The times. [volume] (Richmond, Va.) 1890-1903, 1901-11-19
NEW MEN PUT in
THE. .R.,F .&P BOARD.
Stevens, Spencer and Viii
liams Are Elected.
THE NEW EXTENSION
Plan for Operating the Washington
Southern ExFl med.
TWO ANNUAL MEETINGS HELD
Stockholders Of the Richmond, Fredericksburg
and Potomac and Atlantic Coast Lile
Receive Reports and Elect Officers.
Good Shelving Made in tue
Financial S1alements-RaiI-
road Notes.
rHE. NEW EXTENSION
TWO ANNUAL MEETINGS HELD

road Notes.
Anrsual meetings Of tho stockholdrs OF
| the Richmond, Fredericksburg and Poto-
| mac and the Atlantic Coast Line Railroad
f,on,,anie held here yesterday brought
to the city many prominent raliEoao men
| and made things busy around the general
Offices at the Byrd-Street Station.
Tho first meeting OF the day was tilat
of the old Board Of Directors OF the AT
,antic Coast Line Railroad Company.
Concluding their work, the directors oL
the Richmond, Fredericksburg ana Toto-
mac were in session dor a. shoi. "iitie'
! preceding the meeting OF the stochiioiuei ..
Lengthy reports were submitted, silo"in7
the roads to be in excellent collditiol, anu
the stockholders were tree III 'hsli 80
| mendation of the management u 'tto a.
fairs of the systems.
In tho evening at the conclusion of the
meetings. the private cars OF PresiosllI
Elliott. oil the Atlantic Coast Line NO.
200: Second Vice-Presidcnt Walters and
Third Vice President c.. 5. Godsen COM
l4osed a special train, leaving mere at 4
O'Clock for Charleston, ;. G.
Among those aboard was J. B DEN
ham, Of the Plant System. There were
no changes in the officials OF either Ioau
! gwen out.
shspges in R., F. and P. Directors.
The Richmond Fredericksburg and 70
| tomac stockholders. in their meeslnS
which convened at II o'clock and conin-
| ued in session until after : O'CLOCK III 'iie
, afternoon. reelected all officers, put III
/ the Board of Directors some chaiSes
were made On the part of the individual
| stockholders, Messrs. w. J. Leake, Geo-
| w Stevens, Samuel Spencer and John
| Shelton Williams were elected directors.
| With the exception of Judge Leake, all
are new members Mr.. j. Taylor Ellysp1
was announced to succeed himself as ci-
rector on the part of the State
WASHINGTON-SOU
| A special report from the Board of p!-
rectocs says: Washlngtoh-Soutne
| Railway Company elected as its pres. dent
Major E. T. D. Myers, present president
of the Richmond Fredericksburg and .Po-
tomac Railroad Company, and tile subor-
| dinates cG this company were chosen or
appointed to like positions OF the Wash
| ington-Southern Railway Company. But
the accounts are kept distinct. The re
sponsibilities of each company, corpo-
| rately. financially and physically, arc in
Guided within the same limits as hereto
fore. Train movement is continuous. but
! the consequent earnings and expenses are
carefully assorted to the two companies.
This line the common servitor of all,
lies wholly within Virginia. In the opln-
ion OF the board. it has its future course
now plainly indicated. That course is to
fit itself with despatch for the increased
work beHore it. In construction and equip
ment, it will be made to take front rank
among the roads of this country It's
alignment will be improved its grades
modified, and construction to those ends
will be for a second track, which, in the
opinion OF the board, must be added
throughout its length at no distant day.
EXHIBIT FOR THE YEAR.
The directors. in their report for the t1s-
| cal year ending June 30th, give this state
ment as to the revenue:
19oO-ls0l Inc. or Dec.
| Gross earnings
from tranSpor-
tation 81. o6s, ,75s As Inc S IS, SOC 80
| Operating expen-
ses ............ Sa5.112 SO Inc. 12s,cs2 50
|
| Net earnings. $2ii,64o - Dec. $40, o0o o
| Income from
other sources. %, 419 s5 Inc. $3.50 o.
Total income. ss9SOG 64 Dec. s41,s56 81
Deduct fixed
charges Ii. e.,
interest on
bonds and
| guaranteed div
idends ........ ss.sos IS Inc. LASS o.
| ------------
ssoa. .257 So Dec. S42, ,ssl IS
! From which de-
| duct dividends
| on @ m m on