Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1854-11-11
sL1lO1lI.14

Makes Tie total receipt, ShuO,iAlH
From which delnolln
terest ON bonds aud
aoanng deM, $780, 1886 60
Ground rents H's53l4
Leaves the net balance nj receipts, e9i5,3612l
No. No. be- Be deducted l2L738s'
Shows The amount to profit & loss, 1928, 69S So
Tie above exhibit makes tie working expenses
/ Of the Road 65 3.5 Ter cent Of the sum eaTned.
u,-oF rnE WAsHNurOs naANcii.
| The operations Cf The Washington Branch ex'
| hilii The following results; Tue leceipls lrom
on sources have been 1863 229.6S, OF which
g27S 500. 3 was derived from passengers, and $780,
92750 from mails and lIelghlsi showing 'leefgnse
as oumpared with Lost year, OF sloS5O.I5 Tie
actual decrease in passenger receipts being $780,
8826i, while The inoItnsu In revenue lIom
/ Heights amounts 10 si5052,S5. The nniioi.
naied increase IN travel which IL was presumed
would follow q reduction IN lie fare 10 1928 not
having being realized, on The Isl Of May last
the fare YVES advanced TO $3.50, and the result
shows The pgopnely OF the measure, as the num-
Der Of passsngelsllas not diminished ana Tie Isve-
nue. derived during the last six months, as cUmpaT
edwilh the>fIsl half Of the year, has been in.
creased by 20,22T.25. The Working expenses OF
he year have been eisl $1,000, being 40, t-i0
per cent, OF the gross revenue The amount OF
State lox paid loI the year was s523195 81, heing
one fflh OF the entire receipts ltom passengers be
Tween Baltimore aud Washington, way travel in
lcludel and Is equd 70 faction over 81 percent
Of Tie entire capital.
ra.ssPoHTATloN DEFARTNEaT,
The management Of this department during the
mast year las been very satisfactory ond IN par
iouai ile running Of The ioips hes been conduct
ed with o regularity hitherto unknown. There
/ a. 80 "a la
lonnage trains, owing in gteal measure 10 The
want uf additional sdings OF second TACK, The
absolute necessity OF which is felt more aud moe
every day. The full and interesting report OF Mr.
Done presents The transportation 10 oil ITS aspects
and paTlioulor attention IS called 10 ", and the
valuable statistical Information contained IN It's
accompanying tables.
uoApwAy DEFARrMgNr
Tie expenses m maintaining The IOal'bed shew
q small decieasr, us compared VIII last year. not
withslanding an addition Of miles-and the pres
ent condition Of The rack is better than II was THIS
lime laSl year
During the year 90 miles Of "slrng" have
bten changed TO ctos tie imuk, leaving bu
l2lA miles yet to be changed. Some OF the most
costly accidents during The yeah wele occasoned
by The spreading Of This suilg lr5eki and u iso
sunIce IL c0ngIaiulati0n. that SO few miles now
remain IN the line, II is expected to have IL al
out by the first Of January next BY reference to
The full and ablerpoh Of The Master Of tue Road,
which is appended hereto, The cost Of ma nlaining
The Roadway, and Track, the Iepairs TO Bridget
Wafer Slsiisus, and Depots will be louud in de
tail, all Of which are 10 good and efficient con
dtiou.
MAcnfSEay DEPARTMENT.
During The year 40 new locomotives have been
added 10 The COmpanY's stock, 20 OF which ore
dls, class Brightness his gives fetal Of 2Ol knglqes
Of an kinds owned by Tie Company. The addition
TO tile "Rolng Stock olher tLon engines has
been as fellnws;
OF passenger baggage, and mail cars, II
Iron Coal hopp.rs 1923
| Hnuse CATS on
] Gundoln, %
! Dumping cars, 10
/ Increase during The year. 5Oa
The annexed Isrod Of tie AlasleT Of Machinery
presents fil statement Of The number Of miles
run by engines. the cost Of maintaining ihemi us
well ns the different dtseupionso OF cans IN use.
geneIalT eieIenee lB only made 10 The Reports
Of lhe heads OF Departments, in oTteI 10 turn the
attention OF the Stakeholder TO the Reports them.
selves which ate appended in fun, aud ore well
worth attentive perusol,
| In this connection the President and Directors
congratulate HE Company 10 having The services
OF such efficient heads 10 the several Departments.
Their lnbOrs have been ardnous, aud have been Of.
tended 10 with zeal and fidelity Which merits, as Il
| leGbNIaf tWe ulbuEot lluleIs
% TIE CITY LOAN.
One Of the most important transactions to re-
oonl since last Report 10 you The eileoling loan
Of money from The city.
| Ia That report you were Informed Of The impela-
tive need TO additional capital, the amount and
purposes u Unjust be applied 20, and that On extra
session OF he City Cnunoi had been requested in
Company ioF help The extra session was called
and the Hoard oil Directors asked the city to enc
/ doIse The Bonds OF The Company 10 be secured by
\ moflgage TO the amount OF Eve millions dnlns.
A joint committee Of both branches was ap.
pointed 10 Investigate the affairs Of Tie Company
and amung other queries, the following was put
which with the reply by the Company, was Tepor-
ttdlothe Council together with Recommended
lion 10 gmui the prayer
Query 'Willthe aid now sought from the city
enable The Company 10 pay lor double track TO
| Piedmont, make The necessnf, sidings, arch The
tunnels, and complete oiler improvements need.
I'd This side that point and beyond It 10 Wheelingi
and win he Company wiiiout embarrassing tile
operations Of The rond, be 10 conditions before or
alter, TO pay oul The earnings Of ,he road, di7i-
bends TO Tie Stockholders TO the amount OF Dix per
cent?
Ansibsrs precise financial statement down to
date will alone be tue pfoperepln
The siaisnsht iras giDsain dstdi, he final fgEeS
isere'
Net amount OF hoaunE debt WINCH
having been expended asoaplial
10 permanent investment it Is
needn't 10 consolidate Ia bonds
and mortgage 1861 32282
Additional oapiial needed 10 lay
down two bundled miles OF Sec
on ,uok 2,sOOOOoOO
| 40 arch tunnels other masonry and
road bed west OF Cumberland,
station houses, engines, engine
houses, Workshop water sia-
lions, Gc., l,8O0OOOOO
You have thus apo amount OF eli6Ab2261
which will De Issued 90 6ge yeon upon lhe Road
la,dthe funding OF lte foaNng debl, about Eve
illions or which am8unt eill bs addiliouallo NE
present invested capital.
llisin oldef 90 ollb.o ih8 Company p fund ihe|
lnoalins debt, 40 eiisft1cf tyfsl tau a Do 1iarti
~ unllL L.n-.-l-lIl. ma % ln.l ll- ll1nluIl