Delaware state journal. [volume] (Wilmington, Del.) 1870-1883, 1883-07-12

| Annual Statement Showing thc
Earnings and Expenditures for the
Year.
The annual statement of the financial
COMMITTEES Of thu Wilmington City Pass
enger Railway Company for the fiscal
year ending June Both, 1883, makes the
following exhibit OF the dmugs OF the
road in that time
ASSETS
Real estate, depot buildings,
, Nr. ..-.......-.-........... 2l,hil -
Construction n equipments
including livestock -. ... lG5GIl.ss
Advertising IN Citra.......... Is -
'hHi'' ..,-.,..... ..........., lln'H
slpl Az II
LIABILITfEs.
ttnh'iS .--,.. .,,............ .fSUUNlUN
bonds pnys'lo in install
nents ........ ............ 3NWW
Notes ni company in bank lG,anU
---- ~ 5Nl ~
Present worth. sees. ,....... .-. i ~, nl2Ir
Capital stock. l0l,UW 10
Impairment of capital..... s.tS5Ni
Impairment OF capital last
year. .....................,~ p7a,6p
------
Gain since last year. ,.... s l.Gi7 "a
The receipts from passengers for the
year amount to $40, Gsl 40 and in 1852 |
they aggregated $33, 72S Al showing
gain in last year of sG,9530S, about 20 |
per cent. more. The eXpensss for 1883 |
were 1914, 460 80 and in 1882, $29, SOB n,
an increase of about IL per cent or
$4,557.l9. OF the increase $4,172.S7 |
were expended for renewal of track which
leaves the sum of $3S4.32 for expenses
proper to be credited rs an increase over
those OF 1882.
The report continuing says:
To meet the growing demand for more
accom- mediation, the board has deeided to
increase the number of cars on the main
line, and to extend the benefits of cheap
travel, making connections with the main
line, to and from the Ninth ward of the
city. For this purpose four coaches and
three new cars, together with rome 80
horses, have been purchased. Two
coaches have been running on this new
route for about three weeks. They are
very well patronizsd and already nay
current expenses.
The new short-time schedule on main
line, has only just been put in operation.
and there is not a reasonable doubt, but
that the greater accommodations will
materially increase the receipts Of the
company, without impairiug net results.
The tract on the Rising Sun end of tie
line has been taken up, and relail on an
extended street of the city, which passes
through new and thriving settlement,
The Highlands. The track ia now on
public road, with many dwellings already
quilt upon it, and the promise of more
in the near future. The
old route was private way belonging to
the company, and not street whore
building improvements would likely b,
made. The board thinks this change
costing about 81 coos decided benefit
and will prove satisfactory in returns to
the company, and in accommodations TO
an increasing population.
The floating debt is now $40 SOC, which |
will be carried until next January, when
the bonds, now issued for $SO,0G0, will
become due and payable. 1t ia in
thon- tho Legislature OF
this State, having granted permission to
borrow 5000 more II r.quired--to i9eue
new bonds for $l00,000
Dividends were indicated in last wears
statement, but the large outlay of money
to meet the popular demand for greater
aud more extended accommodations, has
again deferred the time for paying then.
1t ia oar wish TO pay dividenda con
when we do begin. The next ,
Xix months business will, we think, deter
nine when we can make that beginning.
We hope, before another year rolls
.ound, that the paying Of dividends will ;
De an accomplished fact.
The report il signed by ]. Y. Head
md j. ii. Adams, Finance Committee