Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1858-12-10

mond and Dansille Railroad Company, held
their eleventh annual meeting al the Ballard
House TIE meeting was called 10 order by
President Lewis f. Ilarvic; and on his motion.
Mr. Frank Watkins of Prince Edward, was ap.<
pointed chairman Thomas W. BrockenbrougY
Secretary, and u. X. EilySon Assistant Sccrd
tary. y quorum being present, the rules on
the House "i Delegates for the government OF
the meeting, a> iara> practicable, were adopted.
On motion oi Mr.. }. b. Stovall Of Halifax. y
committee of three was appointed blythe chair
TO examine the credentials of the proxies
The annual report Of the Board Of Directors
was then read by the President, and, on motion
of NJ W Martin. Of Henry. was referred 10
the following committee Of ninc appointed by
the chair:
W. Martin Of Henry. Tho>. p Atkinson Of
Danyii!c Wm. I. Scott Of Charlotte. W. Z.
Knight o! Nottoway g. $ Jones Of PittSyl.
vania, t. f. Baik>dae of Halifax. l.. Nunnally
Of Richmond. y. b. Hill of Richmond and -
Dickinson OF Richmond.
The committee OF examination then retired
to prepare the report on the documents re
icrrcd to them.
Daring their absence Mr. Wm. Martin, Of
llcnrv. chairman OF Il committee, appointed in
1876, in reference 10 mcnoralizing the Gen.
cra Assembly Of Virginia. read his report
which was laid on the table.
This committee had been authorized to pe,i
ton the Legislature of Virginia, TO remove the
restriction which denies 10 the stockholders Of
the Richmond and pan,illc Railroad Company
the power 20 appropriate the resources Of said
Company Ia the extension Of the said road or
any other work. or 10 make an appropriation
i'll llyor Of said extension upon the two or three
ith> principle.
The committee hal prepared memorial and
caused II To Represented 10 the General Assem-
bly,, in December 1851, and IN act was accord
ingIy passed removing the restrictions CON-
plained o. and requiring separate accounts 10
hc kept Of the capital stock. resources, Ac Of
the road and proposed extension, &c.
No appropriation for clircring the proposed
extension. Sc could bc obtained from the As.
-cmhly at tina, Sc>>:oIi but from the spirit Of
Iiicrality exhibited towards the road and the
interests Of the Company, and lis success, the
committee ic!t satisfied such an appropriation
may be obtainc'; at the next session, if the
Company, and the people Interested in the
cNtciIsIon. wrGli make such eXcrtionS for
it, accomplishment as the matter descrvcd---
IT," committee. therefore, submitted the follow
ih- resolution:
Resolved. That committee be appointed 10
present to the General Assembly Of Virginia
at it, ncAy session. u amtinorial in behalf Of the
Company. asking 4 subscription OF the part Of
the state 10 the additional capital stock Of the
Company, authorized by the act OF the General
. Assembly. passed Feb. ~. 1886 for the cxtcn.
sion Of the Richmond and Danillc Railroad TO
the Virginia and Tennessee Railroad; or TO so
much OF ;hc said capital stock rs may be re-
luirch To complete the said extension through
the counties OF Henry and Patrick.
On motion. the meeting adjourned till o p. NJ.
Ia glanc;ng over the report Of the Board Of
Directors OF the Richmond and Danville Rail
road. ~ presented yesterday by Mr.. l.. +.
llarvic We see that towards the end Of the
year the condition oi the road will warrant the
company 10 declare il they think tit 10 DO so,
:, small dividend.
The aggregate earning, Of tho road for the
last fiscal year amounted 10 $i9l ga 81, which
is an increase of :2?.756 O. over the earnings
OF previous wears rs follows:
On passenger fare. S2O,OIS 20
On freight. OBSERVATION-DISCLOSURES. 1879 GU
On mail service. c.................. l,i'e w
Total .$29. 756 o.
The nett earnings OF the road during the
last fiscal year amounted to S267, 1872 81. being
II 3i.lOcthS per cent Of the whole earnings.
The nett earnings OF the previous year were
$3.50. $50 It. or SllG 500 81 less than this
year.
In October 1857. the floating debt Of the
company was $29901 a. but now. with the
exception Of a small amount due for Belle Isle
bridge. and bills payable maturing during the
next few months. there is no toating debt
The Board Of directors during the last fiscal
year have invested in payment of bonds duo
in 1879 and 1860 and in purchase Of ccrtifi.
Gates Of debt Of the State, the sum Of
$l02. 4s2.9S
Among the works Of the company since the
last annual meeting. the heavy rail has been
substituted for the fiat bar, on that portion Of
the line between the Appomattox and Staunton
rivers also costly structures have been set on
100, for the freight house IN Richmond and the
engine house in Manchester. They have also
purchased the real estate Of the Chesterfield
Rail Road Company from Manchester TO the
coal wards on the James River for 81 800. Al
80 81 900 had been appropriated by the stock
holders for the construction Of 4 monument to
their late President Whitmcl p. Tunstal
The Presidents report concludes with an as
Surancc that the Richmond and Danville Rail
road will continue TO realize large profits, even
without farther extension, though with addl'
tional connections, the income and advantages
would be much greater.
The total number Of passengers transported
over the Richmond and Danville Railroad, dur
ing the year, was 81. SIS The Company own
y locomotives and . extra tenders, and the
whole number Of miles run by the engines Is
2G3. sn3, 1T eos, f9r repairs OF 5,S53.15. The
oaly accidcn, on the road during last year, was
the kil!ne Of the slave brakeman in August
Il ara
10. slave, employed along the road, at an ave
: r...e cost Of $l2j.55 per year each The only
''de.alsa,ion or delinquency. that occurred
during the year among the employees Of the
Company. was one. amounting 10 $1,000, which
has been secured, and The delinquent officer
dismissed
INroIrAxr No1IcE 10 BAyEs AND BASS.
:i..--I S IIomans Publisher Of the Bankers
Magazine. No 1862 Pearl street, New York,
will publish in December the Merchant, and
Bankers Register for ls5", containing ist
List, or banks and bankers. presidents. cash
cr, and capital in this country and Canada
,,o. list "f bankers in Europe Asa. &c,
2nd Aipiabeticai lit .! Cashier. ID Essay
on Bank Liabili,cs 4th Free banking laws
at the different states. in'luain: @a>sachusetts,
News iork, Illinois. Indiana. Iowa, Loulslani.
; Michigan. Minnesota. Missouri and Wisconsin.
Pric: & -, poS;are ra'f
Tnf VmGr>,. V. +. CONFERENCE &C.
,.'e>;a,tica bod; adjourned on Friday morning
. last, after most harmonious session Of nine
days.
III. mex. session Of the Conference will lie
held in Iynchburg. which is no" very acces
,bie 10 e'ery portion Of the State, and Ii III
r.h.t respect, an excellent selection.