Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-01-01
OUR ROADS DID WE'LL
coon SHOWING WADE ~ LINES VT
Local. INTEREST.
ALL SHOW INCREASE OF BUSINESS.
vr,.f n,,f.y,s of the Operations "i
thr pctcrshurp, Nichm""d """
.,...... II =. 4 H.. aud Gcor-
uia aud Aiahnm"'

d Sons)
Dnrinr the year 1876 this country SUI
fcroa financially. from Cd severe case Oh
ncrvous proslration Business was "'-
most al standstu mp to the day Oh ,"'
election in November Credit was "'
,oorsliz,d and many OF Che most re-
l..,,.,,,,. businessmen and huanciers
were driven 20 take the very n"uS"'''
stems OF spcculat.ne in the very i"o'''
of the nafiou-thc standard Oh N"'"'
Tho effect of this ncasiness was very
materially felt throughout the year III
,ho bnsiucss of the country. ID mao IT'S
eYcot ON railroad buildmg and the re-
cord of the year shows only l'''> "lll'7'
The smallest number of miles constr ". 'O'
sn any orc year since 1860. OF 'hl7 'i''
miles. GO are credited 20 the Soulhe'"
s,o,cs The state showing The greatest
number OF miles constructed was ''"-
fornia d7o.@ niles. and Massachusetts
the smallest. giving only one mile
The folowing is "a summary oil the
vcor.s operations Of some Of the roads,
IN which our people are most in'e''S''"'
Pc,ersburg Railroad.
After CHARGING S90G Of improvements
and betterments % operating expenses
and pavinc per cent DIVIDENDS %" JUS
common and preferred stock. ihl- 'o"p'
nv carried 10 the credit OF pi""1 ""' a.,
fcr tho wear ending June 10. lN" So i'--i-.
I,bs net earnings OF the company above
,,s axcd charges and taNes 1mounie" 10
Sl4Sl25. equivalent 90 over u IL per Gem"
on Us common and preferred sloch.
The bonded debt was reduced 10y S-'N''-
9 ,.r cant bonds which were redeemed
duTiug the year ....,
From tho following table il will be seen
that tho gross earnings increased 5000"
over 1885. and net earnings increased
GROSS EARNINGS.
1901 1895 1896.
ssg5OT5. Hos S5>S1t3.
NET EARNINGS.
s,so =, si,asg. $25S1B.
TONS OF FREIGHT. ONE MILE.
ei.GSSN. 27.0972o. .. ''.-o,.o''
Receipts from through freight h're'S'
In 1896 over The previous year 80 per
cent. and local freight de.reased 81 per
cent. and through passenger receipts N-
creased Z per cent. and local per cent.
The dividends and interest distribute
by the company during the year amount
ed 70 slN2n.
Pichmond ard Petcrsbnrg II. IL. Co.
Tho results of the operations of TINS
road for The fiscal year ending june ".
1sos aro very satisfactory as VIII pe seen
from ne following lg-res: ons ol 'i'I7"'
one mile amounted 10 BpIHaj IONS '''
increase over the previous year OF i>f'
rs tons. or 1913 per cent; passengers one
milo amounted 20 l.laici. an increase Oh
2c5.24S. or 5.4 per cent; receipts from local
freight lecrrt-el lli N'r ctA-. i".
those from throurh freight increased l'
Der cent. ana receipts irom through pas
sene.s,-s Increased about 6 FER cent. rep
resentins an increase in the number Oh
passeusors Of 6.74. and receipts rom
local passengers snow an increase OF
nor cent. ronrsseutng am increase or
l.0S passengers.
During the wear the company made con
siderable fuUrove c-t MS iu It's freight
wards in this city. makinl additional room
for thirty-hve cars. Improvements ana
betterments were made amounting 20 N'.-
no an Of which were charged % operating
expenses. and "a balance of Sioli was
added 10 the credit OF profit ANA Joss. The
bonded debt was reduced by N9op-iirst
mortcage per cent. bonds which were
purchased az 116 and cancelled
The following IS a comparative table oil
earnings and expenses for several years;
GROSS EARNINGS.
g 2'.i sa74q25. sosN5.
NET EARNINGS
sgl57 A23sG. Sf925.
PASSENGERS CARRIED
1891 1895 1896
eMa5S. 23476 2i2.557.
The net earnings of the company for
the fiscal year ending June 20. 1896. above
its fixed charges was Sl26.Csi or eqUiNa-
lent 20 over T. ID per cent. ON its capital
stock Dividends "a the rate Of per cent.
Per annum. and the interest and diVl-
demos distributed 10y tho company during
the year amount to about $1,000 Gross
earnings Tlnc % 90 November 90. 1896. $780,
O2 as compared with Nf7,g3 FOR same
period last year.
aIsc r.. =. 4 y. ~ "a
The Richmond Fredericksburg and Pc
tonac railroad. 50 miles in length. is
the northern outlet OF the Atlantic-Coast
Line system. connecting at Quautico with
the PENNSYLVANIA railroad. The steady
Increase I'm ifs business Is shown in the
table grreu below
During the wear cndine june 90 1886.
the company paid per cent. dividends
on both It's dividend oh isations and
stock. distributing in dividends and i'm
terest. 3 a. .2J2.
The following e. table of earnings and
expenses for 1856. as compared with 1880
and 1891.
GROSS EARNINGS.
1891. 1875. 1876.
s75Gl52. s722.2'9 S7iG,Gi3.
NET EARNINGS
lsl. 1875 1896.
SO. 800. S25l50l S2i99i2.
The Chesapeake ana ohio Hallway.
This company during the year ending
June 81. 1896 operated 1850 miles of road.
The president. I'm his annual report states
that the freight earnings were the largest
In the comDanys history. bat there WIS
a falling off in passenger earnings. The
combined earnings. however. We're the
largest for ary year, except ls9i The
net earnings were the largest in any
year Ia It's history and the profit and loss
increased boy si413n. During the year the
company purchased aqd charged 10 cX-
penses seven new locomotives, 2ll new
freight-cars and built at its own shops
nineteen frcight-cars. Various sidinss
and double tracks We're put down during
the year. costing >227S. al of which
1gae charged 20 operating expenses. Tho
following table shows the operations Of
the road for year ending june 80. 1896 as
compared with 1896:
Passengers carried.
one mile. zee. A,Zosubi @ebll1
Tons freight carried
one mile. ....i72o7V51 1.3C02LG2
Aggregate tons Of
freight per train
Mne o'' operated Grated. :. 49,. 49,. is5;S ls755