Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-10-22
CHESAPEAKE AND OHIO.
Annual Meeting of Stockholders and Elec-
tion Of Directors Yesterday.

Annual Meeting of Stockholders and Eiec-
tion Of Directors Yesterday.
The stockholders OF the Chesapeake
and Ohio Railway Company held their
annual meeting yesterday at noon in one
of the offices in the Pace Block.
OF the 10000 shares of stock out
standing 700, 9l5 were represented either
in person OF by proxy. There was O
small attendance the session was short,
and only routine business was trans
acted.
Mr.. Henry T. Wickham acted as
chairman and Mr.. @. f. Wexford rs Sec
retary. President ingalls, was not pres
ent.
DIRECTORS AND OFFICERS.
All OF the old directors were reelected
except Mr.. George ). Scott, Of New
York. who is succeeded by Mr.. Decatur
Axtell, of this city.
The board now stands William p.
Anderson, Cincinnati, o.; George T..
Bliss, G. II. Coster, Charles ID. Dickey,
Jr.. and G. p. Huntington, New York
NJ. T.. Ingalls,, Cincinnati, o.. Ex. Nor
ton, Samuel Spencer, and A. J. Thomas,
New York; Henry I. Wickham and
Decatur Axtell, Richmond.
The officers Of the company Will be
chosen by the directors. 1t is under.
stood that there will be no changes
made.
THE YEARS OPERATIONS.
The report of the President and
directors of the company giving full
outline OF the operations for the yeal
ending June 80, 1890, was read and
adopted. This report was published IN
the DISPATCH some three or four months
ago, when advance proofs were first re-
ceived here from New York.
The gross earnings for the year were
97,161, ,9i9.4t OF which S5,3S4, 225. 81
was from freight, Sl,471, 1866 from
passenger travel, S10S, ,97l.57 from mai
contracts, SS9, 1876 from express
500, O23. SO from miscellaneous sources
and S9,064.26 terminal receipts.
The expenses for the year aggregated
s5.455, ,127.30. and were distributed a.
follows Maintenance of way and struc
lures, 1874, $3.50 maintenance o
equipment, 3l,053, ,827.5S; conducting
transportation, 1886, 030.77; genera
expenses, Sl64, 1895 traffic expenses
S1SS, 287.61; terminal, s76,O47.92
bridge, 81, $685..
The net earnings were 81, ,706, ,S22. o.
SOME DETAILS.
The report shows that the total length
OF the railway operated is 93l miles
double track in operation, 32t miles
total length of sidings, 295 miles; tota
length OF all tracks, l,25S4 miles.
During the year thirty-seyen locomo
tives were purchased, which make 23i
on the road. At the close of the fisca
year 0, 707 freight-cars were on the road.
The increase of passenger equipment
consisted Of four frst-class coaches anC
two parlor-cars.
The directors have recently contracted
for 1000 box-cars and 800 coal-cars, tc
cost $3.50, 900, payable in sixty install
ments.
With the increase OF passenger busi
ness there is a great necessity tor addi
tional coaches, requiring an expenditure
of about $3.50, 900. which should be pro
vided for during this year.
A COMPARISON,
The earnings for the company for the
fiscal year ending June 30, 1890, com
pare as follows with those for the yea
ending June 30, 1889:
opeSated. Msies EaTniSsa GlHss Earning, mi
$780,. ..............9y3 s',l6i,9i9 sT sl706,s2e y
| l5o9..................i0 S,sJJ,VJO w i,V<o,VV
Increase.........-...sl,s,I ,s,I,9i9 81 6si,s2s o
The interest charges and taxes Of TIN
company during the past year (exclusiv'
of interest on bonds representing un
completed construction work. amounted
to about 81, 700, 900.
There were three accidents on thu
road which cost the company $50, 900
BIG BUSINESS.
The business of the last year great,
exceeded the expectations of the di
rectors, aud the present outlook i
brighter than at any time IN the histor.
OF the road.
Concluding the directors say:
GAS may be gathered from this repor
a good deal still remains to be done be
fore the property can be operated to th'
best possible advantage, but poin
has now been reached where larg
business can be hauled with safet
aud economy. The sole limit @
its business to-day is the limi
OF the facilities it can afford for handiin
it The work already done has increases
those facilities greatly over what the
were heretofore, and the work now il
progress will further increase them"