The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-11-22

western Virginia Railroad for the fiscal wears terminal
been, viz
Rereoue 1888 l85o Dsc,e,se
1oR 7a r. s9G3 sf5i 4t5iisS s57sS as37 ss3
si,57&9l277 $l,81l O0g27 s272,9O3 o
Main Stem. s25sIIe92o slGs i997 81 ssi62o
" Ta K K. 2s5sS5 5 8$S5s Fg25s 5a85s 5
ro.,, ,. s29.6,9o572 50 O569i7.67 s929.a5sO
Gross Revenue.............. 272,903.5t
Total increase of Net Earnings ss57 054 :!
EXnbltng an aggregate reduction Of 1929 95s 05 il
tbus compared with the Precediag year
O5455. e' " S''''
AT the commencement of the year it was papabIe from
the general pr0stratOn of business and the large nan
Cal engagements Of the Company that in order to pro
ee satisfactory results to shareholders, and the pay
es o te CITY and state every judcious economy
aSement should be effected.
Accordingly the attention of the Officers of the Compa
ny was directed to careful supervision OF the economy
detail in the expenditures their respective Departments
and the great reform of reduced speed with he
Wy burden trains and moderate safe speed on passen
ger trains, introduced
ne fruition of this system has been presented and
alike most satisfactory remarkable although inaugu
rateu during period in which. in cases un
low rates of transportation prevailed and
conflict with the great rival Atlantic Lines was
maintained effectively and successfully by the Baltimore
ana ONO Company, in sustaining its cardinal policy OF
more.
The speed of heavy freight trains was reduced nearly
forty per cent viz to eight miles per hour and
of passenger trains to twenty and twenty miles nar
! hour. -
In this connection the subioned extract from the Re-
port OF the Master of Road is interesting Of both the
Main Stem and Branches it is proper to remark that
general reduction of speed has produced most favorable
elect in maintaining road greatly diminished ex
penSe as well as great dimnutiOn in number AID ex-
| tent Of casualties.
Having used 1886 tons new iron rails reaying SO
miles Of track, and 15SS76 white oak ties (beng
= than ,EsItl
stone hallastng, and having improved the slopes and
drainage during the year. the entire road better
condition than at any former period"
Connected with the decrease of speed has been an eff
clent system established by the Transportation Depart
ment ensuring promptncss OF transit and regularity of
| ton.
The reduced prices of material required in the service
of the Road and the ability Company to purchase
its supplies for cash terms have contributed
! largely to the increase OF profits.
Interesting particulars in the expenditures of the Road
Department-regarding completion Of Tunnels condition
OF the Bridges and of the track the Main Stem and
branches are presented in the report of the Master
Road to which reference is solicited.
The Board has pleasure in acknowledging the vigorous
and udcons action throughout the year the Master
Road Mr.. John L. Wilson, and of his assistant Mr. S. D.
! McMurphy The marked results accomplished in fully
maintaining and improving Road at greatly reduced
cost endorse their ability and faithful service.
The report of the Master of TRANSPORTATION unusually
full and interesting The details of the important econo-
mics perfected, and improved systems introduced in his
department are presented The comprehensive review
the of business of the road accurate analyses
the local and through trade and the history of the
ton OF the department for the year. embrace much vau
| able information.
The important and advantageous results of the policy
OF the Company, in accommodating and developing every
description of local traffic upon the Line of the Road
! and its Branches exhibited.
The revenue from passengers the Main Stem shows
an increase of 10 all of which has been derived
from the local travel This increase attributed to the
enlarged facilities granted to Communication passengers
ana e Inducements Systematically profered for the
of roundtrp tickets for short distances between various
points upon the Line of the Road
The loan of million dollars contracted for the CON
structlon OF the Washington Branch Road and secured
by the first mortgage the property of the Company
having been fully quidated the President and Teasu
trustees under the mortgage executed and record
| ed the proper release, in May last
Much attention has been given to promoting the bust
ness in Lumber Timber, and Coopers' STUFF. The in
crease especially, from the Mountain Division of tn,
read the Parkersburg Branch and the line Graf
ton to Baltimore, has been extraordinary. The aggre
%, 73O tons.
To accommodate the trade in heavy timber, which i.
designed for shipment Europe for naval purposes tn,
Company have constructed during the year twenty
large double cars, peculiarly adapted to the
at a cost of $S,3l1 60.
