Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1891-11-20
a Good Showing.
THE VALLEY RAILROAD HAS THE BEST

THE VALLEY RAILROAD HAS THE BEST
REPORT FOR THE LAST FOUR YEARS.
The stockholders of the Valley Railroad
, Company assembled in annual meeting at
the office of Bumgardner u Bumgardner on
New street last Monday at noon. There were
present Messrs. Henry Duvall and Osman
Latrobe Of Baltimore, Maj. A. Fl. Johnston
Of the b. & o. Ry., Col. W. A. Anderson OF
Lexington, MI. Robt. W.. Burke of Staun-
ton, MI. F. A. Houston of Rockbridge. AS
Mr.. w. A. Burke of Staunton, stockhol-
der who has been presiding over the meet
ings for years, was not present, Col. An
derson said the meeting would not look like
a stockholders meeting with him absent,
and messenger was dispatched to hunt
him up. AS he could not be found, the
meeting was organized with Col Anderson
Chairman, and Mr.. G. III. Butcher acting
as Secretary.
The Goth annual report of the President
| gave the business of the road for the year
| as follows:
/ LARGE INCREASE IN NET EARNINGS.
Gross earnings from traffic-$159, 1905
being an increase of 1924, O4.39 over 1890.
The expenses were SILT ,234.23, being an
increase of $5,Ss421 over 1890. The net
earnings were $40, 1852, being all increase
Of S18, 820.18 over 1850.
The mileage run by the passenger trains
was 1905 miles, being an increase of
%, 1888 miles over 1890. The mileage run
| INV 1air rbt ,oi in
crease Of 1902 miles over 1890.
The Indebtedness of the company is as
follows-First mortgage bonds, authorized
issue, 81 900, 600; in Treasury of the COM
pany $3.50, 900; outstanding $780, 200. The
sum of $500 of Rockbridge bonds and all
OF the Botetourt county bonds have been
sold. The interest on the Roekbridge
county bonds is paid regularly.
| INCREASE IN ITS FREIGHT BUSINESS.
The following are the freight statistics
for the year-keceived from the Baltimore
s. Ohio road at Harrisonburg, 59.S13 tons,
being an increase Of II. 6R tons, over 1890.
Delivered to the Baltimore & Ohio at Har-
risonburg, SO ,18S tons, being an increase Of
| SO, 400 tons over 1890.
Received from the Chesapeake Il Ohio
road at Staunton, g., 26s tons, being an in
crease of 81, 112 over 1890. Delivered to the
Chesapeake & Ohio at Staunton, 2S,636
tons, being an increase Of 5,S1S tons over
1890.
| Received from the Richmond & Allegha-
ny road at East Lexington, $3.50 tons, be-
ing an increase of 942 tons over 1890. De-
livered to Richmond & Allegheny road at
East Lexington, %. 800 tons. being 1,1O5
tons less than for 1890.
The passenger revenue of the year shows
marked increase over 1890, due in part to
the travel in connection with the unwilling
OF the Jackson monument at Lexington
and to a greater attendance at the Staun
ton fair.
| IMPROVEMENT OF THE ROAD.
The tracks and other properties of the
company have been maintained and i'm
proved during the year; 81 miles of track
have been ballasted;7 70 tons of steel rail
beed laid and 20, 500 cross ties used in re-
pairs. Bridges have been repaired and
strengthened and one $50 feet long, been
rebuilt. A depot has been built at Harri-
sonburg.
There has been charged to the Right Of
Way account $997.86, mainly for the pur
chase of the Johnston property near Lex
ington. The same account is credited with
So, 63s.50 from the sale Of part of the old
Augusta Fair grounds and also for part of
the Ayers and Burt property.
The Chairman expressed the greatest
pleasure at the report which, he said, showed
an increase of SO per cent. in the business
of the road, and the net revenue was now
very neal meeting the annual fixed charges
and taxes. A depot costing from So 900 to
$4,000 and belonging to the company. had
been built at Harrisonburg, the rent of
which would be an item hereafter in the
revenue. The per centage of expenses
which had been S4per cent. had he said,
now been reduced to "A per cent, but still,
in it's relations to the receipts was above
the proportion which obtained in other
roads. If the present increase of receipts
is kept up. he thought it would not be long
before the Valley Railroad was dividend
paying road.
ELECTION OF OFFICERS.
The following officers and directors were
elected for the ensuing Year-Charles T.
Mayer, President; w. H. Ijams, Secretary
and Treasurer. Directors-J. J. Allen of
Botetourt; w. A. Anderson of Rockbridge:
r. w. Burke Of Staunton; Henry Duvall
of Baltimore; Osman Latrobe of Baltimore;
H. Crawford Black of Baltimore, in place
of Decatur Miller, deceased, and Chas. F.
Mayer The stockholders resolved to hold
the next annual meeting in Lexington.
The report of the company shows bust
ness greatly in excess of any done in the last
four years, and the stockholders expressed
much qualification at it.
The meeting then adjourned.
| The Courts
/ Circuit Court-Judge Mclaughlin pre-
siding. Harrisonburg Land & Improve
ment Co. u.s. Geo. G. Jordan. This was a