The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-11-23
LOCAL MATTERS.

nual meeting Of the stockholders or the
Virginia Central Railroad Company was
held in the hall of tho House Of Delegates
yesterday.
On motion, Mr.. William Overton, Of
Louisa, was chosen chairman.
Messrs. John Garrett and C. ]. r. Me-
therland were appointed secretaries.
On motion, the meeting was adjourned
until O'Clock in the afternoon.
AFTERNOON SESSION.
Tho stockholders, in accordance with the
adjournment, met again in the hall at
o'clock, William Overton, Esq, in the
chair.
Mr.. William Hunter, of the Committee
on Proxies, reported that majority Of the
stockholders was present.
The president, General Williams O..
1Wickham, presented his report, which was
read and laid on the table for the present.
The president and directors submit their
report for the fiscal year ending Septem.
Der 80, 1866.
The condition of the roadway, the roll
ing stock, and the material of the COM
pany at the commencement Of the fiscal
wear. the depression of the agriculture of
the country, upon which your road depends
| for its business, the unsettled political con-
dition of the country, and the scarcity Of
| money in Virginia, have all combined to
make this an extremely hard year upon
the general management of the affairs Of
the company; yet the subjoiDed reports
of the general superintendent and of the
treasurer do not present an unfayorable
result Of the years operations.
EXPENDITURES AND RECEIPTS.
The expenditures for the year in
general administration were..... s627,oo 10
| The gross earnings of the company
for the same period were........ 4S7,4is 10
Excess of expenditures over gross
earnlngS.......... ......,.....'..' @i7V']Vi w
The general superintendent, in his report,
very properly divides the expenditures into
ordinary and extraordinary the extraordi-
nary expenditures being those which were
rendered necessary by the casualties and
general dilapidation resulting from the war.
He shows that the ordinary expenditures
| were s367, ,313.02, and the extraordinary
$3.50 0,337.l3.
These extraordinary expenditures pro-
perly belong to reconstruction and re.
equipment account, and If so classified
would have shown the net earnings of the
company to have been 1920, ,136.0S. Almost
the whole of this sum of $260, 1897 .l3 may be
regarded as an addition made to the value
of the property of the company, as COM
pared with its value at the end of the year
ending September 80, 1865.
For the details of the extraordinary ex-
penditures, special reference is made to the
report of the general superintendent.
1t should also be borne in mind that
whilst our charges for freights and passen-
gers are but very slightly advanced, as COM
pared with the charges Of 1860, nearly
everything that is purchased for the COM
pany has advanced at least forty per cent.
in price. Full statements upon this point
will be found in the report of the general
superintendent, as also some interesting
| comparative statistics in regard to the
freighting business of the company.
DEBTS OF THE COMPANY.
By reference to the report Of the trea-
surer it will appear that the debt Of the
company, as shown by his books, Septem-
ber so, 1865, is as follows, viz:
Mortgage debt, less the amount OF
| sinking fund. ..el,oSaooo o. o.
Bonds for dividends s..............' Z.'sW " "
Floating debt, ,....""."....''..'. Zso'hI %
| l,762,5 ,5S3 IS
GO nornnany ...... l25, ,4s5 7s
! Tota, Indebtedness. 81 1897, lis os
The same report shows an indebtedness
on September 30th, 1866, as follows, viz:
sinfiag fnnd' 81, ,427, ,oe3 81
n;vidand honds. l22,6lS 90
| ponds nf 1850 for interest. S3,l25 03
Floating debt. bt...,,,,..,. 1850 Al
| l,sss,l7 81
to somnany OBSERVATION-DISCLOSURES. 1883 o.
Total indebtedness. .sl, $50, 6s2 80
NEW LOAN.