Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1840-10-17
ANNUAL REPORT or THE
PRESIDENT AND DIRECTORS TO THE
STOCKHOLDERS OF THE BALTIMORE AND
ONO RAILROAD COMPANY.

Alta resSiar annual meeting 6f he Stockholders
held. pursuant 10 the Charter. on the second MONDAY
OF October 1910. IN the City Of Baltnhre the Presi
dent and Directors of the Baltimore aud Ohio R,ilroad
Company submitted the following report and statements
ct the ef'rs Of the Company:
FIRsr--Of hs Main Seem ts ns present termination CT
Harper Perry; and Of the Washington Brunch.
Tho sateunent marked A. exhibits the affairs OF the
Company on the 31th ultmo; a.d the ant eI-
peses OF the Nam Stem during The year ending the
same day are shewn by the statement b.
The statements c and d. exhibit tho affairs Of the
'ashingtor Branch on the 30th ultimo and alsp the
revenue and expenses on the road for the year.
ending on that day.
The statements show asteauy inereSee in the
mount Of trade and travel on the Main Stem. and
continued dimInuUn in the cost II Incorporation
The htor. in consequence OF the alteration in the
inclined planes and various other measures. compile
ted and IN progress has been reduced. ~ compared
viii previous years. about one cent per ton. per
mile; aud Il will be seen that the entire expenses
ehargeabe against the revenue since the 30th Sspeu
Der. 1889. are s435 29 80 less than they The
proceeding wear
At the end Of the wear 1872 the operation. Of tho
Nam Stem. IN conneKon with those Of the Wa Shing-
Ton rdaeh. left excess expenditure OF $685.
SD 10. and u will appear that for the year ending
the 3Oth uiirno. the excess amounts TO sl42S2S 20.
oeins ahoui 81 per cent upon the capital Of sa-
100000.
On the 3oh September. 1899. however. there were
outstanding debts sgsir.t the Company--of which
considerable portion had been contracted previous
S3!. amounting in the aggregate to slt4l2S. which
were necessarily to be paid from the balance of 1899.
and from the accrung revenue.
Tho excess Of expenditure beyond the income prior
TO 1888. the heavy annual expense incident 10 the
transportation the inclined planes PARIS Ridge
the dlllpidled and rnRous condton Of the reed and
Of The moving power and machinery generllly-rs-
qn,rHg monthly large expenditure to prevent to-
tai OlSlsucI11 10 the CnmpSny's operaions-tho de-
feciivs condition, and inadequate number Of Water
StIsa7s. L0sono,ires v-hieies and Machinery. Of all
AIN T. have been pointed in the reports Of the las,
three years.
These emhlrrossmenis have engaged the constant
at. ;on Of the iari. and have only been obvated
hy the unavoidable application of tho Comp1ny's
annual resources 20 an amount. independent of The
cost of Reconstruction. exceeding half million Of
collars.
Within the last three years nineteen and halfmcs
of the oa tIacS hivo been reconstructed with a hen
" rail CPoa improved plan. requiring iRcon.id-
cradle amount for repairs; the planes Paris Ridge
have been arrrstod. add adapted IN OF Locomo
tvcs. and The osaiion Of the road has hecn in many
ps!ts changed 90 avoid the difficult and er
pensiNe curyaturos
Nearly tbs entire line of the Main en- which from
the IuaJcqudcy Of the COmpaHys resources could not
be re-eonsIrucod with the improved rai. has been re-
adjusted and thoroughly renovated tie same improve
ncpt Is now making Of the remaining e mIlcs for
which abundant materials arc already provided and
ny tho FIRST OF December next. the whole will no sub
s,anIIdiy renewed. and in a condition OF greater elf
cheney and durability than II any previous period;
though from the dsfectvcness Of the original plan Of
construction must continue liable heavier ropas
than improved roads.
