Norwich bulletin., 1910-07-22
GROTON & STONINGTON
 STREET RAILWAY co.
Annual Meeting and Election of Off, -eers-Increase in Receipts Shown
 by Reports-Six Per Cent. Dividend.

The annual meeting of the stock holders of the 'Groton x Stonington | Street Railway Go. was held Thursday | morning at the company's office in Mystic and the following directors of | the company were chosen for the en- | suing year:
 Charles w. Comstock. B. A. Arm strong. Edwin W. Higgins, c. R. Hans com, B. F. Williams, A. H. Chappell, Charles D. Moves.
 The following officers were elected for the ensuing year:
 President-Thomas Hamilton. Vice President-B. F. Williams. Treasurer-Costello Lippitt. Secretary-CharIes D. Moves. The president made the following report:
 To the Stockholders of the Groton and
 Stonington Street Railway Go. Gentlemen: Since we last met an other year has passed, and it again becomes my duty to report to you the progress of our. road during this time. In my last report I expressed the hope that reviving business conditions might be inductive to increased earn true, but upon the whole it seems to me that the very material increase in our earnings is due more to the gen. eral causes than to any specific req son. for it appears that the revival of business activities along some parts of our line are offset by corresponding ly lax business along other parts.
 The gross receipts of this year are s112,23S.67, as against $10S,740 for least year. showing a very material gain of ss,497.67. The net receipts for this year are $56,022.16 as against s53,G9s.12 for last year, which shows indicates a slight increase in the per cent. of operation. This has been caused by the expenditure for the re- placing of ties and for other necessary inc fe ffx~ ~sw,-~ that our receipts increase much more than our expenses and we have also paid $24,0O0 in dividends to our stock holders.
 A very important factor in the earn ing capacity of the road is our express business Last years report men toned the gratifying results attained by this branch of our business, and this years progress has been still alone have been s9.0s4.56. while last year they were only $6,023.4O. This increase has been accomplished by the effort os our superintendent, MT. Riley.
 We have expended $2,2Oo in i'm provements during the year, of which $1,150 has been spent for macadam between our rails in the towns of Stonington and Groton. We have also built a blacksmith shop at our station in Mystic repaired our freight house at Westerly. and erected three shel- ters for the accommodate of our patrons at necessary stations along the route of the road All of these may be considered permanent, as they will not have to be duplicated in future years.
 The building of the extension to Old Mystic, which I mentioned in my re- port last year. has been deferred for the present by your directors, with the probability that it may be built next year.
 Our rolling stock is in good condi- ton and apparently will need no re- newals for some time to come. The power station is still cause for con- has been maintained at a minimum cost to the road, without a dollar spent for ma chinists' work since the opening of the road. is due to the careful surveillance and work of our chief engineer. MT. Barry.
 In conclusion I may say that the future of this already prosperous road seems especially. bright With the of the courteous treat ment of our passengers by our eff cient conductors and the careful run hing of cars by our motormen in the avoidance of accidents. and with the continued interest taken by the heads of the different departments. there is no doubt of the success and increased of our company.
 Respectfully submitted.
 THOMAS HAMILTON,
 President
 The stockholders were extremely sratified at the excellent condition of the property and the increased in come of the company. 1uently a dividend of six per cent. was | declared upon the preferred stock | Books will close August 1. and the div l dend is paya ble August 15.