The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1875-01-30
s92l,22O 90

cent, $500, $40 90
$92l, 22O 90
There remained of net earnings. after
paying these dividends, $122,6ll 06; of
which was placed to the credit of renewal
fund.- 100000; leaving to credit of reve-
nue. account, $2e,611 06.
Balance to credit of revenue account
October 81, 1873, $51s,052 "a; balance to
credit of revenue account October 81, 1874,
$40. 663 80; from which is to be paid the
January End, 1875.
The gross receipts compared with those
of 1878 show decrease of $217 ,G27 81, or
about per cent while the operating ex-
| penses were less than those of 1874 by the
| sum Of $265, 26S 81, or about ID per cent;
including taxes in both cases; but the taxes
FOR 1874 were heavier than those of 1873 by
81, 146t50, or about per cent.
The decrease of receipts was due solely
| to diminished freights, express and miscel-
| laneous business as the passenger receipts
were in excess of those of 1879 by Sl6, eos
10, or about per cent, and we were paid
| for mail service 81, 1913 81, or about seven
| teen per cent in excess of the mail pay of
| 1878.
THE DECREASE IN FREIGHT RECEIPTS
was not no much due to diminished ton
mage moved as to the low rates at which we
moved it, aud the whole diminution of ton
mage was in those classes of freights which
demand more than average speed and care
and consequently pay the higher rates.
| The movement of peaches was about one
| half as large only as it was in 1873, and
less than fourth that of 1872; and. as
| a consequence of the mildnesS of the Win
| ter of 1914, uninterrupted water com
munication was maintained between Phil
adelphia, Wilmington & Baltimore, and
we were not called upon to transport any
freight on account Of any inability of canal
and river lines TO take it.
THE sUsQUEHANNA BRIDGE.
The niue remaining spans of wood in
| the Susquehanna bridge will need renewal
in iron before 1878 and as the present is a
| favorable time to contract for iron work,
we have caused to be made contracts for
eight iron spans, to be erected at short no
tice, at option of this Company, any time
before 1873. The bridges at Stanton and
| Trainers Station are now being rebuilt in
iron, and the grade of the railroad is being
| separated from that of the town road at
the Horntown road. To meet the cost of
such outlay. it was deemed expedient ia
set aside 500, 900 from the net earnings of
| 1874 to the credit of the renewal fund,
which, therefore, now amounts TO $lGl,-
OF %.
| STEEL. RAILS
During the year an unusual quantity Of
| iron rails became unfit for use, and were
| replaced by steel rails to the extent of ., 100
tons, or over twenty three miles of single
track upon the main stem and branches.
| The outlay for steel rails amounted to about
$242, 900, which amount, less proceeds of
sale of old iron rails. was charged to re-
pairs of road for 1874 There was eX.
pended also for additional equipment and
charged to operating expenses of 1874, the
sum of $aS,970 03, and in this way it is
believed that full compensation has been
made for such depreciation Of portions of
| your property as from its nature could not
be compensated for at the time in kind.
POSTAL CARS.
| In our last annual report we informed
the stockholders in respect to the very in
sufficient pay for mail service received by