Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1886-01-21
THE DEE WIRE RAILRoIr.
4 Annual MecIing of the stock holders
-alAIisILGN OF Iha. YeAr,s kmsineAn.

annual Meeting of the stock bOidera
Statistics OF the Years BuSiness.
Special Correspondence Of Gazette and Journa
Down, Jan. 14.-The thirty fourth
annual meeting of the stockholders of the
Delaware railroad was held to-day in thu
directors room at the station. and tht
following directors were unanimously
elected by vote OF 49, 6D7 shares =. NJ.
FELTON,, Isaac Hinckley. George Gray.
Charles Warner, Christian Febiger,
Edmund Smith, Joseph X. Whitaker, II.
B. Fiddenan, Manlove Hayes, Alexander
johnson, James j. Ross, Albert Curry and
j. Turpin Moore. After an adjournment
of the stockholders meeting the newly
elected board met aud unanimously
elected Samuel M. FELTON, president, and
Nj. Hayes treasurer.
The following is the directors report
showing a statement of the business for
the year ending October 3lst, 1885:
Earnings for the year:
From passengers. s...........,......... .s2 tS5. IS
From mai and miscellaneous -. S,is7S6
Total; :sS4i,i76 81
Operating expenses per agreement
with lessee, 20 per cent OF gross
earnings. .......--......, .eaouiol.U
- :
Interest on b nds and dividends on
stock paid by lessee. .................s .sl3O,7A y
Showing surplus Of. f..............S6 62,5n07G
0ne-fourth of this surplus has been
paid to lessee az its proportion aud three
fourths applied to the reduction of the
Claims of lessee for previous losses. This
claim is now reduced to $9l, ,140.
The results of the business as compared
with last years shows:
gqin In passenger receipts of. .s17 8 4S3
A gain In misre laneou- receipts of.... 1873 "a
Total al...................... 10,46S67
A loss in freight receipts of......... .$i2,s5.3l
Making total net gain. 3 B,54S3G
iha niinber of cur loads of peaches
carried over your road during the last |
season WIS 3,O52, and of berries 975; a |
decrease OF 529 car loads of peaches and |
81 of berries, as compared with last year. |
Your property has been kept in excel |
lent condition by the lessee. In doing |
this 500 tons of new steel rails, AS tons |
of second-class iron rails, 3,S39 pairs of |
new splices, 897 pairs of second hand |
splices, 43, $50 pounds of spikesand 45, ,409 |
cross-ties have been used.
The following has been the mileage of /
trains during the past year:
Passenger trains have been run 800 53S miles |
Freight trains have been run. -. .2t8 7b5 miles
Distributing trains have been run $3.50 miles /
Total. ACKNOWLEDGEMENTS. .667, 1888 miles.
The accumulations of the sinking fund |
for the year have been sufficient to pay
the sixth and last note for so, 900 (of the
original issue of january 10th, 1880, for |
$40, ,000) and after paying the current ex- |
pense of the fund there is surplus ON |
hand of $SO2.O9 to the credit of the fund.
The amount charged to construction |
account for the last year is S14, ,620.55.
Upon this sum the lessee, by consent, will |
pay six per cent per annum. The chief |
items of the amount consist of the diff |
ference in the weight of new steel rails
over that of old iron rails taken up, new |
passenger stations at Blackbird and Green |
Springs, new freight house at Smyrna, and |
the extension of sidings at Frogtown,
Moorton and Delmar.