The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-12-03

The annual meeting of the stakeholder,
Of the Orange and Alexandria Railroad
Company convened in Alexandria on
ThurSday-B. II. McGrudcr, Of Albemarle,
in achair, and J. II. Reid secretary.
lh" report Of the president sets forth
| that when the road was turned over by
their agents the financial accounts stood A.
follows: Debts due, 1900, SOS .OG resources
turned over, a42,Gls, leaving def
cheney OF s2jS,0iT.06. The whole receipts
and expenditures Of the company since
turned over are stated TO DO "a follows ::
Receipts, $500, JOLT expenditures, Slg7,-
5000.
The Board, while acknowledging the
| present cmbarraSSmcnts of the company,
think the future is promising, aud basing
! ihclr estimate on present receipts, they
! believe that next year 100000 will he a
reasonable estimate. This will give net
! gcvcuuc oycr expenses of S24O,00O per
amuum. And it is expected that within
| thIcc years the receipts will reach 81 900
| 900 per annum. II IondholdcrS, SC, will
| give the company fair chance, the Board
| is of the opinion that the embellishments
| Of the company will soon cease.
| Mr.. James Barbour introduced the fol-
! owing resolution:
| R@o'rca, That the stockholders Of this
company regard with deep interest the
construction Of the railroad from Lynch
! ourg to Danville az work OF great i'm
| portaucc 10 the State OF Virginia, and a.
Offering valuable luSGrc connection Of The
| Orange and Alexandria railroad, forming
with it, when completed, a direct aud con
| tiuuouS line OF railway, which VIII traverse
| tie Piedmont section of the STATE, and cI-
tend from the Potomac river to tho borders
! Of North Carolina.
| Pending tie con>idcrat n of Tbs rcs1lu-
| ton, the stockholders were addressed by
Mr.. Dean, the president q the project led
road. Mr.. Dean, in IN able adde's set
forth the advantages Ct tn proposed road
! and urged the ncccSSity Of u speedy GOA.
| plctuu of our works Of Internal improve
mcnt already begun, and the construction
! Of others, a> Il means OF developing tlIe re-
| sources OF the State and preventing emf
grafton from the State. He advcrtcd TO
| the advantages TO accrue to the Orange and
| Alexandria railroad from the construction
Of the proposed road, and strenuou,ly OPP
posed letting our roads pass into the hands
III lA't tt1t II I'3ttkAN'N ~ N'bAti'.''
, the construction OF railroads will induce
immigration into the State, and bring
wealth aud prosperity in their train.
Hon. Jeremiah Morton followed, com
plmcntng Nj. Dean, and advocating the
/ construction o. the new road. He cI-
| pressed his entire belief in the value OF the
stock OF our railroads, and urged the stock
holders of the Orange and Alexandria
Railroad Company 10 be- patient, and not
| dc>poud, and their investment would yet
| hc valuable.
Major ]. H. Lee, Of Orange, followed Mr.
| Morton, expressing his qualification al the
interest manifested in the proposed road,
and urging lis favorable consideration upon
the stockholders, and the corporations
the Orange and Alexandria railroad. lie
! advocated the building of railroads and ca.
nails as means Of developing the resources
Of the State, and concluded his remarks
hy defence oi hi, course in the last Lee
gi@ldturr. Ia the course Of his remarks
tie expressed the opinion hat much Of tho
feeling o. luminosity 10 Us in West Viz
gjnia, and, as a consequence, their desire
t. separate from Us, was caused hy an IN
disposition Oh the part Of the Legislature
t. grant Tor that section proper railroad
facilities.
Mr. Barboul's resolution was adopted
john :. Barbour VAS unanimously re-
elected president "t the company, and
Mc>>r>. Hart, Coghill, Cuzcnoye, and
Slaughter reelected directors on tie part
If tie stockholders.
Nh Ma>>v offered the following result
ton:
I.b.~J TJ,t au.I,or;,v lac conferred