Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-01-01
&C.. due. amounting to about $50, 900 more.
The total bonded debt is 81. 10000.
Rlohnond and Petersburg Rsiiroad.
The following figures show the growth
of business on this road since 1879
1870 tQQn 1901.

mlse..-... x,u4f,taV lV,loo'S5f e,7o-''""
Pa ssengers
inoyedone
mile. 2,17s,3oo 4,46o.574 4,e41,s53
Dividends at the rate Of per cent. per
annum are paid semi-annually on the capt.
tai stock. of this company-Sl, 600, coo. Its
bonded debt is S6S0, 900.
Petersburg Railroad.
Petersburg, Va. to Weldon. N. O.. 60
miles. The past fiscal year has been the
most profitable one in the history of this
company. The net earnings, after the
payment of interest and all fixed charges.
were equal 10 7 per cent. on the company's
entire capital stock. common and guarsn-
teed. The following comparative state
ment of operations is of interest:
--Gross Earnings.------~
eos,sss 4ss,s57 bo5,s5e 5s5,O75
ls1s ss,sss 1sisss lsss 1925. rssS 1ss175 1897;
c--Tons Freight Moved One Miie.-.
ls79. 1889. 1890; 1881;
,-----Passensers Moved one Mile
s1.5is,4s5 4,aSi,aso 4,s5s,i45 5.as4,474
The large expenditures which have been
made on this road for the past few years
have resulted in bringing it up. to very
high condition Of efficiency. so that it can
now handle its large and increasing bust
ness at minimum cost. As the large
amounts expended in permanent improve
ments and betterments have been mainly
paid out of the net earnings. and not by
the sale OF bonds or other obligations, the
| company fixed charges have notincreased.
so that the stockholders will be able TO
reap the full benefit OF these expenditures.
The net earnings OF the company for the
| five months ending December |. 1891, ere
sufficient TO pay the interest charges tor
| the entire year. The net earnings for the
remaining seven months. therefore, to the
stockholders; in other words, the earn
ings of the company for this period have
| been at the rate of IL per cent. per annum
net on common and guaranteed stock.
Richmond and West Point Terminal Com
| paoy.
The mileage of the railroad systems
owned and controlled by this company are
as follows;
Miles
Richmond aud Danvillo System. ..3,25s
| Water lines. 200
Central Cent? railroad Of Georgia system and
| roads controlled by that company jointly
with the L. and n. Railroad Company. ...2,8sl
| East Tennessee, Virginia and Georgia sys-
..<,oio
o,O52
This is saproprietary company, and whilst
| controlling the above mileage it does not
operate any railroad directly. Its revenue
| is derived from interest and dividends on
tho bonds and stocks of the various COM
panies which it controls ItSexpenses are
mainly the interest on its cdllateral-trust
bonds, which were issued to pay for the
various securities bought. The income OF
the company last year, including interest
accrued and uncollected. was Sl,2S9,0O
its disbursements Sl.227, geo, including
100000 for interest and about S250,0O0
dividends on preferred stock.
The gross earnings for the fiscal year OF
the roads comprised in the Richmond
Terminal system were S43, ,s49 900: net
earnings. Sl3.963.00O fixed charges
| Sl1, ,445. 600; surplus over fixed charges,
| 80. 900, the average mileage operated
for the year being ssh miles. For this
year the gross earnings increased over the
previous year 90, ,i00, ,00e; the net earnings,
$500, 900: surplus increased $4,000; in
crease in average mileage operated 259
miles.
The capital stock of the Richmond and
West Point Terminal Company 10 $40, 0,0OD, =
600 common and rs. .OO0, 900 preferred. The
bonded debt consists of S5,500.000 per
cent. and S1l 0S5. 900 per cent. collateral
trust bonds, which are secured by the
hvpothecation of various bonds and stocks
held by the Terminal Company and by
which the company holds control OF the
different roads comprising the system.
Richmond and Dauville Railroad.
This company controls directly or indi.
rectly. through fixed or operating leases
or ownership of securities, 1858 miles OF
railroad, including 200 miles of water line.
That portion of the system known as the
Richmond and Ddnuite proper" includes
the following roads owned or leased for q
fixed rental:
Miles
Richmond and Danyille railroad and
| branches. ...........'s'...... lO-
Piedmont railroad. ACKNOWLEDGEMENTS. 81
Richmond, York River, and Chesapeake. 3!
| North Carolina railroad ad.......,........ '22.
| Atlanta and Charlotte railway ............. 20.
The NJ. and ). railroad and :. U. railroad. ls
|
Total 751
The earnings and expenses of these road
for the last two years have been sfollows