Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1874-11-04
washington & Ohio Railroad Meeting.

The apnual meeting of the stockholders OF
the WASHINGTON and Ohio Railroad Company
was held in the Office Of that company, 10 this
CITY, to-day large uumbcr of the stockholders
being in attendance.
At o clock the meeting was called TO order
by r. Il Lee, esq, of Loudouu, ami on bis
motion j. NJ Orr, ESQ.,. of Leesburg, was APP.
pointed chairman, and R. Johnston secretary
On motion of j. j. Jameson, committee
on proxies was appointed, consisting of }. j.
Jameson, r. Johnston, and w. A. Smoot,
who, after retiring, reported that a majority of
the stock was represented 10 person and ny
proxy.
The President then presented his annual re-
port with the accompanying accnunts, Which
were read, approved, and five hundred copies
ordered to be printed.
REPoR OF THE "oARD.
To the Stockholders:
The road was opened to Purcellvilc, dis
lance of 81 mites from Hamilton, on the first OF
April last and the station suitably equipped
with passenger and freight house and q turn
table-opening up to the road very productive
Fart OF LouGoun county. The contractors for
tie extension to Winchester Mcssrs. :. dams,
Hammer s. Co., commenced rk under their
contract contract on the frst of May lat and have
steadily proceeded with it, but with small
for ce, not deeming it prudent in the existing
state of money matters, to run the risk OF wing
to stop operations.
The road is now graded to the end Of the 7th
section, and the contractors are at work on the
Sth mile boyord Hamilton. We are now laying
the track to Round Hill, the next station, 5ii
| miles from Alexandria. and 81 east OF Smokers
| vile This sddltlon we hope to have IN use in 3
few days, as the rails are upnn the ground, In
the heavy rock cut through Scotland Gap, above
| Round Hill, work mas commenced. When we
get through this gap. the grading to Smokers
| Vile ut the foot vi the Blue Ridge will be COM
| psrat,vely light Whether the work is to be
| suspended at this point, will depend upon the
ca. operation of our friends more Immediately
| interested in our enterprise. The opening up OF
ibis rich and beautiful valley to trade and travel
| by rail must be Of great advantage TO both that
region and the eastern terminus OF the road.
| As stated in our last report, our receipts
For the year 1872 were......... SsO, ~ %
| For !" 1873 Were........ w, So3 10
For " 1874 they were. l04,Ol2 81
Being 81 increase of II! per cent over 1873, and
| 80 per cent over 1872.
The road is in good condition, as well as the
rolling stock. We shall soon need a en-wheel-
ed locomotive for our freight trains, which are
becoming heavier a. the road Is extended.
In our last report the then financial condition
of the Company wns set forth. Another year
having elapsed we deem it proper to give 3 IKE
statement Tor the year ending September goth,
1874 We do this for III, satisfaction of the
| holGers Of our bonds, AS well rs because Oh us
being proper in itsef: oo,
FIRST mort bonds A. L. s. a., at par. $47 OOJ
Do. do w. so, 80. NJo UUO
Ten-year bords, secured by deposit of an
| y NJ 9,1CO
Bills payable ................ los, 327
| Due contractors of July =, 1863 for ad-
vances and 3lO,uJU
One Stu q of Virginia 1850
Dine s,Iudrv psrties ................... 80 S4j
| S-5S ~