Itaek' between Cleveland and Borea, {twelvo
1ena! OF s42 006 for sixty trains per week: tor
"uy s1alls oevond that number, S8 per train.
THE AoonEaATx LENGTH
OF tho a9etom OF roads operated bY the Com
~. S,aung rna,h Ivy miles Of leased road waa
Inc hYesase numbar Of miles operated by tho
Company was, In 1873, LIZA miles. oarti,.;s urr
mule. YlGs2a; ana, n 1872. LOCI mules, earuii;gs
PcA auac 24ttooA: Ino whole number Of miles
OF q; Ia'lroad owned mud loased by tho Compauy il
FINANCIAL
The capital stock Of tho Counarv Ia s,rn mn
o00. or this Hu,a, S533, 800 ia tbo II, mr. can,t
guaranteed stock Of tho late blichipan Hnnthorn
End Northern Indiana Rail.oad, 81 tIna "tnai,
E350, 600 Ia "nBsonted," aud $l82 ND IN ,,uoa'
sentcd." Tho bonded debt OF lie Comnanv n
stood 9t tue close q TUG year 1878. $40, ,1s5@t @ oo
auu Dec 81 d6 1872, s2a.s71 900. making IN
increase 3 Of ab,22i 900 In the bonds Of i8ao
Ihls 1ncEeaso yielded to tho Company 81. .Yo5
2a5.23. Tho funded debt of the COMPANY a.,'d
TUG annual charge for interest tleloon. Ia ~
folloWA: Lake Shore d Michigan Southern
SSu.l9o QUO interest. per cont, $2,1l3.05n
Detroit, Monroo l. Toledo $D24, 900; interest. i
I,or cent, ;sG4 $50. Whito Pigeon & KaIumazoo.
S, $ooo oeo; interest, aud 9 por cent, s44,O00..
tor lntorost, 32,212t890.
EAlNlN0s-1870.
From freight lO2 500 n
tEoia paakeugrra. ACKNOWLEDGEMENTS. 46gy.719 ii
Tfoa AL etHsr sourcaa.."........-..... 852,39O Is
loial.' ................ $50, III, 500 %
Operating oxponsca nnA taxes-70 9-l0
per cens."...... .................. 13,7io,6as 81
o,,,,e. Ne1 sarn!ngs: otG7s1o "a
pIYldeNd-l0 per ceut--v4
GuaEaAsteu stock. $500 90
------ 2,0ss 500 IT
Lcnv!nR for tho atockG Lilo per ceut & au13J,0 IL
Paid dividend Aur. l-A ter Gant 1't7u nin m