| Annual Report of the Richmond &
Petersburg RR |
| as of October 1, 1864, |
| President's Report |
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| Annual Report |
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| The fiscal year of the Company
having, at your last annual meeting, been changed so as to terminate
on the 30th of September of each year, the Board of Directors
respectfully submit to the Stockholder a report of the affairs of the
Company for the past six months. The report of the Superintendent and
accompanying tables exhibit in detail the operations of the road
during the above named period. |
| The receipts have been
$461,758.92, while the expenses have amounted to $314,197.66. From
various causes the settlement of the accounts of the Company for
government service has been delayed. In order, therefore, to place
before you a more correct exhibit of the business of the road, the
Superintendent has also prepared a statement of the actual earnings
and expenses, which shows a very gratifying return, when it is
considered that during the greater portion of the past six months the
enemy have had possession of the Petersburg Railroad, and thus
interrupted all through transportation; and that for the better part
of May and nearly a week in June, our trains were suspended in
consequence of the destruction of the track at several points between
Chester and Swift Creek. |
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There has been no change in the funded debt of the
Company, within the period embraced by this report. The whole amount
is $144,000.
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The great increase in the cost of labor and supplies has
compelled the Board again, very unwillingly, to make a further advance
in the rates of freight for the transportation of coal, in accordance
with our contract with the Clover Hill Railroad Company.
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The report of the Committee of Examination and of the
Superintendent will explain the condition of the roadway and rolling
stock. It is very satisfactory to find that after nearly four years of
hard usage and the many embarrassments attending the management of
railroads, that ours is still in such a state of efficiency. this
furnishes the best evidence of the faithful manner in which the
officer and employees of the Company have performed their duty.
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Signed in behalf of the Board of Directors.
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Charles Ellis
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President
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Richmond, Nov. 29, 1864
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N. B. -- The Superintendent's report and all the accompanying tables
were in manuscript at the time of the great fire on the 3d of April,
1865, and were burned. The foregoing copy of the President's report
was by accident secured.
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