The daily gazette., 1881-01-11
From Yesterday. I... Ea,.,.-
D. W. B. \.

~. W. hs II.
ANNUAL NEUTRALITY-SUSPICIOUS. RB-
PoRT-ELKoTIoE OF DIRECTORS.
On Monday the annual meeting Of
the stockholders Of the Delaware Wes-
tern Railroad Company was held at the
compaay's Office In this city, when Pres
ident VIM. N. Candy, on behalf OF the
Directors, submitted the following re-
port:
WILMINGTON, DEL, Jan. 10. 1881.
To the Stockholders of the DetdtodTe
Western X. X. 70.
The earnings upon your property for
the past year, have been as follows:
From Passengers. $l2,4 ,406 2S
Freight....... IL, POOLS
Mail and mise, 4,5Is.94
Iolal. l............. $bV, le0.3o
The ordinary expen-
ditures, including
renewals OF every
kind, have been.. $53,0o8, p
Expenditures for new
property ............ 1,7s5.4O
TOTAL. l.--........ So, 4,S63.62
Excess OF receipts
over expenditures s4,332. 10
owing TO the years accounts closing
With December, the statement given for
height and miscellaneous receipts IL
partly estimated, 80 far as that month is
concerned; but the true amounts will
uot vary materially from those given.
The receipts for 1880 have exceeded
these OF 1879, Ms follows: Passage ST.
O2O.3l; freight, S4,242.69; mail and
miscellaneous, $685. total $5,S46 TS.
There has been an increase IN ordi.
nary opera ing expenses, renewals, 30,
Of $9,274.4l.
Alter mature consideration your Di-
rectors deem 1t advisable TO put the
money which has herel ofore been paid
Tor divlde1ds upon the road, anl this,
with the Increased receipts as above
have enabled the company TO very
much improve and renew the road.
The principal work has been as fol-
lows: 10 remove the freight house
from the south side OF the Christiana
to The loot Of Shipley street, where a
convenient building, with the neces-
sary weighing scales and other appli-
ances, has been erected, the street
paved and iron gutter plated, at a to-
tai cost of about $2250. New frogs
have been put in where our road
crosses The p. w. IL B. r. r, Co., at a
cost OF about $3.50. A new siding
oeen constructed, connecting our road
with the track belonging to the Jessup
u Moore Paper Company, at a cost ol
nearly $1,000 including right of wav.
Several other new sidIngs have been
put IN in Wilmington, and one at kia
nensl, which will increase the busi-
ness of the road. These expenses NAV
fairly be considered as extraordinary.
For the first time in the operation Of
the road, the tres les and bridges have
had, with the exception Of two of the
Red Clay Creek bridges, . thorough
overhauling. This has been an ex-
pensive aud tedious work, but one
which will have to be, to q greater or
less extent continued AZ long as
wooden bridges and trestles are to be
maintained. Over 1000 cToss-ties
nave been put in, and thirty tons of
steel rails have replaced worn-out iron
ones. The rolling stock has required
40 extensive repairs, and is in general
good order, excepting some fat cars,
which need renewal. Several culvsrts
and crossings have been renewed and
with the exception Of the track on the
south side, which needs overnaulinR,
the road in all its departments ID in ex :
cellent order.
The wisdom OF moving the freight
house TO the present location hAA been
aoundAntly shown by the increased bust
ness resulting.
IL has been the aim of the manage
ment TO keep fully up To the demands
ot business 10y furnishing all the facilities
possible and keeping the road and the
fOihng stock 10 a state of eficiency. Iu
his nection It may he proper 10 say
ihat . new shifting engine would nov b.
useful, aud will soon be an absolute ne.
cessity.
lu, conclusion, the Directors would
congratulate the stockholders on the i'm
proved business pto>psn y, and the In.
creased value Of their property:
| On behalf of the Board,
WM. NJ. CAEBY, Presldsnt.
The election for Directors resulted In
choosing tue old board without opposI
ION, as iollJws:-Henry S. McComb
| Wiliiam I. Garter, William NJ Cauby
| William Candy, Henry @ Robinson u
James l. DeVou, John p. Springer.
Inc Directors will meet tomorrow To-
| JTpAuiZatiuu