Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-11-19
RAILROAD MEETING.
ANNUAL SESSION YESTERDAY OF
THE H.. n. & T.. sToCkHoLDERs.
President Mycrs Submits His Report
Reviewing the Operations OF the
Last ycar-Thc Present Officers
Reelected.

The stockholders OF the Richmond
fredericksburg and Potomac railroad met
In annual session in the offices OF the
company. in the Byrd-Street station yes
terday at noon.
There was a very large attendance.
Judge A. l.. Holiday was elected char-
man and Mr.. J. Il. Winston acted as sec
rotary.
The nrst business Of the meeting was
the reading and adoption OF the report OF
the president and directors, the text OF
which is as follows:
Richmond. Va. November Is. 1896.
To the Stockholders:
The operations OF the fiscal year enoeu
June 80. 1896. are set torth IN i"uleS ~
& and ID of the treasurer's report, ana
need not be recounted. The rauo of eN-
penscs to earnings G672 per cent? Is great
cr than In 1886: nevertheless. that fato,
considering the position OF the me anu
the always active, often fierce, compeu-
ton with water lines, is not unfeason-
able. .
IT'S EQUIPMENT IMPROVED.
The equipment Of the company has been
added to- We have now no unsound OF
unserviceable cars upon our roster. Inc
roadway. track, and buildings are In sOOu
condition.
The charges TO current expenses inciudc
two section houses. an agents house'
draw-tender's house az Aqua creek, an
iron turn-table. the pavement Oh IN
freight yard at Byrd-Street. a large loco
motive. and fourteen standard utiBh'-
cars. The sum of $4,000 for steel ralls u
also included (see Table d ana directors
report of 1880
,rhe funded debt has been reduced ~
the payment OF $3.50 Z per cent. COZ"
vertible bonds. maturing July l. l0s', "
gether with two 6 per cent. coupon 'oiu'
of 81 900 each. maturing November ], l'vl'
which having been lost, were PAD OIL
after taking proper precaunon.
The property has been added TO by the
purchase OF lands. equipments, etc, 10
the amount Of S25.6I.29, as shown IN
Table b.
TRACKS ON BROAD STREET.
The location Of our tracks on Broad
street has been change in accordance
with an ordinance of the city OF klch-
mond. passed April 3, 1896 from "hlcn
the following is an extract:
"The Richmond. Fredericksburg ana 70
tomac Railroad Company is also au-
tborized 10 shift its tracks from point
near Harrison street to a point near Pine
street. On Broad street, ahd
upon such terms as TO costs and haDill-
ties as have been or may be agreed upon
between said companies Uhe klchlnohu
Traction Company, the Richmond kall-
way and Electric Company, and the Rich-
mond Fredericksburg and Potomac KAN
road Company. Inc sdll Co'ii
pany uhe Richmond, Fredericksburg ana
Potomac Railroad Company shall nave
and hold its tracks and its location under
the same rights and title as II holdS us
present track and location"
The cost OF this change was borne By
the Richmond Traction Company. all
claims for damages having been settled
and a contract specifying the relations ci
the three companies operating tracks on
Broad street executed before any Work
was done.
For the board. Respectfully submitted
+. T. d. MYERS, President
OFFICERS REFLECTED.
After the adoption OF the report. the
meeting PROCEEDED 20 the election or OIL
GERS and committee FOR the ensuing year.
Mr.. f. T.. u. Myers was anonymously re-
elected president; Hon. J. Taylor sfiiysQn
was reappointed state director, anu one
following gentlemen were chosen as d.
rectors on the part OF the stocE holders:
Messrs. Moncure Robinson, 3. +. New
conner, II. Walters, and w. j. Leake'
The following were appointed to act on
the Examining Committee: Messrs. j. X
Baylor. NJ Robinson. Ch. Ellis, H. i.
Anderson. and Il. l.. Scott
The meeting then adjourned.
The annual meeting Of the Potomac
Railroad Company. which was TO nave
been held at the office Of that company
yesterday morning. did not take place, as
no quorum was present.