Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1885-11-19

Leaves q net profit Of. slO6,356 90
On December G. 1854. under the de-
cree Of coart mentioned in last annua
report, there were issued to guaranteed
stockholders dividend obligations to the
amount Of S43.33O, and the sum o.
3,CG4.G7 paid to them as dividends
thereon. In other respects the condi.
ton Of the contest between guaranteed
and common stockholders, as to the IS
sue Of dividend obligations. remains
substantially the same as at last report.
The Board earnestly recommends that
the two classes of stockholders settle
their difficulty as speedily as possible.
either amicably or by forcing to a con
cluSion the litigation commenced. The
Board has deemed the termination OF
this litigation so desirable that it has
offered to pay a counsel fee upon each
side Of the case to bring the matter to
conclusion
7 he bonds Of the company mentioned
in last report as coming due July l.,
1855. wCIe upon that date extended for
sixteen Years at per cent. interest.
Messrs. W. T. Walters and b. f..
Newcomer, Of Baltimore, having be-
come the purchasers Of about two ffths
&C the capital stock Of the company. it
was thought proper to invite them to
become members Of the Board: and on
May p. loNj, MeSsrS. BiIdle and
Blackburn rendered their rc-ignarlns.
and the remaining member, Of the Board
elected Ness Walters and Newcomer
TO i!l the vacancies.
The accommodations for passengers
at Eich:h-aad-Byrd-Strect station have
been altogether inadequate and unsuita-
ble for many years past. bat the dill
Guilty Of obtaining ground suitable for
the erection of a proper passenger sta
ton could not be surmounted until the
STATE authorized the sale Of the square
bounded by Byrd. Canal, seventh. AID
Eighth streets. which it did at the last
session Of the Legislature. At the sale
Of this property, in March last, it was
purchased for the sum Of $4,000
Jointly by your company and tac Rich
mona and Petersburg Railroad Com
any. Upon it the two companies are
ow erecting a suitable passenger sta
on.
For details as to the condition Of
our property, the business Of the COM
any, and Its financial condition, YOU
ale respectfully referred to the append
cd reports Of the Examining Commit
tee, of the general superintendent, anl
Of the treasurer, all Of which are here
with submitted.
j. p. BRINTON, President.
GENERAL sUPERINTENDENT's RI
PORT.
Mr.. +. T. d. Myers, general super
intendent Of the road. made the follow
ing report:
RICHMOND, VA, October /, l,Sj.
To the PreSi9eH and Board of Di-
rectOrs.
Gentlemen,-The gross revenue for
the year just ended was $l7I.9l2.S9,
being S207.j1 more than the preceding
year. The receipts from through
travel show an increase of 90, 9,llO.GS-
nearly per cent. those from through
freights, local freightS. and express
fIeights, decrease Of p, 10, and :
per cent, respectively. The current
expenses, exclusive Of new equipment.
&c, items heretofore charged to cost of
road and property, have diminished
$9,20j.95.
The expenses, mclusire of those
items, are 1915 per cent. of gross reye-
ru,-a moderate proportion in view Of
the low rates for transportation.
The average receipt per passenger and
per ton per mile was 81 cents for the
ioImer and SO cents for the latter.
Tie following figures embrace
period Of six fiscal years ending with
September 80, 1855. They give a cor
rect idea Of the condition and progress
Of the trailic;