The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-11-27
LOCAL MATTERS.

RICHMOND AND PETERSBURG RAILROAD Com
PASY-ANSCAL MEETISG.-The annual meeting
OF the Richmond and Petersburg Railroad
Company was held yesterday 1T the compa-
ny's office. Mr.. James III. Cox was called TO
the chair, and NJ. w. Warrington acted as
secretary. quorum being present, the meet
ing took up the Presidents report.
This report shows that the receipts of the
year have been 1886, 1861 ordinary expenses,
$50, ,G33 90; nett income, Sj3, S23 81 This shows
4 falling off in the earnings OF the road OF Sl4-
276.12; Of which 81, 7i7.77 is due TO the falling
of in the freight ofcoal, owing to the accident
ut the Glover Hill pits. This freight will be
soon restored, and will steadily increase. Du-
ring the year there has been II reduction
in the expenses Of the road of S24, ,i64 us COM
pared with the previous year.
The President alludcs TO the successful ope-
ration of the through arrangement for travel,
mail, and express baggage. Since August,
when it went into operation from the Poto-
mac to the Roanoke, with through connec-
tions in Petersburg and Richmond, the
through travel has been decidedly increased.
The past two months 1t exceeded that OF the
same TWO months of any previous year Sc
venty five per cent.-;l great triumph of the
through policy. The committee TO examine
the road reported that it was in good condi-
ton.
The President was instructed TO consult
counsel concerning the extent to which the
company was involved by its failure TO give
notice 10 purchasers of stock scquestrated and
sold by the Confederate Government. The
company has been unable TO. obtain Il list OF
stock so sold, All their books having been de-
stroyed by the great fire.
Free PnsSeS.-A paper on the subject OF free
passes, signed by the presidents OF the Cen
tr:ll, the Richmond and Fredericksburg. the
Richmond and Danville, and the acting agent
of the Seab0ard and Roanoke railroad and
the Bay Line of steamers, was presented, and
referred TO the Board of Directors. This
paper proposes to abolish all free passes, save
| 10 the following persons, after lie - day OF
-, lSGS:
l. The acting officers or agents of the road
or their families, rs part consideration lor
services.
>. Members of committees in discharge OF
their du ties.
;. The Governor, members of the Board of
Public Works and its secretary, and the
proxies of the State.
This restriction not to interfere with exist
ing engagements created by the stockholders
or by special contract, nor is 1t to deprive the
presidents of 4 discretion to issue IN occ;t-
sional plsS III charity or for extraordinary
cause.
tnnyoliGntion.-On motion of Mr.. James II.
Branch resolutions We're adopted proposing
TO consolidate the stocks, property, ana opera
lions of the Richmond and FREDERICKSBURG,
| the Richmond and Petersburg, and the Pc
| tersburg and Weldon railroads, or any two OF
them and Il committee, of Messrs. Branch,
Dayennort Lassiier, Goddin. and Wynne,
were appointed TO confer with committees
which the other companies We're requested 10
appoint upon the subject.
Mr.. Ellis was re-elected president OF Tue
company, ana all inc lotulcl oli e0'oiS "e1'
also re elected.
! AT the conclusion of the business OF The
meeting it was adjourned; and ADJOURNED
moreover, to a very fine collation., which was
enjoyed by those present III very happy way