Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1889-11-20
THE VALLEY RAILROAD.

EIeHTsENTH ANNUAL MEETING oFTHE STOCK
HoLDEes ANNUAL REPORT ELECTION OF
oFFICERS. &C.
| The eighteenth annual meeting of me stocR
holders of the Valley Railroad held at the
| office of j. and J. l.. Bumgardner in the city
on the 18th instant. On motion of VIM A.
Anderson, Esq, of Lexington, Mr.. VIM. A.
Burke, OF stanton, was call ed to preside and
! MIR F. q. Strother Secretary of the Board I
Directors. appointed Secretary of the meeting,
| Messrs. W. A. Anderson and ]. Bumgardner
were appointed a committee to ascertain the
amount of stock represented. Their report
showed much more than majority OF the
stock holders were present in person and by
proxy. Mr.. J. T. Odell represented the Balti-
more and Ohio Railroad Company, Mr.. Henry
| Duval, the city of Baltimore, and Mr.. w. A
Anderson, the town of Lexington.
| The proceedings of the previous annual meet
ng were read and approved,
The report of the President and Board OF d.
rectors was read and placed in the hands OF
committee OF Messrs. Odell, Anderson and
Bumgardner, who reported the correctness OF
the same, which was agreed to
From the report, the following Information
is compiled of the operations of the company
for the year ended sOth of september, 1889, with
comparisons.
The length of the road operated between
Harrisonburg and Lexington il 81 miles.
The gross earrings for the year, were from
traffic SIG 400. 4S, and from other sources ST.
I3S. 46. Theincrease of traffic over the previous
year was 81 12O 49, and other sources s.. 57S. 81.
The total expenses were for the year ended
3Oth September 1889, sSS 5.0i against s9O,Ol5S0
the previous year and the Increase of nett earn
ings to 1889 over 1883 was 81, l44Tl.
The bonded Indebtedness is first mortgage
of 81 100000 less two hundred and fifty thou
sand dollars of the bonds in the Treasury.
The interest of S23 500 on Rockbridge, and
$4,000 on Botetourt county bonds was received.
The amount of freight received from The
B. & o. Railroad at Harrisonburg was 45,SN
tons, an increase of T. 5l4 tons over the previous
year. The amount delivered to the B. & o. at
the same place was Sl.777 tons, decrease of
727I tons, chiefly from live stock. as against
the previous year.
For the year ended S0th Sept. 1889, there were
delivered to the esapeake & Ohio Railroad
at Staunton Is 67 tons of freight. an increase
OF S,210 tons. Received from the Chesapeake &
Ohio fer the same time II ST. tons, decrease o.
47Os as compared with the previous year.
chiefly Of livestock.
For the same time there were delivered to
the Richmond & Allegheny Railroad at East
Lexington, 26, l29 TONS an increase of Lbs tons
over the preceding year, and received from the
same line during the same time 1852 IONS,
decrease of 716 tons.
The rails between Barrisonburg and Staun-
ton were represented as mnch worn. 1t was
recommended that five miles of second class
steel rails be laid that part Of the line. 90
coo cross ties will be required,
mfr Charles F. Meyer was reelected presi-
dent, and Mr.. W, q. Ijams, secretary and trea-
eure- of the company. The cid Board of Direc-
tors as follows, were reelected: Messrs Henry
Duval, Osman Latrobe Charles F. Meyer, and
Decatur Il. Miller, OF Baltimore. and r. ".
Burke, Of stanton. ". A. Anderson of Lex
ingtou, and ]. j. Allen. of B1tetourt. The Of
hcers of the road were complimented for faith
an yarNica