The daily gazette., 1879-01-13
Leaving the receipts, less oper-
ating expenfes and taxes,.... ],

Leaving the receipts, less oper-
ating expenEes and taxes,.... ,095. .l02 rs
The amount left to the credit Of the
revenue acc unt is 1862 .099 80.
The receipts of the past year were in
iuriously affected, not only by the gem
eral depression Of business, and the gre
duction of rates thereby m ade necessary
10 obtain even moderate employment for
our equipment, but by Other circum-
stances. The mild winter of lS77-S al
lowed the use of means of transport by
water to a much greater extent than
usual; and the yellow fever at the South
also deprived us of conrderable traffic.
The fruit crop suffered from unfavorable
weather and insects to such degree that
the receipts for transportation of fruit
npon this road and our leased road were
but SS5.92O %, against $lo0.506 30, lie
average receipts from such traffic of the
eleven years next preceding, and but
27 1900 per cent. Of the receipts Of 1875.
RENEWAL FUND
The larger items charged during the
year TO this account are:
Susquehanna Bridge renewals, S.}6,4s4 II
Additional safeguards at Bush
and Gunpowd~ Bridges, 1920 04
Stone Crusher, Stone Ballast
and Blocks, 1853 80
AT the Susquehanna bridge al the fix
ed spans are now of ion. During tie
year past, span No. was replaced by one
of a length adapted to the use OF The new
pier No. ), span No. 3 was reduced in
length corIespondingIy and span No. 4
WAS used to replace wooden span. To
complete the bridge an iron draw will he
erected il p ace of the wooden ono,
probably III 1879.
/ At Bush aud Gunpowder rivers the
bridges have been provide with addi-
/ tional guard rails and timber flooring As
at ezra precautlon against possible ac-
cidents. This was done in accordance
with the advice Of the late benjamin. II
/ Lanobe, who was for many years Con.
sulting Engineer Of this company.
The want Of good gravel upon The line
has always caused the "mainteI ance OF
way" to be costly and laborious, while
toe quality OF that used rendered it i'm.
possible to avoid annoying our PASSENGER
and injuring our rolling stock with dust
The use of stone as substitute fol
gravel upon ihs Darby Improvement
and some other portions of the line sc
far demonstrates the superiority of ston,
ballast over such gravel as we have breI
constrained TO use, that it is intended tc
continue the substitution gradually ovel
the whole line. The cost of such "bet
termenf." which will be a lasting i'm
provement of your property, Is fairly
chargeable to this fund.
DELAWARE RAILROAD.
This road is the only one leased to thi
Company. The original lease was 10
twent, -one yePrs 10 May 1, 1876, witt
right OF renewal to May 4, 1897, whicl
right this Company exercis u. The rem
Is fixed AT SIX per cent. upon the stool
and bonds of the leased road, togethe
with one-half of the net earnings in ex
cess of six per cent. In accordance will
All award OF Referees, no excess OF ne
earrings over sad six per cent. is paya
bic 10 the lessor until the lessees, la
been pald the deheuCleS of net earning
OF pasi years TO meet this six per cen
rent.
For many years the Lessee failed {
Pain directly from the operation of til
leased road the full amount of rent pald
and on October 81, 1872, the defiecicnc
amounted IN the aggregate To s29l ,o03.8.
since that date the net earnings hay
exceeded the rent paid by $50 6iS 81, au
il seems probable that the deficiency NJ
vember /, 1878, lof s25a, 1885 Will b
! made good before the end OF the taS,
The advantage of this lease may be- sc,
i'll the fact that since It's comne nceinrI
aId up to the lsf of November, 1873, ia
traffic of the Delawaie TO- al has swelle
the gross revenue of this Company b
the addition OF over five millions OF do
lars. The net earning, of the lease
road. in consequence chiefly of the fai
IRE Of the fruit crop fell short of the rel
during the year by the sum OF SO 0S3
I which sum was charged To the rey.nl
account OF tins company, although
Will probably I'd repaired III the future
ACCIDENTS.
An express passenger train was throw
, from the track while running at hi,
tspeed below Claymunt, Delaware,
June last. The enginrman, who had be
long III the service of Ihl- company, al
his SOL, the fireman, " ere killed as we
two trainpswho were stealing a ride up,
the train. The accident was caused b,
cross-tle place. upon the track. The IN
who placed this distraction upon I
rails was recently convicted of III. criI
and sentenced bv the Delaware Court
paw fine OF II OO8 and tive years /
lpriSonment.
Several h~rs have been lost by peIso
, trying to cross our tracks needless of ;
preaching trains Although no mo
ioDhsatlon rests upon this COMPANY
contribute in aid of families sufieri
from such losses, your managers have
usual rendered snch aid; and the chief u
OF the expenditure for casualties "
caused by donations voluntarily made
q account Of such accidents.
SINKING FUND.
a -