The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-11-16
COAL ROAD AS
FARM DEVELOPER
VIRGINIA AND SOUTHWESTERN
MAKING MOST OF ITS or
PoRTUNITIEs.
IS NJ AKING MON E 7
PRESIDENT FINLEY OUTLINES
POLICY THAT HAS PROVEN
sUCCEssFUL-FIGUR FROM
BALANCE SHEET.
IS MAKING NONE Y

In the annual report Of the Virginia
and Southwestern railway company.
which ia one of the Southern railways
subsidiaries, President w w. Finley
says:
while by far the greater part of
the company's freight traffic is made
up OF the products of mines conditions
in the territory traversed by its lines
are favorable for n larger development
Of din srsified farming. including the
raising of live stock and the growing
OF fruits and vegetables. The COM
pany. through its department Of farm
Improvement work, live stock and
dairy and poultry agents, is aiding in
bringing this about. In much of the
territory conditions are particularly
| favorable for the raising OF cattle. and
special efforts are being made to en-
courage the development Of this indus
try The growing of tobacco is in
creasing, and apple orchards are being
planted in localities best suited to that
fruit.
Employed Market Agents.
"On January 1st, 1919, the company
and other railway companies associted
with 1t employed four market agents
to cooperate with producers of agrt-
cultural and horticultural products
In the territory eraversed by their lines
for the successful marketing of their
products. These market agents Meth
er buy nor sell II is their duty to
bring market opportunities to the at
tention of producers, to advise as to
/ the best methods of packing and ship
! ping and to bring the Products Ia
territory to the attention of buyers,
/ Their work IS proving to be substan-
TALLY helpful"
/ Concerning the improvements and
betterments made during the year, the
report says that the Laurel Fork rail
way. which has been in operation
hfrom Elizahethton to Hampton. Tenn.
/ has been extended nine miles to La
| ban. Tenn. opening up large areas, OF
timber from which 1t is expected
timber from which IT Is expected that
the company will receive an increase
/ Of traffic. There has been an increase
4 in the tonnage of forest pro-
ducts, and substantial developments
| have been made at coal Opera tons.
New combination stations have been
erected at Francisco. Stony Point and
/ McClouds, Tenn. and Jasper. Va. and
a new station OF the same character
is now being built at Mendoza. Va
Extensive repairs were made to freight
and passenger stations and their IA
cilities. There were 3.oo4 feet of tres
ties and 275 bents renewed in fifty
trestie structures while thirtyfouF
bents were renewed with creoaoted pill
ing. AT Maness Va. two new fifty
foot deck girded spans, 1.-TWO concrete
abutments and one concrete pier were
completed and AIS feet OF trestles were
filed In. Other improvements includ-
ed new stock pens. new seetion-houses
new engine pit, etc.
The income statement for the year
which ended June 30th, 1913, shows
gross operating revenue si,S06, 626, in
crease as compared with the next pre-
ceding year S4S,702 total operating
expenses s1,254.2sS. Increase Sill. 545
net operating revenue s5b2,S5s, de-
crease $50 ,s43: operating income after
taxes s4T9,osT, decrease s75,s 54;; to-
tai gross income s729.744. increase
s52,360; total available income after
deductions $6S4.97s. increase $685.
balance OF income over charges S3l4,'
500, increase s47.7S7; balance carried
to credit of profit and loss ssi3.42s
increase s49.735.s
The increase Of s12s.215 In othel
icome was owing principally to larger
receipts per diem rental for the uss
of the eompany's freight train cars
on other lines
The general baiance-sheet shows
total assets s1I,091, 44s. of which So.
4ae, 30S represents the net value of th'
road and equipment
iPROGR ESS