The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1882-12-15
West Point TERMINAL.
ANNUAL MEETING OF The STOCKHOLDERS OF
THIS COMPANY YESTERDAY.


THIS COMPANY YESTERDAY.
The annual meeting Of the stockholders
OF the Richmond and West Point Terminal
Railway and Warehouse Company was
held Yesterday in the Office OF the Richmond
and Danville Company-R. T. Hubard.
Esq, in the chair, and 4. Brooke, ESQ.,.
secretary.
The president, Mr.. W. p. Clyde, submit
ted and read his report. Accompanying
MIR: Ciyde's report was report Of the gem
erai agent, Mr.. William II. Trigg, and the
statement OF the auditor, Mr.. Charles VI.
Crump.
THE PRESIDENTS REPORT.
After calling attention to the report OF
the general agent OF the company and the
statement OF the auditor, the president, in
his report, gives a brief general descrip-
ton OF the various railroad properties
owned and controlled by the Terminal
Company, and in conclusion says:
The gross earnings OF the roads con-
trolled by your company for the months OF
October and November show an increase
OF % per cent, thus realizing to a certain
extent the aniicipations OF fhrgely-increased
business. twill be gratifying 10 the stock
holders 10 learn that during these two
months the net earnings over ordinary
operating expenses have increased over 43
per cent. over the same period OF last wear.
showing that the large expenditures made
in improving the properties during the
year have rendered practicable the hand
ling OF the larger business with greater
economy, thus demonstrating the increased
earning power OF the roads.
(Reports OF the Virginia Midland not re-
ceiyed for November, and therefore not
included.l
GENERAL AGENTS REPORT.
The report Of the general agent shows
the capital stock paid In is az follows
$1,000, 900 less $500, the amount $500
OoO being $4,000 shares, at par, $1,000, coo;
10000 shares az par, 2a.000,000; 100000
shares at S25 per share, $4,000, ,OO0-makiug
10000 shares at average Of $50 per share.
1880, ,00O-par value, slj,000,000.
Thus the capital stock Of the company
consists OF 10000 shares, OF the par value
OF 500 each, and was issued full-paid
stock, a. authorized 10y it, charter as
amended February 81. 1852. OF this the
Richmond and Danyille Railroad Company
owns 1910 shares and other stockholders
1900 shares.
The company has no bonded debt and no
fixed charges, its railroads and properties
being held by ownership either OF all or a
majority OF the capital stocks OF the seyc-
raj companies.
The general agents report gives list Of
the railroad properties owned. controlled,
and operated by the Terminal Company, the
total mileage being 1,j41. The properties
include the Virginia Midland, the Western
North Carolina, the Charlotte. Columbia
and Augusta, the Columbia and Green
Vile, and the Georgia Pacific, $50 miles OF
the latter being in operation.
From the general agents report we also
take the following:
The present financial status OF the COM
pany, as shown by summary from the
auditors statement, j. a. follows:
Cash IN treasury, bills receivable.
stock subscriptions, amounts
due by individuals and pa
nies, and amounts 10 be returned
TO the treasury. either ia cash or
securities. from The construction
companies, when the work un-
dertakCn by them l. conf pleted. : 2.674.eT6 80
Less all Indebtedness. including
bills payable. endorsed bills. biils
redi.couDied. deferred payments
OF .5ss,i6l.12 on purchase Of
Virginia Midland railway.
amounts due individuals and
companies. s...............ss....... l,SIIsoo %
Leaving balance uneXpended....s 7970l2 65
Adding expenditures and Invest
mems rs fOllOw.-yiZ.:
EXpense5..........s 4s,77O 20
wharf property,
compress. Re-. 1892 81
other property,
partial construc-
tion, &C ss,70i Oj
Stocks. bonds and
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