The times. [volume] (Richmond, Va.) 1890-1903, 1890-12-10
RAILROAD STOCKHOLDERS.


Annual Meeting. and Elections OF Of
ncsrs Tho Gouias in Roth Boards Of
Directors - Reports Submitted - Condi-
tion Of the Lines.
The regular annual meeting OF the stock
holders OF the Richmond and West Point
Terminal Railway and Warehouse Com
psny was held at its Office In Richmond
yesterday.
General r. NJ. Logan, yice-prcsident OF
the company, and Edward Lau,erbach,
general counsel, held proxies representing
$4,000 shares Of stock.
The following ticket was voted for by
them, and the same was unanimously
elected: John II. lnman president; and as
directors. Messrs. 4. NJ. Logan, Calvin ;.
Rr,ce. G. NJ. McGhee, II. Il. Plant, Pat Cal
houn- simon Wormser, John II. Hall, J0hn
n Calhoun. John A. Rutherford, John u.
Moore. samuel Thomas, James Swami, Jay
(;ould, George j. Gould, Sidney Dillon,
Abram 5. Hewitt, X. I. Wilson, and D.. o.
haben. ~
tnman. was read by Mr.. Lauterbach. IL
Allowed the position OF the company TO be
stropger than at any previous period OF MS
history. That IL is entirely Tree from all
noating Indebtedness, and has a cash sur
nlus in the bank Of 1926, 1927, besides
moneys loaned on demand amounting TO
xslS. 099.5O. There are free and unpiedged
securities in it, treasury OF the market
value Of 100000.
CONTROLLING INTEREST.
During the year the Terminal Company
has acquired through the Richmond ana
Danyille Railroad Company controlling
;nserest In the Alabama Great Southern
railroad. and the lease Of the Cincinnati
Southern railroad and through the East
Tennessee, Virginia and Georgia Railway
Company, the control Of the Louisville
Southern railroad.
The report refers also to the important
alliance with the Missouri Pacific Railway
system on the Mississippi river at Memphis
and Arkansas City.
Attention is called 10 the fact that no in
crease OF the capital stock Of the company
can hereafter be made except by direction
of the stockholders themselves.
FOR IMPROVEMENTS.
Iarge expenditures have been made for
improvements, and the outlook for all the
IMPORTANT Southern railroad lines was never
more favorable than at present, owing In
great part TO the steady development OF the
resources OF the country through which its
line travels, aud the material Increased
prosperity OF the several states.
The treasurer's report confirms the presi-
dents statement, and estimates the net IN
come for the coming year over and above
charges and dividends on preferred STOCK at
S30S, 900.
The average increase Of gross earnings Of
the Richmond and Danyille for the last iis-
cal wear ending June 3Oth was $246 per
mile aegregating 81. 56S, 800; Of the East
Tennessee, Virginia and Georgia railway,
1860 per mile, aggregating S2,SO4,9o2 the
Central Railroad and Banking Company OF
Georgia, S44s per mile, aggregating $l,39O'-
33O making total increase of gross earn
ings for those systems OF S5,16i, liz.
Richmond and DanvilIe.
Subsequent 10 the meeting of the Terminal
Company the stockholders meeting OF the
Richmond and Danville Railroad Company
was held. The stock, nearly the whole OF
which is held by the Terminal Company,
was voted on by Messrs. Logan and Lauter-
bach for the following ticket: John ii.
Inman. president. Directors: Messrs.
Samuel Thomas, Calvin 5. Brice, John q.
Moore. John G. Calhoun, John A. Ruther-
ford. l.. NJ. McGhee, John ii. Hall, John
s. barbour, Samuel NJ. Inman, George j.
Gould, James b. Pace, w. G.. Oakman
PRESIDENTS hf1Ohis
The report of the president, Mr.. John ii.
Inman, called attention 10 the fact OF
large increase In gross earnings, and also
i'm net earnings, the increase in the former
being over one and hall millions, and in
the latter over four hundred thousand dol
lars, and to the unusual prosperity prevail
ing in the mineral. agricultural, and manu-
featuring industries throughout that por-
ton OF the South traversed by the Richmond
and Danyille system.
Mr.. Lauterbach presented for ratification
a trackage arrangement between the Chesa-
peake and Ohio and this company for the
use of the Virginia Midland tracks, which
was directed to be executed.
He also stated that the leasing of the Nir-
ginia road from Gordonsyille to Washing
ION by the Chesapeake and Ohio meant for
the two roads that harmony, which will re-
suit in their natural good and benefit, and
that the interest of Mr.. Jay Gould in the
Terminal properties would do much TO In
crease the business of the East Tennessee,
Virginia and Georgia and the Georgia
Pacific railroads.