Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1913-10-30
GOV. SMITH AGAIN
PRESIDENT OF c. Y.
E. j. Chamberlin Becomes Chair
man of BOard-C. p. Smith
Reelected Director.

ING OF the Central vermont halfway coin-
pany, held at the general offices in this
city this morning ex-Gov Edward Cur
tbs Smith was elected president In place
Of f. j. Chambcrin. who will remain az
chairman OF the board of directors.
The board of directors elected was aa
follows; f.. j. Chamberln of Montreal,
f.. c. Smith of st, Adams, T.. II. Baker
Of Boston, G. c. Jones of st. Adams,
w. Seward Webb Of Sheburne, John w.
Stewart of Middlebury John g. McCul-
Tough of Bennington, G. w. Writer'S of
st. Adams, S. f.. Kilner of New York,
Albert futile of Fair Haven Charles
p. Smith of Burlington, e. L. Marston
of New York and t. A. Chittenden of
st. Adams
1t the directors meeting following the
stockholders meeting Mr. Chambeiln
was elected chairman of the board; ex-
Governor Smith, president; c. w Wit
tors, vice-presdent: w. II. Chaffee, audi
tor and Edmund Deschenes, Jr, auditor
The directors present at the meeting were
f. c. Smith. T.. j. Chamberlin, G. w
Writer'S. G. c. Jones, j. G. Mccullough
John w. Stewart. Albert futile, c. =.
Smith and Il. A. Chlttenden.
ExGov Edward G. Smith, who was
elected president at Yesterdays meeting,
has been Intimately connected with the
Central Vermont since 1873, when he was
attorney for the road. In 1881 he was
made a director and vice. president, which
positions he held until 1882, when he
was elected president, in which capacity
he served until 1885 He was receiver
until 1908 president to 1903 and director
to this time. He was also a member of
the executive committee.
THE ANNUAL REPORT.
The annual report for the year ending
June 30, 1913, shows there was an increase
in the gross receipts, the total for this
year being si577.j90.i II as against 81. ig5 =
'32.H in 1912. Tho total operating eN-
penses also show an increase. the figures
for this year being S,G5S. PEGS as com
Pared with S3,il9.3l2 80 In 1912 The taAes
paid by the road show a goodly Increase,
being this year $1771o9S6 while in 1912 thc,-
amounted to $4,000. The debit hire o.
equipment balance Shows big decrease.
being only SOS, 1879 as compared with
S117495.23 I'm 1912. TIL" fixed charges fo-
1913 were $76l, 223.35 while in 1912 they were
Sls276.9O. The net result of the roads
operations for the year shows Z dontt Of
S9795.91 while in 1912 there was surplus
Of $12,95297
The following are extracts taken from
the report made by Presi1 mt e. j. Cham
berlin to the shareholders If the com
pany:
The percentage of expenses to earnings
was 1922 per cent. as compared with 77cs
per cent in the preceding year, an in
crease of 2.s4 per cent.
The percentage of improvements incMd-
ed in operating expenses, 20 the earnings
was OIL per cent. as compared with O5l
per cent In the preceding year.
The percentage of ordinary expenses to
the earnings. was 1881 per cent as com
pared with 79.57 per cent In the preceding
year.
The number of tons carried one mile
was 31S,15S,40S, an increase of 9,253-
$50; the earnings per freight train mile
were s2,01, an increase of 10 cents.
and the earnings per ton per mile O.93
cent. the same as the preceding year
The number of passengers carried
one mile, 54,53+,402, shows an increase
Of 3,979,574; the earnings per passen-
ger train mile, sl.11, the same as pre-
ceding year, and the earnings per pas
senger mile. 2.32 cents. a decrease of
O.06.
on first district three and ne-half
miles new S0-pound steel rails have
been laid between South Vernon and
Millers Falls on fourth district two
miles north of st. Adams were laid
with new sO-pound rail
New sidings, aggregatinE 4,5O9 rect
have been constructed for accommo-
dation of industries passing track, O.
40 feet was built at Bethel and addi-
tional tracks aggregating 2.6l5 feet
were constructed south end of st. AL
| bans yard.
Extensive repairs were made to New
| London coal dock, Mansfield station.
Windsor station, White River juno
ton engine house Alburg station. St
Armand station, and Richeleu station
! y new steel bridge No. 10, 100 feet
! long, was erected at Chambly, Que