Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1895-01-17
THE DELAWARE RAIL ROAD.


DOVER, Jan. 10.-The annual meeting
of the stockholders Of the Delaware
Railroad Co. was held here to-day. Fol.
lowing is the report of the directors for
the year ended October 3lst, 1894;
EARNINGS ron THE YEAR.
Passengers. ..............'...s 534, 545.h
FreghtS.. ............-....,... fo4'oSo.uJ
ceIIane5us. .,....,........... 66, 2ss. As
Total. .......,..,........ ...sl, 100, Z5o.4I
Operating expenses. SISi, 1915
Int. on equipment. "a, 1857
- sls, 1886
Net earnings. ................ 1856, al So
Dividends on stock. .l35, 2OO94
interest OH bonds.... 2,S3uOO lSS03O.A
Showing surplus of.......S 147,4ll.4
One-half of which, under the terms
of the lease, has been paid to the lessee,
and the other half to the commissioners
of the sinking iund provided for the
payment of your debts.
Tie results of the business as com
pared with last year show:
A decrease in passenger receipts
ut..... ....... ...............N 10, lhb. II
decrease in freight receipts Of ISIS, 95S. a
An increase i'll mails, express,
rents and miscellaneous re-
ceipts off,. ago. So
Showing total decrease Of. 1913, 9si42
Your property has been maintained in
excellent condition; $50 tons Of new
steel rails, $500 pairs of splices, ~, 500
pounds of spikes, and S,0S5 cross-ties
were put in the track; l,6S miles OF
additional track were laid during the
year.
After paying all expenses and credit
ing the sinking fund with the interest
received from investments, the net value
Of the fund as of January I'd, 1895, is as
follows:
Philadelphia, Wilmington &
Baltimore Railroad Go. IS per
cent registered gold bonds,
maturing 1926. $40 600 90
Philadelphia Il Baltimore Cen
trail Railroad Co.'S registered
mortgage gold bonds, 4! per
cent, maturing i0ll. ,........ l7s,ooo.oo
Delaware Railroad Co q per
cent convertible mortgage
bonds, maturing lSo5,......'. 100000
Pennsylvania Equipment Trust
4 per cent stock certificates,
series X, maturing lso9...... 100000
Pennsylvania rolling stock
per cent trust certificates.
series A, maturing 1902. 49,. 100000
Pennsylvania rolling stock
per cent trust certificates,
series u, maturing 1907 49,. 100000
Pennsylvania rolling stock 4
per cent trust certificates,
series c, maturing 1902. $1,000. NJ
cash on deposit. S3,S7l .6S
lOlul -....s.,...s ..s..s... SbI |, 81 ,6S
The cash on deposit, $50. S7l SIS, was on
| January 4th, 1898, invested in Pittsburg
| Cincinnati, Chicago, st. Louis ailYay
Co., consolidated mortgage 4! per cent
coupon gold bonds, maturing November
list. 1872, ut par.
The train mileage during the year was
| Passenger trains. ..'....,...........3b S, 05
| freight trains. ..4I4 OIl
| Construction trains. gu
| Total. .,....,............. .....S5l 80
Il will be seen that the construction nc
/ count was increased during the year il
the sum Of S., Sj9.33. due to ain issue q
50 $50 of capital stock to the Philadelphia
| Wilmington " Baltimore railroad CO., il
settlement of your bettcrment account fo
the year 1893, balance of 1913 being still
carried in open account.
During the year, $4,000 of your pc
cent bends, maturing July list. 1896, wcr
converted into capital stock at par; tn
amount of SAID bonds now outstandinI
being reduced to $49J0De of the origina
issue of SGjU,UO0. l.. 7. WARMER,
President.
Over 10000 shares of stock was repre-
sented at the meeting
The following officers and directors wer
elected for the ensuing year President, 4
'ratnall Warner; John L. Green, Henry l.
Welsh. George " Massey, George Gray
William T. Porter, Joseph 5. Whitake,
Manlove Hayes, Alexander Johnson, jaime
j. Ross, Thomas Curry, Charles j. llal
rington. William I. Records Treasurer
Manlove Hayes.
The annual dinner was taken ut til
Hotel Richardson.
TRAINS Ron THROUGH SMOEE,
A New York Fire That Made it Hot fO
the Elevated Road Cars.