The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1893-01-10
The Annual Meeting,

The stockholders OF the Philadelphia,
Wilmington d Baltimore Railroad
Company held their 55th annual meet
ing In this city yesterday afternoon,
when the report of the directors
showed that the gross earnings of all
the lines controlled by this company.
for tho year ending October 81, 1893.
was 90, 487. scope, and that tie expenses
for the same time were S7,275, l750o,
leaving net earnings OF %, l62. 6271S.
The gross earnings from the opera
lions Of the Philadelphia. Wilmington
d Baltimore railroad and roads con-
trolled by 1t for the year ending Octo-
Der 3lst, 1892, were 50. 437, S02.2 and
for the p evious year, o., 1874. 99S. 65;
showing an increase In gross earnings,
lof 81, 2 AZ S03.61; the expenses for the
same period were S7.275, l75G5; and
for the previous year. S5,293, 1924,
showing an increase In expenses OF
81, 9S2, 052. "a; the net earnings for the
same period were So, 1872. 627ls, and
for the previous year, Sl,9o1. S16.31.
showing an increase i'll net earnings
of $3.50, 750.sT.
! The large increase In the net earn
ings are due to the fact that during
the year ending October 81, 1892, the
com pany operated the Baltimore 81
Potomac and the Washingto ton Southern
roads, which before that time had not
been under its control.
Excluding the operations OF these
new lines for the past year. a compari-
son of the result for tho past two years
shows as follows: Gross earnings for
. the year ending October 3ist, 1892. were
81, 26s. $50. IS; and for the previous year,
"a, 1874, 0DS.65; showing au increase In
|, gross earnings of $73 ,63S03. Tho ex-
fnr thn y n narinI ~
l4l9 4432l; and for the previous year,
S.. 293. 1884; showing an increase in
the expenses OF sl26 320.S7. The net
Earnings for the same period were 81,
$40, 1913. a, and. for tue previous year,
81 ,9oi ,S76.3i; showing decrease in net
earnings of So. 6S2.S4.
Ten new engines and ten passenger
cars were added to the equipment, and
five hundred gondoias were provided
for use under the car trust arrange
ments. Seven old engines Were re
placed by heavy standard locomotives
and nineteen old cars replaced by now
ones. During the year ono hundrad
and twelve new freight cars were built,
! aud eighty.live cars, formerly the
property of the Baltimore and Potomac
Company, were bought.
The branch lines connected with the
: delaware railroad show i'll the aggre
4 gate u greater loss for tho year, owing
Yin measure to the failure of the poacl
lcrop heretofore referred to, there being
a large decrease in gross earnings OIL
,lboth the Queen AIMS u Kent aud Della
: ware u Chesapeake roads.
The Delaware, Maryland & Virginia
i railroad, while showing an increase il
: gross earnings, has Il larger increase
y i'll expenses, the result being that tina
9 line earned hut $40, nos IS toward the
iIinterest on its bonded debt.
Since the last annual meeting Chris
:, tian Febiger and Joseph N, DuBarry
II Two of tho directors, have died. MI
Fsbiger had been director OF th'
company since July 1850. and Mr.. Du
Barry since July, 1881, and during
their entire connection with the com
\ pany their ripe Judgment, pronouu
Z ced ability and long experience ha,
& made them valued ana trusted coun
Isellors In all its affairs. while tlei
genial and kindly traits of character
had endeared them to all their asso
n ciates.
81 Mr.. Preston Lea was electsd a diree
o tor to fill the vacancy caused by tn
Il death Of Mr., Febiger, aud Mr.. JOIN
lCassels to fill the vacancy caused by
the death Of Mr. DuBarry.
!. The following directors were IT
Ielected:
George B. Roberts, William Sellers
,rIJaeob Tome, John z, Green. Benja mi
!. II. Newcomer, Frank Thomson. SKIP
It with Wilmer, Hon. Edward Lloyot
a. Henry ID. Welsh, Il. T. Warner Germa
d II. Hunt, i. b. Comegys, n. 2. Shor
ridge, Preston Lea, and John Ca3sels
After the meeting OF the stock
MI holders there was u session of the d
rectors. The latter reorganized by RI
lelecting MIR. Roberts president an
m Mr.. Thomson, Weep president. Tn
- other officers were reappointed.