Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1891-01-15


r., w. & b. r. r., main line, includ-
ing branches Earnings, S4,723,21601 /;
expenses, S3,4l7,308.08; net earnings,
$l,306,907 SO.
Z. u b. q. r, R.-Earnings, $685.
1851; expenses $76s, 760.29; net earn
ings, $156,39l.32
Delaware II. r. Earnings, $751;
776,73; expenses, 725,726.79; net earn
ings, Si32, 0i9.95.
Queen Anne's & Kent r. R.-Earn-
ings, $22,s64.4l; expenses, $42, 0S2.2f;
lots, iSl0,Tl7S3.
Delaware a. Chesapeake r. R.-Earn-
ings, 63,333.44; expenses, 800, 174.30;
loss, SEC, s40.S6.
Cambridge & Seaford r. R.-Earn-
ipgs, S21 ,468,S3; expenses, $31, 71353;
less, $10,2t4.70,
Delaware, Maryland & Virginia r. r.
Earnings, $207, 066.0i; expenses, $780,
409.66; net earnings, $31 ,056.35
Fotal-Earnings, $3.50, 37704; ex-
penses, $3.50, l74.SS; net earnings, ST.
510,202,l6.
The net income was $1,000, 2O2.66, and
the balance to credit of profit and loss,
81 ,13S ,6O5.22.
Notwithstanding the complete failure
the grain crop, the gross earnings of the
entire system show an increase of $321,-
440.90 as compared with the preceding
year The aggregate freight movement
amounted TO 3,704,979 tons, gain of
4l5,257 tons over 1889, made up of 153,-
81 tons OF through and 261 1856 of local
traffic.
The number of passengers carried was
S,l22,039, an increase of All ,993 as COM
pared with 1889
The expenses show an increase of
$685., 462.39, partly in conducting trans
portation and maintenance of cars, but
mainly i'll the motive power department.
This was due chiefly to the replacement
of eight old engines by a like number of
new locomotives of a higher standard.
Extensive repairs were made to bridges
at various points on the different diyi-
sions, and the bridge over the Nanticoke
river was entirely rebuilt to meet the re-
quirements of the War Department.
New passenger stations were also built
at Linwood and Wallingford. There
were put into the track during the year
4,7S1 tons of new steel rails and 1921, 07S
cross-tics.
The third track was completed from
Gray's Ferry to u point near Moore's
station, on the main line, a distance of
gig miles, and the second track from
Swarthmore to Media, on the Philadel-
phia q Baltimore Central railroad, a
distance Of 2,S2 miles. The Wawa
bridge was also widened to double
track structure. Sidings were laid at
various points, making the net increase
in track and sidings for the year 14.56
miles.
The charges to construction and
equipment amounted to $757,S19.6S.
The large outlay for equipment is due
TO the cost of six new engines, IA pas
senger coaches, six freight and 30 main
tenance OF way cars, and TO the pur-
chase by your company of the rolling
stock formerly owned by the Philadcl-
phia IL Baltimore Central Railroad
Company, for the purpose of consolidate
ing this ownership in your company
and saving the accounting necessitated
under the former system.
The Philadelphia & Baltimore Central
railroad shows about the same results as
for the preceding year, the gross earn
ings and expenses both having increased
in about the same amount over those of
1889, and the net earnings being sutli-
cient to take care of its interest and
rentals and leave surplus of $5,677,77-
ctioneXpenditures amounted
in the aggregate to s85,976.1S.
The Delaware railroad, notwithstand-
ing the failure OF the peach crop and
the short grain crop, shows an increase
in gross earnings,but owing to greater
increase in expenses, the net earnings
We're insufficient to meet its fixed
charges and the dividend on its stock.
The deficit, $16,7l4.45, has, under the
terms of the lease, been advanced by
your company. 1t will be remembered
that since the tof October, 1889, your
company has operated this road at cost,
but has to advance any deficit in net
earnings to pay the interest on its bonds
and the dividend on its stock, and re-
ceiye reimbursement for the same out
of future surplus net earnings of the
Delaware railroad prior to the expira-
ton of the lease in 1897.
The branch lines connected with the
Delaware railroad show about the same
deficit in meeting their operating ex-
penses as for the proceeding year, except