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

4
[The last named have been reduced by
payments about S200,000l: against which
Indebtedness is to he credited cash invest.
ments held by the Richmond and Danvile
Railroad Company in stocks and bonds OF
the Richmond and West Point Terminal
Railway and Warehouse Company, the
Richmond, York River and Chesapeake
Railroad Company. the Northwestern
North Carolina Railroad Company, and
others, and accumulated balances in the
hands of trustees under traffic contracts
with branch and connecting lines Of roads,
representing in valuable properties, &c.
4S,01S.13.
As seen in the statement above, the EN-
tire net revenue Of the company for the
year, over all interest and rentals, was
S112, 556.1S, the interest so debited includ-
ing one years interest on the debentures.
as we'll as all other obligations Of the COM
pany. The annual interest on the deben-
lures outstanding amounts to 1855, l40, to
which add the above balance of S112,5 IS,
and we have an aggregate OF $780, ,1S.
As already seen, the amounts expended for
the year in new property were: For the
Richmond and Danville road. S226, 901. Sc
in betterments of the Atlanta and Char
lotte Airline road. S246. 13913: and in
betterments OF the Richmond, York River
and Chesapeake road, S4,S63.5S; making
an aggregate expended for new property
during the year of S477,904.57, or $780,
764.51 more than the full interest for one
year on the debentures.
The connected roads of this system are
prominently the Virginia Midland railway,
the Western North Carolina, the Charlotte,
Columbia and Augusta, the Columbia and
Greenville, the Spartanburg and Union
railroads, and the Georgia Pacific railway.
The Georgia Pacific railway has been
fully completed and equipped, and Is now
in successful operation from Atlanta to
Birmingham, 1G7 miles, and thence 10
miles TO Coalburg, in the midst Of the de-
veloped coal properties Of the Black War
rior field-a district OF unlimited wealth
In minerals. The road Is rapidly develop
ing varied and increasing traffic, and al
ready opens several additional and valuable
connections with the Southwest not hither-
to enjoyed.
The Western or Columbus division has
also be. completed and put into operation
froE; Columbus, Miss, to the developed
mines In the westerly portion OF the same
coal measures.
The work OF construction and improve
ment on the Western North Caroline road
has been Continued in such manner as the
situation seemed to require and Justify.
It's traffic has increased over SIS per cent.
during the year, and its Importance and
future value as property and as part OF
this system Is coming to be duly recog-
niZed.
Under arrangements effected through
the Richmond and West Point Terminal
Railway and Warehouse Company the COM
pletIon Of the Richmond and Mecklenburg
railroad from Keysville, on the Richmond
and Danville road, to GAINESVILLE, Va,
thirty-one miles, has been finally secured.
Only few miles now under work remain
to be finished. It's opening business pro-
misses well for the section OF country ac-
commodated by 1t, and indicates q good
prospective value as branch connection
OF the main line.
Richmond, Fredericksburg and POto.
mac Railroad Company.
j. p. Brinton. president; 4. L. ID. Myers,
general superintendent; c. 4. TAYLOR,
general ticket agent; j. B. Wins ton, treas
urer.
The following is a report OF the CON-
pany's operations for the fiscal year ending
September 30, 1888: !
Receipts nom transportation..."..s4 4s,ls1 IS
Receipts rom reuts................... $500 Al
Gross :.venue recommendations SO
Expenses or transp0rtation........ 276.l79 90
Net revenue. .s195.40l 20
Deducting interest ON
bonds and loans. .467,349 80
And dividends on guar
- 92,1S4 so
Leaves net profit for the year. ..sl02,2l6 80
Which exceeds last year S25,37G.65.
In comparison with the previous year the
gains were:
On through travel...s s,95s OF, or s3 per cent
On local trayel....... 7,1U0 23, or az per cent.
On through freight. 1912 81. or l5,s per cent.
On local fseighf..... 3,623 81. or sS per cent. |
There was reduction Of nearly 9 per
.ent. In express freight.
The sslrsnt expenses were issls,s8i'