Wilmington daily gazette., 1874-01-14
z. z. Animal MeetlrGs.
THE wlLMIxcroN Z RrAplSc Il. +.

yesterday, at Coa;csyilc, IA. the annual
meeting Of the Wilmington n EcadnS Eall-
road Company was held.
The Old officers and Directors, with the ca
cepton of Hugh Steele, resigned, who was
succeeded by Robert Frazer, of New jersey
were reelected, as follows
President-RObert Frazer.
Secretary and Treasurer-Wlliam :. Hill
| les.
General Superintcndent--C: Stolz.
I Directors-Edward Brooke, Hester Clymer,
Charles Huston, i;obert Frazer, j. j.. Pen
mock, S. B. Worth, Edward Belts Joseph Tat
nall Irene Du Pont, Victor Dupont, J.. c.
Stots enburg, George W. Busli.
The annual report of the Secretary wRs pre-
sented and read It's substantially, rs iol'
lows
1he escss. OF y. i,.c,,d. "v-r expenditures,
exclusive tf lhltrcst aiid : Itc and local taxes
| was Sai $50 oi. The increase in receipts for
tile year 1919 over 1874, was S22, 123 As, or 10
3 .1ths per cent The failure of the peach
crop in northern Delaware and the break in
the Delaware Raili Dad occasioned Ivy the Hood
in August last, cut the company oil from any
receipts for the carriage of peaches, which has
heretofore been a considerable item. This,
added to the stagnation of the business Of the
country, after the commercial panic OF the
18th of September, greatly reduced our re-
ceipts during the last three months Of tie It's
cal year, and the ratio of increase for the
whole year was for these and other causes,
much less than for the first nine months of
the year had led us TO expect, Tho stockhol-
ders are informed of the completion of the
Reading branch and the material increase of
traffic which it is confidently expected will re-
suit from this extension of the rails. The
motive power of the company has been IN
creased by the addition Of two freight and one
shifting locomotive engines, and the rolling
stock by twenty gondola and twenty box or
house cars. The company has provided
workshop with stationery engine and lathes,
planes, &c, at Coatesvilie, so they are now
enabled to do their own repairs, at "a material
saving of expense.
Lir. Steele, late president of the company,
addressed letter to the stockholders saying
that the claims of his own private business and
the increased duties now demanded OF the
president in consequence of the extension 10
Reading, will oblige him TO decline re-elec-
ton to the post which he has he'd for the past
six years. The company ale enabled to secure
the services of Mr. Robert Frazer late Pres |
dent OF the Camden and Atlantic Railroad, |
gentleman of large experience and euvlaD!c |
reputation as an economical ana successful |
railroad manager. Under his management |
the enterprise may be expected to reach the |
esuccss Which its important position entities it |
to attain.
The WEST CHESTER q PHILAnELPHIA RAIL-
ROAD.
The annual meeting of the stockholders |
OF the West Chester and Philadelphia Rail- |
road Company was held ON Monday morn- |
ing at the Office, No. 3ll9 Chestnut street |
West Philadelphia, when the following OFF
GERS were elected to serve tor the ensuing |
year -
Prcsdent-Edward Hopes
Managerial. Baird j. Edward Farnum, |
Dennis b. Kelley, Albert Z. Roberts, Sam
uel Riddle, George Callaghan, Charles Fair |
lamb, Lorenzo Beck, Samuel J. SharplesS.
Treasurer-T. ii. Hall.
Secretary-A L. Smith.
AudtOr--A. ID. Sharpless.
The report of the operations of the company |
for the year ending October 81, 1873, states f!
that while the results of the year have not |
been as satisfactory as the early season prom
lsed, owing to the general depression in all |
kinds OF trade. there has been, notwthstand- |
Ing, gradual increase each year over the |
past.
BY the treasurer report the gross
earnings for the year ending Oc-
tober 81 1875 sol, 441 81
Gross earnings for lo13............,.. 339 939 o.