The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-11-21
R YESTERDAY was clear

higher temperature and barometer.
THE WEATHER YESTERDAY was clear
and pleasant.
THERMOMETER YESTERDAY : 6 A. NJ, 80
o A. NJ. So; noon. Ga; 8 p. d., ca; +
~. &c; midnight. 90.
Mean temperature, 5B.
LOCAL MATTERS
ANNUAL MEETING OF THE STOCKHOLDERS
OF THE RICHMOND, FREDERICKSBURG AND
POTOMAC RAILROAD CoMPANY.-The annual
meeting OF the stockholders OF the Rich
mond, Fredericksburg and Potomac Rail
road Company was held yesterday at noon
at the company's office, on Broad sfreet:
The meeting was called to order by Major
Eellv. OF Fredericksburg, aud on bis mo-
tion Mr. Edward I. Cannon was invited
20 preside, and Mr.. James 3. Winston to
act as secretary.
Major Kelly presented the following:
Whereas it is apparent that Il majority OF
the stock OF the Richmond. Fredericksburg
and Potomac railroad is not represented By
those in attendance upon this meeting; and
whereas this IS the day OF the regular an.
nual meeting OF the company. at which the
business 70. the year Is usually transacted,
including the reception OF reports, the
election OF officers, &C.; therefore be it
RESOLVED, That this meeting do now adj
iourn TO meet again in Richmond on the
alst day Of January, 1879 (Tuesday), at II
NJ, at the usual place Of meeting.
The following is the report OF the fresl-
dent:
fI>n fN1l mo r
port O; the company's operations Tor the
fiscal year ending September 80. 1878:
Fec eipts from transportation have 20. On
Receipts from hire OF cars............ 499 GG
Receipts from rents...-..........-.... Z,Z4o 10
Making gross revenue of.....;..:..s3ll332272 81
Expenses OF tranSportatiorhave been i6o'l74 W
Leaving net revenue of..............154,o9S4 III
which net revenue exceeds that Of the pre-
yious year by the sum oil ST,SS9.9S.
The payments on account OF interest on
bonds and dividends on guaranteed stock
amounted to Sill, ,7l1.S3. leaving net profit
OF 42.3S6.Gl, against S37,4l2.SS last year.
During 4 considerable portion OF the pres
cnt year three regular daily passenger trains
were run. Lately they have been reduced
to two. with favorable schedules.
The roadway, track, and rolling stock are
in excellent condition.
The stockholders. at their meeting in July
OF this year, directed that there should be
an arrangement with the Potomac Steam
boat Company to run by steaMboat TO and
from the wharf at Quantico that part OF q
day line between Washington and Rich
monl, upon the terms that the.receipts de-
rived from passengers, the mail, andfreights
By said day line from Washington to Rich
,,sn n divided
between this company and such steamboat
company in the ratio in which such receipts
have been divided between this company
and the Alexandria and Fredericksburg
Railroad Company. 1t has been deemed ad-
yisable that the boat SO TO be provided
should be capable OF carrying postal, sleep.
ing, and other cars, and inquiries are now
being prosecuted looking to the employ.
ment Of boat on the Potomac, which, IN
addition to the requisites named in the
resolution adopted by the stockholders,
should bave proper appointments and ac'
.commodations Tor such cars.
Respectfully referring the stockholders to
the accompanying reports OF The Commit.
tee OF Examination and or the general SUI
perintendent, and to the statements of the
treasurer for details, this report is submit
ted.
ISisucdl Ro. OULD, President.
The following is the general superin
tendeut's report:
TO the President and Board of Directors
Gentlemen gross income OF The
company for the year just ended, eXclu
sive ot rents and hire Of cars, sums uI
s311. $780, being a decrease Of S5,S64.44
as compared with the previous year.
H.. az GQmf
period amounts to Sl6O,174.07; being de
crease OF S16,630.5l.
The net revenue found by deductlns
from said gross income the current eX'
penses is Sl5l,359.23, being an increase oi
-S10,T66.07. ..... ~s-'' G..
The falling of in income was: From
through travel, 9 per cent; express matter,
II per cent; local freight, 1Ss per cent.
And the gain in income: From loca
travel, 81 per cent; United States mail, SGs
per cent. -.,
The sum charged to cost of road and pro.
perty is less than that Of the previous year
by S&,9S7.04. The items are: ~
New New Bss.tsse1.:si: 735 e
Real estate. ........ +" 42O 10 .. -.
difference between cost OF .f.. -@
steel anu iron rails......... 1875 so .
Less received from 't
Real esfate........ 81
Old equipment sold........... 1000 90. 90, :,
-S 2,OS4 81
slI.440 5e
For the condition of the road and proper
ty you are respectfully referred to the re-
port OF the Committee OF Examination. l
beg leave only,to say that it has improved.
1t is my duty to record serious train
accident as having occurred to the north
bound night mail train on the night OF the
9th OF February last between Penola and
Milford stations. This train parted near
Penola, and the forward section was
overtaken by the rear section. the
two coming together with sufficient
force to overlap two Of the platforms, upon
which were three passengers. One OF these
died from the injuries received, and two
had to undergo amputation. An employe
OF the company was also, killed, The bodies
OF the cars remained intact, and no injury
OF any consequence was done within them.
The train was composed Of two Pullman
sleepers. two coaches belonging to other
companies, and two mail and baggage-cars
belonging to this company, 1t parted be-
tween the sieepers, which were in the rear,