Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1901-01-17
DELAWARE RAILROAD co.

Annual Meeting OF Stockholders and Eiec-
ton OF Officers at Dover Today.
special Correspondence OF Gazette and Journal.
Dover, Jan. 10. The following d.
rectors were elected at the annual meet
Ing of the Delaware Railroad Co., held
here ut noon today:
Henry f. Kenney, E. Tatnall Warner,
John T. Green, Samuel Rea, Samuel
Bancroft Jr.. William I. Porter,
Walter o. Hoffecker, ManIove Hayes,
William Il. Watson, James j. Ross,
Thomas Curry, HezelSiah Harrington,
William q. Records, Murray vandiver,
Charles T. Westoott.
Number of votes cast 75, GOO. At the
directors meeting the following officers
were elected: President, III. #. Kenney,
philadelphia; Vice President, e., Tat
nall Warner, Wilmington; Secretary
and Treasurer, Manlove Hayes, Dover.
The report of the directors shows the
mileage of the road to be as follows; Main
line. Shellpot Crossing to Demar, Del,
No. New CASTLE, cutoff junction Shellpot
branch to New Castle Del, s.45; branch,
branch, Clayton, Del. to Smyrna, Del,
l.29; branch, Seaford, DEL, to near Oak
Grove, Dell, 5.7a; branch, Clayton, DEL,
to Oxford. Md, $3.50; branch, Massey 9,
Md, to Centreville, Md, $3.50: branch,
state Line near Oak Grove, Del, to Cam
bridge. Nd, 27.24; total, 224.3S.
For the year ended October 31st last the
earnings we're: From freight traffic, 81, 10l,-
sha. III, an increase over 1899 of s2n5, 800. "a !;
from passenger traffic, $i44, 422. n; In
crease, $50, s46.67; from mails, express,
rents and miscellaneous traffic. 800, 1887 !;
d Increase, 81 666.s gross earnings, $l,646,-
$50. BAL increase. $685., 12S. 49,
The expenses we're; For maintenance of
way and structure, S2a5. 922.89; increase,
S44, Ia. SO maintenance of equipment, $780,
325.76; increase, 1913, 1885,; conducting
transportation, S576. sos 81 increase, s40,-
oes.O6; general expenses, $s4,3s711; In
crease, $721.41; total operating expenses
81, l12,440.97; increase, $l23, 697.45.
The net earnings were 1884, 219.37; in
crease, $l3l, 426.43, the gross income, $751;
4S4.Ol; Increase, $144, $50. 90; and the net
income, Si80. 5s0.72; increase, $98, 150.56.
Alter deducting dividends OF $l79, 227. so.
and amount of 800 000 transferred 10 exl
traordinary expenditure fund, the balance
transferred to credit of profit and loss was
Slbl, 3lS.22, an increase OF sos, 1906. The
total remaining to the credit of profit and
loss October 3lst, 1900, was 1898, 206.4 Al. y
| There was worry large increase in your
freight revenue due to TIE q creasing
through traffic from connecting lines and to
the improved fruit crop on the Peninsula.
While the expenses show a substantial in
crease, the operations of your road for the
: year show very gratifying results.
:, New passenger stations were built at
Pennington. Townsend and Goldsborough,
and new freight stations at Townsend aud
Bridgeyile. The tiain mileage during the
year was as follows; Passenger, 49S, s97
miles, decrease of 917 miles; freight,
1858, 773 miles, an increase of 37,801 miles
total, 1,057, $40 miles, an increase of SO, ss4
| miles
The Baltimore, Chesapeake d Atlantic
Railway in which the company owns a
substantial interest, shows excellent results
for the year, having met all its 6xed
charges and carried a considerable surplus
to the credit of Its profit and loss account.
:, Says the report: 1T is with keen regret
that your board has tu record the loss by
death, on June 15th 1900. OF their fellow
director, John H. Hotfecker While Mr..
/ Hofecker had been a director only since
1895, his high integrity and genial per.
sonality had won the confidence and regard
OF his associates. His abb ence will be deeply
felt both personally aud officially. W. o,
Hoffecker was elected to fill the vacancy
caused by the death of his father