Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1840-01-16
POR PRESIDENT.
WILLIAM HENRY HARRISON,
OF OHIO.
FOR VICE PRESIDENT,
JOHN TYLER,
OF VIRGINIA.
Election In .N,ocembsr, 1910.
BALTIMORE & OHIO RAIL ROAD.
Election In .Nosembsr, 1910.

BALIIMOIE ~ OtllO NAIL hohb'
In accordance with the provisions Of the charter,
the President and Directors Of the Baltimore and
Ohio Rail Road Company have submitted to the
stockholders, their thirteenth annual Report; and
a. some of the contents thereof possess general In
teresf, wo shall transcribe ihem--the Report being
too long to inseI, in our paper.
The Report states that the transactions OF the
Company prove a growing increase OF receipts over
expenditures. Al tho close Of the year 1883, the
receipts exceeded the expenditures but 81 ,00o:-
on the 30th Of September last, the excess was up
wards of $27, 900.
1t 10 also stated that during tho past year. the
motive power of tho Company has been increased
by the addition of nine new Engines-hv of which
are now on the Road. During tho same period,
contracts have been made for new Passenger Cars,
10 be delivered in February or March next; and
thirty.two /" single house cars each calculated to
contain 25 barrels of flour, have been added to the
main stem and many of the platform cars fitted
up for the transportation Of -four.
During the year ending on the 30th Of sePtem'
Der last, 2G4, 033 barrels of -four were brought to
Baltimore-being an excess OF l2i 52l barrels over
the number received the preceding year. Since
the 30ih OF Sertembcr and up TO the 20th Of Decem-
Der, 90, go barrels were brought to Baltimore I:
90, 1889 in the month Of OSiober; 40, 345 in Novem-
Der and 29, 436 from the lst to the 2lst ult.
Flour is one 1.-THE most important articles carried
on the Railway and yet the Report states that The
loss to the Company on its transportation is "little
-. L.. ,.o ,a,,. 400, 500 An. ,,;l. N-Iha char.
ter allows the Company to charge bat 4 cents per
ton, whereas the real cost is known to be nearly 6
cents: hence the loss. This is unfair. Such a
price should be allowed, as that there would be no
expenditure Of the capital Of the stockholders, nor
of the revenue derived from other sources.
The Report then states that the location Of the
Road west Of Cumberland has been suspended
owing to the embarrassment in pecuniary affairs.
All tho sections between Cumberland and the Fer
ny, with the exception Of the one Immediately adj
joining the latter place, were placed under contract
last summer. These sections have been let out al
prices no, exceeding the estimates of the Engineers,
Z" to contractors who. as a body, are believed to be
fully competent to comply with their engagements,
and upon stipulatiors exempting the company from
damages, in case of an Interruption in the work for
the want Of means 10 prosecute it," Operations OF
these contracts were commenced in September.
We quote the Report: " During the existing diff
hculties in the money market, and under the uncer
faint, of advantageously ~dispcsing Of the State and
city stock, it has been the policy of the Board tt C
cir ,umsc. ibe the work of the contractors, and sub
nit to a moderate but steady prosecution Of lhei
enterprise, rather than, by advancing too rapidly, tt
incur the necessity OF sacrificing the means at lhei
command.
"The force at present employe ed, however. a
mounts to LADS men, aud 466 horses, and up IL
the LIST ultimo, the work actually done amounted Il
$I85, $50, leaving to be done the estimated amount
of : 1873 ,298. Many of the light sections remain
untouched but all the heavy parts Of the work are
progressing with good speed, under judicious and
energetic management.
"The completion of the work must, of course.
depend upon the energy and rapidity with which
the means of the company will enable the board to
push it forward; and these again depend chiefly
upon the state of the money market. But at the
rate at which the graduation, masonry and br'dg-
ing are now prog essing, should the means OF the
board enable it to procure the materials for the
track, and prosecute the work with spirit during
the mex, year, the road may and ought to be com
pleted and in use to Cumberland in the year 1922