The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1862-12-12

Richmond and E0n0ftte RGstT0dd-Tke annual
meeting of the stockholders Of lhis company was
held ia this city on the l0sh inst From the report
OF the President 1t appears that the entire receipts
Of the road for he fiscal year ending September
30ih was 9724 430 OF th5 amount $34l ,233 30
constituted the working ex Denses Of the road and
1885, S6 % the net earnings for the last dsca ear.
The gross receipts of the road for twelve months
enoing September 30th exceeded those of the pre-
cediag twelve months by the sum of $s76 $40 On,
and reached the amount of twenty. five and one
half per cent on the capital stock. These recspts
and the consequent per centum upon the stick,
would have been greatly increased il the regular
operations Of the road had not been Interrupted in
April last by the necessity OF removing to Ddnvle
large proportion of the property of the company,
consisting Of machinery, &C., since brought back.
Certain shops ON thenorth side Of James river
greatly relied on to prepare the increase ei number
Of cars, Ac. which will be needed for the greatly
enlarged trade snd travel expected on the compile
ton of the Piedmont Railroad. They can also DO
used for the construction and repairs Of machinery
and rolling stock Of that road When the conuec,
tion with the North Catolira Cen,ra Railroad sh all
have been finished, it is thought that the mosr
ssnguine expectations Of the friends OF the Dan
vile Railroad will be realised, In increased
prof.s in addition to the vast collateral bsBefts
The debt Of 66j, 400 mentioned IN the last annual
reporf, running from May, 1851 to November, '63,
had been reduced by payments to $4,000 Tho
company hold S96, 400 Of Confederate States 6 and
8 Per csnt bonds as sinking fund, and for the pur.
pose Of meeting any unforeseen contirgencies-
There is debt of s200 600 guaranteed by the State
due in ISIS ca which interest has been regularly
paid TIE annuity due the sta!e for thirty-fout
years of si2 600 per anpum Gnterest and siukips
fund On 500, ,i0J due by the cCmpany,) has been
regularly psid for ten years ,,st The transaction.
OF :hs company ere conducted by essl psymenta
and the system of floating debts rendered unnecs-
sarg by the prosperous condition Of the treasury
A. considerable portion Of the report Ii devoted to
a review of railroad connections and extensions
The western extension and the Roanoke Valley OK
tension continue In condition Of suspended opera
tons, and work on the same Is not likely to be re-
sumed until the restoration Of pesee or the
bre aAing of the blockade The connection Of th.
Darviue Railrc ad with the n G. Cea.ral Railroad
had been secured. II is reRaIdei as tbs Srsas
thoroughfsre for trade and travel with the anti.
ana Gulf States gOut1 of Virginia By the con
struction of forty miles Of road the two above men
toned lines viii united and present the straight
est and nearest line from Richmond to Kingsvills
and Branohvile, In South Carolina, the distanc.
respectively being 4l9 and 460 mieS. The General
Government ana the State of 2orth Carolina are
both interested in pushing this line Of connection
to completion, and in aiding the Daaviile Railroad
to get it 10 running ordsr. tribute paid the
Superintendent of transportation for eminent ser
vices in his department By CO. psrison Of tho
present and last fiscal year, 1t appears that thsro
has been increase of $276 $40 81, or 62 per cent
in the gross receipts anu az Increase Of Sl0 1865 So
or about 42 per cent. In the expenses. This year
$4 400 hRs been added to working expenses to re,
place lest by Are and accident during the year.
The fat bar iron on the track east Of Amelia O. b,
is wsarins out rapidly; that between the Junction
and Staunton River remains as 1t was last year -
Silis and ssringers sufficient to lay twenty.
three miles, II per cent of the read were used up
during the last fiscal year. OF the 4l13 pieces OF
string tmoer tsksn up during the year only SOB
were decsyed; the rest Yere either mashed, broken
or split, 654 being mashed At the close Of the
yssr there were 100 miles ot heavy and 40 miles of
Il st bar track On the main line of the read The
entire length of the fat bar now between Rob.
rnond and the Junction is four miles, an this has
boen more Gif1 eCt TO keen order than amp OiYar
part of the road. There is o. miles OF heavy rail
very much worn, and four miles oil fat ra1 requir.
ing entire renewal. or substitution with heavy rail-
During the fiscal year the ran 233547 miles on
connecting n aiG The gross earnings of the tele-
graph line were S5.s7l 81 expenses a49s3 23-
net earnings, $926 g. The number of passengers
carried this year s double that of last and the in
crease Of receipts e207 695. SO.