The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-11-21
PRESIDENT WHITE AND +.
OLD BOARD REELECTED
Annual Meeting OF H., F. a p. Rail
road Stockholders Held Here
Yesterday.
HEAR PRESIDENTS REPORT
Mr.. White Details Negotiations Lead
ing Up to Adjustment of West End
situation With City-Big Increase in
Operating Revenues

William H white was reelected
president Of the Richmond. Fredericks-
burg and Potomac Railroad at the an
nual meeting of the stockholders held
At the office Of the company in the
First National Bank building yester-
day All Of the old board OF directors
were elected, as fellows W Hara-
han. Norfolk. L!lhurn T Myers Rich
mond; Samuel Pea, Philadelphia
George W Stevens Richmond; Henry
walters, New York; william Il White,
Richmond; Daniel willard. Baltimore
]. Taylor Ellyson u director by ap-
po!ntmert Of the State
Makes Annual Report
President White made hts annual
report TO the meeting. which was read
and approved. He stated that the road
had enjoyed a period OF prosperity
for the fiscal year just ending, the year
40 . whole revealing an increase in
railway operating revenues over that
Of the preceding one, OF $%17.sSs.so. or
fourteen per cent. The operating ex-
pensSs decreased sl8,s6l1h making
the increase In net revenues from rail-
way operation $4sl.7%o.os. or forty-one
per cent Less all deductions. the net
income for the year showed IN in
crease Of $sss.3ol45. or sixty-two per
cent over last year. Altar charging
against income certain appropriations
essential to carrying out important re-
placement and improvements. 1884,
2o3ll was accredited to pront and
losa. In regard to local improvements,
the report reads. in part. as follows:
After many public hearings and
conferences between the officials of
eais COMPANY and the public authort-
ties. an agreement was reached with
the city OF Richmond embodied IN an
ordinance OF the said city approved
May 10, 1915. whereby this company
dedicated to the city q right OF way
and easement for the extension OF
Monument Avenue across the tracks
Of this company's James River branch,
the lowering OF those tracks from Acca
to Cary-Strest Road to . maximum de-
precision Of sixteen feet below their
present grades. and the construction
Of concrete overhead bridges to ac-
commodate the crossing Of Monument,
Patterson and Grove Avenues and
Broad Street II 10 also part Of the
agreement that ehe company IL 70
pay all the expenses incident TO the
doing Of the said work but reserves
the right to institute legal proceedings
against the city OF Richmond when
said work shall have been completed
and said expenses paid. 20 recover
provement This reservation grows
cut Of the Interpretation by the COM
pany's general counsel Of the laws of
Virginia applies BILE to the subject.
For several years past the officers
and directors OF the company have
been giving exhaustive and painstsk-
ing thought TO problem 81 providing
adequate Joint passenger terminal Ia
c!li.ies OF this company and the At
lsntic Coast Line In the city Of Rich
mead During the year marked prog
ress has been made. and II Is now con-
nden.ly thought TIA. a solution has
been reached with thu facilities they
so urgently need but will prove high
~ gratifying TO the community and
travelling public. Numerous confer
erces have been held by the officers
Of this company with those Of the At
lantic Coast Line. as we'll as with com
mittees representing various CONNER
cial bodies OF the city. Public hear
inEs have been attended and thu vary
ing public opinion carefully consid-
cred. As a result the boards of d!-
rectors OF tho two companies formally
DESIGNATED as . site for the passenger
terminal the property on West Broad
Street belonging to this company and
known as the Hermitage. or old fair
grounds. and determined on the forma-
ton Of terminal railway company
TO acquire ssA, Hermitage property and
construct and maintain adequate
tracks and passenger terminal facili-
ties thereon. Accordingly charter
was obtained on May II. 1919. for the
Richmond Terminal Railway Company
and that company duly organised"