Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1900-01-11
p, W. 6 B. RAILROAD co.
Annual Meeting OF the Stockholders In THIS
otty-pirectors and ofioers Eleot-d-The
AnnuHi Reporr. Tsf

u ~ -
Annual Meeting of the Stockholders In THIS
Annusi Reporr. &s
The annual meeting of the stock
holders Of the Philadelphia, Wilmington
y Baltimore Railroad Co., was held at
the French street station, in this city,
during noon hour yesterday. The follow
ing directors were alected "A A. j. Cas-
satt, William Sellers, John P. Green,
Benjamin f. Newcomer, Skipwith
Wilmer, Edward Lloyd, =. Tatnsll
Warner, German II. Hunt, Benjamin b.
Comegys,N. Parker Shortridge, Preston
Lea, John Casses, Charles Il. Pugh,
William II. Barnes, Sutherland M.
Provost.
The rerort of the directors for the
year 1899 was submitted and approved.
1t shows u total mileage owned and
operated of 66S. SO miles, of which the
Delaware railroad comprises 22l. 80
miles.
The gross earnings for the year
were s10, 1892. 8O6. SO, an increase of
s791. 243. 80. The expenses were
81, 239, 1855. 40, leaving net earnings of
S3, l53, $50. 42,nn increase of s672, $40. II.
Dividends were paid to the amount of
1927, 354. so. The report says: #.
Your system continues to show a
large increase in gross earnings, the
gain for the year being s70l. 243. 80, and
this notwithstanding the fact that the
peach crop Of the Peninsula was again
an entire failure. While there was a
decrease In the maintenance Of way ex.
penditures, there was large inci ease
in the expenses for conducting trans
portation and maintenance CT equip.
ment. I
Tho freight traffic shows an ex-
certional gain, the aggregate tonnage
being 8, 1913, 742 tons. as compared with
5,9l4, 273 tons foI 1898, the increase
being mainly in the local traffic in both
directions.
The sum of 100000 transferred to
extraordinary expenditure fund was, as
noted in the report for 1885, used in
reballasting the line with stone between
Havre de Grace and Baltimore, and In
improving the condition of your passen-
ger equipment by the construction of
three passenger coaches and five COM
bined passenger and baggage cars 1t
will be noted that the sum of $500, 600
has been transferred to-this fund from
the income OF the past year, which will
be expended for heavier rails, additional
the further improvement of your passen-
ger equipment, and tho abolishment Of
grade crossings in cities ou the line. of
youl road.
During the year nine engines of
heavier type were built to replace old
locomotives destroyed or sold, and 81
box, 10 gondola, IA fiat freight cars,
and six cabin cars we're built to replace
similar cars sold or destroyed.
The Philadelphia & Baltimore Gen.
tral railroad shows about the same net
results as for the preceding year, there
being deficit Of s27, 496.17 in meeting
its fiaed charges. tS -
The Philadelphia & Delaware county
railroad was also operated at loss, the
deficit for the year being SIS, $50. OF. =
The Delaware railroad shows ma
terial increase in both gross and net
earnings. the failure of the peach crop
having been largely compensated for
by tho greater volume OF traffic received
from its Southern connections.
The Delaware, Maryland & Virginia
railroad shows a reduced deficit
AZ the subsequent meeting Of the di-
rectors the following officers were
elected: AL. Cassntt, President; John
2, Green, Vice. President; Charles L.
Pugh, Second Vice-P President; s.. M.
Provost, Third Vice. President; j. O.
Sims, Secretary; Robert w. Smith,
Treasurer: ]. b. Hutchinson, General
Manager, Il. F. Brooks, General Super.
intnndent; Lewis Nelson, Assistant
Secretary, and also the remaining gen.
eral officers of the company.