The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-03-20

Tros OF OFFIcERs.-The adjourned ann ual
meeting of the Richmond Railway Com
panv was held at the office of the company
at IL NJ. Yesterday. DR.. R. S. PEBBLES in
the chair: Mr.. Alfred Moses secretary.
Messrs. Gray, Cabell, and Peyton, were
appointed q committee to ascertain if o
quorum was present.
After a delay of half an hour, the CON-
mittee reported that l,27l shares of stock
were necessary to form quorum, that
there were present by proxy l,437 shares,
and in person 1872 shares total number
of shares represented, 2,2l9.
The proceedings of the last meeting were
read and approved.
Colonel Cabell, of the committee ap-
pointed at the last meeting to consider the
Presidents report and the affairs of the
company generally, submitted report
from which we make the following ex-
tracts:
The committee reported that the profit
of street railroad in any city whose
population iustifies it's building depends
upon the establishment of tariff remu-
nerative but at the same time sufficiently
low to secure large number of passen-
gers; and also depends upon economy
in its management. With view to secure
the passengers, they recommended that not
more than seven cents be charged for
single ticket, and one dollar for a package
of sixteen tickets. They further stated
that the company was at much greater
expense than necessary to keep their
horses, and recommend the attention OF
the cOmDany to the subject,
With regard to the extension of the
railroad, they thought it advisable, but not
at present, as the company was not finan-
cially in a condition to justify it. The
question of routes should depend in
great measure upon the relative amount of
stock taken upon the proposed lines.
A majority of the committee strenuously
recommended the adoption of the box
system, which has been adopted with great
success in other cities. A minority were
as strenuously opposed to it on the ground
of its inexpediency.
In conclusion, they recommended that
the instalments remaining unpaid upon
stock subscriptions should be collected by
the Directory as soon as possible.
Accompanying the report was letter
from Mr.. W. Gill, City Engineer, in which
he stated that the road made from the
present terminus to Hollywood Cemetery
would have to be six thousand feet long,
and would cost $4,000. He suggested
that it be commenced Immediately, so that
it could be completed before the warm
weather set in. OF the many routes to the
cemetery, he stated that the one from
Brook avenue down Adams street to Grace,
IL, - oil n
Main, up Main to Elmwood, thence to
Cherry street, and down it to the ceme-
terry, was the shortest, and would cost less.
The working Of the box system we have
fully detailed. Among its greatest advan-
tages, it dispenses with the use of con-
ductor.
Hon. James Lyons spoke of the box-car
system as he had seen it work in New
Orleans, and was in favor of Introducing
the box system here. He was also in favor
of having the railway extended out on the
roads of the city, which, he said, would be
of great convenience to those residing
there now, and would also attract persons
to build along the road.
Mr.. McCance advocated the introduce
ton of the box system, and also the re-
duction of fare. During his remarks he
stated that one of the patent boxes would
cost $3.50; therefore the introduction of
the boxes for the eight cars would cost
$1,000.
After some further discussion, on mo-
ton of Mr.. James Branch, the reports
were laid upon the table, and the election
of officers for the ensuing year proceeded
with.
Nominations for President were first in
order.
Mr.. James A. Scott nominated Mr.. II.
N. Dennison, the present secretary.
Colonel Cabell nominated Mr.. Thomas
W. boswell.
Hon. James Lyons spoke in favor of the
nomination of Mr.. boswell, and Mr..
Thomas W. McCance in favor Of Mr.. Denni-
son. Mr.. Branch and Mr.. Charles Bevlin
favored the nomination Of Mr.. boswell.
The vote was then taken, and resulted
in the election of Mr.. Dennison Mr.. Den
nison receiving 1869, and Mr.. boswell S43
votes.
Mr.. Scott moved that the Board of Di-
rectors be increased from five to six men,
bers.
Mr.. Thomas W. McCance was then nom
mated and elected.
The report of Colonel Cabell, which had
been laid upon the table, was taken up
and received.
Messrs. Peyton, Gray, and Brown, were
appointed to examine the condition of the
road.
The meeting then adjourned.
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