American Republican and Baltimore daily clipper. [volume] (Baltimore, Md.) 1844-1846, 1845-10-14
NINETEENTH ANNUAL REPORT

OF THE PRESIDENT & DIRECTORS To THE
STOCKHOLDERS OFTHE BALTIMORE AND
OHIO RAIL ROAD COMPANY.
| The Stockholders of the Baltimore and Ohio
Railroad met in annual meeting yesterday
morning, at the Office of the Company, when
the 9th annual report vas presented, read and
approved 1t gives truly gratifying picture
of the condition and prospects of the company.
Omitting the tabular statements, which are suf.
fciently explained for the general reader in
what follows, we give the subjoined hasty con-
densed view Of its most important contents:
The "Cost Of road west of Harper's FeIry,n
is the same as stated in last years report, the
capital being absorbed, and every expenditure
now incurred being necessarily taken out of the
revenue. There has been expended, however,
the sum of GAS, 4l9 Al properly applicable to
this account, being for settlement of claims for
right of way, interest on the debt TO Messrs
Barring. and the cost of placing the money in
England, the construction of bridges, improve
ments at depots, and various other items; and
this sum the board have directed tn be consider
ed as part of the expenses of the current year
There is also included in this amount, the sum
of SO ,210 paid to contractors for making the
road, which, at the time of the last report, was
in litigation; so that the whole sum now unset
tied of this class Of debts, amounts to only
S2,l5O.
The amount expended in cars, engines, SC.
for the accommodation of the coal trade, has
been Slls,S03 9S, which includes the sum of
s3s, sl6 IA disbursed in the previous year.
The city of Baltimore six per cent. stock has
been reduced since the last annual report 500
600; which sum was set apart as sinking fund
for the redemption of the million loan incurred
on account of the construction Of the Washing
ton branch road making, together with sl5, 900
heretofore set apart for the same purpose, and
the Accommodations of quarterly interest rein
vested as they accrue, the sum of S37 900.
The "loan at six per cent. for the purpose of
taking stock in the Washington branch road q"
is placed at 81 900, 900, as it was originally, in
stead of $3.50, 900 as in last years statement;
the board having ordered that the SIS 600 of
bonds belonging to this account which were
cancelled, and upon which, in October 1913, a
"sinkipg fund" was commenced, should be re-
stored, aud placed in such position as to accu-
mulate by the quarterly interest.
The debt to Messrs. Barring, Brothers & Co.
now stands at Sl53, 10S So, being $50 900 less
than last year. 1t may be proper here to re-
mark, that the remittance Of this sum was
made on the first of May last, five months be-
fore the payment was due, and at saving OF
interest for the difference of time.
The revenue of the road for the year ending
30th September last, has amounted to S73S, GO3
is, being $50, 9S3 20 more than the revenue OF
last year.
OF the expenses Of working the road and
keeping it in order, it is gratifying to observe
that, while there has been IL considerable in
crease in the trade and travel, there has been
comparatively but tnliing increase in the eX-
penscs; except in the item of repairs Of bridges,
which is upwards Of $40, 900 greater than that
of last year.
The net receipts from the business of the
Main Stem over and above the expenses, indie
pendently of its connection with the Washing
ton branch amount to the sum of 1915, 785 81 ,
being nearly five and half per cent. upon the
capital.
Appended TO this report is a table showing
the aggregate number OF passengers, and the
amount in tonnage OF the various articles of
produce and the merchandise transported over
the road on each year for the last ten years, and
the gross revenue received from the same
This statement affords gratifying evidence of
the gradual increase of the business of the road
through that entire period, and especially since
its completion to Cumberland.
The statement shews the surplus remain
ing on hand after the dividend of last year; the
receipts from all sources during the year, and
the disbursements on all accounts for the same
period, together with the available means Of the
company on the 30th ult.
By this statement, it will be seen that the
company have on hand the following, Wis
Cash in bank Sei,677 &c
Less belonging to the Wash
ington road ss3Os 45
Leaving $96,369 81
City Stock on hand 40,Os6 SO