The daily gazette., 1880-01-12

Leaving balance OF %, ,545.76
Besides the above there was expended
For new engine $1,000
Dividends 4b8S
Total tll.ses.OO
Showing total expenditure over
and above the receipts for the
All expenses of renewing and improv-
ing the road and rolling stock and all
legal and other expenses except as
above noted, are Included in the operat-
ing expenses. The increased business
of the past year has enabled us to do
mach more work upon the road bed
than in any former one. One of the
larger and three of the smaller trestles
aud crossings have been filled in solidly,
consuming about 10000 cubic yards of
material taken from Southwood cut. A
small iron bridge has replaced wooden
one at Hyde Run, near Falkland, where
also new and substantial abutments and
pier have been built. OF the nine wood
en- bridges spanning Red Clay Greek,
| No. 2 has been entirely renewed, the
same work is nearly completed at No. 3,
and the lumber and materials are on
hand for rebuilding Nos. and 9. The Q
renewals are absolutely necessary for
the safely of trains, but as soon as
means will warrant, all these should be
replaced by iron. Over 5000 cross-ties
have been put in and 20 tons of steel
rails have replaced iron which has been
used In sidlngs. The passenger cars
have been thoroughly repaired and re-
painted. Several new steel crossing
frogs have been put in in the town track.
| 'HhA annina hoa uiu .,arfanf at 10
fiction and has proved most fortunate
investment, having been purchased at
the period OF lowest cost, while the in
creased business of the road has proved
it TO have been. indispensable.
| The shifting engine purchased while
the road was in the hands of recei yer
than repaid the expense incurred 1t Is
now in the shop for repairs, but the bust.
ness will soon requ re- more powerful
one.
| While the property OF the company Is
| now in q better condition than at any
former period there remains much to be
done to bring " up to proper standard
for the business which win eventually
| come over Ii. The Pennsylvania r.. Il.
Co., are now building coal cars weighing
| 10 tons and intended TO carry a load of
20 tons. Some of these are already In
use and have been upon our rails. 1t
Is evident that our roadway and
bridges must be put in condition to with
stand the wear and tear of much heavier
rolling stock and freight than was origi
nally contemplated, aud that the standard
| of safe and profitable efficiency of the
| great roads with which we connect must
| be ours also. Our trestles must be filed
up, our bridges and masonry must Re
| m ada nuch mora All hsfantIa iron fnuat
| be substituted for wood wherever posi-
| BILE and profitable and steel rails mnst re
place iron, before we reach this point.
As the road is yet comparatively new
the annual expenses for renewal will in
crease for some time 10 come. 1t Is
strongly recommended that the Directors
about to b elected take mmediase mt q :
ures to have the two larger trestles flied,
| as their timbers will soon require entire
replacement unless this is done. In
consequence OF our being deprived of the
use of a siding belonging to the Phila.,
Will. & BALTIC. X. r., near the intersec-
tion, IL has. become necessary to construct
about 1000 feet of track to accommodate
the joint business of the two roads, and
other extensions may be advisable.
1t Is the conviction of your directors
that for some years 1t will tax the entire
resources of the road to furnish tie me-
up to a condition to do safe and profits
| able business.
The suit to recover certain property at
the foot of Shipley street, in Whining
ton, has terminated in favor of the com &.
pany. The freight house will soon be
| placed there, and an increase of business
Is anticipated in consequence of the
more favorable location
1t is subject of congratulation that
no accident at all serious has occurred
upon t o Dad during the past year. 1t
| gives your directors pleasure to testify
to the Jealous and faithful cooperation
| of the Superintendent and of the officers
and employees under him.
On behalf of the Board of Directors
| VIM. M. CANBY, President.
Wilmington, Jan. ~, 1880.
| An election for Directors was then
gone into, which resulted 10 the choice
| of the following.
Henry 8. McComb, William T. Carter,
William NJ. Candy, William Canby,
Henry q. Robinson, James l.. DeVou,
John p. Springer.
The Directors will meet tomorrow
for organization.