The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1876-12-08
Decrease in losses and damages. S 14,92S n
Making net increase above stated Of $130,7l5 70

/ o.
Making net increase above stated Of $l3O,7l6 20
THE PASSENGER BUSINESS! .elsaf
again shows decrease as against the pre-
vious year. The Centennial exhibition had
the effect of drawing off from the watering
places OF our. line many who were in the
habit of visiting, them, and diminished
largely our receipts from that source. Every
effort is being made to induce travel on our
route, and have hopes Of an improvement.
! 81 81. THE FKEIGHT1Na BUSINESS. 7, ~
Our receipts from freights were increased
by the sum of S1S4,079.se, and but for the
very low rates that have ruled on account
of the competition between the east and
west trunk lines would be in a very salts
factory condition.
Our tonnage for the year amounts to
415,4 1852 tons, which is an increase of 55,S93
tons over the previous year, and does not
embrace the fuels and materials hauled for
the company.
The average haul per ton was 235 miles,
or an increase of fifty miles per ton.
The locul interests aTe generally improv-
ing and developing, and [ hope that the
business of the current year will show q
largely increased tonnage at more remune-
ratlye rates. ....-.......- il. =,
). THE ROADWAY
has been improved by putting in four hum
dred tons OF iron and seven hundred tons OF
steel rails, by ballasting, removing some Of
the few remaining temporary tracks, and
protecting more fully some points liable to
slides.
The increase OF SSs,06S.53, as shown in
the above table, in the cost Of the main
tenance Of way department for the year, Is
fully covered by the ], ,1C0 tons OF new rail
with the fastenings, ties, and labor OF lay
ing them down, there having been no new
rails put in during the preceding year.. :.
Hereafter. however, we shall have to look
to regular annual expense in relaying
parts OF the road with new rails.
Dep6tS and arater-stationS are in good
condition; and I continue the policy OF
utilizing gravity-water for our stations
wherever can do so.
s1DNGs.
To utilize our motive-power to the best
advantage, and to fuIther the development
OF the minerals on the line, has required o
considerable addition to our sidings; and
| in the year ending September 80, 1875, we
have put in $40 miles Of additional
sidings, using therefor the old rails that
were taken up in putting the new ones
down. .@ ~.
| = lnE EQOlI
is in improved condition, and stands as fol-
lows: 20 passenger-cars 16 baggage, mail,
and express-cars pay-car, officers car,
sleeping-cars, $40 box freight-cars, $50
eight-wheel coal-cars.> 1854 four-wheel coal
cars, 191 platferm-cars, 155 gondolas, 103
stock-cars, 137 gravetcars, 'drovers'- '-cars,
observation-car, derrick-cars, 100 dump
cars, 76 locomotives.
Y ho,,o cos,op1ato6 fho r,avynopfc IN five 0f
the leased engines, have but little more to
nav on two others, and have made conside-
rable payments on the five last bought from
the Danforth Company.
| beg leave to call your attention to the
|, fact that our cost OF repairs OF machinery
has been increased only $1,370.18, with an
| increased tonnage OF over $4,000 tons as
against the previous year. -
There has been general effort upon the
part OF the employees OF the company to
study its interests and work to its best adj
vantage, and I can say to you with conf
dence that the property Of the company has
been much improved in condition and in
creased in value during the year.
Your obedient servant,
WILLIAMS G. WICKHAM,
..4,s-rs Vice. President. 4
On motion Of General Echols the reports
Just read were approved.
On motion OF John Page, Jr., the follow
ing resolution was adopted:
Resolued, That g. p. Huntington, A. A..
Low, Lloyd Aspinwall, David Stewart,
Jonas G.. Clark, A. S. Hatch, William
Whitewright, and John Castree, OF New
York; ;PIiny Fisk, of New Jersey John
Echols and Williams G. Wickham, OF vir.
ginia, be and are hereby elected directors Of
this company for the ensuing year.
The meeting then adj jonrned.
~ = n,,z,,;rn Gale n reseryed