| From the Richmond Daily Dispatch |
| |
| November 27, 1861 |
|
| Virginia Central Railroad |
| The gross receipts of this
company for the fiscal year ending September 30, 1861, are
$656,406.93, as follows! From passengers, $366,084.08; from freight,
$245,582.28; from express freight, $17,467.57; from mail
transportation, $23,775.12; from other sources, $3,497.94. The
expenses of administration during the year are $278,537.69--leaving a
balance of nett revenue of $377,869.81. The earnings of the road are
$22,323.62 more than the previous year, which the expenses have
increased $3,582.99. The gross revenue of the company for the last
year is the largest ever received, but there will not be as much
profit as in former years, it being the result of a large increase of
transportation for the Government, at low rates, whilst there has been
great damage to the rolling stock and the superstructure of the road. |
| The Board of Directors have
thought it prudent, in the present condition of the country, to limit
the dividend this fall to 3 per cent., by which course it is probable
that the regular payment of dividends sem-annually here after will not
be interrupted. The President of the Company, in his annual report,
from which we have gleaned these facts, regards the result of the
year's operations as favorable, considering all the circumstances. The
surplus on hand September 30th, after paying regular annual charges on
the company, was $224,518.70. |
| There is but little to do
towards completing the last section of the road between Jackson's
River Depot and Covington. The last of the rails
necessary for the purpose was received before the Lincoln blockade was
determined on, the grading is completed, and the ties are ready. The
principal difficulty now in the way, is to get the trains of the
company released from the necessary demands of the Government
transportation, so as to be able to carry up the iron. The completion
of the Covington and Ohio Railroad is now an important consideration,
not only to the State, out to the whole Confederacy, and the report
before us calls the attention of Congress to the subject, expressing
the hope that some action will be taken by that body, if it has the
power. It is assumed that if this road had been completed, the enemy
would never have gotten possession of the Kanawha Valley, and that
Kentucky would now be identified with Virginia in the struggle for
Southern independence. |
| The annual meeting of
stockholders of the Central Railroad Company will be held in this city
to morrow evening. |
|