The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-11-20
LOCAL MATTERS.
Fredericksburg Road.

ANNUAL MEETING OF THE STOCKHOLDERS YES
TERDAY-REP0RT OF PRESIDENT OULD-BY-
LAWS sANENDED-ELECT10N OF OFFICERS.
The annual meeting OF the stockholders
Of the Richmond, Fredericksburg and Po-
tomac Railroad Company was held yester-
day-Mr. e. 7. Cannon in the chair and q
quorum Of stockholders present.
The report Of the president was received
and read, as follows:
RICHMOND. VA, November Is, 1879.
The Board of Directors respectfully pre-
sent to the stockholders the following re-
port OF the company's operations for the
fiscal year ending September 30, 1873:
Receipts from ansportatiou have
been ..................SoAa'S39 S1
Receipts from rents. ................. 2,l92 2s
Making gross SaSd ga79s2 7S
Leaving net revenue of.....$155 056 81
which net revenue exceeds that OF the pre-
vious year by the sum Of $957.90.
The payments on account OF interest on
bonds and dividends on guaranteed stock
amounted to S1C6, 193.01, leaving net pro-
fit OF S4S, ,S63, ,33 against $40, 1856, 81 last year.
In pursuance OF the resolutions OF the
stockholders in July, 1878, directing that
there should be an Arrangement with the
Potomac Steamboat Company to run by
steamboat day line between Quantico and
Washington. q contract has been entered
into between this company and the Poto-
mac Steamboat Company providing for
the construction OF swift iron steamer for
such service.
AS indicated in the last annual report,
the steamer 10 be furnished. besides having
ample accommodations for passengers, will
be capable of carrying postal, sleeping, and
other cars.
The contract between this company and
the York River line, bearing date May 26,
1877, regulating the charges for transport
ing passengers and freight, expired by its
own terms on the 31st OF May, 1879. Since
that day another contract between the same
parties was entered into, having the same
purpose in view, though not containing
precisely the same provisions as the former
contract. Since the date OF this last-named
agreement, it has been deemed advisable,
in accordance with one Of it; provisions, to
give notice Of its termination on the 1St
of February, 1880; so that after the last
named date this company will be at full
liberty to make such rates for transporta-
ton. both through and local, as it may
deem proper.
The directors OF this company, DeiieVlnS
that there is a public sentiment in favor Of
an all-raii freight line between the North
and South. and being anxious to meet and
crafty this public desire, have requested
the cooperation Of connecting roads in ac-
complishing such result. While the an
swers they have received are not as salts
factory as could be desired, yet they are
not without hope that such an all-ral
| freight line will be established. III it is not,
| it will not be the fault OF this company.
Respectfully referring the stockholders
to the accompanying reports of the Com.
mttee OF Examination and OF the General
! Superintendent, and to the statements oil
the treasurer, fer details, this report is
| submitted.
BY order OF the Board Of Directors.
ROBERT OCLD, President.
The Committee on Bylaws submitted
several amendments, which were amended
and adopted.
Judge Ould was reelected president. The
members OF the old Board were reelected
with the exception Of Mr.. Moncurc Robin
son. Jr., who having resigned, Mr.. A. g
Biddle, Of Philadelphia, was chosen in bis
place.
Adjourned.