Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-01-01
OUR RAILROADS.
The ROADS csN1RlNe HERE AND
TIE SHOWING THsY MAKE.
Work and Earnings 90 the c. & o., the r.
& u, the \. 8 W, the H.. y. q To-
the Atianttc-Coast L,ae, Etc.

fprcperca Tor tho Dispatch ny NJ. John SEe,ioo
Williams az the banking urm o. joan 10 W"
hams * sous,l
There has been but li,tle activity 10 the
building 81 new railroads m u.e u'n'e'
States IN tho year inst closed. aud me con
s,roclon that has gone on has been nam
lyln the extension OF OLD lines and IN the
COMPLETION Of new roads started before
tie beginning Of 1927 The miles OF Ne"
\ main limo constructed IN this period IS re-
ported bv the Erhr7y Ag' att,Oo4' OF Mon
o,7 are credited % the southern states
& ..s,,.e- an average Cor the preceding ten
81 VeaI. 4og the whole country OF 5'SIo
,ufy4 ov rolu Brr.r n ymGlNIs.
q T., DI.,. q railroad built IN 1892 Viz
i ,.ir..Sskcs about th.rty-second place IN
t4o lfef ~ states aui Territories, WIN
4 ,.Ir tWrutg-tlTeo mics OF new fosds;
4 Decidedly the most important rnhroah
sy.gt ol thc year for NTg.ula was the
c,nrlp1pu through the stare of West VIZ
cI..a which occupies tlth place IA the
U..1ecr 81 now railroads constructed. OF
~. 1ifa-Hivor extension oil the Norfolk
n.I Western railroad from L'Eborn, 10
fle H..aiOutas region. 10 houoY2, on the
Bii. rttor lS5 mles-thu oponng new
through al-rai route from Noti0ik U
milrs LONGER than the Chesapeake ana
ONO route from Chicago 20 Newport News.
qhs extension Of the Norfolk and West
eru is now iu full Oucration, and by April,
JsI'. 30 is proposed b. establish IA double
oeIir 6rst-cla-4 passenger service nom
Norfolk through 20 Chicago.
lNuANns OF BKcuyRRe.
Tho business OF the past year has been
cg.ie satisfactory a. many Of our virginia
roads. The most notable exception beng
fio Richmond nul DanViiIo, which was
unable 90 POSTPONE longer tic collapse
vhirh socmndlmmIncnt at the beginning OF
INgl ON March 6. i-g2, the Central rail-
road ~ Grrr-.a, one q the three principal
divisions of tho IichuSnd Terminal Evs-
TEN, passed IltO the hands Of a receiver.
This vas followed IN quick succession Gy
THO appointment oi receivers for tho Rich
moui and Dauyl'ic railroad on June 10Th
ior thn East Tennessee, Virginia and
GcoTal, railroad june 2ith, and the Rich
mond Terminal itself, the controlling com
pauy. was placed ~ charge Of receivers or
June o.. 1872 The affairs OF the Richmond
an Dauyllie and Richmond and Terminal
companies, through their various leases.
operating contracts aud sub-lease-, are
much complicated. and tbrr finances are
ln anything but hopeful condition. The
Richmond and Dauyiile Company de
faulted July J, 1892. ON ITS own FIRST mort
gage bonds. and various other roads OF the
system have slnco failed e. meet their
maturing obligations. 10 is feared that no
plan for reorganization can be carried oul
ior some time q, come. anl that the roads
Will Doc managed by receivers for several
ycITs vet.
brCKLrss SYNDICATE MtNAGTNFNr
The Richmond and Dauville system per-
wade % magnificent territory and docs q
large business, which has grown enor-
yru.l.. and is Cauablo of still greater de-
V-l1umrut. and Justice 90 the South now
demands that e. should Doe Clearly under
htool THAT tine present dcmorlillcd c1ndi-
fIpu ot this system ls the result not ot the
d..ttl OBJ. business. but rather the effect OF
reckless management on the part OF the
various syudlcates which have from time
g. time been m control, and who have eX-
lau,ted their vitality by burdenluU the
roads VITA Obligations for whose creation
there was no need, and have crippled their
efficiency ty many eutangllng alliances
end destructive combinations.
ArALLv5 orY IL ToNSAGF.
Since the close Of the fiscal wear, June
Hu. I-2 the business of our railroads
1urtiryT South has not increased CORE
EppulugN with the revival OF general
trade and business. Tins IS largely the
result ni o small yield of cotton aud an
unusually large production OF food crops.
The small cotton crop deuTlyes tho ROADS
oi their accustomed tonnage on tire ono
hand. wh'rt tho large yield of the food
crops ralsod f.r home consumpt on takes
fbeplaco of l-aad-stuts, provisions, &c..
which have hitherto been 50 largely
brought iu from tine West aud Northwest,
thu, cflsiug another serious loss % the
railroads OF tle.r usual business; but oi
course. what tao railroads thus lose inc
farmer say,-. and ms financial condition il
.ouepol.iu-ly improved.
NarfoIi. and Western Railroad.
I'll. Norfolk and Western Company owns
yuur. miles of railroad IN Virginia than
uuy other corporation, and has probably
contributed more lu tho past few years to
the material progress OF the state than all
other railroads combined. It's mileage
wa4lrCr.aspl 20 the spring Of 1879 by tho
ar.u.5liIpl ui two important pew rail
r.au,-to W., Oh. Roanoke and Southern
from Roanoke. Va. 10 WINSTON. n. G.. ~
miles. and The lyuclturg and Durham,
from LyuChbgrg. Va, TO Durham.
n. C.. rs mles. The Omo-ElveG ex-
tension, from The iocahonths coal
field. 90 tuN ONO uVer-loJ miles
La- also lccu. recently opened and Is
now u full operation. The company Is
tNp..tfur to secure legislation from the
present Congress, which Will enable IT TO
construct TO- own line from Front Royal,
\u.. % Washington, authority Tor which
Ia lre,'y been granted by the stock
lnuer..
Itet.tai mileage ia operation January
j. 1885. is .-1s miles, Of which the Norfolk
ana Western system proper Is l,303 miles
and leased lines 236 miles, against a total
M l,uge operated IN 1872 Of 1905 miles.
Tue following table shows tho earnings
aud operations ot the road for a series OF
vcara. For 1872 the earnings for two months
are necessarily approXme,eIi