Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-11-20

Dividends .....,..''''.'.' oo'oV' ,o,noo
Net surplus ........................SZS ''fi 10
PROPERTY IN MANCHESTER.
The conuany has bought some valuable
real estate adjoining the tracks IN Man,
chester. at cost OF $2l.0S, which VII,
give a much needed yard extension anu
eventually very much relieve the TRACKS
in Richmond. The old buildings nav
been cleared off the yard In Manchester
ond the track room very much
Increased and round-house pu,l''
the grounds have been fenced IN,
and an excellent iron foot-brdge erected
above the track for the accommodation
of those who work at Belle Isle me
business for the past year SHOWS ~
crease as compared with the preceulhs
wear but not as serious as was Ae"..u
a wear ago. and since the close or tne
fiscal year business gives proihisS "a
increase that is encouraging.
A belt line branch Of the IeterSDu,s
railroad around Petersburg. which VIII DC
COMPLETED by January next VIII enoole
the two roads 10 handle through freisht
with greater facility. ~,
Tho road-bed, works. equipment, anu
nll the property have been KEPT UP W -
Atlantic Coast Line standard. Trains ca"
now be run at seventy miles an n ,,
with maximum safety, on the man IL ~,
Of all this system. This Is the reason .na'
mis- line carries such large propor,, on
81 tba North and South passenger trafhc.
vICE-PREsIDENTs REPORT
Tho renorts of the vice-president. Mr.
WALTERS and the general manager MI
Kenly. were also read and adopted Inc
former sets forth these facts'
The year has been severe one upoi
all railroad property. The great hhaheidi
denression which followed the close Oh
,ha nreceding year continued during the
,,,el,a months and II was only by the
,ncet riptd economy that the net receipts
were maintained at a figure whlch war
ranted the dividend which was pald 10
the stockholders ,.o.oo,o
,rhe gross receipts show decrease
Of ga. 727. 80 and the net receipts ue-
crease Of S2528i.3s.
4 larger decrease in operating expenses
would have been made but for the new
passenger train put on In each olrec''o"
10 accommodate the Seaboard AIRLINE.
Following the lowering of the grades
between Richmond and Weldon. when
wes referred to in the last annual report
a different class of freight-engines lot
the heavy trains has been adopted as a
standard. This made II possible TO ue-
crease the frcight-train mileage, ana re
suited in a saving of not less thah sooo0'
which saving will be increased during
the present year.
SOME IMPRC TEMENTS.
rbere has been some slight improve
rnent in the business Of the first three
months OF this year, compared win the
same three months OF last year. IRE
outlook. however. is not as promising
as had been expected, Decreased con-
sumption In general business mas peeh
greater than the decrease In manufacture
and IL now looks as if the opening year
would bring us as small volume Of
business as that of the year Just closed.
The decreased value Of the wheat ana
cotton crops presents circumstances
which time only can correct.
Car-mIleage balances are still unsaus-
factory. the increase over the preceding
wear being about 5000. II is difiicult,
however 10 see how this can be corrected,
owing 10 the through business being done
almost entirely in foreign cars.
A FEW DETAILS.
The general managers report gives the
following additional details:
"One hundred and seventy-two tons OF
rew 7O-pCa.nd steel rails were purchased
| and laid in the track. The road De
tween Clopton and the Petersburg be'-
Line junction, point three ana 'hret-
tenths miles north OF PETERSBURG - no"
| laid with 70-pound steel rails. The James
rI,er bridge and trestle over the Apo
| nattox river at Petersburg are also laid
| with 70-pound steel rail.
| "a substantial freight warehouse
| covered with corrugated iron ana TN
| vas erected in Richmond for the promp'
| harding of perishable freight
"a third-cIass station building was
| erected at Drewry's Blun'
A SUBSTANTIAL STRUCTURE.
| "carrvlng out an agreement win th'
| a,,borities of the city of Manchester
| highway bridge for foot PASSENGER
| has been erected over the yard tracks
| !, "a q substantial steel structure rest
| ing on stone piers and abutmeh's' Il
| o9S feet IN length, divided into two equa
| spans. Ii covers the entire Wlulh "
| the yard tracks. and is elevated twenty
feet above them. and anords sals uii'
| convenient highway between Mancheste
! ond Reue Isle. These improvements have
| All been made since the close OF th'
| 0scal wear. The cost and fuller repor
| win he made In detail in the next anhua
| report. II. .o,,,
| NEARLY all of the station side-tracK'
| were extended, and some new ones con
| structed. In all 9.49S lineai feet OF sue
| tracks were built. II,
The following extraordinary expendi
| lures were included in the operating e~
! penses: s-- ,
| 70-pound steel rails ............'.''s o'S..
| Freight warehouse at Richmond. boSs .
| station blding at Drewry's Bun. OK
Change Of grade between Chester
| and Petersburg ........''.''''''''' "'o o, =
| n. 1lre l.1k- a
| Total ......................... .s-"''-t
Mr. Charles Ellis asked II any arrange
ment had been made by which the Rlch
| mond and Petersburg road would D
compensated for the loss OF frame owe
| that mart OF their main stem which woul
| he given up by reason OF the pet-hh
around Petersburg
MFR. Walters replied In the negative pu
said he did not think the Richmond AM
Petersburg would lose In the net earn
ings.
OFFICERS REELECTED.
The old officffers and directors wer
reelected. and the old Administrative
force was continued. Inc iorne' o..
FRED r.. Scott. president; II. Walters
viee-president; Directors, w. i, Walters
r. Newcomer, Henry Walters, ID
| n w. I.assiter Warren q. Elliott.
Mr.. w. II. Jones is secretary and treas
urer OF both companies.
Mir. Triplet Haxall was substituted 10
Mr.. Barton Haxall on the Examin,h
Committee. and the meeting ao)oufnsu'
Norfolk and Carolina.
At f:so an adjourned meeting OF IN
.,ockholders Of the Norfolk ana caronn
rs,lroad was held, MIR. Elliott pres'aint
rbe. improvements already mace az TN
ner's Point, the Norfolk terminu" ~ =,
me, the work now In progress be con
s,nwed 81 an expense not exceeding AaVV
orders tor printing sent % the ~,
s,cn Company VIII b given prompt .