Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-01-01
OUR RAILROADS.
THEIR PHYSICAL AND FINANCIAL con-
DlTlON, EXTENSIONS, EARNINGS
EQUIPMENT, DIVIDENDS, AND
DEBT.
The Wonderful Development Of the Coun-
try rs Shown blythe Business Of the
Railroads In 1889 as Com
pared with 1879.

mr.. John skelton Williams. Editor OF tns Man
ual OF Southern Investments Issued Annually
by Williams & Son, Bankers.
An excellent criterion OF the material
prosperity OF a region IS the condition Of
its lines of transportation. Railroads are
the channels of trade--the arteries OF COM
merce. When mercantile business is ac-
tive and prosperous, when manufactures
are running at full capacity, and creating
wealth for distribution far and WIDE, when
new territory is being opened by the set
tier. the railroads, forming the necessary
conduit between the producer and the con-
sumer. prosper. and their business IL pro
p0rtiOnatc with that of the community
which they serve.
From the following comparative state.
ments of the operations OF our railroads
for 1889, as compared with 1879, the growth
of our business interests ~ well Mus
trated.
Six separate railroads enter Richmond,
but these are all embraced in three sys-
tems-tho Chesapeake and OHIO, which
now includes the Richmond and Ale
ghany: the Atlantic-Coast Limo, EN- bracing
the Richmond, fredericksburg and Poto-
mac and the Richmond and Petersburg.
and the Richmond aud Danvllle system.
which absorbs the Richmond, Nork-Riyer
and Chesapeake.
The fiscal years of these roads are now
being changed so a. to end June Jth M
stead of September 30th, rs heretofore, IN
order TO meet the requirements ct the In
terstate Commerce Commission.
Chesapeake and Ohio Railway Company.
The total length Of tho Chesapeake and
Ohio railway, including Rlchmond ana
Allegheny division, Is Jl6 miles, divided ~
follows: ph0ebus 60 richmond, 80;
Richmond 20 Clifton Forge 1913; CLIFTON
Forge 10 Huntington, 22G Huntington 70
Cincinnati, 100: Richmond and Alleghany
division, "a miles. The Richmond and
Allegheny was leased aud virtually amalga-
mated with the Chesapeake and ONO ral-
way May 30. 1882
The Chesapeake end Ohio company is
now controlled by the same parties who
own the Cleveland, Cincinnati. Chicago
and st. Louis railway which extends IRON
Cincinnati 10 Cleveland and Columbus.
Ohio. Chicago and Cairo, H.. and 81.
Louis, Mo. and the two systems are
worked IN close accord.
The following table shows the operations
of the road in 1879. Richmond 10 Hunting
ton, and in 1889, PhWbus 10 Cincinnati,
exclusive of the Richmond and fredericks-
burg DIVISION ,,
Mileage. .-..,..... Boo. ..-,....t,.,.,. u't -
Gr0s3 earn g5........... 1iflf,h-D Sl,Nyi ~
Net earnings yJ,,U3' 1'ii~s
| Tons freight novel ono .....
..... OIL s3<,riO Iu'oo',0o'
Passengers carried one
rfti bN,DAt,-1l t-Al,<ti
"Iss'Pi per m'Ioi'..i. pyf p"'~lS'. .ol;oec. .ons
Receipts per freight ton
per nlil -........ .....,.--... .il'- .vot-fl
Locomotives ...... ...........
afs. ...................-.. Iu'-if ~
Funded debt............. g25,1Ol sg5 ss2lo3,13;
Cauital stock ............... 65.2s5t3 2@iot, ~
Gross earnings of the Chesapeake and
Ohio railway. including Richmond aud Al
| lcrhauv division, for eleven months end
| ing December /, 1882, cJ,j7S,Ol0 same
period 1888. 2i.694.325. The business OF
/ the road for tho last fiscal year embraced
| the transportation of i,iG3 passenger.
and 2.663. $50 tons Of freight, including
| .AO3. .758 tons bituminOus coal. iG3,4sS tons
| coke. 81. .G0l tons ores. and N, ,393 tons lron-
| pig and bloom. Eleven PEI sons were xiii
I'd in accident during the year aud l75 in
jured.
| fredericksburg and Potomac RAILROAD.
The Richmond fredericksburg nad 30
| .onlac railroad is controlled by and Is os
] NeLtlallN u pdlt Ci t4ir tliAIAil -tpi-t I-li'
! sytem. Of which It Is Che northern outlet
| although it is not officially included IL thi.
| 3ys'en.
The State Of Virginia owns the stock anJ
| dividend obligations ot tils company
amounting in value 10 about $500 900, upoI
which it receives REGULAR dividends. Ia,
State has also the right Of elec'ing one dl
rector.
At recent meeting Of stockholders 8
! blanket mortgage was authorized i0I
| -. 500 000 of which enough bonds are 10 be-
! reserved 20 retire the present outstanding
bonded debt. about >7lO.00 and remun
| lug bond disposed OF a money may b,
| needed for building branches or double
| tracking main line. Those bonds Wi
probably be As. 10 ia not thought tina
| There will be- occasion 10 issue many 81
them for several years yet. The company
| had on hand at the close Of the last fisca
year over S20O,O 600 OF casd and cash &C
! counts.
The property of this company is relieved
bv charter from all manner OF tnXrs.
The following figures show the en0rmou
increase Of business on this road sine,
! Fi.cal ea.s.