Excerpt from Thirty-Fifth Annual Report of the President and Directors to the Stockholders of the Philadelphia, Wilmington and Baltimore Rail Road Co: Year Ending October 31, 1872 The gross receipts as compared with those of 1871, show an increase of four T9031; per cent., while the expenses were less than those of 1871 by four 125} per cent. The miles run by locomotives were in 1871, and in 1872, an increase of 13 per cent. During the year the Operating expenses were charged with new stations and rolling stock to the amount of which is equal to eleven per cent. Of the whole amount of this account. The new rolling stock consists of two locomotives, eight passenger cars, and one hun dred and forty freight ears. The old rolling stock was replaced by new to a considerable extent. The passenger trains have been generally fitted with Air Brakes, and all cars built within a few vears past, have been fitted with warm water heating apparatus. All of your passenger and baggage cars have, for several years, been fitted with the Miller platform, and your track with W'harton switches, and self-adjusting steel frogs; and no rails excepting of steel or with steel heads, have been laid in it. So often as the iron rails now in the track require renewal, we intend to substitute steel rails therefor. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.