The Barre daily times. (Barre, Vt.) 1897-1959, 1905-10-10
Annual Meeting Of the c. V.
Railway.
OFFICERS WERE ELECTED
Meeting Called to Order at II O'Clock
This Forenoon Report Of
President Charles M
Hays.

ing of the Central Vermont Railway
company was held this forenoon, being
called to order at eleven O'Clock. The fol-
lowing directors were elected: Charles
M. Hays, Z. S. Smith, E. H. Fitzhugh,
G. G. Jones, W. Seward Webb, John w.
Stewart, John G. Mccullough, T.. III.
Baker, Henry B. Day, s. G. KiIner, E. /.
Marston, Albert Tuttle and Charles p.
Smith. Officers were then elected Presi-
dent, Charles w. Hays; vice president,
Z. H. Fitzhuqh; general manager, g. 9.
Jones; treasurer and clerk, W. H. Chat
fee; auditor, w. r. Crabbe; executive
committee, G. NJ Hays, E. II. Baker and
f. II. Fitzhugh.
The sixth annual report of the con-
dition Of the Central Vermont Railway
Co. for the fiscal year ending June 80,
1906, made by Charles NJ. HAYS, presi-
dent, Is az follows
Gross receipts ...,... 3,557, 1871
Operating expenses 2,793, 1861
Balance - IS 764, ,O39.2o
Taxes .... ......... 97,75973
Net earnings IS 666,279.47
Other income, interest on Sc
curities held by the com
pany .ss l0,Sf0.00
Total income e77,li9.47
Interest on bonds and rental
Of leased lines .. e7s,44o.ss
Net surplus over fixed
charges .........s 3,6b9.S5
The results Of operation for the year,
as compared with the previous year,
have been as follows
Revenue.
Receipts from all sources,
increase Observation-Disclosures 33,4S4.61
Expenditures.
Maintenance Of way and
structures, increase $f2O,i34.95
Maintenance Of equipment,
increase s....s I,32T.46
decrease . o7,s9492
General expenses. increase 4,26T.76
Total operating expenses,
increase ...... 2S,335.25
Taxes, decrease . l,537.06
Fixed charges, increase 5,662.52
Improvements included in
operating expenses, IN
crease ..s,..s...... 6o,eo4.70
One thousand box cars of 10000 lbs.
capacity, two cate parlor ears, four
coaches, two smoking and two baggage
cars have been acquired under ear trust
agreement The total cost of this equip
ment was $504, ,50735, OF which Ss4. .50T.-
35 has been paid in cash, the remainder
S620,000, to be paid in forty (40) CON
sacutive quarterly instalments, for which
the company's notes for one thousand
dollars each, bearing interest at Az
per cent per annum have been issued.
Notes to the amount of $4,000 mature
on the first of June and December Of
each year.
The report OF Vice President E. H.
Fitzhugh contains the following figures:
Improvement and Extraordinary Ex-
penditures Included in. Operating Ex-
New bridges, S123,SS4.25; new tracks,
sidings and spurs, S634.22; new fuel
and water stations, engine houses, and
turntables, S423.Sf; new stations and
warehouses, $7,945.7s; new steel rails
difference between value OF old rails
taken up and new rails put DOWN,
S33,SlL09; balsastlng, S7,320.30; new
locomotives, S27,000,00; new cabooses,
S64.s4; new air brakes, 81 800; the
total amounts to Se0s,074.29.
Train Mileage. Passenger, 1,047,197
increase, 21,695; freight. 1889 ,966--
decrease, 6,s7T: mixed, l7S,196--in-
crease, 1897; miles earning revenue,
2,57s, 1859 increase, 1876; plotting,
switching, light running, and work
trains, TIL ,2S9- decrease, 29,164; total
engine miles rn, 3,2s9,64s decrease,
12.349.
Car Mileage e.--Passenger, 4,7SS ,372
increase, 57,4ss; freight, sO.763, ,034
decrease, 226, ,30a; total car mileage, 35,-
increase, 31,179.
The percentage Of expenses to earn.
ings was 1872 per cent, as compared
with 7s.47 per cent in the preceding
year, an increase Of .05 per cent.
The percentage Of Improvements in
cluded in operating expenses to the
earnings. was 5.7i per cent. as com
pared with 3.Ts per cent in the pre-
ceding year.
The percentage Of ordinary expenses,
to the earnings. was T2.S per cent, as
compared with 94.69 per cent in the pre-
ceding year.