The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1860-12-13
PRICE ONE CENT.


Richmond asd DaaviIis RaiiSead.-The thfr.
teenfh annual meeting Of the stockholders Of
the Richmond and DanviIle Railroad was
held at the new Tobacco Exchange yesterday
~ IL O'Clock.
The meeting organized BY appointing Coi. r
N WATKINS Chairman, and F. w. Bsooxxn-
BkoUeR Secretary.
A committee OF three was appointed. con-
sisiiDR Of Col. Geo W Towees ard Messrs. T.
I Giles aud W m. G. kuisht, TO examine and
report upon pr, xies.
TIE COMMITTEE retired TO perform their du-
lies, asd In their abeence the PTeside1t, LAWS
L HARvlk EsQ, read his q nuai reparf.
The President s'a'ee the Rruss ilcoyne of the
road for the ear ending 3Uth Sep'erober is6J
I" be $500 a4.33 ben an u crease of % 7ul
81 over the previous ypar. The net, earnings
for The present. ear are 22S2 316.47. Otthe deb,
VI el5o, ,O0U due lst Nov. le6G, si40 sv0 has been
raio. leaving s30o due. Or no Si,ut0 due and
uhcaiieo for last year, s5oe have been since
paid.
The Directors have issued new bonds 70 the
amount Of s6l 400. nay able at various periods
from May. 1885,, to pvem bsr, 1868. " hien will
be met by the accruIug revep ues.
The funded debrs II tho Company consisr
OF SioO,OuU due 10 private bondholders, $780,
uuo due 20 the ate, and S200,0t0 guarauIes d
ny fhe State, making total OF ei,2tH,Ueo Or
the xaoUtsV due TO privat5 sonoGol iers. the
Whole amount has been paid except S8U0 above
referred 10, and the new issue OF s65 4Uo. o.
the debts due 10 the S'ate, per cent. thereon
has been al bnualiy paid, which will, in thirty.
four years from date, discharge both principal
aud interest. This debt is rather an annual
charge upon the resources OF The Com paDy of
S42,uOo per annum, than permanent debt
The guaranteed dc bt of SHIT, 100 falls due In
1878 aud cannot be demanded iill tnat time.
The surveys of the STATE line TO meet the
North Carolina Coaifieid Rad, and of the
western extension, as IL 10 called, of the Dan.
willie Railroad, have been made; and the epgi-
neer is now locating the common stem Of the
two roads, in order that IL may be ready " hen
ever the money Is raised ~ build these two
lines. The committee appointed under a reso-
luton OF the Iast meeting by the chairman
thereof "to rnemoTiaixe the General AssemoIy
of Virginia to Increase The capital OCH OF he
Richmond aud Dauviile K iii road Company, II
suheieut sum to enable inat company 10 Con
Esct with the n Jri b CAroIIna Dan River Goal
field X ad at ine Virginia aud Nort IN CaroiIDa
line, discharged The duty deso,ytd upon tn. N,
aud an act Was passed by the General Assem-
oiy In accordasce with Tue Request Ia the me.
mortal.
Upon the line OF the Coaield Railroad sub
scriptions have been Talsed 10 such an amount
ae - encourage the hope mat that Company
Will So on be ready 10 fnifill their obligations;
aud as sooL as they sh I'll have ex b hi ,ed their
ability tu do so, the Directors OF this g Jmpany
Will use the most prompt and energetic nlea-
sures TO hasten the joint completion OF The
WORK IN winch this Company Is 50 deeply In
terested.
The Legislature of Virginia, at its last an.
nual session, appropriated S350U beipg
three hihs OF thesu of $751;, $685. which was
live measures have besn taken TO procure the
full amouut OF private subscription, and nave
been SO far successful that the Uiree Lors may
safely congratulate the Company on The speedy
commencement OF This valuable feeder TO their
road
The Telegraph line from Richmond to Dan.
Vile Is In fuli operation, having been COM
pleted Ut q cost OF about S75O1 There is no
donbt That it will be OF great service to the
road, and as little that il will pay q fair dlvi-
dead on the investment.
That part Of James River adjoining the
Company's wharf has been deepened 50 as ~
admit vessels OF the class that come TO Rich
and trapsmit tree of all wharfage aud for
warding charges, freight of every description
that Is consigned to their care.
BJth the financial condition of the Company
aud ot ihe country, iu the opinion OF The
Hoard, make ii unWlse TO declare u dividend
at .hls time. But they trust a. no distan day to
be enabled 20 deciars semi anu ual dIyldeEcs sf
tares per cent.
On motion, the report was received and lsid
on the table.
Mr. Wood BouldD, from the committee 10
examine the ROAD, etc, presented IL long re-
port, which was read and laid ou the table
On motion Of MIR. j. K. Anderson, the Presi.
DEUS report, and The report OF the Examin-
ing Com uli lice, except SO much in each re.
teIs TO braLcn roads ana wnaTtage, were re-
terred 10 IA committee of eleven.
Ibe Chairman appoin led tue following
+. G. Ruffin w. W. Carrington, JOS Il A.
oerson, w. I. WoottoB. Ii. G. O,be J, ]. F.
Wiley, w. Martin, i. q. Coleman, Iona 4
Clara, N. } Crews, III. I. Scout.
Special CommItIee on Branch Roads and
Wharf: Messrs. r X. Ho"'sor, q. Ii. Earks
dale, ID. Chalmers, L. ID N, al, B McPhai
On motion OF Mr.. Anderson, The meeting
ADJOURNED, TO Tease bic at . O'Clock r. NJ.