The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1889-04-11
Railroads in Virginia.

The report of The railroad commissioner
for 1883 is an interesting docum MT. 1t
shows that there are 3 ,259 Al miles Of rail
MIN lines and branches in the State. of
which 80 - miles were constructed during
the year. The number of corporations
operating or owning these lines is So
For nine months of tie year the roads
hanled 1o,4l4937 tons of freight and
5 COS, 1876 passengers earnings from freight
SI2 AL SIS SIS; earnings from passengers,
s. OH PA 10 earnings from other sources,
$433, 900 % ; total earnings, $lS 1919, 767 90 ;
total operating expenses Exclusive of in
terest on debt, &C. Sl2 1853 ,2l5 So.
The net earnings Of the roads for nine
months were as follows:
Alexandria and Washington, five miles. cap
tai stock $780, o. net earnings $6;SSS.67 Bright
hope thirty three miles, capital stock $179 900,
net earnings SS.OGs 81: panviIe and New River.
seventyfve mites capital stock 1868 800, net
earning S5,59}.S7; Norfolk southern, seventy
foui miles, capital stock IL coo 600, net earnings
S3I 7StS6; Norfolk and Ocean View, eight
mills capital stock $50.0aO, net earnings
sSs G5: Norioik and a.. Virginia ~ Beach eighteen
Norfolk and Western. $50 miles capital stock
500 ,OJ0 0oO net earnings SSl5 i72 q; Petersburg.
mond and Allegheny, 256 miles. capital stock
$,0M,tO0. mel earnings S2l OBJ; Richmond and
nanvlle, ~ miles. capita. stock IS 900 geo. net
earnin-s S557,722 49, Richmond. Frekericks-
burg and Potomac, 81 miles, capital stock
s. COL $50, net earnings $!9592G II; Richmond,
Fredericksburg and Potomac connections "
mile. capital stock 100000 net earnings 800
1872 s.; kichmond and Petersburg, 22L miles,
capital s. 900. net earnings $50. 1873 ii; Rich
mond. York and Chesapeake. 40 miles, capital
$5UN0'. net earnings $37 724. OF; South A antic
AMI ONO. 81 miles. capital $3.50 900. net earnings
IN
it4l ,3O2.90D, net earnings $3.50 900 3d. Virginia
Midland, 80 miles. capital $49O0,OOO, net earn
ings S8l,29l.U Winchester and strasburg, 10
miles, capital 5000 900. net earnings $l3 .39O.92.
The companies losing during the year
were the following:
Alexandria and Fredericksburg, 20 miles.
capital 81 900, 0OO loss SsS, 295 IA Atlantic and
Danvilie Gncluding both gauges). l0G miles.
iial ~ 100 500, less S2 563 Is Chesapeake and
| 49, 50; franklin and Pittsy 81 miles cap.
ial SlO00OD. loss Sl9.36l 81 Milton and Souther
| lin, miles. capital s6l $50. loss sl.66 So; Me-
! 81, 57S.2 IS; New York. Philadelphia and Norfolk,
III miles. capital sl.71is75, loss s'5.l32 IS: Po-
capital $i6O 90, loss $6.OOO.0i; Richmond and
Mecklerburg, 81 miles, capital 1857 800, loss
$1,000; strasbnrg Harrisonbnrg, ~ miles. cap,
miles. capital s2,73l $780, loss S. 5O336. Washing
ton, Ohio and Western, So miles, capital 81 So,
| 0G0 loss $22l54.32.
The aggregate of losses is 81 1881 1902 81 );
of net income, 81, 9l1 ,O44 GA the excess of
losses being $70,347.73.
The commissioner says that the finan-
eial condition of the Virginia roads is
gradually improving and that more cor
porations paid dividends during the
past year than ever before in the history
of the State. Other companies, he says.
would be found on the list of profitable
investment, if the water could he squeezed
out of their so called capital stock,