AR, R&YR 10/1/1867 P

Annual Report of the Richmond & York River RR
as of October 1, 1867,
President's Report
 
President's Report
 
Office of Richmond & York River Railroad Company
Richmond, October 1st, 1867
 
To the Stockholders
 
Gentlemen,
   The last annual report, which your directory had the honor to submit for your consideration, was that  for the fiscal year ending September 30th, 1864. You were then informed, that all the rails belonging to your road, except about two miles near this terminal point, had been taken up and removed by the then contending military forces of the United States and the Confederate States; and that nearly all your rolling stock had been sent south of Petersburg, and was then being run on southern roads, mostly between Wilmington and Weldon, and almost exclusively in the service of the military authorities of the Confederate States, and in transporting supplies for the state of Virginia; and so all transportation on your road of freight and passengers was at once discontinued, and not again resumed during the continuance of the war. A small force of negroes with an overseer were, for a short time, continued at work, grading the depot lots in this city, but being impressed by military authority to work on fortifications, the whole line of your road was then abandoned, and no work whatever resumed thereon during the war.
   This total abandonment occurred in October, 1864, and shortly thereafter so much of your rolling stock as had not been theretofore transferred to other roads, consisting of four passenger coaches, a baggage car and an engine called the Chickahominy, which was abandoned by the United States military forces when they changed their base of operations, from the line of this road to the James River, and taken possession of by this company and afterwards recaptured by the United States military authorities, was rented, along with a portion of the rolling stock, which was at that time running between Greensborough and Wilmington, and consisting of an old engine called the Mattaponi, and some freight cars, to the Richmond & Danville and Piedmont Railroad Companies, and thereafter, until the surrender of General Lee's army, the operations of your company were confined to the running of the engine York, one baggage coach and a train of freight cars from Greensborough to points in North Carolina, and mostly for and on account of the state of Virginia, in transporting supplies for the people of those parts of the state which had been rendered destitute by the operations of the United States military forces. This is all that it is now deemed necessary to state in regard to the condition and operations of your company for the first six months of the fiscal year, commencing on the 1st of October, 1864.
   The fall of Richmond occurred about the end of the first half of the eleventh fiscal year of your corporate existence. This annual report will therefore necessarily include all the operations of your company from that date, say the 4th of April, 1864 {should be 1865}, to this the 30th of September, 1867, the close of your thirteenth fiscal year.
   The day before the fall of Richmond city the writer of this had gone to the county of King and Queen on a brief visit to his family, and did not find it altogether convenient to return to his family, and did not find it altogether convenient to return until the 19th of the month (April). The day after reaching the city, he repaired to this depot of your company, and found it occupied by Capt. Comstock, post quarter-master, and his clerks, who had been placed in charge of the building by Capt. Blood, then acting quartermaster of the army of the James. On going over the building, it was found that the fire proof vault and iron safe had been opened and rifled of all their valuable contents, the books, records, vouchers and other valuable papers of the company had been either carried off, destroyed or so mutilated and defaced as to be of little or no value. The same was found to be the case with the private papers, clothing and other property of the undersigned, whose office and lodging rooms had been in this building.
   The building remained in the possession of the quarter-master's department for many months, and was not surrendered without considerable difficulty, and not till it was absolutely required for conducting the business of your company.
   At this point in the history of your company, difficulties of a most serious and embarrassing character presented themselves for consideration. The rails from the track of your road, except about two miles, had been carried off and placed beyond the control of your company; all the depot buildings, bridges, wharves, and other destructible property of your company along the line of your road, from a point some few miles out of Richmond to West Point, and at that place, had been utterly destroyed.
   The road-bed, one-third of which being that part of it lying between West Point and White House, had been abandoned for more than two years, and the remaining two-thirds, since July and August 1863, had been so much damaged by the washing away of its embankments and other portions of the bed of the road, the filling in of its cuts and ditches, and the partial destruction of some of its culverts, that a very large sum of money would be required to put it in order to receive a new superstructure and the running of trains. 
   That portion of your rolling stock which had not fallen into the hands of the military authorities of the United States, or been destroyed by them, or by accident, was so much worn and dilapidated by the long continued service to which it had been subjected, as to render it, with a few exceptions, almost wholly useless, and in some instances, nearly valueless except as old material. Can a worse condition of things, short of the utter annihilation of its corporate existence, be imagined, than was then presented by your company? But these were not all the difficulties that then stared us in the face, and invited our consideration. We had to make some arrangements to retire or meet the interest accruing on a debt of three hundred and forty-seven thousand dollars, bearing interest at the rate of eight per cent. per annum, and secured by the then first mortgage on the then remaining property and effects of the company, consisting of its franchises, depot buildings at Richmond, real estate, a dilapidated and long abandoned road bed, and not quite two hundred tons of rails of comparatively little value, some few thousand dollars in value of worn out and dilapidated equipments, and some cotton purchased during the war and then in the interior of Georgia, and which was subsequently sold, netting about $29,000. *****
   Respectfully submitted on behalf of the Board of Directors.
By Alex. Dudley
President

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