The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1872-12-12
RICHMOND s. DANVILLE R. R.
Annual Meeting Of the Stockholders.

RHHMUNU & UANFiLLE X. Il.
Annual Meeting Of the Stockholders.
REPORT OF THE PRESIDENT AND OTHER
OFFICERS.
The stockholders of this company met In
twcnty-tffh annual session in the Exchange
Hotel in this city yesterday. and were called
10 order ut II N. b. Colonel \. 5. Bntord,
TN whose motion Graaral Joseph Il. An.
d'rHon was called 20 the chair.
Mcs>TS. ]. y, Blair and W. +, Turner were
elected secretaries.
NcSsrS. William b. ISaacs, W. II. Simms.
and TT onlas d. Neal were appointed a COM
mite : on proxies. who, after an cxalnina-
ito, reported as follows:
Number Of 900
Necessary 10 quorum. oool
rr,scn; IN person. ........................S,S22
--.e,l7.
4 quorum being in attendance, Colonel
Hnford, on behalf OF the President and Di.
r@ctoIs, read their
Annual Report.
From the report OF the President, Colonel
\. :. BuforA, we learn that the earnings and
expenses for the year have been as follows:
EARNINGS.
From passengers. S26Sla o5
From CC'1iS 5l!S!T 30
!rom express frctghi> ............ 1910 81.
From United STATE, mail. 2G,ass oS
IRON telegraph ACKNOWLEDGEMENTS. Ali G6
lson feGtS.... e35s 50
Total ACKNOWLEDGEMENTS a5l 81
ENrHSSGS.
Tny conducting transportation. s20o,sla Is
}Ef maintenance OF roadway
ana rt'.iI sStStc. ............... lI6.2l2 u
Fol maintenance OF machinery sa,gIl az
For general expenses. ..-........ :Q,266 81
--s.7o,so8 %
,ancun; Of receipts over expenses of ore-
IA; !aE S363s.5 Go
Cost Il operating. So $1,000 Of income.
compared with the last year there appears
All Increase Of gross income for the year, in
cIudinS rents. OF S,6,319.51 : increase OF net
iucone for tn year of Sl9.Gl0.QI; increase
Of gross tonnage transported for the Year OF
loss tons; and this Notwithstanding Il de-
CREASE of grain transported of G,2I4 tons,
due to The short grain crop Of 1871, falling
upon the CARRIER months OF the present fiscal
year.
TIE ROADWAY AND BUILDINGS
have been materially IMPROVED, and other
improvements are Recommended, including
he" buildings =. Richmond for offices and
general aclCo Uses, which it is thought
eAoulu u ~ be postponed longer than the en-
sung spring,
EQUIPMENT.
This has been materially improved by re-
pairs and 10y new cars and engines bought
S1+ 81 IN,
the year engagements on favorable terms
were made with the Grant Locomotive
Works for eight filst-class locomotives, i've
Of winch have been delivered. Two new
fjrst-claSs passenger cars have been pur-
chased during the last few months, and
two others, built in the company's shops In
Manchester, are nearly complete for use; and
about ninety burthcn cars Of different classes
have been III like manner built during the
year, About forty other cars Of like grade
,Te under cons ruction. Part OF this new
equipment l. designed for our southern con-
2eCtiOns, as stated elsewhere.
LATERAL AND CONNECTING ROADS, wHARvES, &C.
As stated in the annual report OF last year.
IN agreement was entered into on tn" 9th Of
April. 1871, with the Iredcgar Company, for
the construction OF an extension OF the COM
ranv's Belle Isle branch ~ the works OF
that company on the north bdnk OF james
river. This work has been completed III Il
satisfactory manner al an aggregate cost OF
about $4,000, and is now in successful opc-
ration by this company, 10 whom it has Dcen
turned over upon the term, OF the agree
mcnt referred to and heretofore reported.
\ branch OF two aud three-quartcr miles,
designated lis the James River branch, extend
iug from the main llne, four miles south
VI Richmond, to the granite quarry OF
Ncs>re. Andrews, OrdWay Il Green, on the
south bank Of the James river, ids been
i,iit during the year and put i'll operation.
\ short branch TO the BoScUc granite quarry
has also been opencd. From these and the
Cd Dominion granite quarry large guam
tity Of valuable material is being produced,
finding it, transportation for several mites
over this road 10 lis terminus 1T Rockets
wharf.
70 encourage and aid the increased pre-
ducti0n of the Midlothian coal-tield, Il branch
Of about threc-lourths of Il mile, leaving the
main line near Coalfed, has been built and
put 10 work during the year with very salts
factory results the increased production OF
coal thereby already secured fully occupying
ana sometimes exceeding the company
not doubted that this branch Of industry in
that district can be still further developed
t. the material profit Of the company and the
operators.
The required accommodations for the in
,orc,,> above referred to impcrativcly de-
ur,ndcd enlarged and improved wharf ac-
coHmoGlions ut tue terminus OF the compa-
ny'> line OF the south side Of james river
tpnrGa-tS In cool inc I'm rrppiIp
for this demand il was found on inquiry in
the early part ui the year that the company's
property interests in thit locality were
very limited in extent and indefinite in
their origin and character. No deeds, re-
cord Of condemnation, or other munimentS
81 titE" We're 10 be found, il such had ever
existed, although tac company had for years
occupied and controlled valuable portion
Of the river front, and expended considerable
sums on its Improvement, claiming under an
informal though executed agreement and
rant from the former owner upon a yalua-
Jle consideration rendered by tn" company.
III this state Of things il was deemed judi
cious that the company should extingulsh
All claim and contest, and acquire at once
such additional water front is its present
and prospective wants required, an opportu-
ni:v for doing which then existed. This Was
done By purchase under judicial sale from
the Chesterfield Coal and Iron Mining Com
Euuy at q cost of $4,000, thus putting the
company in undi>putcd control OF about one
thousand feet Of Well-situatcd water-iine,
with ample background, comprising about
Tour acres, with large and substantial brick
tenement useful Tor storage and other pur-
poses. A large part Of this front has been
already covered with substantial and du-
yab!e wharf, and the remainder is under