Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1889-01-17
THE DELAWARE RAILROAD.
The Annual Election Thursday-An
Increase in the Ses Emrnings.

hhEhGhhsG Au tAb 1Nst hsAtEhttlESe
Special Correspondence OF Gazette and Journal
Dover, Jan. 1O.-At the Delaware Rail-
road Companys annual meeting, held here
this afternoon, the following directors
were elected for tho ensuing year: Samuel
M. FELTON,, George B. Roberts, George Gray,
Z. I. Warner, Christian Febiger, ]. N.
Dubarry, Joseph Il. Whitaker, Manlove
Hayes, Alexander Johnson, James ). Ross,
Thomas Curry, ]. Turpin Moore and Cor
nelius ]. Hall.
Following is the annual report Of the
directors:
The directors respectfully submit to the
stockholders Of this company the following
statement OF It's business for the year end
ing October 9ist, 1888:
EARNINGS FOR THE YEAR
From passengers. ss5S, ,73T 35
From ffeights. ACKNOWLEDGEMENTS. G2O,5Sty "a
From mails, express, and rents...... 5p,14670
Total ......,................. .saiS, ,i;O.ss
Operating expenses as per agreement
with lessee, 10 per cent gross earn
lhEs..... ..,.....--.............. Bia,Hs9ss
Net earnings, ss.,................,...ss7 ALTO
Interest on bonds and dividends on
stocN paid by Lessee. 13l, ,636.iB
Showing surplus Of. .sl43, ,gpl32
This surplus has been appropriated as
follows.
One-half to lessor. or...................S T,052. .16
one-halt TO lessee .,................. 7l.952 IL
sl43,9Gi.3a
The results OF the business as compared
with last year show:
A gain In passenger receipts of......S 4,g71 .g7
a gain in freight receipts of......... 1G90i1.3l
A gain in miscellaneous receipts Of. S,425.oS
Making total gain of............. .slS2, .S7
The number of car loads OF peaches esr-
ried over your road during the last season
was 5.2s6 and OF berries 1850, an Increase
| OF $3.50 carloads of peaches and 304 car
loads Of berries as compared with the pre-
yious year.
Your property hiss been kept In excellent
condition BY lessee. In doing this l7s tons
of stsel rails, 100 tons OF Iron rails, ,73S
pairs Of new spiiees, 76,950 pounds OF
spikes, and 74,t97 ccosstles nave been
used. The whole main track IS now laid
| with steel rails. During the year 7.12 miles
OF track have been ballasted with gravel.
The following has been the mileage OF
trains during the past year:
Miles.
\ Passenger trains have been rum. .2T9, ,76s
| Freight trains have been run ........... .43i ,2gs
Distributing trains have been run....... 1d,46t
Total. RS ,5at
After pa Jing all expenses and crediting
the sinking fund with interest received
from loans and investments, together
with its share Of profit of Delaware rail.
road for the psst year, the net value Of
the fund as Of January LIST, 1859, is:
Cash and loans... .SlO6,s j.
| Eleven . per cent bonds Delaware
railroad, due 1895, cost Sl3,i9S.3i).. 11,000.0t
The amount charged to construction
account for the past year is $22, 753. "a
(Ihe amount charged to construction
account from january 1st, 1887, to octo
ber 3lst, 1888. covering the cost o.
second track and other bettermenta, have
| not get been paid OF under the pro.
visions of the lease. The account is now
being adjusted. The total length Of
second track is now 9.3 miles.) Upon
this sum the lessee, by consent, will pay
9 per oent per annum. The chief items
of tho amount consist of the cost of sid
\ ings at Blaokbird, Clayton, Brsnford,
Dover and Dslmar, new treaties nt
Wyoming, new coal elevator at Delmar
and In the difference in weight of new
steel rails over that Of old iron rails
taken up.