Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1843-10-13

80 paw a. lN4 sLE0 |
:, ~. Tus m,sr~s- ID 'he ~lEks. Ne,euh.i.s to !
n-sS sssb congestion. sns Ia sj"y sy sh.-e Iu,.
Irsds, a. became 2&e.zII hat the b1atd should 70
Jues lie chsSrs gDon ue % uiuure 49, OhI, Rail
"'~di end lhay acre sccoriIugly reduced. ir p.Aeu.
gs<- about - par cent, Ad lr iOuu.xs .usrn, IN
per csOt 6so" The rlisS vi ch- previous yo.r. For
ssiSe time slsr us opening OF ihs read to CumLc-.
iSidi tie dim ulitts .i Wagon trau.yorintuu ,xer
'hs NATIONAL ruSA both - 10 capacity aud ret. ot
chst4c. as' mtsrpJsed seuous Obstacles IL the trad.
sp'h t6s cal r'.l; and hose II will not tie p,sS,ble
shoi'y 10 sum 'uni unul Ihs rUsj can be extended
10 The Ohio uVer.
notwithstanding those imped,menis the op,ra,i,n,
VI the rai hetw oSn Bilumore aud CutnherL,ut
'ncs The OH OF November lSI2, have been mia.
sether encouraging. FULLY Nsu-hunr The ern-ela.
lions Which urged It's complexion To that tu,i I. mad
calculated Ia u,spIrc Ihe stutkholJer. and the ho,,l
VIVA renewed zeal IN tier future eSeiIiou. to carry
Il onward.
The state Of the nfIirs II the cnmn,nv IN the
SJ'h uiiisno - SHOWN b. tho statement A. aud the.
statement Is e1hibus the revenues and e1.,ens.. of
The Main Stem during the year ending on The sam.
day.
IL Is deemed proper also on the present occasion
10 submit a tabular statement prepared by the Enyi
neer oil NJ ,chiuery and Repairs. eXhihtrny IA J.t,L
oi The uperatlnnsnnd various actual Irctsesin iIert
10 The working Of The Main Stem during the y-ur.
'oge'her "i'h the amount VI receipts lrOm all source,
during the same period.
The sia'emeiis exhibit a gratifying a ugmenta.
h'n IN the trade and tayel upon the ruad. a.I. nj,
proporionei 10 The work done. n confirmed r.,lr,.
uon in 'ae cost aud expenses or the Transportation.
Tue excess Of revenue for the past over the pre-.
Seu'hs year Tor passengers Is S93 I4O, aud ipr luu.
mage S55.iOl. an oui Ting together to SI4s S4I.
Inc net earning. oi The Man Stem. independent
Of The Washington read. over aud above the e1nen.
ses oi working the mad amount To Tie sum Of S21g.-
al %. being equal 10 four per cen. upu the capt
tai.
The rail way east Of IIarpe. : Ferry has been ron
siderahly improved, bath IA adjustment aud material
during the year; ami that west OF The same pn NJ.
WIN The exception of tho injuries already meniion.
co. lsin better adjustment ihnn a, any time since n
was open ed.
during The year one new engine has been added
10 Tie isONing pl0er, aud another sUpn viii be
placed uprn the road. The entire compIetemeui
WI Then consist Of twenty eight locomotives; aud
'ne present business Of the rosd will require upon
me average al least twenty Two Ia he ia actual d.i
y operation. II Is not doubted, lEat in ITS preseul
slate Of efficiency the moving power will 6e nd,. !
qUale ~ an increase Of at least fifteen Der cent mo. |
the business Of he past wear.
The passenger add buuhen cars, aud the dcpots !
anu wafer stations are m good COndItiun. There nre |
$50 on mana duplicate paris Of mschiusry, and a
'iOck OF materials Tor general repairs, ana Gr m.
construction OF buHhen cars, exceeding Inc Sc of uuy
prev Gus ye'r; amounting IN the aggregate 10 more
IMAM S4OOOO. A a general result from these stale.
