Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1859-04-15

The following Is the statement OF the nOat-
ing debt and available means Of the company:
DEBT.
Amount of bills payable Si943 q
Balance Of interest unculled for due on
Company bonds. 1850 w
Balance Of interest uncalled for due on
bonds Of the Northwestern Virginia
Railroad Company Observation-Disclosures" 700 10
S22,39S 81
AVAILABLE MEANS.
Cncolected revenue--judged to be the
same as on the lst, when it was.....S27+,%9J IS
Cash on hand. l09, 0i3 90
Bills. Observation-Disclosures. 1922 80
St26,S66 81
The bills payable on March 9th. the
date Of the last statement, amount
ed ........................... s6,232 10
The bills payable at the present date
amount to- ............................ 4,Si3 %
Showing decrease of.................. Si,3SS l.
Prior to the declaration of the dividend
on the stock of the road for the past six
months, Mr.. Ohr. of the State direction. sug-
gested that some detail Of facts in regard to
the finances was desirable.
The President then presented the follow
ing comparative and analytic statements for
the information Of the board:
The revenue of the main stem has
been ,ibZ'SU ."
Working expenses. including repair
and maintenance oi road md ma
chinery... ............................ 1929 20
Leaving the net earnings ......... SglS.sij 95
The ratio of expenses has thus proved H.
$500 per cent. being the best result here
tofore realized in the history Of the compa-
ny for similar period.
Comparative statement of the revenue and work
ingexpcnses of the first six months of the last
and Of the present fiscal year:
1873 1859.
Revenue ,sl7.l2O 81 $l.762.7SP e.
Working expenses. l,5ll,I5O Sc S43,a4% 20
Net earnings ........... S30j.aG9 ii S9lsSi5 -
Decrease of revenue. SJ]""o -
Decrease of working expenses.......... 6o''2c' 10
"
Increase of net earnings ..............S6l2S. "
The revenue of the Northwestern va.
Road for the six months has been...Sl 1910. %
Working lol'l2 -
Yielding net revenue. Si1,6?i 81
Heretofore the expenses on this road have
exceeded the gross revenue. The present
ratio of working expenses. Us per cent, IN
dcatcs better results henceIorward.
The revenue of the Washington
Branch has been S22S,22" 20
Working expenses, GO S7-1oO "a cent. 92,l3l -
Showing excess cf revenue work
ing expenses ~
The president also noticed the fact that the
bills PAYABLE had been reduced from S2S4,-
653.75 to the present small sum-the bal
ance of loan Of 1854 paid of, tSS3, 66S,) ex-
cept S4,S43.97, for which city stock is re-
served, and the company, in the meantime,
paid cash for all supplics-the sinking fund
maintained, &c The road and equipment
are also represented AZ in the most effective
condition The president closed by making
Acknowledgement to the officers and men of
the service, for the vigor, ability aud energy
with which important reforms and econon-
les have been inaugurated and successfully
maintained.
Various other matters Of business were
disposed Of. Among other things the pres-
dent made n statement in reference TO the
course he had had TO pursue since the terml-
nation of the late compact between the
four great lines, in maintaining a policy
favoring the interests Of Baltimore in COM
petition with New York lines. The New
York Central road, the great passenger
route, had now not only cut down its through
passenger fare on fast trains, to a low point,
with view of competing with the Balti-
more and Ohio road, which was content to
run at moderate speed and corresponding
reduction Of price, but had also in the past
week cut down its freights to such an ex-
tent as to overcome the advantages afforded
BIZ the Baltimore route, with It's cheap water
connections at each end. The New York
Central started with % cent reduction,
which he assumed the authority at once 10
follow. 1t then tried another 20 cents re-
duction. and again he followed and finally
it reduced 10 cents further, which be like
wise did. lie had thus taken the RESPONSE
bility of acting. that the advantage belong
ing to the Baltimore route should still be
preserved to it, and hoped the board would
make some expression OF its views on the
subject. After some discussion, a resolu
ton, offered by Mr.. Ohr, of the State, and
seconded by Mr.. II. c. Smith, of the city
direction, approving the course Of the presi
dent, and authorizing like action TO such ex-
tent as be might deem necessary, was adopt
cd without dissenL-BaA. Sun.