Delaware journal., 1827-10-12
FIRST ANNUAL REPORT


MORE AND ONO RAIL ROAD COMPANY.
The Directors Of the Baltimore and Ohio Rail
Road Company, in conformity with the provisions
of their charter, submit to the first general meeting
of the Stockholders statement OF the affairs OF the
company. and of the means they pursuing in or
der tn carry into effect the important object TOT
which this corporation has been instituted.
In accepting the trust. with which they havel
been invested the board were aware Of the deep re-
sponsbility that would devOve upon them. IheyI
were fully apprsed of the high expectation which
their constituents had formed of the results of this
undertaking. and we'll acquainted with the general
impression that nothing would be required to en-
sure its success, but udicious application ot the
means at the disposal of the company. They could
not therefore be nsensble, that they owed it to the
public, to their constituents and to themselves, in
the management Of a work involving such varied and
extensive operation and from which such important
advantages were anticipated, to proceed with eau
ton, and not endanger the object by premature
commencement.
They have accordingly been actively engaged in
collecting the necessary information, in order tnat
they might secure judicous location OF the road.
and be enabled to decide upon the most efficient
and least expensive, moving power to be employed
upon it. Much valuable knowledge upon thes'
points has already been gained. and the board ar,
constantly collecting additional facts, which afor'
important illustrations of the subject, and great
strengthen their confidence of success. They no>
believe, that, however this course of procedure ma
have reta, ded the commencement, it will ensure
more early. more economical, and more certain con
pletiOn of the work.
The directors have also deemed it of primary im
portaace. in the first instance to secure the service
of an engineer, upon whose talents and skill the
might safely rely. 1t is their desire not less tha
their duty, to obtain the best professional aid tn
country will afford, and they will spare no effort
ff rha cta
The government of the United States justly al
precatinG the Importance of this enterprise has
extended to it most liberal patronage. Sever
able aud efficient members of the Topographic
corps have been detached to the service of the
pany. These officers have examined various rout
from the city of Baltimore to the valley Of the Pot
mac. and along that ravlne as far as Cumberland
They are now engaged in general rcconnosan,
of the country between the Potomac and Ohio rive
and are expected to return ia few weeks, prepare
to lay before the board the result OF their laburs.-
Should chief engineer by that time have bee
engaged, the board entertain the hope, that tn,
will soon after, be ready to commence the actu
location and construction OF theroad.
The directors take great pleasure in acknowled
ing the general appreciation and good will with viii
this enterprise is regarded throughout our c0unr
and particularly in those sections of the west mo
Immediately interested in its success They ha
received communications from almost every d
trict between this city and Ohio. as we'll as fir,
many parts of that fourishing state, giving ass
of a cordial desire to afford the compa
every aid and support ; and of a general wIlinsut
on the part of the landh"lders, to relinquish
ground necessary for the road free of cost.
In conclusion the board feel high satisfaction
stating, as the result of all the information and
perience they have yet acquired, that their col
dence in the practicabilty of the Rail Road rema
unabated. and that they belive the most sansu
calculations Of its Importance and utility, whctl
the object be regarded with reference to its matte
a aud local advantages. or, its profits to the so,
holders will be realized.
BY order of the board,
p. f. THOMAS, President
.PuUi,ore 1sf Ocf0ber 1907