Morning journal and courier., 1882-06-07
Air Line Railroad.

Tho Annual Meeting and Business Tran
 sacted-The Favorable Status of the
 Affairs Of the Road.
 The annual meeting of the stockholders ot the Boston and New York Air Line railroad company was held yesterday afternoon in Middletown at the company's office in the new depot The gross earnings for the year were $2o7, 291 45; operating expenses, $123,- 225.O7; net earnings, STA, ,066.6S. The fol- lowing figures were presented showing the earnings and expenses from the year 1875 to 1881 inclusive, being resume of the earn ings and operating expenses of the company during the period of it's organization Gross earnings for the year ending June 1st, 1876 -Slo5' 9oo D Operating expenses same period ,,,,. 128, ,635 16 Net earnings. S37, ,351 IT Gross earnings for the year ending April . 3Oth, l877. 355 4 Operating expenses same period 126, 752 59 1 Net earnings gs.................... s47,6O2 86 l Gross earnings for the year ending April = 3Oth 19|9.e SZo5,9l3 ~ Opevating expenses same period. 189, ,443 22 Net earnings. s77.482 AS
 soth, 1878. $267, ,644 46 Operating expenses same period 17s870 12 Net earnings. s88774 94
 3oth, 1880. s274, ,177 58 Operating expenses same neriod 125, ,537 G3 l Net earnings s148, ,639 o5 l Gross earnings for the year ending April = Operating expenses same period ...... l25,856 06 l Net earnings .s455, ,763 3A 1 The directors report shows very satis- factory condition of the roads affairs and l &Io oIox ! Notice is called to the report as follows.
 'sThat each year there is marked increase in the income of your property and without a correspond ing increase in expenses in obtaining the same Ii will be observed that during the first year aae o yonl during the last year S297 45 showing an increase of 1905 l2 that during the first year the operat ing expenses were SIPS 635 16, and during the last year Sl23 225 07, showing decrease f $5 4iOO9 This Improvement s shown equally in the ph! sica cond1 ton of your property and you are urged to examine the same to verify this statement Where th~re was defective roadway, with superstructure incom plete and out, you have roadway equal tC any in the tate of Connecticut with superstruo ture of the most approved character and in excel ! lent condition In place of the most meagre equipment you have that which is all-sufh- ! cient for the traffic you command During past year the road ea has has besn da propef s numerous bridges rebuilt and trestles replaced with l more rmanent work, station houses repaired and painted and pot built at Middetown, suf
 1cient for the accommodation of the pubic aud the uses Of this company. With all you have begun tc
 
 of dividends, and at the rate of four per cent per annum which it is believed will be continued, anC hope increased The New York; New Haven and Hartford Railroad company is about to adopt moro
 liberal policy toward 1Js patrons by the improvement of it's plant and increased faciiti for traffic. whicE may add largely to it's rgs and divert business
 it's line wh ch heretofore found it's way through other channels Such result will materially in earnings of your company by of the l alliance which you have with the New York, New l Have and Hartford Railroad compsny, and whict tn recent railroad agitation has shown to be nos
 important to it in the future of its franchise ant ! property"
 Directors were chosen as follows: H. B
 Hammond, D. B. Hatch, $. s. Sands James
 H. Smith, A. Duprat, New York; T. L. Wat son, Bridgeport; Theodore Adams: Philadel phia John N Camp, Middletown Silas F
 Loomer, Willimantic Simeon E. Baldwin
 Henry G. Lewis, New Haven. MT. Dupra succeeds Edward H. Bonner of New York and Mir, Adams takes the place of H. Walter
 Webb, also of New York. These were tht only changes.
 President H. B. Hammond reelected president, and Treasurer D. B. Hatch, Secre l tary T. l.. Watson and Superintendent J. H ! Franklin were also re elected to their respec tive positions.