Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1890-01-16
DELAWARE RAILROAD.



--Election off Directors.
Special Correspondence OF Gazette and journal
Dover, Jan. l0.-Ths gnnusl meeting
of the stockholders OF the Delaware Rail
road Company INST here yesterday for the
purpose of eleoting directors and officers.
Amone those present were: d. j. Derrick
ron, Thomas jackson, Samuel Hanna,
Edward Garrstt, Thomas Darlington,
Wilmington; N. h. johnson, Pennington;
James j. Rugs, BeRtord; Thomas Curry,
Greenwood; Joseph h. Whitaker, Man
love Hayes, Dover; o. j. Harrington,
Pennington: Frank Owens, P. N. Powell,
Harrington; alexander johnson, Farm
ington; j.. purpin Moore, Laurel. The
report cf President Febiger WIS pre-
Bented as follows:
The directors respectfully submit to the
stockholders OF this company the following
statement OF its business for the year end
Ing October 3lst, 1889:
EARNINGS FOR THE YEAR.
From passengers. s.....................s .s2B9p6a 81
From freights..... ...................,... 5SU,52D.5l
Mails, express, rents and mscel-
laneous... ......,................... H,G3T.sa
Total. ACKNOWLEDGEMENTS. ,sS3i,4si.G7
Operating expenses as per agree
gross earnings .................... 5s4,13e27
Netearnings, s,..4...........m..,.,. s250,345iO
Interest on bonds and dividends on
stock paid by lessee. l3T,22SO3
Showing d surplus ,sll3, III. 81
The surplus mas been appropriated one
halt TO lessee end one-hnlf tc lessor.
The resnlts OF business es compared with
last year show
decrease in freight receipts or. .s1o,OO6.'b
gain in passenger receipts
oi Observation-Disclosures. .S3,53O.lU
a gain in mail, express. rents
and miscellaneous receipts
OF H., ....,....,....... 2,i90G2 S602l.ii
Showing II total decrease of.....,,..,. .3s3DS5.ii
Toe Number of car loads Of peaches ar-
rived over your road during tue last season
was ,40l, and OF bsrries, 1929; a decrease
OF 3,S95 car loads OF peaches AMI 27l car
loads OF bor;ies, as compared with the pre-
vlous yERr.
Your property hRs been kept In excellent
condition by lessee. Dlring this year 13J
tons OF stesl rails, 81 tons of iron rails
3.296 pairS Of spices, 1880 pounds ot
spikes and 50, ,479 cross ties have baeu used.
During tho year II 10.lC0 miles OF mai1
track have haHn ballasted with gravel and
lS 100 miles with stone.
The following hee been mileage OF trains
| during the rnst year:
Passenger trgihs have beGn run. .2l5.3Sl miles
Freight train ms il;lvc been run. 4. .4la,j4D "
Distributing trains have been run. a4,1hi
\ Total ....-..t...-....t......... ..Ilhbol
After paying all expenses aud eredltlng
the stnktng fluid With interest secured
| from loans and Investments. togather With
| its share OF profit from the operation Of the
] Delaware railroad for the past yehr, The rel
| valEe OF rho tIDi as OF January lst, 1890 |;
4 Ca-h in leases and loans. .fliG,541 6.
I f'hirty-llye i per cent bonds Dela-
ware railroad, due 1879 cost ii2,-
| IOtai.+., s4el'Dff fsO
The amount charged to construction
aceountfer the past year consists mainly g
| the cost OF new passenger station o. Green
| wood, and Of land and sho;s at Cla ton
| upon watch sum the lessee, by Consent,
will pay 6 per cent per annum.
TIE following directors were thei
elected ny a vote of 81 3oa shares o
stock: Christian Febiger, j s2. Gresp, J
N.Dubarry, George Gray, f. 4. Warner, II
d. W lsh, Joseph Il. Whitaker, Manlcvt
Hayes, Alexander Johnson, James j
Ross, Thomas Curry, j. Turpin Moor
and Charles j. Harrington.
The directors subsequently organized
by electipg Christian Febiger of vii
niinston president and Manlove HGyea o
Dover secretary and treasurer. Ate
which they repaired TO the Hotel Rich
srdgon and sumptuous dinner wa
served.