, 1876-02-24
THE RAILWAYS.
Meeting of the Stockholders of
tho Burlington s. Quincy.
President Walker Submits the Annual
Report Of tho Board Of Directors,

The Gross Earnings Were .
10000, and Net Earnings
S5,36i,Ooo.
Esw Lines saourod-Oapital Stock 40
oount-Traok and Equipment,
fhs Land Depar,meht...sicet!On oi ths New
Board of Directors.
THE CHICAGO. BURLINGTON & QUINCY.
ANNUAL MEETING or THE STOCKHOLDERS.
The annual meeting Of the stookhotdnts Of
no Chicago, Burlington d Quincy Hailfoad tooIt
psce nt tho General Office Of tho road, cornor Of
Michigan avonuo and Randolph stroot, yeatertay
morning At II O'Clock. There WAS but lltsle in-
orcet manifested in tho moating, az everything
had boen arranged beforehand, most Of Tho
ltock being represented by proxies.
Az ECON 10 tho meeting had boon organized,
she secrotary-Mr. y. O. Goddard-road tile fol-
nEsloNATloN rnoM MR. e. 8. COTTON.
ef dsloaburg, H.. who has beeu 4 Director for
The Inst tTontY-four yeAra:
pssa @ 5 Ss s Il 1t :: bl1st2sr l2
II the ohIssO na,nKson qaney s!1Soad Com.
phy.ls.ll5 9nat,e to q attend tho fraqnent business
nnsstngs OF Tho Board y n9son, presents aot with
ings anii uaanlmtty tha. have exis.od during % the
corporation, aud shalt ever LOOK buck with prtlo
npon she suceess Of our lahors, commencing, " Va
AT q tic success to With We s s1s T.
!Ainoa. Respectfully yours, q. 3. CoIroH.
Tho resignation was regrotfully received, and
tho following resolutions wore unanimously
adopted:
Esartv rusrtat Of a century nn5 eJarast efnen fto
Hon q. d. Cotton, whose 1e.tcr Of resignation you
hayc hoard reaa became eonnestel with this enter
saa viii L. "a
counsel during ii! which pa-to! he haa besn n,tn-
wiih coyazng It does tho entire period Of tho ex.
tstonee Of tic Company nnd largo part Of his bus-
In accepting tho 1oler Of rcslanstton il Ii resolved y
Tho unanimous vote OF this nssting, that ho has TIC
thanks saa grateful remembrance ct tho Stockholders
THE ELECTION or ELEVEN DIRECTORS
for ths ensuing yos5 resulted d ~ follows J. n.
Forbos, Sidney bartlett IN, J: Y: brooks, Charles
4. driswold, Newport n. H. William, j. Rotoht
Nor Bedford Mans, petor 0eddos, James III,
Walker, llobort Harris, Chicago; Charles Z.
Tho annual report Of President walkor was
then road. Il 10 very able, and ono Of the most
important railway reports ever published, and
shows the road 10 be tn : magnificent condition,
having mado II ono Of tho bost paying railroad
properties, aud this In the face OF panica and
Adverso railroad legislation.
THA ELgcrtoN OF orEIcERa
Will takc place no1k weok ut Boston, and now
deal all around 10 decided upon. As already
atatcd, ntt. Robort Harris will lo President, MI.
e. E. Perkins Vtee.pEeadont. snd Mr.. ": u.
The EaIirng Prcaidont, viii assume ths duties oi
General Solicitor Of tho road. Other changes in
the heads Of tho various departments are also
talked Of.
TIE NEponT.
Following II h1r. Walkers report,
Your Directors beg to submit tho following report
OF ths transactions 6f the Company ts earpiHga and
s1pndI:area fot Tho year 1875 and tho pressn con
THE aKosa BARN1Naa AND E1rEnprrunEs
for tho year Guiding the Stat u have been ns fol-
love-:
Efot8nt... .-.'.......--....3 IT., ,50lHl7
tMton8afd.. .ss......n... IG71,v42
Gntsnst ana eSi'sS5 SisS3
From which deduct operating Ok *'''''''0A
penses, ,innlutug taxes and lranf-
fer Office expenses. t,i3o,123
Leaving net earnings for tbs ...--
fntcrest secsaed Or paid On bonds '1~'
during tho Jear............,... 2,ol4, ,7oa
leaving o balance ot..:....... Sy.a4a.a7o
ont Of Which b hays M ten % paid M''-
liant Of tracks and dcIots........ 6.32l
Amount Transferred to sinking
1unu In ld13+...........,..... l61 8o7 2,05D,03A
Lcaylng net surplus earnings for ths ycas
every current liability aud sinking
TO Which Id surplus Il coni,nencsu.ent ii '''''
the ...-,.................. s.o4s,oo2
And there stands TO tho credit Of tneomo
Amount crellscd to shining fund taken ''~''
from eatninca....,... ........,......... 1,oe3,744
And this, added to Income credits, rakm
ha .ai'a s@9nns o. \, 'afpls ,sIs a39
.na e so1s %
e25 g III tho burlington Missouri River grant
n1ns iana dTSa to ~ .ls
81 = .nas b. ssss l.
larger ps1t of which hae b*ea appio to conssEusiou
" Iox.-naahias total Of surplus so.sss.a4ss3 u
Gross earnings for 1916 7al sal
............ ,sAs,al7
q oPsss ..eass in ISIS: viii i:: I'D ''''''
In is5s opas.aus EXPENSES. including tsiss. t's'
oivas. q issai s il nj c.innss of '''''a
81 yeas o!et "a Of tic previous Year,. 22aaaa
COMPARATIVE sTATEAHNT or OPERATING Ex-
rEHSE5
ior iii. tasy uers IS es.1oo per cent, Including
taKea: for 1a13, thoy 81 63.lo0 per cent, wltH
taKes also included, showing reduction Of 149-lo1
1ur onnt. Ihs sasca included In oIJrasiug expAnsas
cover Tho esirs tax aAssssed upon tho taug.6a and
oher property ot TIA Company, exclusive Of IL catal
sook and fsanchIses ~ sts1ed ia our last report the
Company sA1cd account Of IL capital stock and
franchises S23 n 1878, and ft9t IN 1874.
Tho collection of these Joined By ths Co.
rany. and Like cousse was pur1uel by nearly Ill tbs
corporations Ia the Htsia.
Soma decisions hare been had in su!ta brought BY
tho Company, sna, sofsr they Asyt Eoaa, hkro bee
fsvosaha. but she aaal discrimination ha4 no. been
raached- one Of tho Injunction suits brought by tho
Company IL now pending In the Federal Court II
W+ahnEsnn which will determine ths validity OF shia
AI and, your Qtfectofa hA1& aYerY rh1aun 10 hA.