Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1827-10-10
that in the dry season must be carefully sought
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rents
From the B ltimore Patriot.
FIRST ANNUAL. REPORT

BALTIMORE AND OHIO RAIL ROAD COMPANY.
The Directors of the Baltimore and Otio
Rail Road Company, in conformity with the
provisions Of their charter, submit 10 the first
general meeting lof he stockholders, state-
menl OF The Affairs OF the company, and Of the
means they are pursuing in order to carry into
effect the importan, object for which this corpo-
ration has been Instituted
In accepting the trust, with which they have
been invested, the board were aware Of the deep
responsibility that would devolve upon them.
They were fully appraised Of the high expect
alton which their constituents had formed Of
The results Of this undertaking, and well ac-
qnain,ed with the general impression, that no.
thing would be required to ensure its success,
bn, judicious application of the means at the
disposal OF The company. They could not
therefore be inseusib!e, that they owed il 10 the
public, TO their constituents and TO themselves,
in the management Of a work involving such
varied and extensive operations, and from which
such important advantages were anticipated,
to proceed with caution, and not endanger the
object bv premature commencement.
They have accordingly been actively engaged
in collecting The necessary information, in or-
der tina, they might secure judicious location
of the road, and te enabled to decide upon the
most efficient, and least expensive, moving pow
er 10 be employed upon it, Much valuable
knowledge upon these points has already been
gained, and the board are constantly collecting
additional facts, which afford mpowan, Illus
trations Of the subject, and greatly strengthen
their confidence of success. They now believe,
that, however, this course Of procedure may
have retarded the commencement, il will en-
sure more early, more economical, and more
certain completion of the work.
The directors have also deemed it of prima-
ry importance, in The first in stance, 10 secure
the services Of an Engineer, upon whose talents
and skill they might safely rely. 1t is their de.
Sire not less than their du,y, 10 obtain the best
professional aid the country will afford, and
they will spare To efforts to engage superin,
tenden, Of the highest character.
The government Of the United States Justly
approaching the importance Of this enterprise,
have extended 10 il mos, liberal patronage.
Several able and efficient members OF the Toe
geographical Corps, have been detached to the
service of the company. These officers have
examined various routes from the city OF Bal,i
more TO the valley OF the Potomac, and along
tina, ra,ine as far as Cumberland. They are
now engaged in a general Reconnaissance Of the
country between the Potomac and Oslo rivers
and are expected 10 return in a few weeks, pre-
pared 10 lay before the board the result OF their
abors Ssould chief engineer by tina, time
have beenengaged, the board entertain The hope
that theyswih soon after, be ready TO commence
the actual location & construction OF the road.
The directors take great pleasure Ill &C
knowlcdgiug the general appreciation and
good will with which this enterpri,e is re-
garded throughout ouI country, and partcu-
larly in hose sections Of the wcsl more imme
diately interested in its successfully have
received communications from almost every
district between this city and Ohio, as well as
from many parts of that flOurishing STATE, Civ
ing assurances of a cordial desire to- afford
the company every aid and support. and OF a
general Willingness on the part OF the iandhoid
ers, to relnquish the ground necessary for the
road, free of cost.
In conclusion the board feel high sa'irac.
ton in stating, as the result OF al The inioIma
ton and experience they have yet acquired,
that their confidence in the prac'icabi'i'y OF the
Rail Road remains unaba,ed, aud that they be-
lie,e the most sanguipe calculations OF It's I'M
portance and utility, whether the object be re.
garded with reference to its national and local
advantages, or, its profits TO the stockholders
will be realized.
By order ofthe Board
p Z. THOMAS, President.
R,jIT;nore Isl October 1927.