National Republican., 1876-01-13
WASHINGTON AND GEORGETOWN R R.
The stoekholdsrs' Annual Mssting-Elscaon
a. ni.......-p..... .h. p-aaidant

Georgetown Street Railroad Company held Their
annual meeting yesterday at the eompany's oeice,
| corner of First street and Pennsylvanls avenue
| northwest For some time past considerable in
| terest has been manifested in the approaching
election of directors as It was q contest bstwesn
certain New York stockholders and those in this
| city to secure the control Of the road.
The New FORK cliG ue was led by Mr.. Hart q
| sml all shareholder, who fought for tbs N manage
| ment Of the road, that the revenues might be
| diverted to the Interest OF the shareholders In
Gotham, and the rolling stock permitted to de-
| crease in worth and valuation until the company
would find themselves in position they occupied
q few years ago, which was almost bankruptcy. The
Hurt, has been acceptable to the owners of stock
hero. and his retention in that position desired.
IL Wss aiso thef Wish ,naS ] INC ]na}Ssity ot dns
| ing interest in the road which was held In this
city, where two thirds OF the stock is now owned.
Il wss to cOunteract this object that some Of the
| New York shareholders endeaVored TO ge; the
running Of the road into their hands. and also the
controlling stock But the result OF the election
shows that their attempt has not been sue
cessfuI. IN fact. before the day for the
holding OF the election arrived, Mr.. Hart
icc; would not operate to his liking, and yester-
day nOt only fs!ied to be present at the companys
Office himself, but none of his friends could be
found about the premises. Tee following ticket.
consequently, had no opposition. and po!led all o;
the 6,2lO votes cast: MessrS. George W. Riggs,
Lane. OF New YorB, Leonard Whitney and
Henry Hurt 1t will he seen that six out OF the
seven directors chosen arc residents of this Dis
trct, and that majority OF the stock is properly
Immediately after the announcement OF the
vote the stockholders met.
PRESIDENTS ANIMAL REPORT.
President Henry Hurt read his annual report
to them, in which he submits the following opera
tions of the road:
Receipts from passensers............. S39S,1Sl 10
Daily average receipts. s................. L09) 20
Gam over the previous year.......... 16,3II 80
This result shows an increase in receipts not
anticipated at the commencement OF the year, be-
cause Of the general stagnation in trade and de-
preston of the hnaGces throughout the country.
The receipts OF the present year exceed those of
ccse Of the war aId the tme Of the geDcrs te
view In this city. This is mentioned to show that
the construction of parallel lines aiiOrding many
additional facilities to travel, has not seemed to
c0unteract the gradual increase on this road,
su!ting from the natural growth OF the city aud
the improved condition of the road. Several iu-
p0rtant changes in the location OF the tracks
ordered at the last session Of Congress, and have
been made during the year: These several
changes involved the construction OF some lSl5
yards Of double tracks, requiring li6 tons OF iron
As Congress changed tho location of the tracks
then borne entirely by the company, the officerS
in charge Of the improvement Of the grou1 1ds very
Ginely aided in making the last change, by fur
s5223.53
The whole cost, including iron, was $r,o76l4.
The cost Of the several changes, exclusive Of iron
was $7,7cSl0.
Tbs contract for the uso Of the alarm punch ex-
piTcd In May, but was renewed for another year
&t reduction in royalty to fifteen cents per day
for each run. This charge is considered eX-
tTsTaG ant, and it may be that the large psofts I
derived By the punch company will warrant a
further concession their part 1t the expiration
"a he present ccptract II l. shall be desired 10 re-
new tie same !
Three hundred and thirty.etght tons Of iron |
we're purchased during the year, and the relaylng
Oi the Avenue rOuIo completed. Tho paYemen: |
iTom Second street east TO the navyy ard gate mas
been taken up md relaid, thus placing the tracks
cast Of the Capitol in perfect order. The re- !
paving OF the Avenue from Fig hteeuth to Twenty.
iturth street with concrete made 1t Necessary 10
replace the timber rcdsr the cutter rails the en-.
tire distsrce, as the old was fOUnd TO be com
pleteiy dscaycd. This was also done on Seventh |
Street south, from stree: northwest to street |
southwest. Steel curve TSils have been Suosti- |
tEIed fo= iron around the south side of the Wash
ipRton Circle, al Fifteenth street and New York |
avorue, q: Fifteenth street and PennsylTania |
avenue, at TWenty.siXth street and Pennsylvania |
avenue, at TSerty-siXth and NJ streets, at Seven
teesth street ard Pennsylvania avenue, and at |
Eighth street ard Pennsylvania avenue east. |
TIE line is now in frscc!pss condition through |
ont its entire length.
He recommends that the work be continued on
the Seventh street road until IL reaches the
conditions also, il deemed advisable, that another
track be put down on Fourteenth street, the
operation of 4 single track line is attended with
MANY dIficulties 10 the cOmDanyas we'll as iaeon-
Tenience to the public. SixIy four cars have neen
run daily during the year, as follows: So on Penu
horse cars on Fourteenth street. The following
work has been done in the repair shops: Number
OF cars repaired and painted. 81; dc. reVarnishsd
l.; number of coats OF psinti put on roofs, liz.
New work done in harness-shop: Sets OF harness
made, Il; hame straps and bell straps, 952: new
mats for cars III: new canvas roofs, 50; collars
lined and faced, 1856 new k1lters and brides. H.
centre traces, IS; pair new lines IL new cushions
!; patent felt oilers, 100. Number horses hand
January l, jo7; number bought during the year.
AZ an average OF sl2i.S0, l72: total, 619. Number
sold. ct an average Of Si9.0i, l5e; number died,
&c; total, 176; number on hand December 81, J03
He then proceeds TO recount the accidents on the
road, and how the claims against the company
have been disposed OF.
The floating debt has been paid in full, the reg
istered bonds reduced to S20OOL and nIortgaged
bonds by sinking fund 10 900, outstanding.
The net earnings have been applied as follows:
For payment CT notes outstanding January l,
lS15 &lI 0D0 Oh
For payment of interest On same. 12Ji IS
For payment Of let cost Of G3S tons OF
iron Observation-Disclosures. l22i2 30
For yment Of bonds, per cent?. 1000 90
For payment Of hay, in advance, 800
tons lV,uJo W
repairs. .'''............... 7,72s 10
For payment of dividend, per cent. 45,O0J 90
Cash balance Dec. 81. 1S7j..... : ,234 10
Cash balance Dec. Il, lS74..... 1888 IS