Smyrna times., 1875-01-20
Earnings for 1873
" 1874
$534,27092
435,96S.7
Balance in favor of 1873
Expenses for 1873
" 1874
5 9S,302.
$5l0,056. 4S
430, 0,35I.66
Balance in favor Of 1874
5 1904 80

O@IApco IN favor OF 1874 s 70 7O4 80
These figures show that while the earning
were less last year the expenses were also mucl
iess' hence the favorable showing, notwth
standing the decreased business. 1t apnear
from the published reports that in 1874 III.
issases 1.-THE 2. w. & B. Co.. paid 70 per cent
OF gross earnings for operating expenses while
Tor 1874 they paid only 10 per cent. Tins ir
1913 the operating expenses (not incIudinO
interest, dividends, &c were 1884. 963 OF
whlie IN 1874 they were $3O5. IT'S. Is. maxine
difference Of nearly $4,000. The old
OOard OF Directors we're reelected, as folloUs
.. NJ. FELTON,, (President) I-aac Hincklev. A.
y. Gray' Chas. Warner, Joseph Bringhurst
EDWARD brlnshurst, Isaac Jump, H. b. Fiddle.
mao, Manlovs Hayes, (Secretary and Trea,nrsri
Alexander johnson, William Ii. Ross. Alber,
Curry, J. Turpin Moore.
As stated above, the other roads have baen
operated at a loss. The Junction & Break.
water Company have made their annual report
and the h5ures are as follows: Receipts. $66.-
Sio'59; expenditures SG9, $685. -; loss s., 642.
u The President, George K. Reed. saws
though operated at loss, this was caused
not by material increase Of expenditures ovor
previous years, but by the prostration of trade.
following the panic of 1873 aud the almost
total failure OF the fruit crop" Ii has all
along been asserted that the Old Dominion
steamship Company had bought this road or
at least Mr.. Baumgardner' scontroling interest
out such seems not to be the case. There il.
however an understanding between the two
corporations that makes them pull together
The j. b. Co. have leased the Breakvater
q FrankiOrd road for ninety niue yoars and
arrangements have been made to continue said
ROAD from the State line to Berlin, and then
connect with the road running South to Snow
HiH. This leads the President to say. "Our
iuture prospects never promised better, and
we have every reason to believe, that during
toe next year your roads receipts will cover
all expenditures.
2. " i.mInKton Reading Road, running
IRON wilmington to COatsvills, Pa, also shows
deficiency There has been falling off in
the a' compared with those of 1873 of
s~'','.01, while the operating expenses have
not decreased in a corresponding proportion.
The gross earnings were $7,8O more than
The operating expenses, but this small surplus
went but little way towards paying the
interest Oa the bonded debt. The passenger
tratfic shows an increase, but the tonnage in
coal, which Was expected to be the roads
nain support, shows great falling of. The
shipments OF this class of freight have been
diverted to other means of transportation.
The Wilmington & Western road, from Viii
mlngton to LlndenLurg. Pa, (about 20 milos)
also shows great falling off. The receipts,
as compared with last year are nearly "a, 900
less but by reducing the operating expen ses
oyer $1,000 the gross receipts, $3I ,SsI, were
made to meet the cost Of operating. The road
Aas ReVer paid, and unless it completes the
extension proposed to connect with the
esnn'yIVania Central, thus making it short
route West, it will have an up hill business.
The Maryland & Delaware road has never
exhibited az apnual statement, though IL,
annual meeting was held in December