The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1885-11-19

sci, Messrs. Shelley & Bumgardner, on
Monday last Judge Patton, of Rock
/ bridge, was called to the chair, and Mr..
lA. Gordon Jones, Secretary of the Com
lpany, was appointed secretary Of the meet
| ing.
The committee on proxies reported q
/ large majority Of the stock represented,
the following proxies being present, VIZ
| Baltimore City, MI. VIM. Read; B. & Q.
Railroad, Mr.. Henry Duyal; Rochbridge,
Mr.. !. a. Gibson; Lexington. Col. w. A.
i Anderson aud Mr.. J. A. Blume; stanton.
Messrs. T. e. Elder, 6. G. Gooch and r.
w. Burke. Besides there We're number
of individual stockholders.
PRESIDENT S REPORT.
| The annual report Of the President was
read as follows:
Fourteenth A,snuaI Report Of the President
! ana Directors to the Stockholders Of the
Valley Il. II. Co..
/ Gentlemen The President and Direc-
tors submit the following report of the
operations of the Company for the fiscal
year ended Sept. 80, 1885:
~ = A'es =, ZOO, 90
,asz 70
go ~ $50, ,oo, : ,noraaso
a,,o an ~ 90 10 -
Gross earnings slsso5zo si-eq ao y o2,1
EApeuses 49,. 80 $780, 9 -.------
Net earnings. s5i,ea57a ssl837.02 s82s Il
i coan9s b f5am e.iel-Sl
t Faeia aa rfs stf ssr le,l5l
Total net ineome sfo.42l.Si
j;,n9e,f indebtedness of the Company:
-. ,o.,s, a,,tbor;gel iss,,a II oaa OlD 0a
-, :. ~ go 10000
Outstanding .--..,.,,..,,.'.,s5 t9V'770V W
Interest on same at per cent rer
annuln .,,....-..'' 1Veeoo
Net income as above-..,.. ....- <542lSi
Exc IS after meeting fixed chsrses.... 42i.sl
,rtn h,na statement for tie year is filed
5or.. mi sns,rt,sd !. p !,
I'M, ~ sl,ows The comparative
s.,,; 1yorlling ex.,enses Tor The tis
III ,.,.-. .,s c,,n,narrd with the year pre-
| ,,9..,
80 .l...,aa.a Ia tho local aad through
trs1lic il accounted FOR Nv The
mol in tha carly mart IF the wear of
-, Unit aynrass trains hus the loss in
r..,.,,,,e il nlnre than COMPENSATED for hy
! ,t., ,,a.,et;an IN aynaIs4s for passenger
w :. ,.;ce ,7hich shows :. decrease Of ~
| ',.'.',. -
~, 49,, ,oo,, o,lo sl;oht increase in
AZ 10. = frsin9t. business notwithstand-
~ i..,ai97a IF Two aslditional stations
nc ~. H., lna Il tha cnntinued d.
eife 90 y =, ~ ~ ns,,a,;afl,, i, tba
piSSsioh ~ lrn,,,rht
'ss - s'ee paeip 81, iaferior
'iia NE eohseqaehh s.''e1i 81" 80 -
CROPS, .;s.s;s.,.
lhtfe i.as peen q slsieli NY '''i easo ~
through ifeight business anu uss ioi eh a
deinpr9liz ltion ID through rates Wnich
mas pFsNtieo LOT ee tsatei poiet,i' " .lis
year tbe iefehtie 1luiii l'ilS so''se9 "ouia
nave Geei in'icii IA ,,,,.
during the year thp ilalh - ~ ,i nase
~ ''it'
al through traiili;; ne rates ni' gram ana
pfoFisis'ils iIUh oiiss5o anu O0'iei
cttles y southelil az
creased Win we Thin i,ltle i'tss .y' une
seapoaia ana llle ousliess oyel eiie any
halifoaa ron western foilies 70 Slie hleil-
mono ava Ailegiifiilf all,' ies souIliels euil
iiectl9i.s consists almost enliIesy u Inls
CLASS OF tfaliic. ~ ii;ss. tneielo!e, ueeh
necessary 10 perform tilis seisice ~ lnany
! Gu Is ~ even iess liiail GOV, 81 ~ oioei W
prevent diversion u elie elaliio W osliei
HES ana tlie possipiilts u les pciilaieiio
loss; :,
Inc recent restoration OF haIiholiy pc
tween tile trunk Ines, ailu TIE lesudetlg
llic!tse ~! IaIes wiz ssoe' " Sle
Iessilae ol your company ~ eilio ooiiheo
tio o.. - 4,
hefe Was, curing q puition y ciie y ~,
leii'e - ~ ,.'
Nilipi :. ,si.u elie eoa e 81,
81. nd tbo tl,,nae,a
" III ls
AZ vat INT littla ore l,as baan nooved
fra,a faaoIlo,- af tbo Ia,,as r;no,. 10 ioitts
hnr,b and he a,l;oini,,1r ron districfs Of
I,au b,,t + z; a,ed hot tho
o,a,,ier -, ~ his ora fad ,yiI, ,ot No
n reli,1 ion n deferred liza fevelonuent Of
which viii odd araati1 w t9a ren1nanz,s
r .,rtu, q - ''N'N' N's'
Exh;b;t q n. e,oxpc IL data;1 tho ex.
nond;tnras IN ooon,,nt af concentration on
tha Tayingtons vteneion sinca tha rasnmn-
hon If worh IN ase1 to date the tnt
amonnt heino e7o1 sss % which il e171
go e. Ices SHE t,5 W the Of the angin
GERS inclnSing cost OF rieht-of-way.
Since the CLOSING Of the Old ConstTue-
finn A ecount with the Raltimore and Ohio
n r 10 If bas heen found necessary Ia
make certain hafterments in the copsfrua-
ton of additional station buildings ana
sidings. aud in the permanent improve
nent Of the road bed.
To nrayide for snch expenditures loans
have been secured from the Baltimore and
Ohio Il. II. Co., from time to time, the ag
gregate amount at the close of this year
being $$3i Sill. as shown In statement
Sc herewith. This account will be grad
ually liquidated by the sale Of County
bonds now in the treasury of the company
This method of providing for betterments
absolutely required has been preferred to
that of placing, at less than par the mort
gage bonds of the Company as the County
bonds en- hand readily command par and
accrued interest.
AT IlmDer Ridge a neat and suitable
station building has been erected. and an
additional side track laid.
Thirteen thousand one hundred and
fourteen cubic yards OF stone ballast have
been put into the main track during the
year.
At Lexington frame engine house,
with capacity for two engines has been
built.
A board fence along Greenville Ave,
otaulIoh, 900 Ieeb IN lehgth-o Ieet hlgh'
laS oeell eIeclee ~, ~ accoiutnce VIII Tue
requirements OF the ClUy council.