Republican vindicator. [volume] (Staunton, Va.) 1849-1857, 1849-09-03
Louisa Rail Road.

We have been handed the "Proceedings of the
Stock holders of the Louisa Rail Road Company
at their Fourteenth Annual Meeting in August
1s49" From the Report, as far as we have sex-
amined it, the Company seems to be i'll most
prosp' rous condition, aid to show this, we make
the following extract from the Re port:
The gross receipts of the con pany for 10
mouths from the Isl oil July 1877, the Isl OF Jul,
184S, We're S56, $40 20, IS stated Ill the last IT
port. The receipts for the year ending LIST july
1S49, as will aTpeir by the treasurers statement
amount to $s71, 26 90, being S14,799 SO more
han the last years receipts, or an Increase OF
nearly % per cent, shelving balance OH hano
on the LIST day OF july, clear OF all charges fo
the year, of SIS; O36 81.
| As was done in reference to the receipts OF the
year ending lst Of July ls4S; considerable poi
| ion OF the gross amount OF The year Just endtu
has been expended in enlargne the stock of til,
motive power rendered nect ssary by ths increas
| ing business on the road. Expenditures of tn,
profits Of the company i'll this way, diminish the
actual amount OF nett money OIL hand at the elc
of each year, but the advantage OF making d
permanent addition to the stock of the compan,
| cut of its earnings, will be felt at some future
day. when the capital stock, on which dividends
will be declared will BE- smaller than ifthe roae
had been furnished, as is generally the case. oui
of part Of the original funds OF the company.
Deductiig from the gross receipts only thost
expenses W i1ich constitute proper charge agailts
the regular administration Of the " hole busint S.
of the road, and emitting such as do not come
under the class of current expens s, there will b,
a balance, amounting to $38,03S %, equal to
about per cent. OH the capital in operation du-
ring the year. Repairs Of road, train expenses
miscellaneous exp nses, depot expenses and SAL
a. 81
expenses OF road
Progress Of the Uork of Extension
The road has been completed within miles
of Charlotte sville, but your board regret to sa,
that the work on that unfinished part laes OF
more slowly than they could wish recent meas
nrts have, however, been taken, which they
think will secure lis completion TO that place be
fore the 1st of January 1880 The work OH TIL.
eastern extension is proglt ssing very well, Civ
ing reasons to expect that it may be completed
" thin few miles of Richmond before the viii
ter Will arrest operations. The Prevailing cpl
demic which has scourged the country so severe
", has not visited the hands OF the contractors
but the apprehension OF its occurrence, will no
doubt prevei;t them from obtaining an lncreas;
of force until the tall.
In connection with this subject it is gratifying
to observe tbs the engineer Of the B.ue Ridge
railroad company Is ddNtltAsliS " receive pre-
posals TO construct the tunnel at Roclfsh GAP.
hich will form part OF our line of railroad Il
will be difficult to st limit to the value OF this
work to our improvement; Which the State has
so generously undertaken to execute. 1t will
remove the only barrier to the transportation OF
the immense products OF the west over our road
to the cities OF the east. The extension Of ou
road to Stanton may be regarded as no longe
doubtful. By authority of all act of the last SIS
sion of our legislature, the county court Of Au-
susa has subscribed $4,000 to the stock of ou1
company Tor the extension of the road to Saun
ton and it cannot be doubted that the balance
of the private subscription of two Gfths will b.
raised in full time to have the road from Waynes-
nesboro to Staunton completed as soon as it car
be used in connection with the eastern Part OF
/ the read.