The times. [volume] (Richmond, Va.) 1890-1903, 1897-12-28
NEW PRESIDENT CHOSEN
MR.. z. II. WILLIAMS THE HEAD OF
THEgKxCTIOS co.
Mr.. John 8. Williams Declined Re-Eiec-
Hon-spicndid showing OF the OPP
eratIons Of the Company.

~------
The annual meeting OF the stockholders
of the Richmond Traction Company was
held yesterday at tile company's office In
this city. a large majority OF the capital
stock OF the company being represented
In person. or by proxy.
President John Shelton Williams sub
rultted a statement OF the earnings ana
expenses OF the company from the com
mencemcnt or the operation or the COM
uanv 20 September ~. 1897, period OF
about fifteen months. showing gross
earnings Of sl630ll. operating expenses,
ylSsl2. net earnings. ~4.399. The COM
panys expenditures for interest on
bonds insurance. taxes. etc. Tor the same
period amounted to $40 1873. leaving net
surplus 10 the credit Of profit and loss OF
$1,000. A supplementary statement was
also submitted showing the gross earnings
OF the company from July LIST 1897. 10
December 90 1897. 81 40. being an IN
crease OF s2O2l1 over the corresponding
period last year. The passengers carried
from July lst 70 December 20, 1885,, amount
ed 10 15l4655. being an increase over the
corresponding period last year OF 3ss,5O2
Since the commencement OF operations.
about eighteen months ago. the Richmond
Traction Company mas added TO the reve-
nues OF the city OF Richmond ahout'slO.eo
in taxes. which IS about twenty per cent.
moro than the combined taxes for the
same period paid by all OF the other lines
I'm the city. The Richmond Traction Com
pany give steady employment 20 from
one hundred 70 one hundred and nifty
men. which cans the support OF from five
hundred 10 six hundred people
DECLINED ELECTION.
-to. boil IL
dent Williams commented on the success
of tho property. and congratulated the
stockholders upon the fact that all obsta-
clos which have intcrfered with the pro-
eress and development OF the property
have been one by one successfully over
come. aud that tho outlook for the future
AZ tho present time was brighter than IL
had ever been before.
Mr. John SHELTON Williams was renomi'
mated for President for the ensuing year
but insisted that this nomination be with
drawn. ae the demands upon his time
from the Georgia and Alabama railway,
Of which he "a president. and from vari-
ous other interests and enterprises wlth
which he IS connected. are 80 great as 10
make Il impossible for him 20 give 70 the
affairs OF the Richmond Traction SoH-
pany. the time and attention which they
deserve. explaining that on accolh, OF Nn'
demands on his time he had been strohs'y
tempted to resign from the PRESIDENCY OF
the Traction Company before this. out
bod fcl, Z, his duty 20 retain his ONCE
until Tho various problems and questions
which have been actively engaging the
attention OF the administration during the
pas, wear or so. could he satisfactorily
solved end completed. as Is now the case.
Mr. " NJ Uabllston. tho present wee
yresident OF the company, owing q the
demands upon his time from the several
large enterprises over which he preAdes'
and on account OF his large business IN
tsrests outside OF this city. which require
his close attention. refused % allow his
1ane 70 he presented 20 the meeting Tor
election as president.
THE NEW OFFICERS.
Mr.. J. s. williams then nominated Alr.
T,dmund Randolph Williams. and aiter
receiving several seconds, ana there Deihs
no other nominations. the secretary WAS
directed by unanimous vote TO cast the
hailo, FOR Mr. Edmund Randolph VIII
uams who was declared the new presi-
do,, ~ Tho Richmond Traction Company.
NJ, " NJ Habllston was unanimously
re'eIccted vice-pre-ident. and the follow
ing Board OF Directors was then CHOSEN
John shelton Williams. OF Richmond
" NJ Habliston. Of Petersburg.
william Middendorf. OF BAtlmorS
p b. SHIELD, OF Richmond.
Everett Waddey. OF Richmond.
William Writ Henry. of Richmond.
IL A. Parr. Of Baltimore
Edmund Randolph Williams, or Rich'
mond. ,,,
Upon the adjournment Of the siockhold-
ers' meeting the new directors were called
together and reelected as secretary lot
the ensuing year Mr.. Everett Waddey'
and Mr.. Robert Lancaster Williams was
reelected as treasurer.