Daily Republican., 1881-05-03
THE ROAD TO READING.
THE ANNUAL MEETING OF THE
w. A N. II. II. YESTERDAY.
Election Of Directors and Officers.
The Annual Reports Ofthe
Years Operations.

The annual meeting of the Whining
the cOmpany's office in COatesville yes
terday. The following directors were
elected Col. Henry DUPONT, Grorg,
Brooke, A. l.. Foster, DIR. Chas Hous
ton, Richard Il. Ely, Charles Wheeler
and John S. Gerhard. Col. DUPONT wa>
elected president, p. J. Ernold, secre
tary and treasurer, and j. H. Thomp
son engineer and general supernten
dent
The report Of the Directors makes the
following showing:
At Wilmington new freight offices
have been fitted up in ii small building
recently purchased by the company
near the old freight shed. They are con
v"niently located, and supply long
needed accommodation for our business
at that point.
The roadbed has been maintained in
as good order as possible. \ great deal
of haliaSting will be necessary during
ihe coming summer, and the embank-
lncnt, in many places need widening.
All the trcStlcS and bridges have been
| kept i'll repair l66.OoO feet Of lumber
having been used for the purpose, an
increase of about IS. 600 over the cor
responding repairs of 1879, Two hundred
, feet Of treetlc at Birdsboro bridge have
been filled,
About One-half Of th" short span
bridges have been thoroughly painted
with mineral paint.
Til" following statement shows the
tonnage Of the freight carried during
the year: January. 262i7 February,
20,S.6; March, 23,777; April, % ,366 !;
May, 2l,i99; June, 22,796 Jlly, 2902I
August, Hl,153; September. -, SSl;
tobcr, 3 ,6l5 November, -, 1885, De
cemhcr, y, Si9 Total, 80, $50.
The appended statement shows the
monthly freight earnings and the total
for the year January, Sl3, 3jj 10: Feb
ruary, Sll, ,6jG7l March, Sl4,9lS. - !;
April, $l4,9lS.25; May, $u, ,59O.96; /;
June, Sll,97G.0l; July, Sl4, ,137 oS;
August, Sl7 ,0i,J.11; September, Sl9,37}.-
l6; October, SIG, November, SlS,-
lS5.43; December, SlS,5412G. Total,
SlS6, 06j. 47.
The subject of extending the road to
the river front at Wilmington was not,
although it is expected to be considered
soon
Re 'pts from frcighta. ta..,.,........ 5 S5,O95 A.
pdsscngers........, 39.O76 o.
" mail, express, &C.. 6,is5 W
Gross earnings, gs,.............. .f13l ,j27 45
Operating expenses. Sigs ,632 A
lakes. Observation-Disclosures. 1852 ID
500, 3Dl 10
Receipts less operating expenses,
taxes, &c.......,...,.,.- 2D.8oo 81
Interest Oh branch bonds .......... 1877 II
Redemption Of branch pOnds..... l. 400 OO
Receipts. less operating expenses.
taxes, interest and redemption Of
bonds ...............,......... 81 80
The gross carningS exceeded those of 1879
by ~ 424A.
The net receipts have been mainly de
voted to nWhYS for new property,
by the Increased business
of rhr road, tn" chief items and cost OF
each being us follows:
Watrr rights !ur locomotives. ......... 800 U0
Ar brakes for passenger trains. ...... l.34O on
New ~idlugs On main line, II" feet ,g0S 81
Freight buildings Wilmington, in
CIllllg Ibt ,DD5 10
Extension Of telegraph line to French
creek NEUTRALITY-SUSPICIOUS., 300 -
Cost of French Creek and Rocklhnd
branches. in excess Of nVAds gold. t,l72 a.
six hundred tons Of steel rails and |
80 ,g6l cross lies were laid during The |
wear, 200 feet of wooden treStle has been |
filed, aud lOt freight cars rebuilt.
The French creek branch has been |
Il. :
the Rock land branch II II cost Of $50, =
|2O.47. To this rnd the remaining $50.
700 Of the French creek mortgag" bonds
md the $l7, ,Uno Rocklaul branch |
bonds We're sod ut par and accrued in
crest. Under the ayrremcn, ,uadr with
he purchaser OF the bonds. u portion of !
he freight passing over the branches is |
payable in bonds, and in this way ST.
100 OF the bonded Indebtedness has been |
'learei away. Both branches have been
II operation since last simmer with
results.
At the adjourned stockholders meet
ny, held on July -, IL was voted to in
'rea.c the capital stock by $50 shares
or the adjustment Of outstanding
'laims for land damages, amounting,
With interest, to S27, ,0l6.2G. This new
stock has been issued at par, in full
settlement with the claimants, aud it
) believed that every claim against the
il now adjusted.
The report $ recommends the substitute
1t Is early, a date rs possible, OF
tcpl rails for the iron ones now in use,
Llso the rebuilding OF certain cnlyertS,
md filing OF certain trrstlcS. The re-
airS on the &chuylkill bridge will cost
Yearly 81 600. Special attention is called
0 the inadequacy of the terminal in"i!i-
les ot' ihe road in this city,