The sun., 1900-01-09
PASSENGER TRAFFIC
GREATLY INCREASED
Nearly Eight and a Half Million
Passengers Carried
Last Year.
r, W. & B. ANNUAL MEETING
There Was Large Increase ia the
Gross Earnings, the Gain For
the Year Being S791 ,oi3 30.
Also Large Cain in the
Freight Traffic.


Freight Traffic.
The annual meeting of the stock
holders Of the Philadelphia, Wilmington
and Baltimore railroad was held at the
F., ". \ p. French Street Station at
noon yesterday, when the following
directors were elected: a. i. Cassatt,
William Sellers, John 7. Green, Benia.
min i. Newcomer, skipwith Wilmer,
Edward Lloyd, 4. TatnalI Warner,
German II. Hunt, Benjamin j. Com
eggs \. Parker Shcrtrilge, Preston Lee,
John Catses, Charles Z. Pugh, William
II. Barnes, Sutherland NJ. Provost.
The directors met later and elected
the following officers: A. j. Cassatt,
president; John L. Green, vice president;
Charles +. Pugh, second vice president;
,, VI. Provost, third vice president; j, G.
Slime, secretary; Robert w. Smith, treas
urer; J y. Hutchinson, general manager;
b. +. Brooks, general superintendent;
Lewis Nelson, assistant secretary, and
also the remaining general officers OF tile
company.
The report Of the directors for the wear
1859 was submitted at the meeting Of TIE
stockholders and approved.
According to the report the earnings of
all lines directly operated By the r. n.
x Il. were az follows: from freirbt
traffic, S4,0S7, sol 10, an increase 81
SOUS N03.OS over 1898; passenger traffic,
u 4DZ, w 26, Increase nf Sa61 010 II *
press traffic, S4i7, ,2l0.7l, increase Of ST..
fo9.54; transportation of mails, S373,-
436.i0, increase Of $500 81; ini.celiane.
nus sources. SllS,903.4l, increase, S..
3l3 81; rents, $G2, ,2i5 80, decrease, S3.-
1919; gross earnings, Si0,392, ,SO6. 50,
increase, S19l ,243.39. The expenses were
as follows; FGr maintenance OF way and
structures, 81, 720, ,02626, decrease, Slsl,.
-llt.5G; maintenance Of equipment, sl.-
ITO, ,422.27, increase, SHOE l2: conduct.
ing transportation, $4 %, ,72S 09, increase
Sl76, $500; general expenses, StS5, ,079.-
Is, increase, Sl5,530 63; total expenses.
$3.50, lJ6.40, increase, Sis, POI -; net
earnings, So, l53, ,6j042, increase.
S612 979.19, to which add interest on
investments, 1858, 26700, increase. s2l.-
5000, interest from branch and other
roads for nee Of equipment, Sl02, 2,6lO.07.
increase, S5,ll2.I5; gross income S3.-
GA, 52S 80, increase, SOP, 72S. e., from
which deduct interest on bonds, S255.
200 W, interest on car trusts SIS, ,I49. sc.
decrease, Sl2, 403 20; interest on mort
CAGES and ground rents, 1880 10; inter-
est general account, S3.l4l62, interest.
IS, Q45. l2; rentals, leased and operated
roads, 81, ,5j7 9S2.79, interest, S42g. 473.-
10; taxes, Sl43 562. .25, decrease, $ll, 703.-
~; cost OF revision OF grades and align
ment, Sl3,SO3,03, decrease, $l55,07OSs,
sinking fund appropriations for bonds
due April /, 1900, and June !, 1910, $780,
900 90; advances to Delaware and Chesa-
neake Railway Company, S8,04O.00, de-
crease, $4,000; taxes paid account Of
branch roads, SlS612, decrease, S5,944.-
y; sundries, $5,sSl.35, increase, S25.-
2Sl.3S; net income, Sl,5G0, us. 50.
Si5S,05l53; from this |
net income for the yoar the following |
amounts have been dedncted. Dividend
no. l04, Of per cent, paid July, 1899, |
1854 $50 sd; dividend NO lOj, al per |
,ent., payable January, 1900, S472, IA 90:
leducs amount transferred to extraor.
ilnary expenditure iund for improve
nent ot track and passenger equipment
md aboli hing grade crossings in cities,
S3O0, 700 %; balance transferred to credit
Il profit and loss, 1898, 424 o.; amount TO
,redit OF profit and loss, October 81, 1893.
Y, 7o4 ,OS2.26; deduct amount charged of
n reduction Of value Of securities and
ettiement OF slndry accounts, S74 900 o.;
balance 10 credit Of profit and loss. Octo.
3er 81, 1889, s., 9l3, 50G 26.
The percentage Of operating expenses
9 earnings was % 7-l0, decrease of
8 10 from 1895. The tons, tonnage
Mileage and freight train mileage was as
plloWs: Tons moved, s 1913, 7l2, increase
II 2,21s, 4s9; tonnage mileage, 432 IA, ,l34
Increase Of 375,345,06l; train mileage
,334, l65, increase of Ill, 40t.
HE average earnings, expenses and net
arnings per mile. Earnings, .l54 cents.
decrease VI 0.O39 cents from lSgS:px
'enses, 0s54 cents, decrease III 0. l02
ents; net earnings, D $50 cents, Increase
/ O.Ob3 cents; earnings per freight. train
nlle, 2. l31 cents, increase OF 0.O9l cents;
expenses, LASS cents, decrease of 0063
eht-; net earnings, 649 cents, increase
1 9 i51 ceEts.
lie passengers, passeng7 mileage and
lassengcr train mileage was as foilows:
'ass ngers moved, S.465 523, increase,
SO, 81; passenger mileage, 2l0,9!2,364,
Increase, S, 40, s57; passenger train mile
&c, 4,43l,007, increase, 1886. The
verage Earnings, expenses and net earn
igs per passenger per mile was as fol-
ows; Earnings, COZ cents, increase,
OH; expenses, LIP cents, decrease,
OH cents; net earnings, 0.290 cents,
0.C03,
The average earnings, expenses and
ct earnings per passenger train mi.e
as as foloes: Earnings, 1908 cents,
lerease, Q o35; expenses, 0 SO cents,
0.0l2; net earnings, 0 354 cents,
lcrease. OOH cents.
During the year nine neines ot &
oayier type were built to replace olQ
lcomotiyes destroyed or sold, and
Tenty.one box, nineteen c1nlola, fl
at freight cars ard Six caltn cars, ID
eplace similar cars sold or DESTROYED.
The Delaware Railroad shows Il ma.
srial increase in both gross and net
arnings, the failure OF the peach crop
ayipg been largely compensated for by Il