Daily press. [volume] (Newport News, Va.) 1896-current, 1898-11-22
VIRGINIA RAILROADS.
annual Meetings Held by the r. & r.,
petersburg. and r., F. & p. r. RS.
tBy Telegraph.

4 y L
PETERSBURG and r., F. & p. r. r
SBy telegraph,
| RICHMOND VA. Nov u --rba -,
nual meeting of the stoc,s bo,a.rs - 81
fStehinond e Petersburg Railroad wa
| heio mere today. The report of the vice
president and board of directors for N
year ending Novembes. list, 1898. wa
submitted and contained a s,,,an,o,,
showing the business done for tho rs
eai year ending JUNG 3oth. 1895 ,s e,,
lows: KS i'
a.. Gross receipts from TRANSFORMATION
soos TO- - operat ting expenses ana taxes
eeiVed for rent ana interest &C a., o.
net revenue. $3.50. 1855: interes, ''', W.,
bonded debt, 1874, 1890: dividenas x-1 ~
31.G4 surplus, Sad.
Alexander Hamilton was elected nros
~ ZEN OF me company to succeed RI,
.'.e rec X Scott II. Walters was re.
~ s;,',,,N ~ es!deht and th. old board
u directors was reelected.
". G. ELLIOTT RE-E,11.e
ne stockholders of the Petersh,,ro
~, 40 company held their ann,,nI
,,.st,i1, mere today. The report Of tn,
IA,
@PIi'hany showed the following: y wy
Gfoss receipts from TRANSFORMATIONS
sP.V' 80 operating EXPENSES ma
5aNsS. 81 'a2.S1. leaving a NOT h,,,,,,a
II VS. ,93S12 Warren G. Eliot wns 70
s,sslsa president ana H. Walters yjce-
- =: e Es, Inc following directors ve,..
Ta e'.rsso; p w. I,asster. Henry
scott. Michael Jenl,ins. W.
x: r. q p STOCKHOLDERS MEET
ne siXty-siSth annual rncetinr nf ~
5eockholdcrs of the Richmond t,r.,,ar
'As'pufS ~ Fotomac Railroad was bala
iefe To-Day. The report Of the ,,rosilnn,
;, ana gre directors for the year ending 1unn
y; le's. showed the following:
heNehhe for transportation s717o -o7
81: from other sources. o.oe5 oS. ~,
1919. COL; operating expenses [i,' ,Iu'''
nE deticit or leased Iines). $500 :,o7 -.
net income, $31o.243.o6; Interest," On r,,nd
I'd debt. SG6.452.5o: guaranteed di,i
lends. S@i@3l.50: total. sol. asi 90 NJ
,dsnds on common stock and divlded
~ u at per cent, sl57, 80. total
- ..o',9o: surplus for the year. SCI or
-; net. 50, 49, The revenue from
MESSENGER ..aa trains was s3Ss, 2i5.G2 an in
srease OF 2.22 per cent: that from
reight trains was 1882. 4SO. o7. an Increase
u 2l;s Per cent. The revenue from
felght trains is the largest in the his
DRY OF the company, the total mileage
oaFlne been ten per cent greater ,h1n
or any previous year. There are arnpl..
unds for the payment, in July in 1890
" the I per cent debt Of ssOSO3 then
maturing. All the old officers were rc-
'leeted as follows: President F.. T. n
Viewers; board OF directors. Il. r. New
omer. II. Walters. w. r. Lcal<e. Charles
'hauncey, on the part OF The ilitlividuai
tockhoders. and j. Taylor IIllyson on
he part of State.
:. & P. AND PETERsBTRG MERGE.
INCH MoND, VA. Nov 2l-Thc
stockholders of the Petersburg Railroad
nd Of the Richmond and Petersburg
sailroad met here today and decided 10
consolidate, according to the bill passed
y the last Virginia legislature author
zing SUCH action on the part of Tn,
ompanics, under the name of tho At
antic Coast Line Company Of Virginia
he object of the consolidation is To re-
uce expenses and otherwise ilnp,'ov,
ne conNtion Of the two companies al
airs. 1t is not thought there. will be
ny change in the management Of OK
,uilVc officers, nor in the policy of til,
70 roads.