Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1898-01-13
THE P, W. & B. RAILROAD
SlItleth Annual Meeting Of Its Stick
holders Held in This City.
BOARD OF DIRECTORS ELECTED
A Synopsis of the Reports Sub
mitted by OfficieIS.
THE OPERATIONS ON THE yRANCH LINES

lGe NOtu huuuHl HeblluE VI tNb bNuCN- |
hol,iers of tho Philadelphia, Whining
ton Il Baltimore Railroad Go. WIS held
at French street sntion last Monday
and the following directors were elected
for the ensuing YER: Frank Thomson,
William Sellers, jacob Tome, John =. |
Green, BenjHmip II. Newcomer, skip
with Wilmer Edward Lloyd, il. \.
Warner, Germn ii. Hunt, u. u.
Comegys, N. l.. Shnrtridgs, lrestun
Lea, John Cieuols, Charles Il. pugh
and William 4. Barnes
The roportof the directors for the
year emitting October 3lst, 1897, which
was submttod by President Fraus
Thomson, showed tho following: Earn
ings. IS, 7sl. 43G. IS; exrersts, SC, iol,
200. 10; not earnings, S., 5SI, 23i'3s,
The gross earnings from tina opera
tions OF tho rhiladeluhia, Wilmington
Il Baltimore raiIrond and roaus COO
trolled by it for tho year ending Ocio
her 3lst, ls07, were IS. I91, 41G. IS, and
for tho previous year az, 1iI. 1880,
showing decrease 10 groHH earnings Of
S255, 60I. 81. The expenses for the sana
period Tere &c, iOl. 200. 10, ard for the
previous year S. ga, 00I. 5b showing II
decrease in expenses Of $3.50, So. 40.
The ret earnings for tie same psriOd
were 81, 3S7. 2;il 33, and for the previous
year 81, 3j3 l23. u, showing an increase
in net earnings Of Sii4, i0T.Gl.
Tho net earnings from operation were
'S2.3S7, 23l.3S, and interest on invest
mDnts, general account aud from branch
and other roadH for use of oquirmnnt
Sija. iCu. 20; gross income, 81, SlG,-
60l. 81, from which il deducted in
forest on bonds. car trusts, mortgages
ami ground rents rentals, leased and
operated roads, taxes. cnst of revision
of grades and alignment, sinking fund
appropriations for bonds duo April lst,
1900, and juno 1st. 1910, advances to
Delaware & Chesapeake Railway Co.,
taSes paid ON account of. branch roads
and sundriea, aggregating 81, ia, I32. 30,
leaving net income of 81, 100, 90S, G3.
From this are deducted dividends
No. 100, 3 per cont, paid July, 1897,
s:l54, $50. so, and No, l0l, per cent,
PAYABLE January, 1898, si72. ia. leav
tug balances Of S273 Col. IL. which
is transferred TO tho credit Of profit
and loss. The amount to the credit of
profit aud loss November lst, 1896,
from which deduction Of sli6, 81. 3d
was made, being the amount charged
oil in reduction OF value of securities
md settlement of sundry accounts,
making total of 81, 406, 62l.3O. The
aggregate to the credit of profit and
loss, at the end Of the year, October
both. 1897, was 50, ESQ, 225. Az.
The results for tue year on each
property Nere as follows:
philadelphia, Wilmington e. Balii.
moro Railroad Co.. main line and
branches, gross earnings, 81, 3G2, 379. 81 /;
operating expenses. S3,Ol4, 4ll.90; not
earnings, 81, BAT, 9G7. AZ, to which anu
interest on investments. 1851, SS5 81 !;
interest on general account and on
equipment, Sl0j jIi.70; tutal. Siia,
4G0 90. Groes inGome Philadelphia,
Wilmington II Baltimore Railroad Co.,
1907, 427. Ct; from which deduct in
terest on bonds, S25j, 200; interest on
mortgages and ground rents. and in
tsrest car trusts. s;iS, 43S. 30; taxes
Sl25, 500. 63; cost of revision of grades
and alignment, Sl9I, li9. GS; sinking
fund appropriations, s3G 600; loss on
operation Philadelphia IL Delaware
county railroad, 81, 3i3. 80; LOGS on
operation Queen Annals & Kent rail
road, Sl3, 20T. SO; advances to Delaware
" chesapeake railway, SIG, 000; taxes
paid account branch roads, 81, 7AS. 81
sundries. Sl3. 5l3. 49,; total, ST06, 400 Oh.
