The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-11-19
WHITE IS AGAIN
HEAD OF R..f.&P.
Stockholders in Annual Meeting
Re Elect Richmond Man and
Receive Report.
INCREASE IN REVENUE
Figures SI8S,9I9 Higher Than
Last Year Are Offset by
Costlier Operation.

william Fl. White was reelected
rG esident Of the Richmond. F'redericks-
burg and Potomac Railroad at the an
nual meeting OF stockholders. held in
the Office OF the president at IL o'clock
yesterday morning. The directors were
reelected. and these in turn recap
pointed the entire slate Of officers.
AS the result Of yesterdays action
the management OF the road comprises:
Board of directors-J. Taylor Ellyson.
Richmond: w. w. Finley. Washington.
d. c.: Alexander Hamilton. Petersburg:
W. J. Harahan, Norfolk, and G. w.
Stevens, Richmond.
Omcers-William H. White. presi-
dent; w. d. Duke. assistant to presi-
dent: Norman Call. secretary and assist
ant treasurer; d. X. Kellogg, treasurer
and assistant secretary. A. c. Braxton.
general counsel J. f. Cox. auditor: r. J.
Rouse. purchasing agent; w. p. Taylor,
traffic manager: c. w. Culp. superfn-
tendent transportation; w. +. Knapp.
superintendent motive power, and S. b.
Rice. engineer maintenance OF way.
The First National Bank Of Richmond
was named transfer agent and the
Central Trust Company. Of New York,
registrar Of bonds.
Increase In Revenue.
From the annual report Of the pres
ident 1t appears that total operating
revenues for the fiscal year ending June
80, 1912, show an increase OF $lSS.91e.42.
or 7.9 per cent over the figures OF the
year preceding. An increase of $780,
3SS.71 in operating expenses. however.
reduces the net revenue increase from
operation to only s2.530.71.
About $4,000 Of the increase in
operating expense was charged to
roadway and track during the year.
representing estimated cost Of replac-
ing in kind the original line Of that
portion of the James River branch
which was reconstructed on a change
Of grade and alignment In addition
aged by unusually heavy -ainstGms
pense OF approximately $4,000.
The high price of coal and higher
wage scales granted to employees en-
gagged in the operation Of trains. re-
ported the president. added much to the
increased cost OF operation. As the
result Of a recent compromise with con-
ductors and trainmen, said President
White, the increase IN wages grant,
ed to this class alone adds $4,000 year
ly to the operating expenses OF the
company. In common with the most
advanced roads in America. reported
the president. the Richmond, Fred
ericksburg and Potomac is now paying
the highest wages to railroad men in
the world.
Net Income 454y007.Sl.
The net income OF the road for the
year was $45AO9794. a decrease when
compared with that Of the year before.
Of $52.0S4s5. The usual dividend OF 3
guaranteed stock. and dividend obliga-
lions. The balance Of net income,
$l29,053. 81. was transferred to the pro-
fit account.
Principal expenditures on roadway
and buildings for the year, according
to the report were: On Richmond
shops, .$30,023.43; new freight station
at Richmond. $45.20S.s1: new passenger
station at Rutherglen. $2.747.07: double
tenement house at Acca, $1,S45.30. and
new steel bridge. Chickahominy River.
$2,2s397.
improvements and extensions were
also made on the Ashland and Woods
lane freight depots. and sidings at
Richmond and other statidlA The
work Of installIng an electro-mechanica'
interlocking plant at the north Of Acca
yard, the extension Of the southbound
yard at Acca. and improvements in the
tracks between Acca and Richmond.
are now in progress. The construction
Of q steam track yard near Mckenzie
and Broad Streets, IN this city. Is I'M
der way.