The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-01-15
LOCAL MATTERS.
York River Railroad.

ANNUAL MEETING OF THE STOCKHOLDERS
| THE PORT OF WEST POINT AND WHAT HAS
BEEN DONE THERE-TBE FUTURE or THE
| ROAD.
| At the annual meeting Of the stockhoId.
ers OF the Richmond. York River and Ches-
apeake Railroad Company held Yesterday
the following was submitted:
RICHMOND, York RIVER AND CHESAPEAKE !
RAILROAD,
PRESIDENTS OFFICE,
RICHMOND, January IA, 1880.
The Board Of Directors respectfully sub.
nit to the stockholders the following report
OF the company's operations for the fiscal
year ending September 30, 1879:
Earnings. s124.033 81
Operating expenses. s....'.......,,.,s... F4,SU2 3
Net balance. nce......................... S49.13l so
Percentage OF expenses 10 gross receipts, 81 2-10
The more detailed and particular inform
alton VIII be found in the reports OF the
superintendent and treasurer, which re-
ports, however, il should be borne in mind,
covering the cOmpany's business only until
SeDtember, do not show the benefits
which the company derived from the large
development OF its business end resources
which have been accomplished during the
past year. but at too late u date to mate
rally affect the years business embraced in
these reports IN September. Much has
been done during the past year toward ac-
complishng the original design in the con-
struction OF your road-viz., the placing
OF Richmond and all the business materially
tributary to this growing city practically at
deep water, and in cheap and easy access to
all ports. both OF our own and foreign coun-
tries. Toward this end some OF the largest
covered wharyes in the southern country
have been constructed at the terminus OF
your road at West Point, and lines OF first
class steamers have been established and
are now in regular operation between the
terminus Of YOUR road at West Point and
Baltimore, New York, Providence, and
Boston-placiHg Richmond, through your
road, in the shortest and quickest commu-
nication possible with every northern city.
There have also been provided at West
Point during the past year, III addition 10
these expensive covered wharves, all the
terminal facilities necessary for the prompt,
economical. and efficient transfer OF ireiGhtS
at that point, such as large platforms, tracks,
sidngs, &c.
In cooperation with the Richmond and
Danville Railroad Company and its connec-
tioDs. YOUR road has established and organ
lied one OF the most important through
freight routes Of the country, known as the
Piedmont Air. Line, extending from every
northern city Uid West Point and Rich
mnnd to Augusta, Atlanta, and every i'm
portant point in the South. The success OF
This line has been most gratifying not only
i'm bringing to the city OF Richmond and
over the roads Of the State large portion
OF the through traffic between the North
and the South. but also by atfordinG facill-
ties not hitherto enjoyed for large
increase and development OF the To-
cal business Of the city-facilitios
which the growing trade OF the city
shows her merchants hive not failed 10 APP
preciate and take advantage II. Whlle the
benefits accruing TO your company were
not realized TO any extent until the end ot
the fiscal wear, the results since nave oeeh
sufficient. even in so short time, 10 JUSTLY
the company in the confident expectation oi
realizing during the current year, ana IN
the future. results commensurate win the
material advantages OF your line OF road,
now that these material advantages are De-
ing developed.
The attention OF the management OF your
road has been so much occupied during the
past wear in the development OF IFS frelght-
ing business as to prevent, up 10 TINS poihI,
any additional development OF It's passen-
ger business. When il is considered that
your road terminates upon one OF the deep
est and most beautiful rivers OF the State
at point which with comparatively mex
pensive preparation could be made to attract
very considerable local summer travel
from Richmond and its vicinity, and that
by YOUR road passengers from Richmond
and the South can be placed in an hour on
| board Of Grst-class steamers for Baltimore.
Philadelphia, New York, Providence, ana
Boston-it is evident that it is pra@tlcaDie
| to organize popular through ana local rouies
of travel over your road, winch shonlo ue-
veope profitable and growing passenger
business.
All of which is submitted by order OF the
Board Of Directors.
THOMAS CLYDE, President.