The times. [volume] (Richmond, Va.) 1890-1903, 1898-11-22

Surplus ........... ............S S6.2n Ga
Mr.. Alexander Hamilton was elected
President of the company 90 succeed tho
iate Fred r. Scott. Mr.. IT,. Walters was
Reelected vice-prcsidcnt and the follow
inc Board of Directors was %electe1.
H. +. Newcomer, DIT ID. w. Lassiter,
Fired w. Scott. warren @. Elliott,
Nlchaol Jenkins.
Mr.. W. r. Jones was reelected secrc-
tar and treasurer and the old executive
department reelected.
pETEESBURGS ANNUAL MEETING
The Stockholders OF the Petersburg
Railroad Company held their annual
meeting yesterday at the offices Of the
comuany i this city.
Tho report of the President and Board
o. Directors of the company was sub
uitted hy President Warren q. Elliott,
and gave a gratifying statement OF the
condition OF tho cOmpany's affairs ana
that fits business was satisfactorily COM
Quoted during the year ending june SO,
loE. Tho report showed the following;
Gross receipts from trans
p|0rtation were ............. S6001i5 93
Operating expenses and taxes. $3l2.t92 81
Leaving n net balance OF ..... 2A5.953 ID
Nr. Warren S Elliott was reelected
President. and Mr.. H.. Walters Vice
President. Tho following directors were
re-elected: DIT. ID. w.. Lossitcr. TT.
Walters. b. H. Newcomer, Fred w
Scott. Michael Jenkins.
Afr. w. r. Jones was reelected score
tary and treasurer. and the same eNecu-
live department reelected.
R. II. AND p. MEETING.
The siXty-siXth annual meeting Of the
stockholders Of the Richmond. Fredcricks-
burg Do Potomac railroad was held yes
terday morning at lO O'Clock at me COM
pany's offices.
Judge w.. J. Le8ze occupied the chair
and presided over the meeting, and Mr.
j b.. Winston was elected secretary. 4
quorum having been reported present by
rho committee ON p:oXles, the regular
business before the meeting was trans
acted Boo order. OF this the report of the
president and directors for the year end
fnr June go. lsoS. proved TO be of the
most interest. The report shows the fol-
lowing statement:
Revenue
From OBSERVATION-DISCLOSURES 40 90
From other 9,U9 oS
w S0975o "a
Operating expenses G%noluding
deGc.t of leased lines).."..... 469.Jo1 =
Net income ...........~-...S5lo2i3 %
Interest ON funded debt........S $685. 81
Guaranteed dividends .......... Stg5l %
sa.ssiw
Dividends ON common stock
and dividend obligations, per
cout...... ...... ...... .........&o'sZo %
sea.2oo 90
Surplus for che year..""-....$ 6,0j %
Compared with the previous
year the increase is:
Gross ...... ...... ................S vo,ot' %
Net ...... ...... ..................3 t.oo- "
The revenue from passenger trains was
sgSS25.C2. am increase of 6.2 per cent;
THAT from frc.ght trains was $3S2, 5000.
an increase OF 1N per cent.
Tho revenue from freight trains rs the
largest in the history of the COMPANY
tho ton mileage having been ten per
cent greater than Tor amy previous year.
II was earned at the average rate OF
lm cents per ton per milo. The aver
age rate per passenger mile was 10
cents. The passenger business Includes
the transportation of about 500 soldiers.
There are ample funds for The payment
IN July. 1899 of Che Z per e debt Of
gs0.So3 90 then maturing.
Tho interest Of the State Of Virginia now
amounts to Si6l,So0, upon which the divi-
dends paid this year were >a-ih Her
tTNHIfHN ANA fIaNlfE AAIAfAN NNI f~H"-N AA
return for which she has received cash
dfyidenls Of $3.50. G5 and her holding is
now worth some $4,000 at the present
market prices. Her profits. therefore.
have averaged. for the period Of sixty
two years OF the operation or the road
SIS pes cent. per annum.
The presidents report showed that the
Yoad and property have been carefully
maintained and the company's affairs in
a satisfactory and fourishins condition.
All tho old officers were reelected as
follows
Major =. r.. ID. Myers. president. Board
Of Directors-Mcsscs e.. +. Newcomer.
Ill. Walters. W.. j.. Leake. Charles
Chaunccy on the part Of the individual
ktockholacrs. aud Hon }. Taylor Ellyson
was announced as director on tho part OF
the State.
RAILROAD EARNINGS.
Georgia and Alabama railway, for the
Second week IN November.
1895 1897 Inc.
Mileage. ass as
Week ending Nov
ember 18th .......S2 .2S s25,5s5 s27Ss
Two weeks ending
November 18th 49,. 52.Sl 500 ls4l