Delaware state journal. [volume] (Wilmington, Del.) 1870-1883, 1881-01-13
LOCAL NEWS.
THE DELAWARE WESTERN.


Annual Meeting Monday Morning
Report of the President ana Eiec-
lion of Directors.
The annual meeting of the directors and
stockholders of the Delaware Western
railroad was held Monday morning, lat the
oompany's office, Water and Market
streets. The following report WAS pre-
sented by the president
WILMINGTON, Jan. 1910 The stockholders
of he Deld,rdre Western Railroad Company:
THE earnings upon your property for the
mast year have been az follows
From passengers. .sl2, 4O6.2S
From freight. ................ IL, 260.l3
From mail and miscellaneous, 4,519.94
80, 1866
The ordinary expenditures, includ-
ing renewals, have been. S53, 068. 90
Expenditures for new property. 1,7S5.40
Excess Of receipts over expenses. . 4,332.73
Owing to the years accounts closing with
December, the statement given for freight
and miscellaneous receipts liz partly esti-
mated 80 far as that month is concerned, but
the true amounts will not vary materially
from those given. The receipts for 1880 have
exceeded those of 1879, as follows:
Passage observation-disclosures. 900 81
Freigh ...... ----,-.--...-........,.. T. 42 go
Mali and miscellaneous. .....,............ 583 rs
Total .........................6 ,s4s.7s
There has been an increase in ordinary
operating EXPENSES, reheWhis, &C., OF
sg,274.4l.
After mature consideration your directors
believe it advisable to put the money, which
has heretofore been paid for dividends upon
thg road, and this, with tho increased re-
ceipts, as above, has enabled the company to
yery much improve and renew the road. The
principal work done has been to remove the
freight house from the south side of the
Christana to the foot of Shipley street, where
A convenient building, with the necessary
appliances, has been erected; the street
paved, 40. at a total cost of about 20, $50.
New frogs have been put in where our road
crosses that Of the p, W. u b., at a cost of
about 81 ,21U.
A new siding has been constructed, con-
Meeting our road with the track belonging to
the Jessup a. Moore Paper Company, ut a cost
Of nearly $1,000, including night of way
Several ether new sidings have been placed in
Wilmington, and one at Kiamensi, which will
increase the business Of the road. For the
frat time in the operation of the road, the
trestles and bridges have had, with the eXcep-
ton of Red Clay Creek bridges, a thorough
oyerhaulins. This has been an expensive and
tedious work, but one which will have to be,
to greater or less extent continued, so long
as wooden bridges and trestles are to be main
tanned. Over 1000 cross-ties have been put
ill.,
The rolling stock has required extensive
repairs. With tho exception of the track on
the South Side the road, in all its depart
nents is in excellent order.
The wisdom of moving the freight house to
the present location has been abundantly
shown by the increased business resulting
II has been the aim of the management to
keep fully up to the demands OF business by
furnishing all the facilities possible, and by
keeping the road and rolling stock i'll state
of efficiency. In conclusion, the
directors would Congratulate the stockholders
on the improved business prosperity and
increased value of their property.
On behalf of the Board,
WIN. NJ. CANBY, President.
Tie old board of directors was reelected
as follows. Henry s. McOomb, William
I. Carter. William M. CANDY, William
Candy, Henry O. Robinson, James L.
DtVou, John P. Springer.