National Republican. (Washington City (D.C.)) 1872-1888, 1875-01-14
THE AVENUE RAILROAD.
Meeting of the stOckhOldsrs-Prssidsnt'S Re


port.
The stockholders of the Washington and
Georgetown Railroad Company held their annual
meeting at noon yesterday In the compsny's Of
fee, corner of First street and Pennsylyania ave-
nue. northwest. An election Of directors, to serve
the ensuing year, was entered into and the fol-
lowing were chosen, the whole number Of votes
Maitby q. Lane, William orme, Gilbert Wander
werken, William r. Riley and George W. Phil
lips. 49,
Henry Hurt submitted his annual report. He
states that the total receipts from passengers
eSng n e ssst SEsr tbs AZ
54o.e5, and the daily average gain, S59l0A. He
states: The alarm-punch, which had already
ing street railroads In Boston and other cities,
was introduced on this road on the LIST OF April,
and has been IN constant use since that time.
car run. This, added to the first cost Of its intro
duction, the expense Of printing stationery, SC,
amounts for the nine months to SS,I6o.sI." He
gives q table showing q comparison OF monthly
receipts with those Of the previous year. Al
though stockholders have received but one divi-
Send during ths ysaT Iae nOssng GS0t mas SSsn
made in the condition Of the road Net profit
earned and paid since April l. so2 7se.S7; an aver
since April 276 tons Of new iron rails at 5000 per
ton, for which we have given In exchange
quantity Of old rails a. $3I per ton and paid the
Pennsylvania avenue have been renewed from
First street west to Twentieth street, thereby
adding much to the comfort o. passengers and ana
and cars. would respectfully recommend that
this improvement be continued until the entire
more will be required. Forty-six cars have been
repaired and painted in our own shops during the
year, including ten one-horse cars rebuilt for use
are now running without conductors, having the
SlaWson box attached for the reception OF fares.
The system has proved satisfactory thus far, and
results in Q saving Of IS per day in wages. Thirty
six cars have been run on Pennsylvania avenue
and twenty on the Seventh-strset line daily. To-
tai number run each day, 81.
Conductors and drivers receive each q per day
for their services, and are paid at night when
their days work is finished. There are SO con-
average daily pay for the past year has been
t230,S3. The salaries Of officers amount to &c.
954. 90; 103 other employees, mechanics and la
q, l59. 81 per week. The funded debt of the COM
pany is $3.50, 600. The real estate owned by the
company consists of ten lots in square No. oSS,
bounded by New Jersey avenue, North b street
and First street west, containing 1888 square
feet, assessed at $e6, 597; including buildings,
$4,000. All Of square 40, at the intersection Of
boundary ana Seventh street northwest, contain
ing feet assessed at S12 1885, including build
000, and four lots on street. between Sixth
and Seventh streets, containing 1905 feet, as
sessed at S5 594 Total square feet owned, IA 229
assessed valuation, Sl14, $50. The buildings and
personal property are insured in 2 companies for
an aggregate OF $l22, $780,"
He notices that the injunction suit of the Board
of Works against the company TO prevent the
paving Of tracks with stones, and the suit to re-
peal the charter have been discontinued.
The treasurer, q. NJ. KoOnes, appends his re-
port, showing total receipts, S3S6, $500 and dis
bursements $3S4, 992 A. The table of assets foots
up $500, 9I5.S7. Included are So miles track-4A
on Pennsylvania avenue, 2IS miles on Seventh
street, and IL (single) on Fourteenth street
$780, 600; 507 horses, $50, 700; So cars, $40 500.
Appended is a list oil suits for damages, num-
beTtng eight.
At the close Of the meeting the stockholders
partook Of a hne banquet in an adjoining room.