Evening journal., 1896-01-13
BUSINESS IS BETTER
Encouraging Reports at the
p. W., & B. Meeting.
SHARED INCREASING PSOsPBRITY

4
And Abundant Fruit Crops Enabled the
Directors to Present n Far Better State
Of AGAirs at tho Flfty-eiehth Annual
Meeting In This City This Afternoon
All tho Old Directors Reelected.
at 10 10 this Afternoon the annual
meeting OF the stockholders Of the
Philadelphia. Wilmington and Baltimore
railroad was held at the Office Of
| Superintendent w N. Barnard ~ the
Wilmington station, with large
representation Of shares OF the company
At the same time the stockholders we're
meeting In this olty. thirteen large
railroad interpretations were holding
their Hnnual msstinga In varioua parts Of
the East The correction OF the number
thlrtsen with the date was several times
remarked upon.
Directors and Cfioers Re-sIsctod.
At the stockholders meeting the di
rectors Ani ofloers were e-slectsd a.
follows. George B Roberts William
Sellers, Jacob Tone. John p. Green,
Benz amin Newcomer, Frank Thomson,
Skiprith Wilmer Hon Edward Lloyd,
Henry d. Welsh, T. Warner. German
h. Hunt, b b Comsgys. n p. Short
iidge. Preston Lea, Jshn CAssels.
The meeting to- dsy was the hfty-
eighth annual and the following we'll
known osp tRlis,s we're present. william
Sellers, John P. Green, Bsnjsmln F
Newcomer. Hkip~lth Wilmer. Honorable
Eaward Lloyd, E. T. Warner, German
| ". Hunt, Preston LA and John Ossssls.
Captain Johu P srsen prssided At thu
Board OF Directors fual meeting and
tine annual stGtomants we're completed
snd approved The shRreholders' annual
meetiug was then called. aud Mr SsllsrS
prealded.
In the sIatsmsnts submitted on the
work OF the year, realization froa opera
tion OF all lines for TIE year endlng
October 81. 1895 was accounted FOR
total expenses, SO 626, 800 70; net earn
ings, 81 6i5. OIL 93.
The Delaware Railroad Company.
Gross earnings. 1929. i29 95; *
penses, $3.50, 6s2 50 net earnings $428
4l7 as From which deduct. Interest on
bonds paid aud accrued, dividends paid
and accrued, interest on equipment
taxes, $sl4 8l7 90; surplus, s2l4, 13J 40
| Appropriated as follow: One half to
| PhilsdslphlA, Wilmington and Baltimore
Railroad Compsny, $i07, Cos %; ons half
to Delaware Railroad Sinking Fund,
$107, 065 20.
President Roberts Review.
Ia his encouraging review OF the
years work President Raberts
says: your sntlre system shared
In the returning property Of
the country and this, togsthor with the
abundant fruit crop on the .PsninBula.
has brought about very satisfactory re-
cults for the year.
Mine old locomotives having been
condemned, their places ware supplied by
new standsrd engines, and two passenger
coaches aud 1874 freight cars were rebuilt.
Four miles OF branch lines and company
sidings and one aud one half miles OF
private sidlngs we're constructed
duri1g the year. There were
used In renewals and repairs 9, ,90a
tons OF steel rail and 800, ,9is ties. The
main line shows a gain Ia gross earnings
OF $3.50 4S2. 20. Of which Sl27, 22l 10 was In
freight and $2, $50 AZ In passenger bust.
rsss; and after charging of the
losses on branch lines, dividends
accounting TO p-r cent we're paid. and
| a BALANCE OF N4flt 4lV 20 tIAnblorroQ, 10
the credit OF profit and loss.
Delaware Roads Fine Showing.
"Ths Delaware Railroad shows excel.
lent rssulta and after earning Is regular
dividend OF 6 per cont, paid over one.
half OF It's surplus, or $l07 065, 90 Ia
your company ss a profit under the
terms Of the leass while also contrlbut-
ing like amount to the sinking fund for
the payment Of It's funded debt. Its 6 per
cent bonds, secured By the mort
gage OF 1st Of January, 1875. foi
$500 coo, having matured July lat, such
Of thoss Obligations as has not been
converted into its capital stock amount.
ing TO $40 500. were discharged out OF
the sinking fund, 30 that the only debt
now upon the property IL al iSsus OF
$500, 900 Of ~ per cent bonds