Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-10-20
DO WELL.
ANNUAL MEETINGS OF THE cHEsA-
prAr<E AND OHIO AND SOUTHERN.
BOTH COMPANIES KAKE FINE RECORDS
Net Earnings Exceed Those of Last
Yenr-New Directors Elected md
Other business Trnnsncted-hc~
portx ana Conduct Of the Roads.

There were two important railroad
meetings in this city yesterday. Thu
stockholders Of both the Southern ant
Chesapeake and Ohio companies helt
their annual sessions here. approved th'
conduct OF their boards Of directors. anc
elected directors for the ensuing year.
The stockholders OF the Southern met
In their offices at the corner of Tenth AND
| Bank streets at 10 o'clock. and were in
| conference for several hours before theiI
work was completed. The total stock
| of the company--l. 743 900 shares-was rep
| resented, either in person or by proxy.
| Colonel A. b. Andrews, of Raleigh, N.
| C., first vice-president of the company
and Mr.. Josiah Hill, of New York, Sec
rotary OF the Southern, were In attend
ance. Mr.. Joseph Bryan, of this city.
was made chairman OF the meeting, and
the annual report of the president and
Board Of Directors was read and APP
proved 1t made magnificent showing
for the company. The following very
interesting figures are CLEANED from the
report:
1896. 1897.
Gross earnings. .s19, os2 247 o. 5000 499 81
operating expenses
and taxes ........ 13,45l Az SO 1928, 156 %
Net earnings 81, $50 7g9 40 s5,Si6,S43 50
Increase over 1896. s2l5. 54i33
Income from other sources In 1897,
s2S6. 1890
Number of miles operated in 1897,
4eO5.15.
THE NEW DIRECTORATE.
After the approval of the reports the
stockholders elected the following gentle
men members of the Board OF Directors:
Messrs. Alexandria Il. Andrews, OF Ra-
leigh, n. c.; Joseph Bryan, of Richmond,
Va; Charles IL. COster, of New York;
Harris G. Fahnestock, of New York;
William w. Finley of Washington, d.
c.; Robert NJ. Galloway, of New York;
Samuel NJ. Inman. of Atlanta, Ca;
Samuel Spencer. Of New York, and Skip
with Wilmer. of Baltimore.
The new directors of the company are
Messrs. Joseph Bryan and ii. G.. Fahne-
stock.
Chesapeake and Ohio Meeting.
The annual meeting of the stockholders
Of the Chesapeake and ohio Railway Com
pary was held at the office OF the COM
pany in this city Yesterday Mr.. Vlr-
ginius Newton. OF Richmond. was elected
chairman and Mr.. Wexford, the secretary
OF the company, recorded. The number
OF shares represented was 372.95S, or con-
siderably more than "A quorum.
The action Of the Board of Directors
for the past year was approved and the
following gentlemen were elected direc-
tors for the ensuing year: Messrs w. i.
Anderson, of Westerly, X. l.; George +.
Bliss. c. II. Coster, Chauncey NJ. Depew,
Charles ID. Dickey, Jr., and Samuel Spen-
Ger, Of New York: M. L. ingalls,, Of Gin
cinnati, and Decatur Axtell and Henry I.
Wickham, OF Richmond.
The annual report of the president ana
directors was submitted and approved.
and after the transaction of some fur
Their routine business the meeting ad
journed.
The report was regarded as very en-
couraging. 1t contained the following
figures as to operation mileage, earnings
&C., in 1886 and 1897:
1896. 1897.
Miles operated -. 1275.9 1858
Gross earnings. so ,22l 13l AZ $40 7O8 1872 81
Operating expenses
maintenance and
taxes ......... e. 606S,152 60 1896. 100 IS
Net ....... .....s I. 257 S7s 70 3.421. Alb So |
Fixed charges, &c. 3l10,637 6S 3,ilS,S1 IS |
Surplus over all
charges ........S 147,3i1 o. 302,5n IS |
The new directory of the company will |
meet in New York i'm a few days. when |
the matter of the proposed extensive i'm |
provements in Richmond will be con-
sidered, and no doubt. approved.