Evening journal., 1908-01-09
DELAWARE R. R.
HAD A BIG YEAR
Gain Of $57.O7O in Net
Earnings Over Previous
Twelve Months
EXPENSES ALSO WENT UP

DOVER. Del. Jan. 9-The annual
meeting Of the Delaware Railroad
Company was held in teh station hcre
this morning, men high m the Penn
sylvania Railroad Company as well as
numerous stockholders from all parts
Of this State attending. Some Of them
came here on a special train. H. Il.
Kenney, the venerable president OF the
company, was not in attendance this
year, he being seriously IN at his home
in Ridley Park. In his absence Cap
tain John T.. Green presided over tha
directors meeting.
The reports showed a great Increase
in earnings OF the railroad company
during the past twelve months. the IN
crease IN net earnings over those of The
previous year being s57.070.ss. while the
total net earnings were S678, ,091.23. At
tho same time a great increase in oper-
ating expenses was set forth. else the
net earnings would be far greater
Directors elected for the ensuing
year were: II. II. eKnney, John P.
Green, Samuel Rea. Samuel Bancroft,
Jr.. William II. Swift. Captain william
w. Lobdell. Walter o. Hodfecker.
Manlove Hayes, William T. Watson.
James ]. Ross Thomas Curry. Heze-
riah Harrington. William r. Records.
Murray Vandiver, Charles T. Wiestcott-
Earnings Were Increased
The directors organized by electinE
these officers: President, II. r. Ken
ney; vice-president, Captain John p.
Green; secretary and Treasures. Man
love Hayes: assistant secretaries,
Lewis Nelson and X. s. Greens assist
ant treasurer, ]. c. Rogers.
Manlove Hayes. who has about re-
covered from a serious illness. was
present He Is 81 years old. and has
been secretary and treasurer OF the
company close on to half a century.
He Is one OF the most remarkable rail-
road officials in the country, and Is
said 10 be the only nonogenarian In
the active service.
George II. Murray. Of Viola. pre-
sided over the meeting OF stoclzhold-
ers OF the company. An amendment
TO the by-iaws was adopted to give
the assistant secretaries and assistant
treasurer authority 20 sign checks
when the secretary and treasurer may
be incapacitated.
Speaking OF the unusual prosperity
OF the railroad company. tho annual
report OF the officers says: 1.-THE gross
earnings continue 20 show substantial
gains. due largely 70 the continued in
crease In lumber and other trafic re-
ceived from Southern connections. and
10 the large shipments OF structural
iron and steel and OF agricultural
producst. and 10 the increased number
OF passengers carried on account OF
the jamestown Exposition. the aggre-
gate gain in earnings being 1896, ,S45.5e.
The expenses Increased $33s. .2747s, due
to the additional trafiic handled and
to the high cost OF labor and supplies,
the result being an increase in net
earnings OF s57,o70.s3."
The earnings from all sources are
shown to be S2.s4s.O51. an increase Of
s395.s45.5 over last year. Tho oper-
ating expenses are set forth as s2.-
170 41007. an increase OF S3ss.27A73,
leaving net earnings OF se7s.0s12S FOR
the year.
During the year 1151.7sf passengers
were carried on the Delaware railroad.
an Increase OF 22i. i.222. The gross re-
celpts were from the following sources:
Freight trafic. si.sss.4 .47s,24; passen-
ger traffic. s7ss.1s5.06; express. s12o-
275.45; mails. ss7.sss.s2; miscellaneous
s17.92623.
The passenger receipts show a gross
increase Of s12s. s.5O1.52 over the pre-
vious year.
The mileage OF the Delaware Rail
road is given as 24s.25, an increase
over last year. and the entire system
Is reported 70 be IN excellent condi-
tion. Many improvements TO equip
ment and property we're made during
the year.