The Baltimore County union. [volume] (Towsontown, Md.) 1865-1909, 1880-01-17
BALTIC. and Delta Marrow Gauge R. r.

balto. ana Delta narrow Gauge X. H.
Stockholders Meeting.-At meeting Of the
stockholders Of ihis company, held ut beiair. on
Thursday Sth inst. the annual report of the Iii
Tecturs was submitted. II begins by reviewing
the history at the road from the filing Of the first
charter IN Annapolis in 1876, 10 the present time,
including by consolidation and purchase Of tho
partially graded road beds between the Great
Gnnpowder and baltimore. II shows the entire
length Of the road from baltimore 60 the State
line. near Delta, TO be - $40 miles. OF this
length nine miles Of graded road was acquired by
consolidation and purchase and 20 T-lO miles
have been graded by this during the past year.
leaving but fourteen miles TO be graded. The
total stock subscription authorized b. Law is$5OO,-
u0O. The total subscriptions made 90 date aggrc-
gate S23G,3O0. On this subscription there has
been paid in Sll2,S5g. leaving n balance due on
subscriptions Of ll?,iIl, fully enough Il Is esti-
mated TO complete the grading and masonry and
prepare the road bed for superstructure.
The expense account. that is always interesting,
is a little formidable and Is distributed substan-
TALLY as follows:
For new grading and masonry.........S 30.sl2.6s
Engineering two years................... 9.si7.9t
Purchase Of the Il. II. & r. Il. R....... l6.9j0.00
u. I. & y. Y. II. r.. 9,OjO.0O
Canvassng. collecting. &c.............. I2.2lT.l7
Right Of way, COMBINATIONS, dc...... 2,36j.5g
Incidental l3SO.6l
Total cxpcnditurcs"............. $4,000
Balance In treasury ........."$2J6.1l
The liabilities dac and unpaid aro......S lO53.O0
And those not yet l062s.OO
On the adoption Of the report. the meeting pro-
ccc'icd 10 the election Of board Of directors for
the year. TN motion OF Mr.. j. I. 4. Hopkins, the
old board. named in the report, received the
compliment Of being unanimously re- elected. The
meeting OF stockholders then adjourned.
meeting of the Board of Directors was subsc.
Iucntly held for the purpose Of organization.
which resulted rs follows: President. W. II.
Waters vice president, Vim. Gilmor treasurer,
Thomas Armstrong; secretary, :. q. Boyd; audi
tor. Philip T. GEORGE. and collector. Edwin Price.
The Board reduced the salaries Of the officers from
Sl'0 To Sl0O per month. and appointed an Audi
iiu.. Committee. consisting or Mcssrs. Caleb J.
Moore G. W. Halter aud q. ". Van iIibber.
The Hartford D'Hi"crm says: The past policy
"f the directors has been 10 'clopc local in.
tcrcst IN the enterprise. absorb rival enterprises.
building n ncghborhoo,: road, aplrupratins the
subscriptions 1" grazing the entire route and fus.
tcrinI the credit "f the company. The future will
be- To- push the enterprise ~ fss, the subscrip-
tinus are paid in. obtain additional. conditional
aud unconditional subscriptions. 10 the largest
extent possible and issue the bonds of the com.
pauy for the additional funds necessary to equip
the road AMI put il in good running order. II IL
the opinion of the Board. If the subscribers will
pay up promptly. that the road bed anl masonry
will lie completed AMI ready for sTlcr.iructuTc BY
tie c"Jiiin: -prine or early summer and that when
completed the road will pay the interest on its
bonded indebtedness frum the start and in the
nrag future reasonable dividend TO the stock
lol,cr.. !; i FULL Of promise for the early and
comparatively inexpensive completion %! the road.
!; the hand. of the board are strengthened, ~
they shuuli he. by the friends of the enterprise
there i. IA reason why all their promises should
not be- male goud."