The daily gazette., 1879-01-10
THIRD EDITIO n
Dels. u. H., and Farmers Bank

Dela. u. H., and Farmers Bank
The Annual Meeting Of the Directors
and Stockholders Of the DslGrdre
Raaroad-A Report that tcouit hare
been Better, but for the Failure Of
the Peach Crop-The Old Board Of
Directors Re Elected.
Special correspondence Of the Gazette,
DOVER, DEL, Jan .. 1917.
The annual meeting of the directors
aud stockholders of the Delaware Divi-
sion of the Z. w. & b. Il. r., was heiu
here to-day at1;:3o o'clock.
The Board Of Directors submitted re-
port which contained the following state
ment of the business for 1873, ending
Oct. 3lst:
Received from passen gers. sl4o, ,4os 10
- frelgh's.. 2lo,lS@ os
mail sc ...... 9,9S1 ~
Total. ............. 1865, $50 Is
Operating expenses, "a per
agreement with the lesses,70
per cent of the gro.s earn
S1N9,674 o.
Interest on bonds Il dividends
on stock paid by the le>see..slS2, 15s 90
Showing a deficiency off,. s22 0S5 s6
The above d fcirncy has been paid by
the lessee and charged To further surplus
As il occurs during the present lease.
I he report goes ON 10 state that there
h. n # = al
ers, a loss of s57 .9S9 05 on freight ami
loss of 81 l65 " on mail and Iniscellane-
Gus, as compared with last year; which
shows a loss on gross revenue OF SOL
2251l This loss is mare than account
ed for by the failure Of the peach crop.
The writer OF the report then turns TO
the coudition ut the road, aud says that
the road bed buildings, works ani hridg-
es have been maintained TO their usual
good standard by the lessee. To accom-
plish this among other things. SEQ tons
of Steel rails and 56, 40 new cross ties
have been used Passengers trains have
been run 1870 40 miles. Freight trains
have run l,is, ,4S9 miles and construction
trains have been run 400 miles Nj
the trains combined have run 212, AS
miles.
The value of ths Sinking Fund on Jan
l. 1873. was $50, 29l Is the value of the
same Jan, $, ls1g. is 6,oSl 80 which is
an increase OF So 81. The Directors
value the securities of This fund at par.
The amount of unpaid bonds loaned by
the State of Delaware which is still out
standing Is 81, ,6to. but the Sinking Fund
mentioned aboyel, the excess RENAL nj
after providing for Sta'e loan now on.
standing.
Additions and improvements have y er
made by the lessee, by corseni of III,
lessor, during the year ending October
49, = Z. ~, sNFS - at..
charged 10 construct on upon which th'
lessee Is TO pay during the lease 6 pc
cent. per auuum To the lessor. These I'm
provtmenis and additions consist III til,
difference in cost between steel ami iroi
rails, the substitution OF iron fishplate
for joint block fas'euings, the new pas
senger station at Canterbury and addl
uoral fencing along he hue Of the road
The report was acc pied, after wh.el
an el-cueu was gone int, for dIrec' or
for ls79, and the cid board was r.elrcte
as follows ). NJ. FELTON,. President
Isaac HIckley, Andrew Il. Gray Charle
Warner, Joseph Brlnghurst, Isaac JumI
IL b. 1iddeman, Mauiove Hayes, Alel
JohuSon. james j. Ross, J. Turpi
Moore and loert Curry
Manloce Hayes wa, also reelecte
Treasurer.
THE FARMERS BA>K-rHE ASrvA
MEETING or IHB SEVERAL BRANoHE
Oh rHR STATE.
The annual meeting Of the sever,
branches Of the Farmers Bank OF Del;
ware was held hcre to-day, all The dire
tarS being prescott. Geo. w. Cummin
OF Dover, WAS made chairman and j am,
Braitofd. Of Wilmington secretary
a ,emi annual dividend of 3 per cen
payable after the 10th inst, was declare
to al the sock holders.
The following officers OF the sever.
name i branches ware elected
Dovtr-Henry Ridgeiy. George v
cummlns, Gov John W. Hall, Edwar
R.iseiy, Caleb 5. Pennewen, and <
Win VI Stevenson.
Wilmington George Richard>o
Thee. f Crawford, u q. Lobd-n, F.
Bradford, James Bradford and Jam
pe d.r
NV Cstle-Andrew {. Gray. RE
a-d 6 Cooter, Allen V Leslie. Thom
holcomb, Dale Niven and John Ii Ro
hey.
orsetown-Cha.. c Stockivy, f
win e Payrter, William L ba>a
lahn Il. Melee HarUeQu Hicktnd
Charles II Richards
The only new member Is Edwin
Stevenson, ct the Dover branch. W
is the 7 >ltien formerly occupied
james l.. Hevern.
Il i thought that The 'ist Of new dir
tor, on the pat OF ,h+ ) at MI he III a
on, by Mouday when u WI he subm :;
10 h. General A ssru4 Z y.