The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-11-22

Resolution Looking TO This End
Offered i'll Stockholders
Meeting.
THE ROAD is IN FINE SHAPE
Reports Of Officers Arc Crafty.
ing as to Earnings and
Equipments.

1t is not unlikely that some early
move may be made looking to procuring
{ q new charter for the Richmond, Fred
acflcksburg and Potomac Railroad a res
olution calling upon the management TO
consider this proposition having ,been
offered at the annual meeting OF the
stockholders on yesterday by Judge a.
i. Holiday, one of tho states proxies,
and referred to the president and dircc-i
tors for their consideration. Judge Holla-
day desired the paper to take this course,
and 1t, therefore, provoked no discussion.
Tho meeting was held at the offices of,
INC company, ana was In many respects
quite Interesting. z
man. the. annual reports'of President Il.
T. y. Meyers and General Manager W.
D. Duke were read and ordered spread
on the minutes. Especially interesting
= as Mr.. Dukes rcport which gave the
following gratifying statement:
Cross earnings 1ats-oi $1,53oo, ss3e 80;
1fo2os. sl.s3s,9o'.G7; increase, slsB, 42771;
1871 per cent. Transportation. 10000, ST.
Qel,501o6: 19d2-'n, s94052l.s9; Increase $780,
919.1I; So per cent. Operating expenses,
19l3-'0l, GIL per cent; 190a-03. 7O2 per
cent. Net earnings from characterization,
1so3-.ot, s5fOss1.32: 1920, 1906, 3s2 IS; in
crease, +l0e,44s.54; 2o1 per cent.
Officers Praised.
In his report. Major Myers spoke Of
tho great difficulties under which the
Richmond. Fredericksburg and Potomac
had Tailored by reason of the wholly in
and passenger coaches at Washington.
This difficulty Will be largely obvlated
as soon az the new yards now In course
d OF construction at Alexandria are COM
pleted. These yards will have over forty
miles OF ira ok, and will be operated by
the most improved gravity system.
The Sout herll, Seaboard. Atlantic Coast
Line, Pennsylvania, Baltimore and Ohio
and Richmond. Fredericksburg and Po-
Etomac will mako up their freight ira lns
lin these yards, which will be under the
agement and direction OF the Rich-f
1nond, fredericksburg and Potomac.
Judge. IA T.. Holiday and Messrs.r p. T.
( c. Scott. ] ohm e, Broaddus and a. n.
Tyler were present as state proxies s., III
addition to those stockholders who were
present In their own right y,
A resolution commenting the capable
and successful Management Of Major
Myers was unanimously passed.
Officers EleCleQ.
Following is the resolution offered by
t:Resolyed, Tkat the stockholders desire
to express their cordial approval OF the
vast improvements which have been made
in double m cRlng the ra'rGan III 't
shops. and also to express their high APP
probation of the unceasing labors Of tn e
president Ma5or F. y Srp. mmn
Major r. H.. d. Myers was unanimously
reelected president, and the following
directors wsre H1ecsed On the part @ 'e
tp (;Iorge W Stevens. Samuel Spencer,
N. S. Medium and W.. Leake MI
j. Taylor Ellyson was anneunced as SO, a.
After service Of ffty-slx, years, as sec
retary-treasurer OF the Riehmona ;,,a are :,
ties OF The office. The board OF 5directors,
at the meeting Yesterday rel4 V ntY <, nc
Mas appointed BY the board to m the
9,caltcv created blythe resignation OF .
Mr.. Winston.
Major Myers's Report.
Following Is the report OF President
5 For Of information as to traffic transpor-
Interest
Following is an interesting table. Sc
4 4. 3 ( E,
Gross earnings from transportation.
Operating expenses 4
Net earnings. \. -, :
Inceme from other sources. v,
i.S Total income. 80. ~.
Deduct fixed charges q. e Interest on
3.S bonds and guaranteed divdends) ,...,.
From-whicl deduct dividends on common
stock dividend Obligations.
EXTRAORDINARY expenditures paid out Of
income. viz:
!. New shops, machinery and cars ~. -.
This company's proportion OF expenses
Of connection road in Richmond ~. <. !
\. A balance for surplus for the year. -. !,