The times. [volume] (Richmond, Va.) 1890-1903, 1890-11-20
THE r. +. AND P, RAILROAD
A NJ NUAL MEETiNG OF tn (
STOCKHOLDERS

The Officers Rc-elocted-Report OF Presi-
dent Il. r. ID. Myers on tho Condition OF
the Road - Improvements Contem-
plated.
The annual stockholders meeting Of the
Richmond, Fredericksburg and Potomac
Railroad Company was held yesterday at
the Office of the company. Those present
were Major j.. ID. Myers, Colonel Charles
Ellis, Major James II. Dooley, DIR. John
r. Baylor, Messrs. f. Y. Cannon, Barton
Haxall, Triplett Haxall, and Moncure
Robinson, Jr., State proxies; Major j.
III. Kelley, Colonel ii. L. Jones, Captain
Jack Hudgins, ard Mr.. George A. Haynes.
Mr.. T.. Y. Cannon was made chairman,
and Mr.. j. B. Winston secretary.
The report Of President +. T. ID. Meyers
was presented and approved.
THE EARNINGS.
IL showed that the gross revenue amounted
10 s7O961391; operating expenses, $40
2fi.22 or G2.OI per cent; net, 1868 .36909, or
81 .80 per cent 49,
Revenue from passenger trains was si05.-
725 25-an increase Of s3f,3l4, or 9-23 per
cent. 400
Revenue from freight trains was $685.
O67.19- an increase of s32,2s64s, or ll.9 PEE
cent. ,., 4, ,
per cent coupon bonds OF 81 900 each, inter-
est payable April LIST and October LIST, matur-
ing Ina the year 1910. Ihey thousht ~ pro-
per. In consideration OF The nen OF outeianu-
ing guaranteed stock 10 limit the total OF
such bonds TO $1,000, 900. being 100000 less
than authorized by you. This guaranteed
stock amounts TO S50D,4OO, none OF Wnlch
can be paid on nor, on the other hand, Dy
.gVIffa m
issued. 49,
rive hundred Of the new bonds have been
disposed Of at 96 per cant. net 10 the COM
pany: the remaining fifteen hundred being IN
the keeping Of the trustee, the Central Trust
Company, OF New York, unsigned.
OF the proceeds Of the Aforementioned
sale (S4SO .OOO) we have used upon the James
River branch $40 GO7.02 and in the purchase
of real estate In and near Richmond
s3,4Os 10. leaving on deposit at Interest SZdo'-
0S4 d.
pany is now: IA per cents, $500 900; . per
CENTS. e2l1 3i913: q per cents. 500 so;
: per cents, sl1O,2O2; s per cents, SOO'OOo'
Total, 81 ,l00,97l.23 ,
The capital row amounts to s2,72S $50, In
Guiding $3.50 dividend scrip.
The proper ty is row In good order. ABOUT
40 tons steel rails Of 81 pounds per yaid
have replaced 50-pOund rails. and there are
now only two wooden truss bridges.
A neat statiOn-house has been butt AT ASH
| land and TO the equipment three engines anu
| twelve fiat cars have been added
The Board. anticipating the need Tor more
| terminal facilities, have purchased ground
near Richmond and elsewhere, as lollows
From H. BOschen. lot near BOultOn, sll,-
| csc 80; from Wcst-End Land company, We
| O31. Is; from heirs Of RoSenbaum, Sl1,o1o. 10;
small lots at negotiations, S313.2O. Iotal'
| SOL ,63l.95 --
The amount received from the sale OF the
company's los on Broad street, near Eighth,
and Of suudry lots in Ashland, viz: s67'-
| s736s was used In the purchase above men
| toned
The reli inc is being pushed rapidly for
ward and Will be ready for use this year.
| The following is the cost OF the line:
Construction...... ............... 1857, G06 II
Land damages. ................. S2,91O 50