Net income. 81, 100, 95S. CD; dividends,
per cont, 1927, 3jl. 80; surplus, s2T3,
Goa. H.
Philadelphia & Baltimore Central
o.--Gross earnings, SSlS, OF. %; ex
penses S70S, 4la.59; act earnings,
sl09. Gl3 G3; interest on deposits, SO,
74l.97; gross income, Sl32. 355. 60: do
ductinns, Sl66, 540. 10; deficit, S3l, lS5. ID.
Delaware Railroad Go. --Gfoss earn,
ings, 81, 0s7, i66. SO; expenses, S16G. :}0a
Go; net earnings, 1921, l62. G7 receipts
from other sources. SIP, S72 &C; gross
income. 1914, OBS. 80; deductions fol
interest, taxes and right of way OK
ponses, S52, l39. OIL; net inuome. l2Sl,
500. - dividend, per cent per annum,
$l6l. 230. 80; amount charged agGius
dividend fund, in adjustment Of rNnia
under lease expiring Msy lat, lS07
S2G, S73. %; surplus. SOB. 7S3. 81.
Delaware g. Chesapeake railway
Gross earnings, $50, ISL. oI: expenses
Ssd. 037. "a; net earnings. SO, Sl3 %
deductions, interest and taxes, $2l,
100. %: deficit, Si0, 266.02.
Queen Anne's &c Kent Railroad Co. -
Gross earnings, SGT, S50l7 expenses
sIl, 30; deficit in earnings to NEE
expenses, Sl3, 207 IS; interest on equip
msnt. 81, oil; taxes, 81, 523. 80; tota
doiicit, Sl5. 1872. -.
Delaware, Maryland & Virginia Rail
road Go. Gross earnings, s2O5, 0l9. 10
expenses. $3.50, lG9. 76; net earnings
SlS, olJ III from Wnlcn Ueuuct lntefGB
on funded debt, s3T, $50; interest Of
equipment. 81, 755 "a; taxes, So, 05S. 81
deficit, S26, 5li.5 81.
Cambridge IL Seaford Railroad Co.
Gross earnings, s32, 4iT0l; expenses
$50, 81; net earnings 81, U35 10
from which deduct interest on equip
ment, s745. &C; taxes, l,47G. 10; deficit
SlS6 G6.
Philadelphia e. Delaware Count
Railroad Go. --Gross earnings, SO. 23s.
81; expenses, SID, 5sl.7l; deficit il
earnings to meet expenses, S5, Bah. 10
interest on funded debt, 50. 600; interes
on equipment, 1923. 90; taxes, 500. 0
total deficit, SlJ. 062. 81.
Baltimore g. Potomac Railroad Go. =
Gross earnings. 81. S65, 5l2 80 expenses
sl.3l5, $50 %; net earnings, S552, 500. %
interest received, 1852 II gross income
S5j3, i6l, % from which deduct interes
on funded deht, Si2n 600; interest q
other obligations 81. 7l2 % intoreot o
equipment, Sid, 5G6 20; taxes $40. 627. ~
right of way axpensee, &C., ST, lU3. IS
surplus. $50, i50 dG.
Washington Southern Railway Co. :
Gross earnings, $3.50, Ga. 80; expenses
s237, 932 90; net earnings, S42, 6Sl. "a
from which deduct interest on funde
debt, $50, 900; interest on other ubligf
tions, $685. 90; interest on equipment
81, SOP. At; taxes, SC, 43i. Y deficit, s22,
004 -.
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