The national Republican., 1866-11-23
The Richmond, Fredericksburg,
and Potomac Railroad.

We copy from the Richmond Dispatch, Of
yesterday, portion of their report of the
annual meeting Of the above-named railroad
company:
The annual meeting of the stockholders Of
the Richmond, Fredericksburg, and Poto-
mac railroad was held yesterday morning at
the Office Of the president, corner Of Eighth
and Broad streets. The following officers
were reelected: P. V. Daniel, Jr., Esq, pres
ident, and Messrs. G. A. Myers, R. w. Hax-
all, Charles s. Mills and Elihu Chancey, d.
rectors on the part Of the individual stock
holders. Mr.. Andrew Johnston was an
nounced as director on the part Of the Com
monwealth. -.
The following gentlemen were unani-
mously elected to constitute the Committee
Of Examination, under the resolutions
adopted at the meeting Of stockholders in
1887: DR.. Thomas B. Anderson, John r.
Baylor, ]. Hunter, O. F. M Garnett, and
John A. Robinson. ...r ....r ...
The annual report Of Mr.. P. v. Daniel, jr.,
president Of the company, shows that the op-
erations Of the road the past year have been
unusually profitable; exceeding in amount,
indeed, the results Of any year previous to
the war a"
For the year ending on the 3Oth Septem.
Der last the gross receipts Of the company
for transportation amounted to $402, ,7l7.23,
and from rents, 81 ,015.85. This exceeds by
the sum of sl04,227.04, or nearly thirty-fve
per cent, the greatest income ever received
during any year previous to the war, and by
over fifty-three per cent. the average income
Of the five years from 1856 to 1865 inclusive.
The current ordinary expenses for the
5000 n,
per cent. of the gross earnings, and near
portion which the like annual expenses bore
ending both September, 1860. The causes of
this excess are fully explained in the heavy
outlay for reopening and repairing the road
after the devastations of the war-the re-
storing Of machinery, rolling stock, &c-and
the heavy tax imposed by the United States
Government upon the gross receipts Of the
company. -.g .
Deducting the ordinary expenses from the
gross receipts, there would remain in the
treasury $l13, 1898, or more than fifteen
per cent. Of the aggregate capital stock of
the company; or deducting the current in
terest on funded debts and guaranteed divi-
dends, amounting to $47,2l5.52, and $4,000
interest on the temporary preferred loan,
there would remain q net profit Of sll8,-
5778l, or over IL $40 per cent on the un-
guaranteed stock, applicable to dividends
and sinking fund.
But from this balance OF earnings the com.
pany has found it necessary the past year to
apply the sum Of 800, ,l9642 to "extraordi-
nary expenses" consisting of rebuilding
nearly all the station-houses or depots along
the road, new and permanent bridges over
the Rappahannock river, Potomac run, and
Acokeek run, and the extensive wharves at
Aqua creek. This is, indeed. heavy EEK
traordinary expense" and not likely, or any
part Of it, to be be incurred again FOR many
years.
Deducting this sum for extraordinary ex.
penses, there remains Of the years earnings
only $ls,577.sl for the purpose Of dividends.
But this is an extraordinary result at time
like the present. The paying of all demands
in interest and ordinary expenses, and, be-
sides, this enormous extraordinary outlay
for works destroyed by the war-ali out Of
the earnings Of the roads result highly
creditable to the management Of the Rich
mond and Fredericksburg road, and shows IL
to be in most dourishing condition.