'heh'S' aad The operations Of the year ii may be sta.
tel lh7i' during the pat, a. compared with the IRE.
eSaihg year he number OF passengers transported
o"e mie nae been more than doubled. and the A.
mount OF tonnage nearly 80. that the cost OF tronspy
'aIi'n OF passengers has been fry SIX per ceat. and
oil transportation Of tonnage fpeeu per cent less
man IN any previous year; aud that IL cunsis ent with
me competition with other works the board c,uId
have maintained the original rales OF charge. WIN
.le Sune ec"'""ica' cost an equal amount OF b usI.
meas NAUIl 49, II
man seven per cent. upon the capunl emploved-
Tue board having reason t. believe ib,t their
present power might be- bencfcially empIoyed IN -,
lhe IL importation OF coal from Cumberland IA, Dam
No. D on The Chesapeake aud Ono Canal. To he car.
rled ihsnc8 by the canal TO the District OF Columbia. |
nave consented upon Ihe application Of the cansl
company and others, at present TO tx The charge ma. I
Oh Snal hel"een those points, n two cents per ton
Por mliei aud VIII be ready A. soon as the canal may
he "aNig"hic, TO engage tn The transportation of that
ar'IcIe uiOn these terms. The present r,ie Is, oCl
cnnr G liked with reference nj only 10 the quaurity !
ohered Tor transportation, but 10 ihe psrhaHence of
the trade.
""hA satisfactory assurance that The business
would De permanent, The company mrght engage in
II al q less charge Than rwo cents per t,n pe5 n,Le
Of any part, or for m whole eIicLI Of the road. The
-oAfd' however would not be justified IN The e1peu-
l"hfe Of large sam 10 augmedt The moving power
lhd provide machinery uuI adapted To oher uurpo.
'es' a. upon The completion Of their rspararIonsihe
n'gh' encounter competitors even at 10 lower rate
II charge.
AIdeals due from The company and not in di,puie
iuung the past year. including $50. 600 Of PRINCIPAL
i"d S23'S00 OF interest 90 the Messrs. B trina. under
ho arrangement for the on rails communicate In
10 Stockholders in the last annual report. have been
iischarsedi and Hose remaining unpaid, do not in
exceed the sum Of $40, zoo.
The net revenue Of The Main Stem lincI,Jinr
he sum OfSl6467 received lmm rbe Wn.b,nyr,1
.oad) aiier The payment Of The foregoing debts @.
i0u"Is ID SlS2479; OF which The hoard have de-.
ermined 10 appropriate SIS. 900. according TO the
pledge IN the last annual report. as the commence.
hsh, ni . sinking fund on account Of the loan sfsI,
JOO 'OOO' for The Washington road,
Or the bslaRce they have determined f., d;viJ.
'mong the stockholders 50 upon each share ofs,ock
yahie on and aGer the first Jay Of November neEr
a surplus Of Sl7I19.
Before passing from the accO inis Of the Main
, en- The board deem II proper 10 romind The stock.
'o,ue'S mat ~ the operations Of the past year they
., "' Only encountered The competition an6 I'm
already adveued 90, but have been CT.
p sed - Inc seavy charge incident 10 tbe s,y,l,y.
'neh' OF horse power IN the Introduction Of pas
senger'' as we'll rs burhen. into The city. The
amount OF such charge, with The present travel. NAV
oe stalled at ir'm IL 10 SIS 900 annually. Il must
- .ou'S' increase ~ proportion 10 the augmentation
'h me number Of passengers, unless the preserts AZ,
be abandoned. or The CITY aurhorit,,s sb,,II.
MINK Froperio permit The Introduction Of the loco.
molI'csi as Is now permitted ln some cuIcs. and mar.
'auy 10 Vim without injury or inconvenience
ihe Affairs Of the Wa shingiOn road are shewn bv
The statements Of G ouI D..
The net earnings OF Inns rad lr ths yc,, ouI.u
'n INC sun September, 1912, authorised a dividend
81 I'VE dollars per share, aud LETT a surplus Of a..
the net earnings fr the year ending on Inc 3Orb
uu'ni' are 81 .69l 46i y Inch added 10 The sur9Iu,