Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-11-19
RAILROAD MEETINGS.
ANNUAL SESSION OF PETERsH'" HI
.xDp.xP. STOCKHOLDERS.
ueports Of the Respective o"ee''
showing the Conditions OF tue
Voads-Old officers
r,,hutc 10 Mr. WaIter--DfVf"e""~

rho stockholders of the Petersburg an"
,bose of the Richmond ana fe'e'9''e
pai,rosd companies both met In ahhua'
session Yesterday. and subsequent ~
meetings of the directors of oo'h oie''
cations declared l-2 per cent u'N'u.'D'
The Petersburg company's s'ockho'"e'
assembled at II O'Clock In the treasure
office. at the Union Depot. anu Noi'''N
p,chard +. Maury presided. MT Narie"
q ruu,ot, was reelected president Mt.
II. Walters. vice-presiden'' anu INV
d,,ectors-Messrs Elliott ana "al'e's'
W Iassiter. T.. +. Newcomer freu' !"
Scott and Waldo ACKNOWLEDGEMENT "i'o
reelected. ,.. oc,oors chow
,ta road 10 be I'm an excellent cohu,-
t{on The presidents repor'' III "'
- Incorporated those OF the ueasu, g.
auditor. shows the recepl's LOT 'i,e
wear to have been SalZ'SS'o' WIZ 49,
operating expenses, toge mr. VIZ" ,.''s
,aves paid. were only S25.54s@, thus
,oa,,i,c net balance Of slsI, ISL" 10
mich is added $500. received from rem.
art interest The road has no" -
enp,neg in good condition: ! passenger
coaches. . baggage-cars. ana 5i- lre's"'-
cars. .,.,,<,
RICHMOND AND PETERSBURG
As soon a. the Petersburg company
adjourned. the stakeholder of the hlch-
mond and Petersburg company me-
lion e. r.. Munfori presided. MAJOR
Frel T. Scott was reelected presideht'
Mr. II walters was reelected Vice-pr'sI
dent. and Messrs. Il. +. Newcomer. ~
Walters. ID. W Lassiter. W. u. h"iol,.
and Michael jenkins were re-'iec'eu ~
directors. .,,u.od
q net surplus Of sc7.f2S35. The gross re-
CENTS were Ss7i 1888; operating expenses,
s2;i 5s2: net receipts :93 1858 rents anu
interest received. S9i2.B, net reNe,.ue'
sl2S 2O5. Sc: interest on funded deo'' S'''
$40: dividends. S61."D. ia. T.,
Tbe surplus was expended chieny IN
tho purchase and cancellation OF Sis,'"
of the old Grst-morigage bonds Il,
premium Of s324. The operating ~
penses include about $1,000 eNpehueu iol
be,tern,ents. details OF which are gwen
in the general managers repot'' "n''"
Is made a part Of the president =
TRIBUTE TO PRESIDENT WALTERS.
The passenger equipment OF the roar
consists Of ten coaches. ana the He'sn'
continent OF ninety-siN cars
Presidents
their reports speak of the loss the ioaus
sustained I'm the death OF Mr.. W. /. wal
ters. and the following eulogium. oHereu
no Major Scott. was adopted by Ds'h
meetings:
"Since the last annual meeting OF the
s,ockbolders of this company death
has removed Mr.. W. r. Walters. vice
rresldent OF the Atlantic-Coast Line, ana
a director In this company Mt. Nai-
tors may be said 10 have been the Gre
ator of the Atlantic-Coast Line system
~ railroads. In the depression mat ioi-
lowed the business disaster OF 1910 wheh
50 many men OF capital and railroad TX
perience gave up hope OF seeing iahIoau-
nroperty in the South even seh-sus'aln-
ing and abandoned large inVesththtS,
Mir. Walters gathered up the scatteIeu
and disiointed links Of roads, ana, WIN
,h. co,rage of his belief, spent his
money freely in reconsiructlnS anu r.
huildiuas connections until hs had inc
satisfaction Of seeing his WORK result
in the most complete system OF raliroau9
in the country. 49,.
"ue administered the affairs Of the
,o,nnanies that he controlled by strict anu
Ill adherence to business principles
h,t withal was most Kind and generous
IN all who gave faithful ana ioyal service
in the various properties In the system
"rrne excellent business methods ne IN
,rodmced have so unified the management
or ,ba several roads that increased EN-
ctoncv and economy have marked the MS
,or,, of~the companies for the last quar-
ter of a century.
"The least we can do Is 10 recoru III oul
,.,oceedines the high personal esteem IN
mich we held him. and the loss we nave
suffered in his death