Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-11-21
RAILROAD MEETINGS.
TINE PETERSBURG AND THE RICHMOND
&PeTERs6uRc's ANNUAL SESSIONS.
The Reports Of the offieer. show the Past
Year 10 Have Been n Prosperous
One with Both Reas 9.

The annual meeting OF the stockholders
OF the Petersburg Railroad Company was
held az the Byrd-street depot yesterday
morning at IL O'clock. Major Fred X.
Scott presided and Mr.. William Jones
acted as secretary.
The report Of the president, Mr.. Warren
q. Elliott. which WAS submitted and
| adopted, says:
The gross earnings for the year
from all sources were. $4,000 80
ihs expenses were....,.......... 334oz4 30
Leaving balance OF net reve-
nut ACKNOWLEDGEMENTS. Sz140b 70
Inc percentage Of operating expenses
to gross receipts was coo per cent
tne report submitted 90 you herewith
contains IN detail the sources Of the reve-
nue. received. and full account OF the
expenses OF maintenance and operation.
me property or the company has been
Kept and maintained in good condition.
| Inc company has not been involved in
any serious litigation Of any kind during
| the past year.
In our last report we called your atten-
ton to the fact that the charter Of this
company In North Carolina which had ex-
| pred prior 10 mat time, had been re-
/ newed and extended by the Legislature
/ OF North Carolina for the short period
/ OF two years. At the last session Of she
/ Legislature of that State an act was
passed entitled IAN act TO amend an act
ratified the 9Th day Of March. 1891; en-
| titled an act 10 renew and extend the
charter of the Petersburg Railroad Com
pany, and TO further extend and renew the
| charter OF the said Petersburg Railroad
| Company" This act was ratified on the
| lat day Of March. 1898. 1t extends the
! charter Of this company in North Caro-
lima for the period Of sixty years from the
| date OF ratification of that act.
GENERAL MANAGERS REPORT.
| The report OF General Manager Kenly
says:
"on September %. 1892. a contract was
made with the Seaboard Air Line, which
| secured TO our company the business or
| that company with Petersburg. Rich
mond and the rail lines north Of Rich
| mond In accordance with the terms OF
that contract the Seaboard Air Lane on
senger train service between Washington
| and Atlanta. Ga, via Richmond, Peters
| burg. and Weldon The train runs daily
| IN each direction. and IL handled by our
| engines and crews on the Richmond and
| Petersburg and the Petersburg road.
The roadway. track. bridges. and build
| ings have been maintained In good condl-
| ton. The road Is now In excellent condi-
| ton.
| The report Of the superintendent Is
hereto attached which will explain In
| greater detail the improvements and
| changes made during the year.
| 1t has been ascertained that at small
cost the maximum grades Of the road
| excepting grades through Petersburg-can
| bc changed 70 conform to those south or
| Weldon. Instructions have been given 10
make this Improvement as early as pos
| siblc.
| The old officers were reelected.
RICHMOND AND PETERSBURG ROAD.
| At 70 o'clock the stockholders Of the
| Richmond and Petersburg road met at
| the same place Mr.. Barton Haxall in
| the chair and Mr.. William X. Jones sec
| rotary.
| The president. AIR. Fred. r. Scott. SUBJ
| mitted his report, which reads
| on behalf OF the Board Of Directors i
| submit the following statement of the
| business Of the company for the fiscal
year ending June 80. 1898: