Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-08-29
BRANCHES UNDER CONSTRUCTION.

| are included Z3L9 miles now unuer CON
struction, the money to pay for when
is provided by the sale OF consolidated
| bonds.
| BRANCHES UNDER CONSTRUCTION.
The company is now engaged in con-
structing several additional branches
| VIZ:
From Hawks Nest, W. Va, to coal-mines,
about four miles.
Along Paint creekto coal-mlnes ana TIM
Der lands about five miles.
An extension up Cabin creek. about nine
miles. to reach extensive gas-coal mines
underan arrangement by which the Chesa-
peake and Ohio operates this branch ana
| the Cabin-Creek railway, nine miles IN
| lenpth. with which the branch connects,
and holds the entire property for the secu-
ritv of it's advances until repaid.
TTp Kinneconnick creek from Stone City.
| ON the Cincinnati division. to stone-quar-
ries. nine miles under an arrangement
with the owners of the stone-quarries by
which they furnish the grading and right
of way.
Tn Craie's creek from Eagle mountain.
on the James-River division, to Newcastle,
in Craig county, a distance OF about twen-
ty-siX miles.
IMPROVEMENTS AND EQUIPMENTS.
OF the 81 100000 Of new consolidated
SIS that we're set aside to pay for improve
ments under the plan of reorganization
the issue of Sl,500,000 was authorized in
the previous fiscal year, and In addition
thereto 81 .100, 900 more were authorized
and sold during the fiscal year Just ended
to nav for equipment. sidings, double
track. the Hawks Nest, Paint-Creek, and
Cabin Creek branches, &c., leaving S2.OOO.-
600 in the treasury for future needs.
June 80. 1889. the company owned I'll
10 fbIrty.cQVpn
comotiyes have been purchased and one
broken up. Ten old light ones, which had
| been been carried on the company's books
for years but were unfit for use. were ex-
| changed for two heavy engines to be built
| and delivered in August, leaving 237 on the
road at the end Of the year, with two to be
| delivered in exchange for the old ones and
| twelve contracted for to be furnished IN
| July, August, and September, so that the
| company will have 251 locomotives. The
| passenger equipment year ago consisted
| of 1873 cars of all kinds. Eight have been
purchased or built, and two broken up.
| The increase of passenger equipment con-
| sists of tour frst-class coaches and two
| narlor-cars. which cost S34 900. OF freight
| ears the company owned 5000 last year,
2O2 of which were destroyed or broken up.
leaving 9.7O7 on the line. Those destroyed
were of the old ten-ton type.
| The equipment btiuE iuouihNiNht INC
| contractors have recently contracted for
| 900 box-cars and 500 coal-cars to cost
| 1880. .O00 With the increase of passenger
| business there is necessity for additional
coaches requiring an expenditure of about
S150.000.
EXTRA CONSTRUCTION.
The principal work done and charged to
| construction during the year other than
| branch lines and double tracks was 81 7-l0
miles of siding (mostlv on the Richmond
and Allegheny division); the Fortress
Monroe extension, one mile, which latter
cost q little over $4,000; the Orleans
street Yards, IN Richmond, completed; also
the Richmond shops; over $4,000 spent
| on the Chfton-Forge yards; S20,OOO on the
Hinton wards: S22,000 on the Upper-Creek
wards. 81, 900 on the Lewis yards: 5000
on Riverview yards; Covington and Now,
port wards, $4,000: Russell yards and
round- house. S44, 600; three ferries across
the Ohio river, 10000: Fourth-street ex-
tension in Cincinnati. $ll1,soi.sl.
EARNINGS AND EXPENSES.
The earnings OF the company for the
| fscal wear ending June 80. $780, compare az
follows with those for the year ending
June so, 1889:
| Miles Gross Net
| Operated. Earnings. Harnings
| 1890. O............gS3 $,ibl,yiy % ti,iOos-S W W
| ioS9............f" o'-s'OVo w 1''-D'o ~
| Increase. $40 81 9 6si.ss2 "a
The interest charges and taxes of the
company during the past year (excIuslve
! of interest on bonds representing uncom-
pleted construction work. amounted 70
about 81, 100000.
The net earnings appear rather disap-
pointing, but they were decreased by three
l.. .lr.L - 4 ?
| accidents, costing. something IKE Sl5'AOOo.
Other than from these accidsnts-one near
the White Sulphur, one at Staunton, and
one near Maysyille-thel loss from casualty
has been light.
THE BUSINESS DONE.
After going into details about the sub.
stitution of heavy rails for light ones and
picturinp the promising indications for the
business Of the line, the report continues
The total tons of traffic handled east.
ward during the year were 2,604.79J; west.
ward. 1.l55, ,77S-a total OF 3.760,bII tons. as
against 5, ,32l, 1888 tons last year. showing al
increase OF 1872 per cent. The number
Of tons of coal shipped TO the seaboard
was 6S2, ,55l--an increase Of t:a3 per cent
over the previous year. Ine re'enus
shows decrease of S.H per cent
The coal shipped over the road, othe.
than to the seaboard, amounted 70 1oz.3Ot
tons; an increase OF 5.5l per cent. oyeI
last year. The average haul increased
69.79 per cent. owing partly TO the open
ing OF the Cincinnati division Ine tota
revenue increased e1.78 por cent.
The freight trains earned an average o.
&i.2o per mile run; the passenger business
OF the company shows an increase IN tnt
number OF passengers hauled, ~ agains
the previous year. Of 90 per cent; IN mule
rye, an Increase OF % per cent. IN nsssssg' ~.
revenue, an increase Of rs per cent.
= revenus per passenger. s' os