Morning journal and courier., 1891-12-16
RAILROAD MEETING.
The Annual Report of the HOusa tonic Railroad COmpany-Thc Derby Road Annual.

The Annual Report of the HOusa-
 tonic Railroad COmpany-The Derby
 Road Annual.
 BRIDGEPORT, Dec. 15.-The annual meet.
 ing of the Housatonic Railroad company
 was held here to day. The annual report,
 which was read by Vice-President W. H.
 Stevenson, embraced the operations of the
 company for the fiscal year ending Septem-
 Der 30, 1891. It showed the passenger
 earnings for the fiscal year to be $572,-
 92O.37, an increase over last year of S43,
 06678. The freight earnings was $751;
 1.16, decrease of $f4, ,827. 52 over last
 year. The freight earnings of last year
 were swelled from the fact that the com
 pany transported ice to the extent of $50,-
 900 but the last years transportation
 of ice only amounted to $6,000. The
 loss of freight revenue on account of the recent washout of Shelton amounted to $15, ,000. The report showed that the con- pany in order to meet the increased busi- ness over the Danbury and Norwalk
 division, and in the interest of safety found it necessary to relay that entire division with new 70-pound rail during the year. Other improvements were the
 building of two miles of siding, an addi- tional transfer bridge at Wilson's Point, a
 branch to connect with the Long Island railroad, the New England terminal and the New York and New England railroad, which will increase the business and make the profits very heavy during the coming year. The road suffered the loss of revenue from the interruption of traffic over the New Haven and Derby l lixvioi I,xyf flar h. freshet of large portion of the trestle over the Housatonic river at Shelton The structure was, however, rebuilt, and the cost charged to operating expenses. The company also suffered during the past year the loss of large coal bin in this city, and | much damage to it's adjoining property, all of which have been rebuilt or repaired. By the filling in of the road flats in this city the company has gained large tract of ad- ditional land, needed for the stor- age of cars, etc. During the year three new locomotives have been and four others are now being con- increasing business, and in all probability year to still add to the motive power of the company. The statement of the in come account for the fiscal year was as fol- Gross earnings. .S1 ,541 ,794 15 Operating expenses. 94s,291 g Net earnings. 592, ,502 48
 Liabilities. 7,ass,7 ,7sS S
 The total revenue of train mileage is stated as being 1,1S2,71S number of pas sengers carried 1 ,454,775, number of tons of freight carried 899,9 The rolling
 stock of the company shows 53 locomotives and 1 1884 cars.
 Officers as follows were elected: Presi- dent. w. H. Starbuck; W. H. Stevenson, vice president and general manager; Nj. E. Stone, treasurer; A. J. Porter, secretary; E. c. Robinson, assistant treasurer; di- rectors, W. H. Starbuck, John L. Mo- Cauley, Thomas Rutter, William E. Downs, s. E. Merwin, William H. Stevenson, A. T. Mygatt, Henry Crawford.
 Colonel Stevenson, the successful gen. plimented by the directors for the efficient manner in which he had directed their property for the past year. It was the general impression that Colonel Stevenson had exercised wise judgment and discrimi- nation in his work as manager, and the policy was highly satisfactory.
 At the annual meeting of the New Haven and Derby railroad this morning Colonel William H. Stevenson was re- elected president, and the other officers are as follows: Secretary, D. J. Porter; treas urer, E. 0. Robinson; directors, Thomas Wallace of Ansonia, Franklin Farrel, W. H. Stevenson, A. J. Porter, s. E. Mervin, John L. McCauley, Henry Hentz, E. V. Carey, M. E. Stone.