Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1896-01-30
A YEAR OF PROSPERITY.
NNUAL MEETING AND REPORT OF
CENTRAL VERMONT RAILROAD.
Largo Increase in Freight Tonnage
Seven Now Iron Bridges and Six Tres
tie Bridges Built-oid Engines and
Cars Discarded.

BIT. Adams. VT. Jan. 23.-At the adjourn
annual meeting of the stockholders of
10 Central Vermont Railroad company
day, they elected these dlrcctors Il. c.
nith +. s. Stranahan, ID. ID. Ranlett,
. Adams; Charles NJ. Hayes, Charles
ercy. John Bell, Montreal; b. d. Smalley,
arlington; w. Seward Webb, Shelburne;
pbert Colt, New London.
The following directors of the Consoli-
ted Railroad company of Vermont were
osen: Il. c. Smith, 3. d. Smalley, L. s.
ranahan, Charles Percy. Charles NJ.
ayes, John Bell and d. d. Ranlett.
The yearly general statement of the
fairs of the Central Vermont Railroad
mpany, for the year ending June 30 last,
as Issued by the officials of the company
tho occasion of this meeting to-dty.
he presidents report shows that the
|mpany has largely increased its earn
gs, with "a decrease in expenditure. The
isiness of the fiscal year was very salts
ctory. and so far that of 1896 is even
ore SO.
The gross receipts were S. los, 49, 70; OPP
rating expenses, 1851, 91s.9s. showing a
BIT revenue of s1,54706077. The fixed
harges were s1.52S. $50. 65. leaving a profit
1S,SS0.12, the percentage of expenses to
Lrnings being SO per cent.
The through freight tonnage shows an
crease for the year of 1929 tons, while
10 Joint and local tonnage shows an In
ease of 1858 tons. thus demonstrating
10 statements of previous reports as to
10 rapidly growing joint and local BUSH
ess of the company. The north and east
bund tonnage has increased 40,57S tons.
The physical condition of the property
lows an Improvement during the past
ear while the standard and efficiency
the track and equipment has been main
3ined
During the year $4,000 new ties have
ben put into the track, and charged to
Expenses; six hundred tons of 70 pound
eel rails have been laid seven new iron
ridges, costing in the aggregate S62.6OO.
hve been erected: two Of these. costing
s, $50, were paid for out of the so-ca!led
utland fund, and the balance charged to
improvements. In addition, six trestle
ridges have been built at a cost of about
2, 900, and charged to expenses; eight new
hssenger stations and II new freight
buses and other buildings have been
rected at a cost Of about $4,000, and
harged partly to improvements and part
to expense. The work of ballasting has
ben continued where needed. About a
lie and a half In the aggregate of new
de tracks has been added to the property
iring the past year.
In respect of the equipment, the report
this year shows an apparent decrease
engines and cars as compared with for
er reports this Is due to the fact that
here have been carried In the accounts
the past, few old engines and cars
rat were small and practically out OF
Frvice. and which the directors have con-
dered out of date, and Improbable to
lt in thorough repair: 1t has been thought
etter therefore, to eliminate them from
lie
yer, that the efficiency of the equipment
as not suffered, but that on the contrary
be present service Is better than it has
zen heretofore.
1t Is with exceeding regret that the
bard are obliged to record the death OF
hree of the oldest directors of the com
hny. w. II. II. Bingham died Oct. -
94, in the S1st year of his age. He hat
ben identified with the property from it.
(ception, and, was eminent in counsel
yal in friendship and devoted to the in
erests of the company. Benjamin j
Dleney died July %, 1895, after holding of
be in one capacity and another in thi!
roperty for "a years; and James II
angdon. 81 years old. died Sept. 20, 1895
ter being connected with the propert,
most continuously in one office and an
her, and finally as it's president
nee the road was chartered. All wer,
emarkable men, all self-made, all at
lined high emnence in point of abilit,
nd position, and all passed away respect
and honored by those VINO knew them
is a sad duty the board have to per
brm, to record the departure of thes,
en- and to mark the vacancies created II
he board. 1t is a privilege to officiall!
Pcord our appreciation of their merit
tegrity and wisdom
BY order of the Board,
l.. c. SMITH.
President.
REVENUE ACCOUNT