Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1853-07-04
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KICHMnNp ENQuIRER.
aoSp., monxING.-JuLiLisas,.

RICHMOND Enquirer.
MONDAY -JLLh-I l. aa;s',
FOURTH OF iULY--To enable all employed IN ms
office opportunity OF fe.eo.as mil Wednesday
morning " ....----------- ,....s.
MY e RICHMOND AND PETERSBURG RAILROAD
We have omitted TO notice until now, the new auspices
,h,s rmnortant spproach 10 Richmond is not only '
horouehfare between Richmond and Petersburg, TWO OF u.
mos, sing and prosperous cities OF the slae w
part of the great line railway North and Sosth ou
lords by its branch 10 Po.i Wa!lha. the quickest
lion between our Richmond warehouses "oe ,;..
aud by another branch affords the means ~, ~
10 market the superior Goals Of the Clover fi' 80
. are almost untiysed 10 quality among uie :,
rhs has recently obtained authority from me
:" Legislature 10 Issue sl75,oeU OF coupon .h,o
r. opids,e certain outstanding debs ana mus e"uO''
1.o. % ,nptopriate its surplus earnings ana re-
=; IL ing down new track OF heavy rals lhey nave
ai,esdy nurchased sufficient quantity Oh iron ~ ''s WV
ne. miles and half of me route wnh1he heaVy
tre This win be al once upon that part o. me
he yeen The functions Of the from 'e Co'
nt the bra noh road (roal Wahal-a portion OF o
line which is subjected ID The heavy tregh,s o. p oo y.
branches and the grea, Not,ern and 7ouhe!n
aides These new b0ho5 are E01' phy
unon ,hs earnings and preferred lien upon the properly
bu, The holders Of Them win have the option
f converting them al any time stock al The rate OF SaU
i honds ner ehare OF STOCK the par Of which is slOo
The Company has no, for sometime declared DIVIDENDS
for tho reason thai its original capital stock was entirely IN
sufficient for construction, requiring ue earnings " e
rppropriaed 10 the construction and OF working
the cost Of which properly chagable 10 capital STOCK
The earnings of the road during The fiscal ending The
3O,h Aor 1853 were 1922 SOL; OF which aggregate
SO was derived from freight, s35 655 y from oea
sls6s7 l3 from through travel and sIs34o % from runs
Of ,ha mail raose who have thought The che
Resource of this road be IFS through traVe WIN sce
from these items the gross error under which they have been
horno The road 10 but about say :,htee miles long,
and ia charges for freight poporono It's aengh 50
that The ferh Item Of s6l 43 SO represents as large an
of freight performed oy any toao
of its in the The aud tear OF TINS hea
eat business upon thin rails has constantly kept the cos
Of repairs at high figure and greatly nJnrea he
OF the road in The point Of travel .s".,'s.'...'
The which the directory now taking steps
10 procure will once estore the popularity ana PROSPERITY
Of the road as line Of travel and reduce Inc cost OF con
Quoting its heavy freight business .''''' a. -,
road i,s branc and WORKING stock incfu
sys Of those items which have been mproPey charged a.
repsirs has been abau, O ahaughits present cspi
eg
The earnings Of the road during its asl fiscal Year, were
q, before stated s22 SOL while It's expenses exclusive
tho COST of new puchHsed) were s4o'4e leaving u"
,xcess of earnings ordinaty expenses ano repairs
s74ll3 which Is ll3 more than six per cent upon Inc
cost of the road-sbout 81, 100, uuo. ,..n ,..a.
The company derived from mo steamer on James NV
er the sum of s3l56 which may be added 10 the S0'
contingent. a. ..,a,.s i. i, '.''"' -,
Tho heavy rails will the present heavy cost for re
efficiency and
Its Of the road and is popularity in tayel., SO"
n the newly aulhorix, loan Sl15000 should be al
converted into stock the capital stock the company WIZ
then bs 00U Which Is less Than Inc cost o. inc
lip TO this date less Than the aggregate sum e'
e have shown rt1e sarings of re roadttess ordinary es
penses and repars) rtiritnt To pay per CENT o
acontngent balance Of some Sll or SlsUoo
IL the cost Of the heavy rails Tor The whole me zo"
reach aud thus swell the total cost Oh 'he co
ny's works TO sorc ST. 200 OU0 The result would De s' NOR
favorable as The interest upon the additional lovooU o'i
lars will be thousand whlls the sax'nE % me
sxpennss by heavy rail- wall be Al ieast 10 "
sand dollars " 900. .o...,.., 49,. 90. +, -
From these facts it plain that the new boada aoou
bs .saed off,. ons the hest Investments nov ~ me mar
To the ciirens OF Richmond They have he"dd'llona
recommendation That while aordng capital investment
,vR sappy the rendering efrcieHe pFospe
rous and active oil the most important avenues "ad
which lead into this city: "
NE hays derived the foregoing facts from pamphlet copy
Of the "Annua ceilings of the Stockholders OF tho ftich
mond and Petersburg Rail Road Company" politely iu'
n,sasd by their President, ?. v Danieljr' Esq.
..... DESTRUCTIVE FIRE
w. h.vs .sdom BEEN called upon TO record more dc