| From the Richmond Sentinel |
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| December 29, 1864 |
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| 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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