Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1841-10-14
BALTIMORE AND OHIO RAIL ROAD-FIF
TENTH ANNUAL REPORT.


The fifteenth annual meeting of the Stockhold-
of the Baltimore s. Ohio Rail Road Company
was held in Baltimore on Monday last, at which
the President and Directors submitted their Report
of the Affairs of the Company Cor the past year. &c
We take the following notice of the Report from
the Baltimore American Of Tuesday morning
The profits of the main stem including s5.-
628 received from the Washington branch-amount
Tor the past year to $l35, i53 sc, which is nearly
three aud one-h half per cent. on the capital invested
in that portion OF 'he road already in use. When
it is rccollccted that the main stem of the toad has
yet reached no Important point, and that none Of
the great connections in view OF which the work
projected, and fom which it. chief utility aad
profit were expected TO arise have yet been eslab-
hshed, the highly favorable result of three and
half per cent. net profit at this time cannot but be
regarded as a most gratifying indication. The
completion OF the road to Cumberland which may
be expected next year, will constitute new epoch
in the Company's affairs, and open new sources Of
prosperity TO Baltimore.
The net profits on the Washington Branch for
the year amount to $l0i,I5l 70, after first paying
10 the State one-hfth # all the money received ui
the transportation Of passengers, which latter
amounted to S43, 407.
The low rate of transpor tarion charged upon the
Canal ba. compelled the Rail Road Company to
fair compensation. The attention OF the Legi,la.
ture will be turned, we hope, TO thus subject mas
much as the State Is particularly concerned in it.
1t is no doubt great 10 the inhab ants
OF the Western counties TO have their produces con-
vryed TO market at the present but the State
cannot well afford the expense involved IN extend.
ing this accommodation to them. fair price
should be fixed the Interest Of this Safe requires
that this should be attended TO.
The remarks in the Report the circulation of
the Stock Orders will commend themselves the
readers favorable consideration. The Board have
determined TO issue more at present-the amount
IN circulation being about : 100000 For all the
issues that have been made an equal amonnt OF
Guy Stock has been transferred TO The Commission
in trust for the holders Of the orders. To pay
the interest this stock tax is already laid so
that not the least apprehension need be entertained
concerning the soundness Of this currency. The
useful purposes i, has answered evident, and
they will be far better appreciated when the value
aud Importance OF the great work in forwarding
which these issues made, shall DO full y realiz
ed by the people Of Baltimore
Inc Report gives most favorable account Of
the present condition of the road It. will be seen
that good otder, system and regularity prevail along
the whole work; that the progress of construction
towards Hancock and Cumberland /. steady; that
reduction of expenditures has been made during
the year-all Of which part icuars afford tie best
testimony that can be given of the ability Judgment
aud energy with which the Company's a(IatTs are
managed. 10 the excellent President of the Board
the ti nds OF this great enterprise and Of our city
prosperity are under obligationi, the extent of
which can be the better known by those who are
acquainted with the difficulties through which the
work has been conducted, and who remember the
PROSTATE condition from which it has been raised.