The Old iVIteT Stations also have been recon.rue-
tel or repaired. and in gopd order SiI now
stations have been constructed and three others are
ruCting Of which are nearly finished and ma.
ieIials tor the whole number hand.
rbs prncInll Dsrl0fs and tho Eupinr Hou,.. ~
Mount CO. have been reiIIed and IS far as pracii.
cable adapted &c increased power and business Of
the Company and Yplc tools and fixed machinery
necessary TOR repairs gsur ally have been provided.
In 1887 thero thir,ycn old l. connolly es such
of te,s were capable Of brIag repaired have been
thoroughly reitted and IN some distances CENTRALLY re-
aeyVod and eleven engines for the Of the Aan
Stem have bscn purchased.
Mos, OF tIs burIhen, AMI all OF the passenger Cars
have boon thoroughly repaired so an 10 aant them 10
the increasing demands Of the public. and number oil
Cars Of each description costing together Tot les,
than $4,000, have been constructed and are now in
10 com eie the efficiency OF this branch Of the
scr ice. mecFJi alter ,iOns IN number OF the old and
tive cnnSirucJo: Uf ten new blrhen Cara became no.
sSssarf and IrIy T. expected TO involve further e1-
peIJ.iurr dJrirg the year 1919, " nearly 10000
Win this addition. and the present augmentation of
power and the other iIcilitos here snnnsrstod the
Of transportation may &c increased q: ioasi one
nth without additional eipenss
OF the materials purchased during re period nlres.
dy montoned. for tho repairs Of railway and Locono
lives end tenders, of passenger ind hurihen Caufor
the construction OF burhcn Cars and for other purposes
tho Company have now on hand an amount valued
at S30.IfS.
II will appear also from the statements now rrbri
ted that, during tho year ending the 30Ih umo
the debH shawn by the last annual report 10 be thon
ouklanding amounting 20 Sli4l25. have all been
discharged; thereby relic, ing the from hea
Wy annual shsTge OF interest and leaving no other
H..rf fban fbaa
Banks 81 Baltimore. by the City Commissioners OF
FmaGrr.
O. this amount borrowed frosa the Banks, there have
been paid by ihe Commissioners SCI .63T IS and ar.
engagements are making by the same officers to dis
Nia.gs tho balance early Os Practicable
Alter Ihus disehsrging its dsbtS and augmentng the
power and means OF the Company. by which its ERA.
'ul may DO sJTanisgeousy enlarged. aud the eGpen.
ses reduced. thore remained the 80 ultimo net
surplus Of So SIS 80
OF which the Board have dsterrnined 20 distribyt.
among tho Stockholders 81 per share payable on and
after the l6ih NOvembei ncRf. in suoh funds as the
COmpusy have received for revenue
The statements exhibiting the affairs Of the Washing.
01 Cranch show on that road IN augmentation 10 the
irsjc and HIvel and nso a diminuiion ~ the en-.
p,ndiIgre o. the transportation of ton mage the re-
ducinE ~ the cost has been equal cent per ton
per mile.
DJSiHS the ss firce years 10 also became necessary
" !uCIG considerable expenditure adjust and i'm.
prove the grasuitiuu Of i. road. bv which means
ini Inc removal Of large quantity OF earth from tho
deep cuts, by ensrgng TIE dtchos for more eectusl
drainage aud By ballssing with gravel those parts IN
Wbch the he'd oOpssied Of tenacious clav. the entire
Inc his boen pm IN better and more efficient cr,ndi.
than ony previous period The Water STA.
tom ato have undergone the rcIting and repairs no.
crssary TO render them efficient me Passenger
and Tonnage Dcpots At the Guy Of Washington have
uesn considerably improved.
FOor new Engines have been purchased for the use
VI :hs road the Passenger and BJrhcn Carr have been
ihu'.roghly repaired ana improved, and number Of
bprbos costing not less than eleven thousand dol
lars have been conSirucieJ. The present loeom1uvs
poWCr yi;h small additional sHponse for repairs aad
fuel viii snable the Company N transport more than
joabs he number Of passengers that have been trans
S-;.e d.ing the past year; though an increase in the
ra1sTJr1tOn Of sondgs Would require Corresponding
increase IN the number Of b1uhcn carr