The Daily times. [volume] (Richmond, Va.) 1886-1889, 1888-11-20

The large increase IN expenses TINS year
over last was caused by the purchase OF
additional equipment 10 meet the largely
increased traffic Of the road. The road
and property are now in excellent condi.
ton The usual semi-annual dividend OF
81 per cent. mas been declared payable on
The Ist Of January next. The usual re-
ports Of the officers Of the company, sub
mitted herewith, give fun information in
detail Of the business Of the company in
the various Departments.
FRED. Il SCOTT, President.
THE GENERAL MANAGERS REPORT.
The general manager, Mr.. ii. Walters
report says that the gross earnings
amount to $2j4.1G44i, the gross eX-
penses. S16s, ,74SS2; per centage Of oper-
ating expenses to gross receipts, 66 40
per cent, an increase OF 80.
The increase in conducting transporta-
ton is due principally TO the increased
expenses Of handling the large increase
of business at Richmond and Petersburg
Wages were increased $1,000
Increase in maintenance Of cars Is ac-
counted for by the increase Of new equip
ment $l1 900, and $4,000 In mileages
paid out on account of the increased
freight business.
An increase of motive power Is also
shown. due to the large increase OF busi-
ness, s., 200 more paid 10 engineers ana
firemen, $4,000 for fuel, $4,000 for re-
pairs TO locomotives ard the same
amount on account of the purchase Of a
new locomotive.
THE THROUGH BUSINESS
for the wear shows very large increase,
due largely 10 the opening of the Allan
tic Coast Dispatch Line and the Rich
mond business received from the Norfolk
q Western. The local business has not
shown anv material increase, but slight
decrease in local freight and an increase
of five and six-tenths per cent. in re-
ceipts from local passengers. Leaving out
mail, baggage and express for the year,
the local business represents forty per
cent. of the total revenue.
Our facilities at Richmond and at
Petersburg, says the report, are made
uuste for the business we have 10 handle
and has lead to the development of yard
in Manchester, already begun. This was
rendered necessary by continual block
ade Of loaded cars for delivery in Rich
mOnd Plans have also been iDauguraied
for relief at Petersburg. 4 building at
Chester will be erected during the com
ing wear. \ heavy shifting engine for
the Richmond yard is necessity.
GENERAL sUPERINTENDENT's REPORT.
The General Superintendent, Major +
T. d. Myers, in his report says There
has been an increase Of expenses OF $40
373.57. First I'm conducting transporta-
iioa. Sg13iS4: sos % is apparent only
and caused by change in the classified
ton of accounts; the remainder by the
cost Of handling heavy business. Sec
ond. In maintenance OF cars, SO ,9v9.l4;
Sll.192 l6 for new equipment, s123 FOR
Pullman cars, S2,020 for car mileage,
80. .S93 ~ for repairs TO cars Third {:
Motive power, 81 ,96s.75; S3,1l5 increase
of payment OF wages for engineers and
firemen, quarter mileage OF engines 81
4s35l for fuel and in other general ex-
penses.
The business of the company has de-
veloped LARGELY. The volume OF passen-
ger transportation is l4.7 per cent.
greater. and that OF freight movement
"A 4 per cent. greater than the preceding
twelve months.
The revenue from passenger business
is 1874 per cent, and that from freight
business Is 5 per cent. more than Tor The
preceding period. 49,.
In performing this additional work the
revenues have Increased GO per cent.
train mileage. The gross revenue IL :
per cent increase, expenses 3l.4 per
cent. increase, and net revenue l24 de-
crease. 1t is proper to say that Sill
1912 Oh was spent for new cars and that
none were purchased the year before.
The report says further that the condl-
ton of the road is good, but should be
more heavily ballasted
The ward room at Richmond is iIsuiii d.
cjent. and more storage tracks are needed
as well as at Petersburg.
SUPERINTENDENT II. NJ. suLLYs REPORT
speaks of the addition TO the number OF