Year: 1868

]


As before stated the income of the year past
ending 3Oth September, 1868 Is, SoZI,'2' 81
Current expenses for same time, a.


and interest account paid, I9i,loo 70
Leaving balance of income over


expenses and interest, the sum OF, S33, ,59I 63
But of the sum earned and properly classed
as income, so much as was due from the Adams
Express company, has been applied IN payment
Of the debt formerly contracted to that COM
paDy, and a large part Of the sum due from the
United States for transportation OF mails has
has gone to the credit OF the debt due Tor pur-
chases of rolling stock in 1868. The exhibit
will be free of these drawbacks another year.


THE MANASSAS BRANCH.


am happy to be able to report the advanced
progress of this work, and its near approach to
completion to Harrisonburg. The track has
been laid to a point about five miles distant
from the terminus, and will be closed according
to the calculation of the Chief Engineer by the
middle of December. The rails and cross tie
have been purchased, and for most part re.
ceived, and no material distractions now exist
in the way of finishing the road as above. Inc
necessary depot accommodation has been al
ready provided or is in progress OF preparation
and some additional rolling stock has been Sc
cured to meet the increase OF transportation
anticipated by the opening OF the line TO Har-
risonburg. In view of the limited ability Of
the company, and the depressed condition OF
the country the company has reason TOR con-
graduation upon the successful result OF their
efforts in the reconstruction and completion OF
this valuable line Of communication between
Alexandria and the great producing region OF
the Valley of Virginia. The task was not a
light one considering all the surroundings, but
it has been accomplished.


LYNCHBURa AND DANVILLE RAILROAD.
The Importance Of the construction OF this
work to YOUR interests was brought to the at
tention of the stockholders at the last annual
meeting. As an extension OF your line, Its
value cannot be we'll overestlmated, nor Will
the proper destiny of the Orange, Alexandra
and Manassas Railroad be fulfilled or its per-
feet independence secured until this link IN the
chain of North and South railway inter-com-
munication shall have been supplied When
constructed it will afford the railroads OF Cen
trail and Western North Carolina the most
direct transit for their trade and travel to the
principal commercial cities of the North, and
give to the great tobacco producing and manu-
featuring interest the nearest route to the
best markets of the country. The proposed
road penetrates a section OF Virginia not now
supplied with railway facilities and capable OF
furnishing valuable local business. The local
community unaided cannot construct the road
with its own means, and is solicitous to obtain the
assistance of this company to the object. How
this can be afforded at present, IN view OF the
existing financial condition OF the company,
and the liabilities incurred in the heavy under
taking of constructing the Manassas road, Us not
apparent to the present management OF It's
affairs. But as far as the ability OF the com.
pany would admit, the object is recommended
as entitled to its aid and support.


1t may not be inappropriate to call your at
tention in conclusion to the magnitude OF the
proportions which your property has asSum-
ed, and to its extended line of railroad now
owned and operated by this corporation since
the acquisition and construction of the Manas-
sas branch Including the section OF twenty
miles of the Chesapeake and Ohio railroad,
operated by contract between GordonSvllle and
Charlottesville your trains traverse daily about
300 miles of continuous railway through the
most productive agricultural sections OF the
State. The company possesses IN fact at pres
ent more miles of completed railroad than
any similar corporation in Virginia. Upon
such basis largo future business may be an
ticipated the beneficial results OF which must
| extend to all interests and classes of the COM
munity


Respectfully submitted on behalf OF the
Directors, by


j. S. BARBOUR, President.