The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1867-11-28
RECHyOSD, FREDERICHiSEER
AND POTOMAC RAILROAD.

ANNUAL MEETING AND REPORTS.
At the thirty-ffth annual meeting of
this railroad company 1928 votes were
present.
Presidents Report.- Presidents re-
port was received and approved. This
report shows the income Of the company
to have been during the year, from trans
portation, 5000, ,0l5.24, and from rents of
real estate sl,0G2 10, or III al! $3Ol on 81 :;
being sl02, ,65j.S4 less than the income of
the preceding year, and nearly equal to
the greatest income received during any
year before the late war. This decrease
of revenue is explained by the fact that
during seven weeks succeeding the 2Gth
of December, 1866, the navigation Of the
Potomac river was completely closed by
ice, suspending all transportation over this
route, except between Richmond and Frc-
dericksburg, while the severity Of the
season greatly Interrupted even that.
It appears that the current ordinary eX-
penses Of the company during the past fiscal
year amounted to 1912 ,00G "A or SIT, 1888 81
less than they were during the preceding
year, although no fewer trains were run, eX-
cept in midwintcr, and no other opportunity
was afforded Of dispensing with the ordi-
nary force, machinery, or operations of
the company. The sum Of 40,374.53 was
expended for the rebuilding of depots de-
stroyed during the war, the cost of iron
rails bought before the war, rebuilding
culvcrts, bridges, etc.
The item of extraordinary expenses is
credited, and reduced to Sl2, 1888 by the
sale to two railroad companies of proper
tionate interests or shares of the company's s
cars now employed on the through trains
run between Aqua creek aud Weldon
under an arrangement and contract made
with those companies in August last.
This arrangement dispenses with the
use of omnibusses and wagons in trans
porting passengers, baggage, and freights,
through these cities, which had always
subjected this route TO great disadvantage
and unpopularity, as compared with other
competing routes. Passengers are now
transported over the three connected
roads between Aqua creek and Weldon
without change OF cars.
This Improvement transferred the tcrml-
nal station from Broad and Eighth to the
corner of Byrd and Eighth streets, Rich
mond. Partly in consequence Of this
change, and partly to provide space fol
workshops, two lots have been purchased
On one of these u neat wooden passenger
station has been erected, and is used con.
jointly by this company and the Richmond
and Petersburg company.
| rs tbn .ipht nor cnnt loan amDUptjrf
to 100000, contracted in July, 1868, FOL
the purpose Of recOnstructing and re
opening this company's road, all has beer
paid except $1,000, which has never beer
presented for payment, and the holders o
which are unknown TO the officers Of lht
company.
The roadway, bridges, and other struc
lures OF the company, as well as Its car
and machinery, were never in better con
djtion, and its books and accounts have
been accurately, diligently, and faithful,
kept.
Election Of Oticers.-P. V. Daniel, Jr
Esq, was unanimously reelected presl
dent.
Messrs. G.. A. Myers, r. ". Hazall, {
S. Mills, and Elihu Cauncey, were unaui
mously reelected directors on the part {
the stockholders, and Mr.. Andrew Johr
ston announced director on the part Of IN
State.
DR.. T. B. Anderson, J. R. Baylor, Jane
Hunter, C. T. n. Garnett, aud John !
Robinson, were elected to constitute
committee Of examination for the cnsuin
year.