Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1848-10-13

/ elusive of BE old loan f1t she constipation ct
/ the Washington road, is Sig9 3I6 20, aud for
/ the fnai payment OF 8i The engagements on
| account OF the objects already advered to, the
| aggregate amount OF such bonus, issued and 10
be issued. according 10 the estimate snd report
OF The chief engineer, Will not exceed thf sum
Of S653, l73 Al.
When he engines and cars ordered, as here
/ In stated. shall all b. delivered the motive
power and machinery OF the company will
cousis; Of % engines oflhe LIST class, a 81 The
p, IS OF the s, aud 20 of the Attn class; %
I passenger cars 81 coal cais oil wood ani 2OS
Of iron, AMI Sol burden cars OF all other d's-
! crintions; aud with the road entirely rene we'd
| wilma single track OF heavy rail and improved
! construction from Cumb.r TO Baltimore,
and extended to the south SIDE OF The basin,
! thus stocked. it is believed that the company
/ viii be able TO DO any amount OF business
which they Of present have reason 10 believe
vii b. ulered.
When the reconstruction now undrr con-
I tract Is completed there will remain but two
/ places on the rJad--aua at the Relay house
and the Other at lches,et--nhere the curves
are of d less radius than six hunirtd ieet; the
cost OF making he change at tncse places has
been estimated az SCI j73
The LAYING OF the rsi,s on the extension 20
the south side of the basin has been common
ceJ, aud il is supposed By the chief engineer
tHsl The track will probably be ready ior use
by lhe lst OF December next.
Daring the las year there have been trans
ported un the min stem 290,o9o passengers,
aud 27l 252 tons Of freight The proportion
of expenditure properly chargeabe TO revenue
has been jl1 per cent The number OF miles
run by the engines on the main stem and
Washington road has been ,039 439; and OF
the 81 engines belonging 10 the company, du-
rlng that time. Is have been kept in constant
use. The cost OF transporting a passenger
per mile during the same period. has been
! ,O92 cents, ANA a ton Of freight SO Gems.
These results, shown by the report OF the
chief engineer. are important; aud are stated
in This detail that the Stockholders by Insttu-
ting comparison with miller results on 9th
er roads OF high repule in the country, and
corresponding with the Baltimore and Ohio
Railroad. may be enabled TO appreciate the
manner in which the board has discharged Its
duty ia he management and working of the
main stem. Such comparison affords, per-
haps. the best test within reach, and Il Is ono
to which tie board may, with confidence and
satisfaction, invite the attention OF the stock
holders.
There will be found at the end the chief
engineer srppolt a table, showing, at glauce,
the proportion OF expenditure 10 revenue
the cost OF Transporting "A passenger and
ton Of freight, respectively, per mile and
the proportion OF engines IN use To the whole
number owned, on six OF the principal and
/ best known rail roads OF the United States,
for the year 1917, which is the latest date to
which access has been had to their respec i've
reports. From this il viii b. seen that the
expense per mile run is 10 per cent aud the
fAsf tug Nor La * nor lpg
than the average OF those roads. while the
cost per ten per mile may be said 10 be the
same with that average, as II Is bat per CT
more. The less favorable proportion Of ex-
penses as 10 receipts, being about 5 per cent
against the Baltimore and OHIO Rail Road is
due to causes OF temporary operation nrarly
now at an end, Independent Of which, how
ever, sufficient explanation OF il may be
/ found in the lower charges of the Baltimore
j ani Ohio Rail Road, which for pas engers are
+ 20 per cent. and for freight are 81 per cent.
less than the average OF those roads, md 3
per cent. and per cent. respectively, less
] than the lowest OF them, which have cost
I Sl0,l65 per mile more than the Baltimore
and Ohio Rail Road
| Nor must il be forgotten that While all The
roads, with which the above comparison has
been made, are finished works, realizing all
that their proprietors anticipated, the Bllti-
more and Ohio Rail Road is as yet incomplete,
resting, Tor the present. at point which the
most sanguine, even at this day, would hcsi-
tate to make the terminus Of the road. With
10 other connect ton With the Ohio than would
be afforded By the tufnpikes and The common
i roads OF the county.
SEcoND-Of the Washington Road
The affdirs OF this road are shown By the
statements Z aud d.
1t viii appear that the gross income from
The Washington road. for the yearending Both
September. S4S, has been 500 81 IS; The
total expenditure properly chargrable thereto
I Sll3 52i 90, and the nett revenue ST. l.
639 16; showing an increase over the prece-
ding year OF S36,7l6 ~ in the gross income,
Sl4,7l4 % in the expenditure, and 922 ,032,-
% in the nett revenue.
OF the nett revenue OF the year the board
have declared a dividend, for the last six
months, Oh So upon each share OF stock, pay
able on and after the 18th day of November
next ensuing the date OF this report.
The above statements and the annual report
of The chief engineer will exhibit all the re-
ceipts aud expenditures Of every description
on account OF this road wi present the
same general economy in its working and
Management as have Characterised the oPera-
tons Of the main STAN, as already detailed;
aud the efliciant condition OF the road and
OF the motive power and machinery Is satis-
iactonly shown by the report OF the chle en-
gineer. An inspection OF these statements
, and report, to which the attention OF the
stockholders is invited, will dispense with
any further observations i'll this place.
THiRD-Ol the extension Of the Road 10
the Ohio river.
4, The stockholders are already aware that au-
thority has been obtained from the State OF
Virginia for this purpose, on terms satisiac-
tory 10 the company.
t During the last year the Surveys OF various
routes have been diligently prosecuted. They
were entered upon as early as about the first
OF July, lsl7, with two parties oil engineers,
which BY the first Of Angus, following was
increases to three. There was at that time,
and Tor some time subsequent, difficulty III
! procuring the services OF competent and ex-
perlenced assistants, or the number ot par
ties might have been enlarged, IN order, as
was earnestly desired, 10 press ON the sur
veys with the greatest despatch. s. urgent
was this wish that the location OF the route,
as is seeu, was begun somc weeks before the
acceptance OF tn Virginia law cou,reing the
right OF way in that state, aad before the
com any was permitted to ndvance beyond
the boundary OF Maryland. Within the linz
its OF this state, therefore the surveys were
confined until the middle oi October.
The engineers continued unintrrfupiedly
in the field during thu entire wimler,and have
extended the lines upon one route, o. lar as
Cheat river By the cnd OF December, they
Were then removed TO the vicinity oi the
!, Ohio and were engaged ~ to the end OF
May IN executing The extensive and complex
system OF surveys necessary Tor choice OF
. rlnles be tween The mont b OF Piles EnIk. of