The Windham County reformer. (Battleboro, Vt.) 1876-1897, 1896-02-14
THE TRoLLEy's FIRST SIX MONTHS

THE THOLsEf'S FIRST SIX MONTHS
As Shown by the Report Mt the Annua
Meeting Tuesday-A SIX Per Gent Divi
dend Declared and Handsome Sun
Carried TO Surplus Capital stock In
siOns for the Future.
Tho annual meeting OF the Brattle
boro Street Railway Co., was held a
G. W. Wyman's Office Tuesday even
ing, 27O OF the 400 shares being repre-
sented. The report Of the Secretar.
and Treasurer. II. L. Hunt showed tina
s4s, 9s2 had been put into the con
struction Of the road, for which 81, ,OO
of profits had gone, besides the $40, 00
standing. The extension to the fai
round cost "a, 246, and the company
share of the cost Of the new bridge a
West Brattleboro, Of grading ant
changing the highway at Canal stree
and other points, with several new
switches, new cars, &C., made neces
sary by the unexpected business he
ing done, accounted for the expenditure
above the S32, GOO originally planned
The receipts for tho first six months o.
the roads operation we're 81, 1856 and
the expenses s7,400, leaving net
profit Of only few dollars short o.
"a, 600 subject only to such deduction
as may be just for depreciation of the
plant. which cannot be at rate ol
over 10 per cent year, and should
hc somewhat under that as a good dca
of money from the expense account has
gone into it. This is quite different
result from what some of our wises,
financiers predicted few months ago
when they said the road could not pos
sibly pay running expenses or carry over
300 passengers day. As matter of
fact the net profits have been frac,
tion over S2l day. Naturally, the
stockholders felt rather CHEEKY especial
| ~ on President Crosby's statement OF
the business outlook. The company,
| he said, had been fortunate in not hav-
| ing heavy snow storms to deal with,
but the experience of the past fort
night showed that travel was enough
heavier in storm and snow weather to
more than offset the cost of taking
care of the snow. They had also shad
an assurance from the electric light
company of reduction in the cost Of
power. The power had been very sat
isfactory as regards quality and the
contract rs made with the electric
light folks was fairly satisfactory one
for two cars but for three it became
too high, making the average cost some
Al cents per car mile while the rule
elsewhere is from two to 31a cents and
reaches four in a very few cases only
where the heaviest grades are encoun-
tered, where but few cars are run and
where coal has to be used entirely
spcfaod nf vaorf tar hQrn
Mr.. Crosby thought large daily saving
could be effected here and hoped and
believed satisfactory contract could
perience, with the electric light folks
and it would be far better for all con-
cerned; if not, the company ought to
be in position to put in plant OF its
own.
The resllt of the showing was vote
to pay q semi annual dividend of three
per cent After full discussion it was
also voted to increase the capital stock
to clear of present debt, buy more
cars when the directors deem it neces-
sary, purchase the car house at the
West Village and the land on which
that stands at Pine street, which are
both private property, extend the line,
put in power plant or mane such other
as the directors may
deem necessary. The vote was to III
crease the stock TO $40, 600 to be issued
in in such amounts and at such times
as in the discretion of the directors may
be desirable to pay the debt, and pro-
vide for the extensions Mr.. Crosby ey
planned that there had been strong
call to run the line through Esteyville |
and out Flat street. The difficulty
with the former extension is that the |
highway leading from Pine street to- !
wards Esteyville. is not regularly laid |
out one, being owned by the town only |
by prescriptive right, and is narrow !
and crooked and change would have |
to be made there 70 render the project |
feasible. The Flat street extension
is one that ought TO be made and
carried out around Birge street by Es-
-ey's shops, provided it can also be
accompanied With an extension to the
iepot. This would run il to the doors
If all our big manufacturing establish
nents and Holden & Martins lumber
ard, and would mean big freight
business and big saving to all by load
ng and unloading cars at their works.
The idea of authorizing $40, 600
tock issue is of course to provide for
power plant if necessary. President
Jrosby and the directors said they be-
ieved a satisfactory arrangement could
md would be made with the electric
light company; but the stockholders
we're strongly in favor of a plant of
heir own unless that could be done.
The vote was unanimous. Without that I
the new issue will not exceed ;
10, 600, or sl5, 600. The present stock :
olders will have the privilege of TAX
ng it at par, but whatever goes out {
ide will be sold at the market price.
1t was voted to change the date Of
he annual meeting to the second Mon
ay in August so as to follow each
ears operation of the road. The s
Id officers were unanimously elected s
D serve another SIX months until G
he completion of the year. Directors,
}. G. Crosby, E. l.. Waterman, 8. s. |
Iunt, John Sargent and H. l. Emer- 3
On president, f. c. Crosby; E. L. i
Waterman, vice president; F. L. Hunt, a
scretary and treasurer. n
Col. and Mrs. G. W. Hooker give a q
lrge party at six handed euchre at I
leir Main street residence this even .
,g. 4
A small party en)oyeu IA sleighride t
} Northfield last evening with supper t,
tho Loveland house. t
The Junior Christian Endeavor So Y
ETY. of the Baptist church were given =
sociable Wednesday evening from to =
O'Clock. Games were played and :,
Ike and coffee served. The children q
ere given valentine filled With o
ndy as a souvenir of the occasion. t'