The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1884-03-21

meeting the roads entering that city from
opposite directions, has, after much delay,
ceen completed, so that lt Is at last practi-
caoie 10 run cars OF the samee gauge con-
unuously through from your eastern ter
minus at Fortress Monroe to Memphis,
fcnn., Utd Louisville, distance OF 1,13s
miles.
Inc time may not be far distant when
II VIII be desirable TO construct the west
ern division OF the Elizabethtown, Lex
lngton, and Big Sandy railroad between
Lexington and EliZabethtowD. Our ar
rangements with the Louisville and
Nashville Railroad Company leave the for
mer company at liberty TO construct this
gap whenever it shall be for its interest
and convenience so TO do. The distance
IS about eigbty-fiye miles. but it would
shorten the through route to the South
west fully fifty miles, with an improve
ment in grades over the present route via
La Grange.
The opening OF the railroad between
Memphis and New Orleans, which will be
owned and operated by the Louisville,
New Orleans and Texas Railroad Com
pany, will have an important bearing upon
the construction OF this gap so as 10 eX-
tend your connections to New Orleans and
cid the Southern Pacific system to Texas,
Mexico, and California. But for the re-
yailing high water on the lower Missis-
slppi this would have been accomplished
by the early part OF May next, and may
now be expected TO take place by mid
summer. Memphis, Vicksburg, and New
Orleans will thus be connected by a first
class low-grade, steel-tracked road OF $50
h fal, n
heavy freight trains can be run with great
speed and economy, so as TO fit II TO take
its part in the business between the Ma
tional Capital and the Gulf States. and also
TO participate in the movement OF mer-
chandise between the Atlantic States and
the great fertile regions of Texas, Mexico,
and California.
FINANCIAL CONDITION OF THE COMPANY.
The changes in the condition OF the cap
ital stock, funded and unfunded debts,
since the last report are not important, and
are very fully shown in the Treasurer's re-
port, submitted herewith. With a con-
tinuance Of the policy OF development OF
local enterprises, and increasing economy
of management, they point to a date in the
near future when the company will. in adj
dition to meeting all its obligations in
money as they mature, be able TO accumu-
late a surplus for the further additions TO
the property, or for distribution among
the stockholders, as they may deem most
iudicious.
| should also make acknowledgment Of
our obligations to the subordinate officers
and employees of the company for their
generally faithful discharge OF their duties,
and especially to the heads OF departments
for the increasing efficiency and economy
OF management and operations as exhibited
by the results OF the years work.
c. Z. HUNTINGTON, President.
The following Board of Directors were
elected: G. p. Huntington. A. a. Low, A.
5. Hatch, Elias Higgins, John CaStree,
Isaac f.. Gates, A. L. Orr, Ezra Wheeler,
+. Il. TOurnier (all OF New York;, Will
liams c. Wickham, and and John Echols
OF Virginia.
Adjourned.
The report of Mr.. c. W. Smith, the gen.
eral manager OF the road, is as follows:
The number of miles operated during the year
were jl7; the gross earnings from passengers,
&695.l0513; freight. S3.OSl .032.13; mnls
S324 475.9Si express; gS5 1 e97'26 miscellaneous
Operating expenses: For conducting transport
tation; S961,734.l2 motive power s72i ,s94:72 :;
OF cars. ~ ~. 4 SDs -
of way, s4S4 ,95I.I3; general expenses, sl05,-
626.76-total, s2.553, 3,492.47.
FREIGHT REVENUES.
The total tonnage ofrevenue freight hauled dur
ing the year was ,74S 676, an increase of nearly
23 per cent. as compared with last year about /
per cent. was through freight and IN per cent
was coal: the remainder was local freight. The
number of ftrains run during the wear was A .993
the total number of miles made by such trains
was 2.S47.36l. an increase of 9 per cent. over
that of last year; the total number Of cars ndled
by freight trains during the year was 969,626.
The principal exports from NewpOrts News
during the year were Grain, l97.e7S bu>hels.
for England and France; flour. 1881 barrels,
for Brazil; lard, 1915 packages, for Brazil;
lumber. Is, 1913 tons, for England, scotland, Ger
many, France. Spain, and Portugal; wbiskey,
IL $50 barrels. for Bermuda; cotton 9,O6l bale. !
oil-cdke' 81 l tons; tobacco, 4S hogsheads, for
Liverpool, Eng.
PASSENGER TRAVEL.
The totsl number Of passengers carried during
the year was 572,572, an increase OF Is per cent.
over last year-Of this number. 5l0,1Ot, or 50
per cent, were local passengers, and 62,47l
Theaverage distance each passenger travelled
was Local passengers. 1886 miles through, 2O3
miles.
The total number Of miles run by passenger
trains during The year was Sebastian increase
over the previous year of IL 9-l0 per cent.
MoTIvE-PowER.
The total number of seryiceable engines owned
by this company is l69, classed as follows-yiz. -:
Elght-wheel live e-fOOt drivers, 46; eight-wheel
four-and- half foot drivers, "a moguls. q ten
wheel engines, 46; consolidated. 40; SX-wheel
connected switchng-engines. q : tank sWitchii =
engine, l. - -
First-class passenger-coaches. 81: second
class passenger-coaches, 2: sleepers. 10; bag
gage, mail, and express-cars, 2l; miseela-
neOus passenger-cars, z: 1reight-cars, I'3O4 !;
stock. cars, 2l9; cOsI-cars, 1907; tat-cars, 2l4
An Error in q Law.