Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1911-04-12
M. & 0. RY. Co.
annual Meeting
STOCKHOLDERS ELECT DIRECT
oRs, AND DIRECTORS ELECT
OFFICERS FOR YEAR.
GEO. ". DuNHAM ELECTED DIRECTOR
Auditors Report Shows Healthfu'
Condition of the
Road.

NNNbNSt nSP0TN SuO"o
Condition Of the
Road.
The stockholders of the Manches-
ter & Oneida Railway Company, held
their annual meeting at the Council
Rooms last Tuesday evening. Stock
of the par value of s42,S2O, was rep.
resented either by owners in person
or by those holding proxies. The
stockholders reelected directors, A.
A. Morse. NJ. F. Leroy, R. R. Robin
son, R. w. Thrill and j. S. Jones,
for three year terms, and Geo. w.
Dunham to fill the vacancy caused
by the death of Leslie L. Hoyt.
Auditor Seeds submitted report
covering the business of the COM
pany for the year, 1910. The report
shows that during the year, the COM
pany purchased combination pas
senger and baggage car at cost of
s275S.60, and 80 1-2 front feet of real
estate facing on Main street in Man
chester. Iowa, at total cost of $463
and warehouse costing $375.OO, and
paid for same out of the company's
net earnings during the year.
That the company also paid from
its net earnings during the year all
operating expenses, taxes and inter-
est on its bonded Indebtedness: that
the company is using no borrowed
funds and aside from its current bills
and balances has no debts other
than the bonds.
The report also shows that for the
year ending June both, 1910, which
is the date when the company's an.
nual report closes, the number Of
passengers totalled 2S,45s.
The following are the concluding
paragraphs of Auditor Seeds report:
I'VE are now in our tenth year
and Contrary to the belief Of many)
have made good in more ways than
one, and much in excess of what was
believed possible when the project
was first proposed.
Aside from the many benefits en-
joyed by having close and sure con-
nec.ion with both the Great Western
and Milwaukee railroads, none of
which benefits cost more than before
the building of our little line, there
must, be taken into consideration the
fact that several men are given con-
stant employment, and that all are
citizens of our town.
Perhaps, what this means can best
be told in dollars and cents, when
tell you that the Pay Roll each month
is in excess of 5000. Then in addition
to this, is the amount spent for re-
pairs, much of which is done by home
help. With the air full of Boosters,
Boosters plans, etc, (and we should
all be Boosters) let us also try and
appreciate what we already have, and,
work it to it's capacity.
While l am sure the management
appreciates the assistance and busi-
ness given in the past, still, there is
future, and its to that we must
now look.
When you have something to ship
in or out-NEVER fail to make it
condition: it must START and AR
RIVE via the M. & o.
Do not forget we have good clean
Passenger car; that we make close
connections with both the Great
Western and Milwaukee, and, that
said connections are with two roads
that are now offering their patrons
the very best and latest style of
equipment: hence quick and safe
trip"
Immediately after the adjournment
Of the stockholders meeting, the
board Of directors met and unani-
mously elected officers for the ensu-
ing year, as follows:
Joseph Hutchinson, President.
R. R. Robinson, Vice President,
M. F. Leroy, Treasurer.
| L. Matthews, sr.. Secretary,
| G. ]. Seeds, Auditor.
| A. S. Blair, General Counsel.
| E. H. Hoyt, General Pass. Agent.
i VIM. Hockaday, Genl. Freight Agt.
| And General Managing Board
with the same powers as the com
panys General Managing Board has
heretofore had, consisting Of:
e. NJ. Carr, President:
i M. p. Leroy, Secretary,
Joseph Hutchinson,
i G. ]. Seeds and
: e. H. Hoyt, was unanimously elect
ed for the ensuing year.
, G. ]. Boardway, the company's cap
able and accommodating traffic man
ager, will. of course, continue t
! represent the NJ. & O., and rende
its patrons every assistance in hi
power.
= There has been good team wor
for the past several years on tn
part of all who are interested in o
connected with the road, and witt
the prospect of a continuance of thi
team work and with the increased e