Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1890-03-28
ANNUALSTATE MENT
OF PRESIDENT c. D. HUBBARD, OF THE
-PEWIKY~ COMPANY.
A Very Satisfactory Condition Of AHairs-A Sick
Dividend Dsclared-Ths New Depot
The DrectlrS

The annual meeting OF the Stockhold-
ers Of the Pittsburg, Wheeling and Ken
lucky Railroad Company. was held at
the office Of the company, in this city,
Yesterday afternoon. p. b. Dobbins, the
representative Of the county's stock.
presiding. The annual report Of Presi-
dent C.. d. Hubbard was read, showing
that the company was in an extremely
satisfactory condition, and more
prosperous than ever before. The action
of the Board Of Directors in increasing
the capital stock of the company to
$500. 600 was approved. and stock
dividend of 10 per cent carrying out
that recommendation was likewise APP
proved. The result of that action Is 10
nut about SlG.O In the treasury OF the
county. as her share of the new stock
will amount TO about that sum, and II
will easily bring par or more. The ola
Board of Directors was elected. as iOl-
lows: G.. ID. Hubbard, john Mcclure.
Henry X. List. Joseph Spiedel, j. y.
Mccullough and Thomas ID. MeSSler.
The report OF the President, IN DETAIL
was as follows:
To The Stockholders of The PttsbuTg Wheeling
and Kentucky Railroad Company;
Your Board Of Directors herewith sub
init the annual report of the operations OF
YOUR road under the lease 10 the Pittsburg,
Cincinnati and St Louis Railway Com
panv. for the year ending December 81,
iSs9. and the financial condition OF your
company at that date
The GROSS earnings of Your road. a> ,
reported hN the le>>ee. were.--..-- f--o'-'-' -
The operating expenses
were. OBSERVATION-DISCLOSURES. -sl.sl.& ~
llirr of equipment ...--- lo.'-o %
Paid ou -uudry old ace $500, -
Net earning, for the year.. ..... ssoio9 10
Add balance due Dog tlc
lessee Dec 81. lS,S. ou -, 90,
account 90 net earnings. -...---.-- f-o'u'o -
;;mon,, ,. Dec 81 is.o. ............ siOc5is IS
Deduct payments made TO John +. David
son. Treasurer, during the year ON account
of above.
March 18th .................s $500 %
April 18th ...... .-....- --.- l2uV ~ 49, 49,, ~,
tnrn.f Ism ......... 300 90 5000 ID
Leaving balance due hy lessee. DE
crmher Slst. lSS9. on account oi .,,s
met earnings. .----. --------'t' '''' E
The expenditures Tor nei-
termcnt> during the
YEAR isSg. wcre..-..-...- eot'n -
Les, paid on account 90
earnings. .......... I459 -
Leaving 20 balance due tine
lr~>er Doc. 81. iSsg. ON
account of hrttermcut--- ......--. e9t' ~
The net earnings of your TOAD for lN>9 as
L..
following payments viz;
Interest on SOOUUO fist mort
gage bonds 40 per cent. .sliUo
Sinking fund psr cent on bonds
MIN, n'l ,.ort..s,' bonds hi 3 percent ia4So
SinLin.. fund uor cent. uu bonds 1915
SALARY Of q. Il. L Hubbard. president 20
SALARY 90 IN. liellyillc. secretary 100 HoS-'N"
Leaving IL surplus FOR the yearaf-
..b.-..,., ~ ~ . ''''.'' sD6Iii6
Oruearly ma percent. on tine cap
ifal stock. --...--+-.
The Trca>urcr's account is here
with submitted. showing ball
4 auc, 900 the hands oi the Treas
urrr December 81 lS9.......... slA9el
Also i'm connection with the treasurer's
account the general aud income accounts
are Submitted. showing in brief the result
Of the years operations aud the balance
sheet Of the company
The earnings and expenses of your road
for the year 1850. under the different heads
of account, compared with those for the
year lSSS. will be seen by the following
statements.