Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-11-22
THE YEARS EXHIBIT.
MEETINGS or TIE PETERSBURG AND
RICHMOND & PETERSBURG ROADS.
ofaeers' Reports Show Roth Corporations
TO he In Excellent copdition~ofiicers
Elected and Other business

Tue annual meeting Of tle stockholders Of the
Petersburg Railroad Company was held at the
Byrd-Siroet station yesterday morning a, IL
O'CLOCK. Mr. H. n. Mnntord presided, and S.l67
shares we're represented In person and 2,774 by
proxy
the president, NJ. w. q. Elliott, submitted
bis report, which was adopted
The gross earnings Of the road for che nscal
year ending Juno 30th last were s532, s62.5l;
the expenses we're 1920, 10. leaving net
balance OF Ss35, Sa5.41. The percentage OF
operating expenses 70 gross receipts Was "1''
The attention of the stockholders is In tho re-
5oTt called 10 the fact that the charter 81 moor
poraton o. the com panY. which expired pV
limitation IN the State Of Norih Caroline vas re-
newea and extended 10y the last General Assem-
bly In that state for the Short period % tW0yehrs
only, and that this extension was made 10 Mafci;
1851. The Legislature Of North Carolina wlil
meet again ia January, 1872 ana HppicaiiVh
win then be made for a removal and extension
Of the charter.
AGKAriFYING INCREASE 0F THROUGH BCsiSfss.
The report Of the vice-prcsident, Mr.. H. Wal
tiers, says:
one 20 the railroads an the South, your company
shows gratitylng Increase IN the through busi-
ncss--foih passencer aDd freight Ihere
has however been ialhng on IN noth otauVi, ,,S
of the local business. Tho local passenger ana
frelght business represents only 1874 per cent
Of your revenue
DurIne the wear no engines or passongcr-cars
we're purchased. The only expenditure Tor new
equipment WAS S2O,OOo for thirty-two new box
cars This. with the less cost 81 Iepalrs' OK
plains the largo decrease Of Sal Oh.
The ply sieell condition OF the ROAD was re-
ported 10 10 excellent $500,
The ola oricers OF the company we're re- elected
AZ follows: Warren g.. Elliott, president, II.
Walters yice-presidcnt Board Of Directors:
W. l. Waters. Henry Walters, Il. Z. Newcomer,
Frederck X. scott, and DR.. ID. W. Lassiier.
MINORITY WANTED REPRESENTATION.
When the question Of electing directors came
up the point was raised That one OF inc oli {,
rector was not n siockhoidor. and an euott Ied
by CAPTAIN Alexander Coke ana Mr. john Nkeiti
Williams was made TO get represehttuNe oi
the minority stOckholders-that Is, rt0chhouoIs
outside Of the Atlantic Coast Line syndlcate-Ou
the directory. Resolutions 10 accomplish tnls
we're offered but subsequently withdraWn; =,
A resolution Was adopted authorizing the al
re,fors at their discretion 10 construct TaCA
around Petersburg, which would avoid the hea'y
grades OF the present connecting uhcA' INC
meeting then GdiOurucj. ,.,
Subsequently the directors met and Te-electeu
the Old executive force. Mr.. W. IL Jones Was
elected secretary AMI treasurer, rice M NJ. J.
Warrington resigned on account Of W hua .,,l
Tho directors passed resolutions compnhentulS
Mr.. Warrington on his faithful administration oil
the ONCE.
Richmond and Petersburg Railroad.
1nroeota,eiv after the adjournment Of the
meeting Of tho Petersburg road, the stockholders
Of the Richmond and Petersburg Company held
lhslr meeting, Mr Michael jenkins, OF bainrrofe'
President scott submitted his annual report as
follows which was adopted;
To me Stockholders:
on behalf Of the Board Of Directors / submit
IN q following statemcnt OF the business oil tne
company for the fiscal yoar ending juno 80.
1872:
Gross receipts nom transportation. S369447 az
Operating expenses. Nt"'AoV -
uo,ts and interest received ...... qO20 o.
Total net revenue. Gee. .......... Slo''oI' %
Interest on funded debt.S3d6OO 90
Dtv,dends ........ 10000 90
--s1O6, 600 90