Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1855-06-05
For tie Z mrrrs

For tie Z tGu'rt-
TWENTY-SECOND ANNUAL REPORT ce
TIE DIRECTORY OF THE RICHMOND,
FREDERICKSBURG AND POTOMAC 2-iL-
ROAD COMPANY.
The President AM Directors herewith submit q 10
Stockholders. the usua tabular statements, cxijh-iW:
the present condition Of the Company, ar, 10" nus
ness of tho road for The YEAR ending the u Il OF .i
las.
1t will be from them. ttrt .he rnvc-uo ~ II.
road lof The pn,t y,.r 32.lI2 -; ghrt ihe
prns.s at transportation for the sam, period Yers
ll.96O s.; un tine payments for nrrcs; S.j5iS ij
Drductn2 these items from flc receipts -! II" v2.r
leaves balnncs OF S93, ,b93 II. This balance -,
duced by tile allowance of Sl7,9S7 g. to rio E,a-h-
ingnn md Fredericksburg Steamboat Company
account Gf losses sustained by them ca-g"ia" ont
the dorDr daily mat schedule hr:ween ~" lSt Of
April lSin aud tho lSt of Aprii, 1891. RBI iGc p.v.
mirnt oi Sr.ii u rr sElv"ys "t The roGs Cor u ls
:uad 7" the rnilroa of s C"!p.mv - n Ike
Orange ami AieNanirin, Manassas Gap rauraGi
made by ore: oi hr Stockholders Ihrr ln-l E&rua
meeting. The Nett balanr" remaining, nl.rr deiac:
ing these items. lS13,iij t:,) w"uu have b--n Eor5
than sufficient Ia pay The usual DIVIDEND. Of til j.. g"
November last. aI! the ist inst. Ia IN" Sh"k"lt"-
hu. for the failure H. rrg"'aIc the loan. aa.uT2'i ~
the last annual meeting 10 Continue The edge I: su-
prrstrucurc. This made il necessary g. 10" Sack"
holder, have been advised. Ia make use 81 tie nnil E
come oi the Company inr the PURPOSE nad 30 pay !Ia
dividends tn the Stockholders III CuftiEcG;s e" tlD
loan authorized. instead "f paying them ~! mnr"v.
Th. prac'ical Inconvenience of rayin.; II" :'v-
douds to the stnckholIr-. during the pas: wear in
certificates u" debt. and applying the re Procce3 OF
the road iu las iug down lie edge lnIl. ir- teen
slight hat the Board OF Directors trsr tia; L wi! 10
n.rrrat to the stockholders 10 allow them t. prose-
cute the c1g. rail supcrsruc!urc on thu pcn.
until il mny b." practicable, (WHICH .; lcsl. Il >,
nnl Ia make inaH ~ par for lilo purrorc. To Hoau
o.: ,hr srnckholGrrs who ;nd il convcuIcr :" reiGiu
their DIVIDEND roriitca:cs, they present r!u u!vaT.
rage Of benc portectly safe aud reliable Inve.'Hr'.
and. nj tho time, tbrn- exempt hy the csrr'r
oi the company from n tnX.ou,l OF yiriirE alargg
nett reveue tnan any other nyrh!1iun; bc-rlu. tie
same nominal interest. Tho same oGsilrra'.un.
mike them readily convertible into money q;
paravclv small discount. by those stoCho.Gcg; w!Io
| may have occasion to dispose OF them
The Board O( Directors submit, US portion ~ ihS
report, tho report ui Alexander Worrd! C!yI lag
necr with an accompanying ma? G..! 0:i!c! g"'r-
nertr tho surveys made tpr rail rnn(i ronmrl"n
| between the rail roads of this COMPANY nai ths
Orange and Alexandria and Mansssss Gap rail r'7.s.
1t will be from the report and nap E" Nj. H',.
| raj, that the whole distance by raN roa,, between
fredericksburg and Alexandria. will vary hu; iiilD
| by either Of tho lines which have been Examined.
| whilHt each has recommendations in 10 favor,
/ which wan;n! 10 Tie other. II s"cnif i' 'rr
these circumstances {" the B"arl "t Dir'c'"t' tn"t
il will be the policy 81 ;ii. c"!I ry Ia d" wl u gnn
conveniently in aid Of TIE las ich.rh may Ge pr.: 80.
jtyfaisr. In .heevent nG company brla2 incuIIo.
rated to make raj! road t" c"nuec III" rn r"fc Of
this company with that OF the Orange and Alexandra.
III
Junction by making subscription TO i; no exceed
ing one-thrd OF the amount, which may BE- subscribed
by other parties, fourth Of the aggregate c"?'
tul stock which may be subscribed towards It, ho III
! the event uf extension o! the Ma;asa..5 Gap re-!
road n point Il Potomac River, N or Tear le
mouth OF Qulu o, by ,xoadrS the railroad 4" TIA,
company, branch OF the st;ic to coEUcc; '"i" Il.
| If it Should DC the pleasure OF the s:oCkhp..:, -
| concur in these views. expression al "I;".g! 10
that ,-,t mrv be valuable in inucing other crriu:i-
and individuals interested, 10 combine thv:c -
forts in forwarding tho or The ol!sr mpr|"o,n'H;
Surveys have also been made during ae l"-t yc'r.
