The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-12-01

suDliiit the ioiioWiDP statement OF the busi
ness OF the company for the fiscal year end
ing 30th September last:
1879. 1850.
Gross receipls......S154,622 go Sl6a,19s Q,
aud extraordinary. si,051I5 $4,000 /;
Net rseeipt..,.... s5s,Q7I As $4,000 y
interest On de't''..; z2'o5e OF 1854 Al
Net revepuc...... s50,521 SO s6I,224 7l
Included in the expenses is the cost OF th,
new iron girder bridge over Falling creek
50, 900. ......
| 1t Is recommended that an iron bridge b,
erected over Swift creek next summer.
twenty-five thousand dollars OF The pei
cent. first mortgage bonds matured on The
lst OF April last. TweDty-three thousand
dollars OF these we're paid off out OF The cur
rent revenues. The remaining $4,000 had
not been presented up to the close OF the
year. They bear no interest.
| AS the road is now in first. class condition
and fully equipped, and The current rev.
enne, after paying operating expenses, bet.
terments, and interest, exceeds per cent.
on the capital stock, it is thought but lust
| to the stockholders that the dividend should
be increased. The Board OF Directors have
therefore declared a semi-annuaI dividend
Of per cent, payable on the 1st Of Janu.
ary next; and. from the present business OF
the road, it seems reasonably certain that
this rate can be maintained regularly.
The full reports OF the treasurer and SUI
perintendent give details OF the years busi-
ness, andthe present financial and physical
condition Of the company and property.
FRED. X. SCOTT, President.
The report was adopted.
ELECTION OF OFFICERS.
The meeting then proceeded to the cleo
tioh OF officers. Mr. Ellyson nominated
mously reelected prtsidenf OF the company,
and Messrs. b. W. HaxalI, DR.. ID. w. Las
sitter, II. X. Elyson w. L. Walters, and r..
r. Bridgers, were unanimously reelected
directors.
Messrs. Charles Ellis, John P. Branch,
w. Ii. HaXall, II. +. &. Baskervill. and
John McGill were appointed the Commit
tee OF Examination for the present year.
On motion, Mr.. r. Il. Haxall was added
TO the above committee.
On motion, it was
Resolved, That the president take such
measures in regard to publishing his re-
port, with the accompanying documents
and proceedings, as he may deem expedient.
On motion of Major Frederick X. Scott,
it was
Resolved, That the thanks OF this meet
ing he rendered to the chairman for the
able manner in which he has presided.
REPORT OF THE SUPERINTENDENT.
After giving in detail the statements show
ing the operations of the road, etc., Gene
ral-Superintendent Kline says: Tt track
has been resuriaced and ballasted where
necessary.
The bitches are being cleaned out, and
the road-bed built up 10 give full and
steady bearing 10 the cross-tiCs.
The banks were widened on the reverse
curves approaching the Falling Creek
bridge, and the track changed TO straight
line.
During the year 6,622 cross-ties were put
in the track.
The s.de-tracks in the yard at Richmond
have been extended, as far rs practicable,
TO meet the demands for increased facilities
in handling freight.
BRIDGES.
The plate-iron grder bridge over Falling
creek was completed April 10, 1880, at Il
total cost of S9,05759.
Unless the plan suggested in last annual
report OF replacing the wooden structure
across Swift creek is carried out this year it
will be necessary TO expend enough in re-
newals to roof and partly weatherb0ard, in
order TO maintain ii in good condition.
The James-River bridge will require new
wall-plates and holsters, and some repairs
to the chords.
All the bridges are in safe condition, and
received the usual ordinary repairs during
the year.
The turn-table at Petersburg was rebuilt
during the year at cost OF S20O.55.
DEPoTs AND BUILDINGS.
The inward dep0t-south side Of Byrd
street, at RichmOnd-bas been extended 50
feet in length by % feet in width; cost,
$3.50. $50. The outward depot-north side OF
Byrd street-increased 100 feet in length by
Is feet in width; cost, S5l7 9S.
The tracks in the yard have been extend
ed and altered to suit the improvements.
A new stock-pen has also been built in
the yard OF outward depot at Richmond.
and track extended across Byrd street and
parallel with the stock.pen to The end OF the
company's property; cost, Sl97.72.
All the depots and buildings OF the CON-
pany received the necessary repairs during
the year.
MOTIyE-P0wER.
All necessary repairs have been kept up
in this department, and your attention Is
invited to Table TX, showing in detail the
condition Of the locomotives.
CARS.
Repaired and rebuilt during the year two
first. class passenger-cars, two baggage-cafs,
and four platform-cars.
Three OF the cars OF this company, FORM
ing the through line between Washington
and Wilmington, have been equipped with
Janncy platforms and couplers. Cost
SS19.13.
Six new freight box-cars. bought from
the Tredegar Company In February, 1880,
have been added 10 the equipment.
In addition TO the above, the ordinary
running repairs to passenger, freight, and
coal-cars have been fully kept up.
ACCIDENTS.
On the morning OF May 5th the passen-
ger-car on the rear OF No. freight train
ran of ut Temples turnout, caused by
defective frog. damaging one truck and end
of the car. Nobody hurt. No other acci-
dent worthy OF note occurred during the
year.
II affords me great pleasure 10 record the
steady aud faithful performance of duty on
the part OF employ Is generally. lam much
indebted 10 the heads OF departments for
their efficient and earnest support.
Respectfully submitted.
THE0. ID. KLINE,
General Superintendent.
Adjourned.
Th9iuterestng and very favorable results
Of the business OF the company Tor the past