NP, RS 12/29/1864

From the Richmond Sentinel
 
December 29, 1864
 
Richmond & Danville Railroad Company
   At the late annual meeting of the stockholders, the former President and Directors were re-elected for another year.
   From the reports of the President and Directors, we learn that the total receipts of the road for the year ending the 30th day of September, 1864, were $3,261,628. Of that amount the sum of $2,844,406 constituted the working expenses of the road, and the sum of $917,222 the net earnings.
   The report says that the actual loss on Government business for the first six months of the year was $125,761.95, and the actual working expenses of the road for the first six months, ending the 1st of April, 1864, exceeded the entire receipts on Government and private business by $58,705.84. Indeed, the road was worked at a loss to the company until the opening of the Piedmont railroad, about the 1st of June. It was only in the months of June, July, August and September that the net earnings accrued.
   The Piedmont railroad has been in operation since the 1st of June, and had earned about a million and a half of dollars. The receipts upon this road are regularly increasing.
   In a short time, it is believed, the force now at work will complete important arrangements for connections at Danville and Greensboro', and enable the superintendent to run the roads with regularity and efficiency.

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