Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1858-10-22
ALEXANDRIA GAZETTE AND VIRGINIA ADVERTISER OCTOBER o. 1873.

EIGHTH ANNUAL MEETING or THE SrocK
HOLDERS OF THE MANASSAS GAP RAILRoAI
CoMPANY.-The Stockholders of the Manas
sas Gap Railroad Company, met at Liberty
Hall, in this city, yesterday, at II o'clock
NJ, aud organized by appointing Naasor
Bare, Chairman. Edward Green, Secretary
of the Company, acted as Secretary of The
meeting.
Ga motion Of j. S. Dawson, a committee
Of three was appointed by the Chair to ex'
anime proxies, and ascertain if a quorum Of
the stock we're present.
The Chair appointed the following gentle
men to compose the committee: j. S. Davi,
son, of Warren w. G. Stevens, Of Il ,cking.
ham, and DR.. R. C. Aubler. Of ~Fauquier.
The committee retired, and after examin.
ing all the proxies, reported to the meeting
that a large majority Of the stock was repre-.
sented that there were some sligh. infor.
mali,ies in some of the powers of attorneys,
but that the committee deemed it proper to
overlook these, aud accept all.
The report vas unanimously adopted.
Mr.. Pittman gave notice that be should
move that the order requiring the printing Of
the reports of the officers before the meeting,
should be rescinded.
Ga motion of j. S. Dawson, the meeting
then took a recess until y o'clock, P. NJ.
At y O'Clock. the meeting re-assembled,
when the report of the President, and accom-
panying documents. were read, as follows:
PRESIDENTS REPORT.
To the Stockholders Of the Manassas Gap
Railroad Company:
The President aud Directors OF the Manas-
sas Gap Railroad Company, respectfully pre-
sent to the Stockholders, this, their eighth
annual report:
Tne tom age and travel Of the past year, end
ing the 30,h Of September, 1858, were dlmin-
ished by. bad crops and scarcity Of money.
The amount Of tonnage was reduced II per
cent; travel 49, per cent. Both eastward
and westward transportation cuff red. The
heavy articles OF wheat, -four, and iros, bound
eastward, and plaster, &c &c, going west
ward, were all brought In smaller quantities.
The loss of revenue accruinS from this
cause, was made up 10 part by higher char.
ges 90 transportation, but mliuly by lessened
expenses, which enabled the road to main
tain the average nett Income.
Nett Expenses deducted) for
the year 1885 S3s,9l3 II
Do do do le56-57 3S.lS7 81
Do do do 1o57-5s 3S,oOl 81
The bad crops of wheat have subjected
Manassas to severe test. which tie compari-
son of the two years 1853 and 1858 viii! serve
to illustrate. 10 the year 1858, Markham
was the terminus OF the road. At this point
the draugbt Of the business of the road was
confned to the Piedmont country, not being
in reach of the Valley countics. Ia the year
1858, the ermiuus Of the road was Wood
stock, when the road drew the trade OF the
added counties Of Warren, Page, Saenan-
duab, and Rockir CHAM, with parts OF Clarke
and Frederick, all es!Geutly productive wheat
counties. The calculation was larry made
that these counties would treble the amount
O, wheat and -four transported over the road
when at Markham. Whereas, the result Is
a. follows:
Flour and Wheat Converted into four brought
over the road in 1888, was el,S3@ bb'S' Hour
" 1873, " Gs,iGl "