but without the co-operaiion "f h- C"'nHhH%. ''r II
direct rn road between Ac9uih Creek GnH bttii H"r"
The Board learn in general terms, IIhE inc r"su "I
these surveys il highly favorable" and iai the dl;'
tancr between Il point ou 'ho Potomac River, "p.9-
.ite tho mouth Of Acquin Creek aud Baltimore" w"di'!
| be ouly about 65 niles Such line Of las. r'a:, 4!
executed, would greatly expedite the irav.! h","' rn
| Richmond and Petersburg, land the town- south Of
them and the Northern cities and would tc ot great
| value to the Richmond aud DaLvlc and S"li'->lhs
Rail Roads, aud II is strongly pressed on iEc 1rG OF
Directors Of this Company, IA d,scrrim@ IL ""GuG'
nance and assistance. The relations OF thi. t"Gpa y
with the Washington ani Baltimore Raii Road. ar,
however AT present most itvuiy; ana II they should
continue to beso. aui the Baltimore and "7i.i"z"u
rail road hs extended, the BIurd trusts * VIII Ia,
al an enrly date, the Potomac River, hf q: rear
Washington. as:o avodihc present omnibus i'aus-
pOrtat.ou in that c!y there will bc, IN tie uvHJN o.
The Board Of Directors, adequate rcH-"n :"t I'M:
Company seeking any other avenue i"r i's trhN" -
sen cnloya via Washington. The Dunri OF Directors
trust, however, that Tho Directors Of the Baiit"o
ind Ohio Rail Roa will see tnat b";h sound J. Icy,
and their duy to the public, anu the c"mpaur- s'uiii
of them. require prompt cxtcls:cu oi t!.f ~ eide
in.tOn Branch 10 coulect with The Potomac S:sLn-
bout line.
Tho President and Directors submit herewith n
communications marked 4, received by ;h'rn ON the
10Th inst, from the Board OF Pibc Work, IL 90.
ton the proposals lately Invited =" III" !.l u..r
Department for the transportation al ~: incl
States mail between Washington 81" EIcamoni. -.
Board Of Directors had previous To- srtc i'i, t1't
in various ways. thai the other Com! aElrs l,'li 1h
iu the communication of the Boar! %: ir'ir H""F,
designed competing for the NAL, but hNG "c"rD""'a'
notwithstanding, rot io otcr 10 tTnr-lo II ~ .H.'
rate than the paid ;icIn. In" ..'e ~" ls-
ceived By this Company, ami I'd" P"nmaC o's"@l'
| boat Company, tSN0 per mile, or s"'riiV p~! .r'
num) was tVluH!ariy tcad'rsdb by the D'Ta,!m." -
January 1852, for trce d"Iy scrr"s 1't' trH IN
,ngion and RichmOna, md is but 20 ,''" cEu. ~ ~
vance of what previously paid l""' '"r -l"-l'
daily service, auI is only what WIS Haiho'II"H -
Congress mGny years SINCE, WHEN tie n!'.; ""l1
scarcely third ,hcr present weight, an', IL. ~
peuses of transpurtatin on nil road, much les. -
in the opinion of the Board, ne low price tan
ponirr0us rns now transported between R'h"rut
and Washington, can Lc conveyed at etcg ~ t,,rl,
and a contract ut this price must in The "p:n."a u
the Board, be anything but profitable 30 III" CvGFt-
mics which il is Understood are competing Tor u.
Ii is under these circumstances hgly ..:nili%nG -
the Directors, 10 find that their course in 10; Ht'i.ms
themselves 10 be drawn INTO a cbinptltVL VIZ" s'
Virginia Central, AMI Orange nTd Ai-8an!Ts L"i'-
pancs for the mail meets tho appreciation .! tie D..I
Of Public Work., und the courre o: The COmpsn-i
referred TO, is dsappoved Of by the Board .! f"oic
Works, it is hoped that means may ye BE- "tv s-j
bY them 10 arrest proceeding, which, Ia tho ,ru-
guage of the Board Of Pubic Works, "TH is, : a.
sGjuru 0ilEc 10 the lrtere.ls II the .S:2.s 7HJ III
tie tOsHDa...ss .G:tteS!e0.
Respectfully submitted on behalf ard .? o:opi ot
the Board oi Directors.
ED. ROBINSON, Pres;IcG!
OFFICE RIcB'D. FRED'o AND /. L. r. Goa
Richmond, May 3Jb, 1870.
lA1 ,r.,
At moo,ng Of the BrnlI Of Public Works ned
on the 9th day Of Nuy, 49,, tho following orde.
adopted
The Board of Public Works hnvin- understood
that bids have been made by the Virginia tcIrrsi,
the Drapge and AL Alndra, and the k!chmUnt, lrr-
drrjck bur, and Potomac Kali Roa,i Companies, tot
TRANSPORT NJ III, mail between this cy anu Wes:iin.
ton, below the price they would bv justified in rcccY
ing, do hereby:
Resolve, That the Secretary Of this Doard be i-
reced To nJrin the Presidents vf the said coInpgc -
,hu, this Bourd disapproves Of such proceetug. be
Loving that it will result in injury alike TO the or
oi the State and nj tie companies neresieG ani
that he further inform said Presidents OF the Gpi! D..
Of this Board, that there should be rivalry between
gaid companies for said mail service.
true copy from the minutes.
". X. DRINKARp,
Secretary Board Of Public Wo!k..
To tho President Of the Richmoad, Frederirk.b"rs
and Potomac Rail Road Company, Richmond
THE KINNEY EXPEDITION.