Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1843-10-19
BALTIMORE AND OHIO Rail
P0AD.

E<O<sb.
+ At ameesing of the Stockholders Of lhe
Z COMPANY, held pursuant to their charter
I on The second Monday Of octotef, TIE
President and Directors submitted tie
sesealti onaValrepuf Of the affairs Of the
company. The report in extenso. is too
jorg for an entire insertion in our columns:
we shall therefore make such extracts
from i as are important and Of interest TO
or readers
TIE report submitted last year stated
that The road would be completed to Cum
beFland between the Grsi and tenth 81
November, 1912. It was accordingly
opened on The filth Of that month, aud las
been ever since in constant operation. -
Sone considerable damage was done, the
road in Consequence then numerous fresh
eta we have experienced, and the conse-
qaeni high rise in the wales:--to repair
these injuries and 10 place the culvrrts
beyond The reach Of even higher rise Of
water, the expenses Of repairing for the
present year is expected % he about Sl5,
0OD-being near $4,000 less than the
Surplus on hand from the year just ended.
n consequence ofthe opening Of the road
Ito Cumberland, and upon the commence
meni Of the spring trade and travel, the
charges for transportation, beth OF passen-
gers and merchandise, upon the Penn
sylvania lines were considerably reduced,
and throughout the wear have been kept
at rates which il is believed are not requir-
ed by the public nor justified by the true
interests Of the works. To meet such
competition, and to enjoy the benefits of
the trade. it became necessary that the
board should reduce the charges upon The
Bait, and Ohio Rail Road and they were
accordingly reduced, for passengers about
Is per CT, and for tonnage about 30 per
et below the rates Of the previous year
Between Baltimore and Cumberland, the
operations Of the road have been encour-
aging, and fully realized expectations with
regard to it, The report shows the reyen-
ne and expenses Of the Main Stem for the
year ending Sept. 81, lS43. The amount
reed for transportation of passengers and
freight, $57J,235 0S. The expenses for
transportation, salaries, fuel, repairs. watch
men, Office and Incidental expenses, taxes
and fees 10 counsel, 1886, s33 53--shew-
ing the nett profits OF the road for the year
ending Sept. 80, ls43, TO be S279, 401 So.
The Washington Branch ofthe road shows:
Cost of road, real estate, &c., 1850,
900 90. Cash in the hands Of officers
S77,S9. Against this are credits for:
Stock 81 ,65O, 600 90. Annuity Of s per
CT. stock $3.50, 900 90. Revenue 1856,
-06l 10. Less bonus to the State, expen-
SEES, repairs and interest, Sl05, $50 So
making the amount Of credits Sl155, 525
'S6. Amount due by BALI. and Ohio R.
Road Sl05, 447 9s.
One new engine has been added during
the year, and another will soon be placed
on the road. The entire number will then
consist Of % locomotves--22 are required
TOR the daily business. Asa general result
from these statements, il may be stated,
that during the past year, as compared with
the preceding, The number Of passengers
transported one mile has been mole than
doublc--the amount Of tonnage nearly so.
All debts due from the company (not in
dispute) do not exceed $40 1905 90, A
dividend or So per share will be paid to
stockholders on and after Nov LIST. The
board did not feel warranted in recommen-
ding the late law providing for the sale of
the public works 10 the acceptance of the
stockholders. These are the most i'm
portant features ofthc report. and from il
our readers can arrive at knowledge Of
the affairs Of the company. The road is
represented So being in highly pros
porous condition, and il is alleged that
should legislative action this winter be
favorable 10 them the benefits 10 he deri-
we'd from ii by the city will be much in
creased Bait. Req.