Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1845-10-17
NINETEENTH ANNuAL REPORT
OF THE PRESIDENT AND DIRECTORS
OF THE BALTIMORE AND ONO

RAILROAD COMPANY
At a meeting OF the Stockholacrs held pur-
s,ant Ia The charter, on the second Monday of
October, eighteen hundred AMI forty five, in
the city oi Baltimore, Tia. President and hi
rcctors oi the Baltimore AMI Ohio Rail Road
Company submitted the following report and
staten n,S III tie ai',lf> of the company:
Fnsf.-Of rnE MAIN SrgM.
The statement sliewS the situation of the
compauy> affairs on the 30lh ullin,u: The re-
Venue AMI expenses of the Mann Stem for the
year ending ON the same day, are shown by
the staten mt II; AMI the statement E. shows
the receipts from all sourccS and the disbnrsez
mcnts oi all kinds durins ihe same period.
The tabular statements referred In we omit.
AZ the summary explanations in the report.
will bc sufficient for the information of read
cfs geiicfolly.l
Taking the statements 4 aid bccinnittu TN
the debit side it will he observed that the ol.
lowing are shown, viz:
|. That the item of Cos, of road west of
Harpcrs Ferry is the same as stated I'm last
years report. the capital being absorbed, and
every expenditure now incurred b. ing neccssa.
| rily takeii out ~, the revenue. There has been
expended, however, the sum of SiSil9 II
properly applicable to this account being for
settlement oi claims for right oi way. interest
on the debt io Mcssrs, Hsiug. and The cost
ot placing the money in England. the con
s,ruction al bridges, Improvements at dcpots.
and various other itcms;and this sum the board
have directed tu be considered as part of the
expenses al tile current YEAR There is also
included in this amount the stitn uf $40 go
paid to contractors for making the road which
AT the time OF the last report, was IN litigation
~ that the whole SUN now unsettled of this
class oi debts, amounts To only 81 $50.
:. That the amount expended in cars,
engines, &c, for the accommodation of the
coal trade has been 81 SOB 9S. which i'm
clujes the sum OF SIS, PIG al discussed in
the previous year.
}. That the city ot Baltimore six per cent.
stock has been reduced since ,l,e last annual
report, $50 900; which sum was set spart Ms "A
sinking fund, for the redemption ol the million
loan. incurred on account of the construction
Of The Washington branch road; making. to.
gctlmr with Sl5.00O heretofore set apart for
the same purpose, and the accumulation of
quarterly interest rc-invcstcd as they accrue
the sum of S37 900.
Then by reference TO the credit side il will
be seen
/. That the ''luai at six ne. cent, for the
purpose oi taking stock in the Washington
branch road is placed at S 900 600. as il
was originally, instead of 1851 600 as in last
years Statements; the board having ordered
tf"t 'ii' olD.ttu " DNNuS DtlolSllH III THIS
account, which Wcfc cariCeilcd, and upon
which, in October, 1913, a 'sinkilg fund
was commenced. should BE- restored, and plac-
ed in such position as to accumulate by the
qt,aricrly interest.
=. That the debt To Mcssrs. Barring. Bro-
theirs " Co., now stands at Sl53 EOS being
S3O.0OO less than last year. Ii may be proper
here to remark, that The remittance ol this
sum was made on the LIST of MAY last. five
months before the payment was due, and at a
saving of mtcrcs, ior the Difference of tive.
BY the statcmcn, Il it will be seen that the
rcveruc oi the road for the year, ending the
30h September last has amounted to S73S.- |
COB Is, being so ,983 20 more than the re-
venue oi last year.
OF the expenses of working he road and
keeping it in order. shown by this statements,
ii is gratifying to observe that, while these has
been a considerable increase In the trade and
travel, there has been comparatively but a tri-
Hing increase M the expenses; except in the
item of repairs of bridges, which is upwards of
$40, ZOO greater than that of last year, and to
which more particular reference will hereafter
be made.
The net receipts from the business of the
Main Stem, over and above the expenses, in
dcpendently of its connection with the Wash
ingion branch, amount to The sum Of 1913.
uron thc capital
Appended to this report will be found table
showing the aggregate numher of passengers,
and the amount in ton,fass OF the various arti-
clcs oi produce and merchandise transported
over the road ON each year for the last ten
years, and the gross revenue received from the
same. This statements affords gratifying evil
dcnce of the gradual Increase Of tic business
of the road through that entire period. and es-
pcCially since its completion To Cumberland.
The statement shows the surplus remain
ing op band after tln dividend last year: the
receipts from all sources during the year, and
tho disbursements on all accounts lor the same
period, together with the available means of
the company Oh ,be JOth ulimo.
~ WIS statement II Will be sen tl,st The
company have on hand The following, fn>
Cash in bank slSl,61 66
Less belonging to the
Washington road IS. 3OS -