Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1859-11-23
Baltimore and Ohio Railroad.

The annual meeting Of the Stockholders
Of the Baltimore and Ohio Railroad, was
held on Monday. The report of the Presi-
pent and Direc tors was read. We make the
following extracts =
"The gross earnings of the main stem
have been S3,6ls,6lS Is, being decrease,
compared with the preceding year, OF s237,-
S61 81 The expenses of working and keep
ing the road and machinery i'll repair, have
amounted to Sl,6S4,9 1897 81, being 1886 per
cent upon the revenue, exhibiting de-
crease, compared with the previous year, OF
1907 per cent. This marked Improvement
in the relation of expenditures 10 revenue,
has resulted from economy Of management
Whilst the gross revenue, in comparison
with the last fiscal year, has decreased s23',-
S67 81. the reduction Of working expenses
has amounted 10 Ss46,20l to; thus exhibit
ins an increase in net profits OF the main
stem of the very satisfactory sum OF s0oS,-
334 IL. being upwards Of per cent. on the
capital stock.
In consequence of the gradually improv-
iny condition of the Northwestern Virginia
road. and the increased economy in working
the advances to that company have been re-
duced. as compared with the preceding year,
81, 5Sl 20.
The revenue of the Washington Branch
for the year amounted 10 1920 So, and
the working expenses to Sl13,619 %, leav-
in. net SOS, $40 %. The gross revenue
shows decrease from the preceding year OF
S21.2o3 80; but the improved economy OF
working has reduced the expenses S2S.l 4
SO, thus presenting a comparative net gam
Of 81 .51l %. The ratio Of expenses to rev.
euue for lS5S was 4St per cent. and for the
past year SO u per cent. The decrease OF
revenue has arisen chiefly from the brief
ness Of the last session Of Congress.
The sums paid to the State during the year
on account OF capitation tax have been. VIZ :
For amount withheld for lSjS.......... $751; "a
For tax On passengers between Balti
more and Washington Junction Tor
the fiscal wear 1859. 5000 66
For tax on passengers between Wash
iugton Junction and Washington 6s,i7O Al
Making $50, 9U4 IL
Being ~ per cent. Of the net earnings.
The early completion Ut important lines
terminating in the vicinity OF Washington,
which will open very direct communications
with the principal Southern cities, has caused
the board to look with anxiety to arrange
ments for perfecting connections between the
Washington branch and its Southern asso-
ciates, III order thus to complete this great
national route.
The tedious and expensive transfer that
has heretofore existed has caused great an
noyance to the immense travel using this
line As the entire country Is interested Ill
this improvement, the board trust the requi-
site power for its accomplishment may be
granted during the next session Of Congress.
Ii suitable and economical transit tor freight
and passengers be secured, it is believed
that important results, increasing the com
mercial prosperity OF Baltimore and the Dis,
trict cities, will be realized.
The election for twelve directors, repre-
senting the stock held by individuals and
the city of Wheeling, Va, was then gone
into. The following was the only ticket pre-,
scented, and the polls having held open, &C
cordins 10 law, till p. NJ. and 25,I9l shares
having been cast therefor. the gentlemen
named were declared elected, viz:
Johns Hopkins, Samuel w. Smith, Fran
els Burns, Wesley Starr, William A. Hack
Allen A. Chapman, John Spear Nicholas
John Gregg Z. Oliver O'D"nnell, Henry A
Thompson, Henry S. Taylor, James Harvey
The latter named gentleman is in the place
of Nathan Tyson. esq. of the former board
otherwise. the stakeholder direction is the
same ~ before.