Richmond daily times. [volume] (Richmond [Va.]) 1850-1853, 1851-10-23
BALTIMORE AND OHIO RAILROAD.


My heart sung greeting to lies young day.
BALTIMORE AND OHIO RAILROAD.
The Baltimore papers publish the 25th Annual
Report Of the President and Directors of the b.
& O. Railroad Company, psesented to the Stock
holders at their annual meeting on Monday last,
and approved by them. The following is sYnop-
sis Of the principal matters in the report:
The Main Sten.--On the main stem the company
have earned for the transportation of passengers,
mails and merchandise during the past year, $ 3d.
222 rs, being of $54l7 As over the ope-
ratons Of last year. The total dlsbursements under
the head Of expenses have been $685., 9i9 90 showing
the net earnings to have been S653,303 30.
This result has enabled the Board to declare div
dend in stock Of Per e en a can do e
of the Company by the dividend of last year. Upon
the original capital of $7O0O00O represented by the
unfinished road to Cumberland, which alone has
ribued to this result, without any aid from the CAM
tai more recently expended, the dividend earned wond
have been equal to 81 per cent.
The yield of the road during the past year, IN view
OF the completion of the Erie Railroad, which has
taken great deal of the through travel, has exceed
ed the expectations Of the board. The completion OF
the road to the Tygart's Valley Bridge and Fair
mount which is expected take place in March and
May next, may, and no doubt will, be attended with
some advantage, in restoring the through travel
The Washington Branch.-The earnings OF the
Washington branch of the road, during the year end
ing the 30h Of September, from all sources, have
been $500 535 rs, and the expenses during the sam
period were sll6 65I IS, showing the net earnings
have been $102, s54 SO. The Board have declared
dividend o4 per this part OF the road for the
halt year ending Both September last payable ON and
after the 10Th inst.
The aggregate transportation of coal for the year
amounted l63,500 tons being an increase over tina
OF the previous wear of 1863 tons. The extens ion
he road the Piedmont station has added nothing as
yet to the coal transportation OF the ro9d
The Report aludes to the want OF auihclent accom-
mediation Tor the coal trade at the Companys location
at Locust Point and states that arrangements have
been made transfer the business to private wharVes
they may be constructed aud brought into use, from
time to time This plan, it is believed, will result in
securing ample accommodation Tor the trade at that
point.
tip to this time the demand for coal has not tasked
TO the full extent the power Of transportation at the
Company's disposal
The reduce tariff of charges on coal which went
into effect the fifteenth Of September last, together
Wits arrangements which are foot for the organiza-
ton OF an inland line OF transportation through the
Chesapeake and Delaware and Rartan canals TO New
York by OF pIopsllers ond barges may have
the effect of greatly Increasing this trade.
With adequate supply OF funds and labor the
whole line OF the road may bk finished to Wheeling
by the first OF January, 1853.
Since the first division OF the road beyond Cunlber
land was finished to the Piedmont station the second
division, extending beyond "Oadland" in the Gades,
distance of Twenty-Five miles, has also been passed.
The Cheat river will be reached shout the first of De.
cember and the Tygar's Valley Bridge and Faimont
| on the Monongahela river by the first of May.
1t gratifying to the board to be able to announce
that the maximum grade of ll6 feet is now being
worked daily with heavy trains, at rates varying from
twelve to twenty miles an hour-both ascending and
descending, W it'll the utmost and regularity.
Financial EGhtbit.-The report gives an extended
financial exhibit from Oct. 1851 the opening Of the
road in January, 1853 giving the monthly estimates of
the chief engineer, and the available assets in hand
and TO be provided for. The monthly estimates of
funds required TO the LIST of May 1852, is ST. 4O6 900,
and the available assets 10 that time, ST. 6S2 2l66l.
This will carry the road to Monongahela river when
the bonds of the city OF Wheeling, amounting to $780,
00O guaranteed by the State of Virginia, will be paya-
BILE From the lst ofJanuary 1852 to the Ist of Jan
uary 1853 when the road is to be opened oWheelipp
the estimate of funds required is 00O and the as
sets estimated at ST. 026,2l6 Gland Mr. Latrobe es-
Inmates $l47O00 outstanding on the completion Of
the road.
la this exhibit the board has made no provision for
stocking during the first year of the opening of the
road. An adequate supply OF cars and locomotives
it is not doubted may be contracted for on time paya
Bile in the bonds OF the company IN any fair state Of the
money market, and an arrangement has already been
made with the Messrs Winans for tyventy-four en-
gines OF the first class, as part OF the equipment es
mated by the Chief Engineer in his report OF October
l949.
The report dwells at considerable length on
the North Western Branch to Parkersburg, and
ofit importance to Baltimore, in connection with
the trade of the West, and the rival competition
OF other routes.
The views presented in the concluding divi~
sion of the report will be interesting to most of
our readers:
Comparison with other Roads.
In the midst OF The numerous and costly works of
improvement now being project ed with a view TO the
trade of the West the Board see no reason to doubt
the ultimate advantage which this road must possess,
when brought in contact with the Ohio river. The
progress OF the Contra through Ohio from GAINESVILLE
10 Wheeling, has been somewhat delayed, owing 10
a want ofpromptness on the part OF one OF the coun-
ties through which passes, in ompletng the amount
of subscription deemed 10 be necessary to enable the
Company to enter upon the vigorous prosecution of
the work Recent indications induce belief that the
subscription list is far complete, and the assu-
RANGES from the friends of the enterprise such as to
enable the work to 60 without further detention
This road when completed will place the city OF Bal
timore in direct communication with Cincinnati, by
continuous line oil raiiway-requiring in the transit
| between The two points, about twenty six hours
assuming rate OF speed not exceeding twenty hVe
miles per hour.
The time at present consumed between Cincinnati
and New York, by the Columbus and CleVe land and
| New York and Erie Roads, can hardly be assumed
al an average OF less than forty or ttty hours, and
| this must always be accomplished by rate OF speeds
ranging from twenty to forty miles an hour The
! fare between the two points by this great Northern
line allowing for the Erie Road charge no exceed
ing two cents per PASSENGER per mile has been estab-
ished at SIG SO for the through ticket from Cincinnati
to New Y ork This aggregate charge II Is believed
car hardly be reduced TO lower limit.
Assuming the above data 10 be established the ia
ciles afforded by the Baltimore and Ohio Railroad,
when brought in contact with the Ono River, VIII be
sufficiently manifest. With rate OF speed IN the
transit OF the passenger trains, not Exceeding 20 m les
| an hour, including st0ppages, the whole distance Will
| be accomplished between Baltimore and Wheeling III
sixteen hours, and tiom the latter point to CINCINNATI