Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1859-10-21
LOCAL ITkAS.

me al American ''"'
o'clock :, ~. p;.mon Naason
- :, Rockingham, was called to the
paw %.;- Wright Gatewood was nominated
'''I lined 10 accept and Edward Green
'Fr hartman ha.ing called the meeting
"a, N motion committee to examine
-. VA. appointed 10y the char az
"nx. Messrs. T. pittman, Bowman ana
"' -, ,mm;ttee retired and in short time
.,.3 ,,rmsh their chairman that sum
-, .moun, Of stock was represented ID
IAN and bv proxy. to allow the meeting
!, proceed to business.
=. o,tiou Of |. l.. Kinner, the char ap-
...o,I l. kinzer, Of Alexandria, pr.
,, !, Shenandoah, George Brannon, OF
,,n,hsm Charles Wunder, of Shenan'
AL " q, Stevens, Of Rockingham,
,;,,.. i, examine the reports OF the
p...;d.,, and Chief Engineer and the ac-
,.mpanying papers.
u. 4 Marshall then moved that the
u..,us adjourn until a o'clock which
,;,r prevailed. and the meeting accor-
5,nsy adjourned TO that hour.
ia o'clock. the Stockholders again as
INA ., American Hall, when the reports
, -. President aud Directors and Chief
roy;n..r with accompanying papers, were
PRESIDENTS REPORT.
- =. 81. l,.li,rs Of The Ranas.ns G"p Roiirodd
t"mpo"y.
IN, pr,.iient and Directors Of the Manassas
p,;lr,ai Company respectfully present to the
S,'rr.h.li,r. this, their ninth annual report.
T.. .,r,,," earnings OF tho Road for the twelve
rnn,h, ending On tho Both OF September, 1917,
In,,, 1886, 39SlS. There WAS an Increase OF
..r.i, from both Freight aud Passengers, amount
/, $4,000. The gain from freight being
Ell oryp cent The gain from passengers
asst vr /! e cent.
~ ,.,,ri exhibits IN accession to the amount
!, eastward" transportation from the Valley
,u,i.. tunie ~ Of increase VI amount VI rig
a., gsrk. Lumber Lime, and Sock, but there
-. 4 falling oil in the amount OF "hastwaru
,,.n.ryrtatiun from the Piedmont section had
II. p,,imont section maintained the production
ivan ,f m. year previous, bad as II WAS, the gam
.,la i, si1 QUO instead of $lO, 900 now reported.
Tbi, amour, would have been yet much increased,
hxI IN, Road been in use aS Tar rs MOhnt JACK
AN during tho twelve months: whereas, IN use TO
the terminus at tina; point little more than SIX
- ~. .l,nn nat unI
.,u,,.. now up the country, with its consequent
,,,mnlu. /, CONSUMPTION of all descriptions of
p,.rrhspdi.e. will give = more pleasing picture OF
r,,u,, TOR the next report.
The nett" earnings of the Road as obtained
liz isluctiny all expenses from gross revenue, arc
;, sll,w.
,;,o,, ,.,.ipts. 1913 As
Ytosn,c. ,005 S3
pad u. and A. r. X. Co... "a $50 81
PM d and A. r. X. Co,
b,l,,r.pss. al Dspot.... 1851 53 q3,24j %
-
NAH Earning, .$43, l53 20
Tn. eyp,p,s account is made larger, because it
p,lnl.. ro.t If repairs to the Locomotives and
T.,,l.m,,sd Inv Two accidents, which occurred
$50, p''.,nr,own and salem. and also cost of
~. now ar. made in IN. Work Shop Of the Com
v.py. no, fairly on the list Of charges of annual
,rpen,,s
III, financial condition Of the Company is much
inpr,v.l nv the Iininutiou of the floating debt,
,asc,.a mainly by prucseds Of sale of bonds ut
better rates than Wa. obtained at the time OF the
Last r,,nrt
Tha Indebtedness of the Company now stands
Funded debts, Or bonds cold ............$775,OO 600
FL,tin, I,bt ...................... III 900
Total Indebtedness. Ssy2 900
Amount al interest pn,abl, .n debt SIS, 900 Ut
the rate ., IL q cent The bonds sold have netted
70 III. Company shade lower than 500. and arc
nov quoted al So and interest
The bonds ~ hand amounting to $22j,OOO will
uot be pressed upon The market, the hotter pros
pect- 81 the Company justify the Board III holding
at higher rates. The success of the Road ut its
Present terminus Mount Jackson, the good crops
OF whes; on haul. and prospect Of the country
getting back h. nj least its average Weld authorise
the CONVICTION that In. nett" revenues Of the
Company will h. hereafter ADEQUATE 70 the pay
mert Of the interest on the whole amount Of the
bvais. T.this ground of confidence upon which
tue Lvnlholdor can build, may he added the al
most certainty Of an appropriation from tho Leg
stature, At its apprvachinr session, which will
enable the Compsny Ia extend the Road to Harr
,nhur,.
The confident expectation Of getting An appro-
Irsiiun !. founded in the belief that tho Lsgis
lalure ., Virginia will not refuse the browning act
necessary t. carry out he clearly defined policy
which led 10 her establishment of this Road, viz:
II briug 10 u Virginia sea port tho productions Of
that portion .: the Valley, which has heretofore
found It's nsrket in cities the limits Of the
State: it is founded in the belief that the Legiss-
troui.Iuy bnnl M. n..nl, &c ROCKINGHAM County
opour out their treasure upon common enter
q. 4 fs..n