The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-11-30
RICHMOND AND PETERSBURG
RAILROAD.
Annual Meeting Of the StocItholders-
The Presidents Rcport-PrOspcrous
Condition of the Election of
Officers.

The annual meeting Of the stockholders
Of the Richmond and Petersburg Railroad
Company was held in the company's Office
in this city yesterday morning. Colonel
Charles Ellis was called TO the chair, and
Mr.. NJ. w. Warrington acted as secretary.
The president OF the company laid be-
fore the meeting his annual report, which
is a. follows:
Presidents Report.
RICHMOND AND PETERSBURG RAILROAD,
RICHMOND, VA, November 80, 1881.
To the Stockholders Of the Richmond and
Petersburg Rdilro ompdny:
On behalf Of the 2 ard Of Directors
submit the following statement Of the busi-
ness Of the company for the fiscal year end
ing September 30, 1881:
1880. 1881.
Gross receipts. ....... s164,19s 2s s1s5,9O5 40
"a and Rd"9 Extraordinary: ' $1,000 1s ss,s7s 20
Net trocclpts.... 79.099 10 s5,926 20
Interest on debit" 1854 40 I6'O99 6s
Net revenue.... s6I,22I 10 sG0,s27 OIL
About $4,000, expended in new equip
ment and permanent betterments, is in
cluded in the above item Of expenses; de-
tails will be found in the report OF the Su-
perintendent.
The old wooden bridge over Swift creek
has been replaced with an iron bridge, OF
the latticc-girder pattern, on five granite
piers OF the heaviest masonry. As the two
smaller bridges on the road are now per-
manent iron structures, il is recommended
that work be begun soon on the James
River bridge, SO as to replace the wooden
superstructure with masonry or iron. IL
will probably be best TO build two or three
spans on the north end OF masonry, because
Of the proximity OF mills and factories, the
burning OF any Of which would destroy
wooden bridge and seriously damage an
iron one.
The property adjoining the freight depot,
known as Anderson's warehouse, l3O feet
front on Canal street. by 162 feet depth on
Eighth street, was purchased by the COM
pany last June, for SlS,000, and was paid
for out Of current revenues. The old build
ings have been cleared off the ground, and
the depot will be extended, greatly increas-
lng the facilities for our heavy freight busi-
ness.
Twenty-Five thousand dollars OF the 8
per cent. bonds. due on the 1st OF April
last, were paid with the ayails OF $4,000
OF the new per cent. gold bonds, sold at
LOG and interest.
The usual semi-annual dividend OF per
cent. has been declared, payable on the lst
Of January next, and the business OF the
company justities the belief that this rate
OF dividend can he continued without in
terfering with the renewal Of ,James-riyer
bridge recommended or the further per-
manent betterment Of the property.
The full reports OF the Treasurer and
Superintendent will explain in detail the
financial condition Of the company and the
physical condition OF the property.
FRED. X. SCOTT, President.
After the reading Of the report Major
Fred. r. Scott was reelected president, and
Messrs. Boiling W. IIaXail, ID. W. Lassiter,
II. X. Ellyson, II. X. Bridgers, and w. L.
Walters. directors.
The following Examining Committee was
appointed for the ensuing year: Messrs.
Charles Ellis, II. +. c. Baskerville, and W.
III. IIaXall.
The meeting then adjourned.