Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1858-10-21
1T

-. or TIE oNANuh
T'L'.D ~CoxrASr.-The Stockholders OF
khL' { Alexandria Railroad Company
TIE U ,.s5 in general meeting at the Office Of
c''' " : in this city, yesterday at II
i5sV," " The meeting was called to order
''J' : Barbour, jr, on whose motion Col ".
b!Jbo,a of Nelson, was appointed Chair
.''s ]. II. Reid, Secretary of the Com
E''' ',,sd as Secretary of the meeting. On
2 p'S,s Of F. NJ. Latham, a committee of the
D'' ~.t,,isrs was appointed by the Chair to
s''S' ~. and report to the meeting the powers
si 'D' The Chair appointed f. NJ. La
Culpeper, W. W. Harris, Of Nelson
30. .ss a:o. II. snoo'' Of Alexandria, the COM
o~ not;on Of DR.. P. c. Slaughter, the
,ook q recess until 4 o'clock in the
,.T'o then to meet at the Lyceum Hall.
~, meeting re.asseubled at Lyceum Hall
.I,,lock, P. NJ, pursuant to Adjournment.
IN Latham, Chairman Of the Commit
r,oyies, reported a majority of the
.,.b,Ide,s present, whcreupon the Chair
announced that the meeting was ready for
,..;,,.s. The President Of the Company,
,s Barbour, jr., then presented the report
80. B,,rd Of Directors, which was read as
!A'" PRESIDENTS REPORT.
d.. l1e$3oiiers Of Tie Orange and Aler-
gaira Ruiiroad Company.
r., directors respectfully submit their
-.-,I annual report Of the operations OF the
G"a.ny, state Of its finances, aud general
,~ Is required by law. for the inso-
Gar which ended on the Goth of Sep
io Trs.enying this general summary Of the
.4,I,. Of the Company, it is proposed to
.5'n, the following order OF arrangement.
= IN regard to the business of transporta-
a.rd working OF go much Of the road az
:.soi.b.i and now in operation, with the
..'s,al relations thereof under such subdi-
5s:'o. s. appropriately belong to this head.
> Receipts and Expenditures. 3. OF the
s,,,ess If the C0mpany-sta statement Of 10
a-,t,s!1s.,, h1atiog aud tunded-of amount
,j,.l. issued, aud remaining on hand,
v~b N sccourt Of at command
,,,a,,..s u the completion Of the work,
sui y.aer objects. l.. Ol the work now 10
der obstruction, its progress and present
cn,;.5n, with an exposition 0! the policy
: b. pursued 10 respect to its completion.
Under one or the other Of these heads will
l. embraced all the information essential to
iou understanding Of the present condi-
f;o Of tie Company.
TRANSFORMATION.
The receipts derived from transportation
Of passengers, tonnage, and mails over the
,ai, or lis earnings, Of course, present the
ms, interesting feature under this head to
tie Stockholders.
Tie revenue for the year ending With the
slb Of September, amounts to the aggre-
cate SUN Of S25o, o95 81, and has been
drawn IRON the following sources: Passen-
ger-, SIS, 800 -; freight, S9O,62l 66; mail.
$lj.4 ~ VI. o. the receipts from freight
the .um Of S24,374 SO was collected from
,be Manassas Gap Railroad Company, In
the shape Of tolls for the transportation OF
il. tonnage over our road from the point of
Intersection 10 Alexandria.
Working expenses OF the year amount to
Slvb. 9g2 T-leavlng as nett revenue the
sun oi $ljl,g72 it. The gross receipts are
less than lhose # the year preceding by the
SUN Of Sl4 80 %, while the nett earnings
exceed tue last years by the sum Of ST.
$50 10. Some considerable reduction 10 the
passenger Receipts, consequent upon the sur
render in December last of the great mail
between Washington and Richmond, Of
which cur Company aud that Of the Virginia
CsOirsl Railroad we're joint contractors, and
The withdrawal Of the night trains, was ma
,uial!y to have been expected. Our receipts
!ou freight show q steady increase over
these Of last year, Notwithstanding the re-
Get; short crops and general depression of
the agricultural interest. For the fret time
tc, since the road has been in operation,
tAt lsSigatlOn Of the Potomac was unin-
snu;icd by ice during the last winter,
aot tue Company deprived of the usual
ls;!e receipts derived from transporting
~ya"eugeIs at that season. When we con-
siey ile.e several causes of abatement
VLt1 have operated to lessen the receipts Of
ihe la; year, we cannot but regard this ex-
1'iO 0! our present revenue as furnishing
%a!i!roOal evidence of the value Of the road,
AID Of the firm basis upon which its eapacl-
iltr profitable business already rests.-
Stee the new Arrangement for through tick
ss With other Companies went into etsot
iian Is, Of June last our passenger bust
Less Las largely increased, and now exceeds
lie receipts Of any former period. If the
Essent ratio OF receipts per month could be
northumberland tie business promises per-
aaneni results--it will be easy to compute
liasmFie process of arithmetic, the large
ec'ea'e OF revenue for next year. The nett
''ialuss Of transportation exhibit a profit OF
INe than SIX per cent upon the cost OF the
.sl noS IN operation, and it's equipment.
LIS, ci course, however, will be subject to
N'1 DEDUCTION as would be necessary to
E"'4e az adequate fund for renewal of
1''A aad machinery. According to the
sayIent q The General Superintendent,
,s SeFSInG expenses Of the road are only
%'!''Oe per ccnt OF the gross receipts for
W. year, which exhibits the prudent economy
WIN Winch that branch of the service has
%'u administered, and Is much less than
,s average ratio of working expenses, to re-
.1Ps'' Oh other railroads. AT the same time
Wy Excellent condition of the road and ma
.%-.ae'y has been properly maintained, and
w mans run with unsurpassed regularity
safety. Some renewal of track, and ad.
:H'l' 10 the rolling stock, have been made
-"as the year, as the e1igeucies Of the
'is required. For mere full particulars