Daily Republican. [volume] ([Wilmington, Del.]) 1874-1890, 1883-01-12
FOURTHEDlTION


Ths Tnirsy .asss Aasaal Aessisa
oT the 0seskhslasss % Doves Yes
sesAay.
The S1st annual meeting Of the stock
holders Of the Delaware Railroad Com
pany Was held at their offios In D0veI
yesterday. Alfred Cowgirl was ap-
pointed chairman and MAnlove Hayes
Secretary. The report Of the President
and Directors, and the statement OF the
Treasurer, we're presented. read, Ap'
proved and adopted.
The meeting then proceeded TO the
election Of thirteen Directors and q
Treasurer for the ensuing year.
Edward T. Bellah ard Thomas Oar.
lington were appointed tellers.
On counting the ballots 1t WA found
that Samuel NJ. FELTON,, Isaac Hiuckley,
Andrew q. Gray, Christian Fsbiger.
Charles Warner, Edmund Smith, Isaac
Jump, Manlovs Hayes, James j. Ross,
Alexander johnson, Albert Curry and
J. Turpin Moore we're elected each hav-
ing received 29,l0l votes, oil the votes
cast were elected, and Msnlove Hayes
was elected Treasurer BY the same vote.
George V. Massey, Wilson L. Cannon.
and I'd ward Ridgelsy were appointed
. committee 70 audit the accounts Of
the Treasurer previous to the next an.
nual nesting Of the Btockh. ldsrs.
After the adjournment Of the STOCK
holders Meeting. the newly elected
Board met and unanimously elected
Samu NJ. FELTON,, Esq, President and
MAJ inya II a vas AaNpatnpv
Tbs Directors report to the Stock
holders for the year 1882 ending, Octo.
ber 3lst, sho we'd the follow ing:
EARNING FOR THE YEAH.
From passengers. ..................sloo,ss 2. N
Freights. Observation-Disclosures. wv, &l.T
Mails and Miscellaneous. &.0+9.96
Total. ..................... $5"5 O7s.l7
Operating expenses as per agreement with
Lessee, 10 per cent ofgross earnings, s4l6, b55.-
IL.
Interest on Bonds and Dividends on
stock paid BY Lessee, Sl3O, 2C3. IS total
expenses, e546, 1887, leaving . surplus
In favor Of the Company Of A8, 1880.
One fourth Of this surplus has been
paid TO Lessee ~ iLs proportion, and
three fourths have been applied to the
reduction OF the claim OF Lessess for
previous losses.
Tho result of tho business ~ com par.
cd with 1881 shows the following:
Gain in freight, $3.50, 1872 9s; Gain In
Passenger receipts, Sl2,0Ol AZ; Gain In
Mails and Miscellaneous, l4,497.lS
Total, S166, S3l53.
These results the Directors say should
BIZ very satisfactory. The large gain in
freight receipts Is attributed To the
years great peach crop. The weight OF
peaches carried during the past season
was nearly Al, 600 tons, aud Of berries
nearly 5000 tons.
The property has been kept In excel
lent condition. In accomplishing this
$50 tons of steel rails, 662 tons of mend
cd iron rails, 40.320 Cross ties, 6 Whar-
ton switches and . Wharton frogs with
due proportion of other materials,
have been used.
NUMBER OF MILES Run.
By passenger trains, 1877 400; by
freight trains, 2l9,92s; by construction
and wurk trains, 6,7S3. Total, 1883, III.
The accuiuu iatioDs Of the Sinking Fund
for he year have been sufficient to pay
he D,rd note ioI 1000; OF the original
Issue OF January lOtL, 1880, for S42 900,
aud after paying the current expenses
of the year including interest on the
outstanding notes, leave surplus Of
$202 90.
The construction account has been
increased during the year by the con-
sent OF the Lessor and Lessee 10 the
amount Of $7,043.73, uDon which the
Lessee Is to pay 6 per centum per an.
mum. The chief item of this amount
consists of the difference In the cost Of
steel over iron rails, the additional
weight OF new rails above the old iron
rails taken up.