The daily gazette., 1877-01-12
The Delaware Ie. IL.
ANNUAL MEETING AT DoyER-REPoRT OF
THE NEUTRALITY-SUSPICIOUS. &c,

ANNUAL MEETING AT DovER-REPonT OF
THE IREGToRs-ELECTIoN, &c.
Special TO the Gazette.
DOVER, Del, Jan. IL, 1877.
This afternoon the annual meeting of
theDelaware Railroad Company was held
at the Company's office, in this town when
the annual report of the Directors was
submitted and read as follows:
REPORT OF THE DIRECTORS
OFFICE OF THE DEL, r. X. Co.
DOVER, Del, Jan. II, 1877.
The Directors respectfully submit to
the stockholders the following statement
OF the ahalrs of the road, for the year
ending October 81, 1876, eXcepting so far
as relates to the sinking fund, Which is
brought up to January 1st, 1877, and is
sufficient to redeem the state bonds of the
Company amounting to $40 900 and leave
surplus on hand.
1t will be observed, that there was
gain of S11, ,7Gl 81 in passenger re-
ceipts, and loss of S129, ut % ON freight
mails and miscellaneous receipts, as com
pared with the previous year. The gain
from passengers was probably due to the
Centennial Exhibition at PHILADELPHIA.
and the loss on freight mails and mfscel-
laneous receipts to the large falling offin
the peach crop, and the great reduction
in freight charges. = l,tsg
The road, bed and track have been kept
up IN their usual good order, to accom-
phsh which 753 tons of new iron rails
have been used in repairs and renewals,
and also &c, ,817 new cross ties, nv
The following has been the MILEAGE of
the trains for the past year: IItle
Passenger trains 1O8,837 miles
Freight " 155 1n
Construction & wood trains 56OS
Total 269,73O "
The value of the sinking fund January
LIST, 1876, was at par, $163, $50 40.
From this and its accumulation to July
1st, 1876, was set aside the sums of S17O'-
600 for the principal with six months in
terest on the same amounting to So, 100 to
meet the bonas loaned by the State of
tured on that day. The Sinking Fund,
after paying the foregoing sums for the
State Loan, amounted on January 1st,
1877, to S26 ,406 10. This with its accumu.
lations will be hereafter be applicable
TO the payment of the Company's present
bonded Indebtedness so far as NAV be. at
maturity.
There remain now outstanding $40, 200
OF the State Loan, for which the bonds
h"fO hoo JcG Dctil pTtStHttu IOT payment
but the money to meet them has been on
deposit at the Girard National Bank,
Philadelphia since July l. 1876.
There are still outstanding of the loan
due July LIST, 1876, one bond for $1,000, and
one one for $500, and the funds to meet
them are on deposit Mt the Fidelity Insur-
ance Trust and Safe Deposit Company in
Philadelphia.
| During the past year the following ad.
l diti0ng have haan M odo IN fha da,,nfc n y, a
| other fixtures of the road:
New passenger station at Mt. Pleasant
| extensive alterations and additions to the
passenger station, at Seaford; new station,
coal bin, and addition to track at SMYRNA;
new station partly built at Harrington
with new side tracks at same place; new
side track at Delmar; new turn table al
Townsend; alteration of Broad Greek
Dridge, to allow vessels built above the
bridge to pass down between the piers OF
! same.
1t was found on inspection that the
land. owners adjoining had encroached
upon the right of way of the Railroad
with their fences at many places. Sur.
veys of the main line and branches were
therefore eho; made to ascertain the extent
OF their encroachment. Permanent
boundary stones have now been set up
and parties interested are notified to re.
move their fences.
After the reading of the above report
an election for Directors was gone into
when the following were elected: Saml
N. FELTON,, Isaac Hinckley, Andrew q.
Gray, Joseph Bringhurst, Chas.. Warner,
Edward Bringhurst, Jr., Isaac Jump,
Manlove Hayes, H. B. Fiddeman, Alex.
ander johnson, Jas. Ross, Albert Curry,
j. Turpin Moore.
Manloye Hayes, of Dover, was re-
elected Treasurer.
Geo. V. Massey, Wilson L. Cannon
and Edward Ridgely, Esq,, were ap-
pointed a committee to audit the ac-
counts of the Treasurer, after which the
meeting adjourned, and the Directors, in
accordance with their animal custom,
partook of an excellent dinner at the
Capital Hotel
Saml M. FELTON, was elected President
| of the Board of Directors, all of whom
excepting Jas. Ross, who was elected in
place of ex Governor VIM. H. Ross
were reelected.
The Directors, after organizing, de-
| clared semi-annual dividend of three
per cent.