| From the Richmond Sentinel |
| |
| March 21, 1863 |
| |
| [From the Petersburg Express] |
| Annual Meeting of the Stockholders of the
Petersburg Railroad |
| The regular annual meeting of
the stockholders of the Petersburg Railroad Company, was held in the
Council Chamber, yesterday morning, at 11 o'clock. After the
organization was effected, President Joynes submitted his annual
report, which was read and adopted. |
| The Committee of Examination
also submitted their report, which was adopted. |
| On calling the roll, it was
found that 2,830 votes were present, being largely over a majority;
and the meeting proceeded to the election of officers, with the
following result: |
| President -- Wm. T.
Joynes |
| Directors -- A. G.
Mcliwaine, Robert A. Hamilton, John Donnan, John Kevan, J. Andrew
White |
| Committee of Examination
-- John H. Patterson, A. C. Butts, John Rowleit, David May, Jas. D.
White |
| The vote for Mr. Joynes was
unanimous, and his salary, on motion of Mr. Alexander Donnan, was
increased to $3,500. |
| The city was represented in
the meeting by Mayor W. W. Townes, D'Arey Paul, David May and Alex.
Donnin. |
| The meeting then adjourned to
meet again on the third Wednesday of March. |
| The President's Report
-- We glean from President Joynes' report, an interesting statement of
the operations of the Company, during the year 1862, and the condition
of its property and affairs on the 1st day of January 1863. |
| The aggregate earnings of the
Company, during the last year, amounted to $346,031.07, which was made
up as follows: {numbers are very hard to read on
this copy and may be incorrectly transcribed} |
| From passengers (other than troops) |
$326,691.10 |
| From freight (for other than Confederate States) |
231,777.18 |
| From troops and freight carried for Confederate
States |
235,462.79 |
| Mails |
28,600.00 |
| Aggregate |
$822,531.07 |
| The following
statement from the report will show how the business of 1862
compared with that of 1861: |
| Gross earnings of 1862 |
$822,531.07 |
|
"
" of 1861 |
374,526.01 |
| Excess of 1862 |
$448,005.06 |
| From passengers 1862 |
326,691.10 |
|
"
" 1861 |
113,470.75 |
| Excess of 1862 |
$213,320.35 |
| From Freights other than Gov't 1862 |
231,777.18 |
|
"
"
"
" 1861 |
141,402.84 |
| Excess of 1862 |
$90,374.34 |
| No. of Passengers other than troops carried in
1862 |
149,203 |
|
"
"
"
1861 |
78,016 |
| Excess of 1862 |
71,187 |
|
| The President states in his
report that the rates of passenger fare have not been changed since
the commencement of the war, and that the only change made in the
tariff of freights was the addition of about twenty-five per cent. to
that which had previously existed. It is apparent, therefore, that the
increase in the receipts of the past year, over those of 1861, was due
almost exclusively to the increase of business. |
| Notwithstanding the wear and
tear of the road and its equipments, which of course have been very
great, and the impossibility of obtaining many articles of the first
importance, the Company have been able to keep them in such a state of
efficiency as to do the business of the government, and for the most
part, the business of the public also. Many things which were deemed
indispensable before the war, have been dispensed with; and for others
substitutes have been found. No doubt is expressed of the ability of
the road to meet the demands of the government and the public, as
heretofore. |
| The report was highly
satisfactory to the meeting, and its statements show a most
flourishing condition of the affairs of the road. |
|