The superior and approved character of timber from h
region Of the Alleganes, induces the expectation tina
this trade will expand and be permanent.
considerable and gratifying increase in Way busnes
Is observable The local resources of the road have heei
carefully cultivated and every facility extended for thei
development large expansion in Wav transnortatio,
of the following commodities exhibited in the state
ments Of the Department, viz: Flour Grain Tanners
Bark, Cement, Iron and Copper Ores, Pig Iron Lime
Lime Stone. Leather. and Empty Barrels.
Steady effort has been made by the Company durinl
the year to establish trade between the Local Station
and Baltimore and Washington, in marketing and tn
products of the dairy. low tariff has been arranged T.
induce the Introduction of this system successfully
tanning on the New York and Erie, Reading and othe
roads IT Is hoped that the facilities offered by the Com
pany Wall attract the attention of parties interested anC
lead to the prosecution Of this desirable business
1t will be that there has been falling Off Of 81 95
tons in the through tonnage from the West an in
crease Of that transported the West Of IL 600 tons
Shotcrops in part affected eastward bound freight but
bV he Worth
ern roads, at prices ruinousy low this Copan,
rejected much through traffic which was taken nv no.
Companies at materially under the actual cost
transportation If this uuwise course had not been mr.
sued the revenue would have exceeded that of Tho %
vious year The increase in westward bound tonnae,
is favorable feature indicating better appreciation by
shippers Of the advantages of the rouets promptnes
and reabty-improving also the result in working
turned to the West
The great Improvement ranging from % to 81 per
IN tae Cohee, Sugar. and syrup as well the decided
increase in the Dry Goods ana other Baltimore
passing over the road is gratifying The thus
prove the wisdom of the policy the Company in fully
maintaining rates discriminating in favor of the business
of the city
The quantity bituminous Coal transported durin,
the year paving freight, has been 343720
crease OF O,922 tons, compared with 1855.
The revenue from Coal for the year has 1884
being S306905 less than for the preceding year which
under the increased tonnage is explained by the reduc
ton of fifty cents per ton which went into oreraton fr
March, 1858 At the rate obtained prior date tn,
increase of revenue for the past year would
sl65749 oO The better demand for this valuable fuel
Is hoped, will improve the results hereafter.
table is presented of the transportation Of materfa
for the use Of the Company. Exclusive Of the heavy
item Of ballast the large quantity Of 81 500 Of fe
Tor the locomotives iron and cross ties for the track
has been hauled during the year, which was equal t.
sS5! 234 tons carried one mile Pursuing the system
ablshed by the Baltimore and Ohio Company no entry
Is made to revenue, in any FORM for this large amount
work Many other Companies exhibit nominal revenue
from this source.
1t is shown by the statements of revenue derived from
passenger express and mail business 1859 on the
Main Stem and Branches that the aggregate earnings
|
cent. Of the gross revenue.
BY reference the abstract of tonnage carried one
mile it will be noted that the aggregate business h
Road exceeds that Of 1858. This mproy has ariser
entirely from the large expansion OF the Miscellaneous
| Locai Tonnage, which has increased 90 ,2O9 tons
IS shown that embracing the Through and Local trade
the falling off in Eastward tonnage is I6 500 TONS the
gain in that Westward 2594l tons making aggregate
excess over 1883 of 9O42 tons and actual increase in
the tons hauled mile the Main Stem, Of 1870 400
is thus clear the actual transportation has
greater than for the preceding year. that the reduction
Revenue has arisen exclusively from the reduced and low
rates at which the work has been transacted.
| The total decrease of Working Expenses on
the Main Stem and Branches is........ s92e 958 @;
The reduction in the sum paid for interest,
arising from the improved financial con
dition Of the Company, resulting from the
decrease OF expenses, s...,........... 62 ,637 8:
Making. ............... $9g2, ,595. 81
1t therefore appears, that with larger aggregate O
service performed the economies perfected produced
an improvement in comparative results of nine hundred
and ninety-two thousand five hundred and nnety-fve
dollars and thirty-seven cents.
cordial to the Master poration
Mr. W. p Smith, for the able and successful administra-
tion of the affairs of his department
From the report of the Master Of Machinery it will be
observed that all the engines regularly in the
and freight service have been pursuance of the policy
the Company altered to burn COAL with very economical
and satisfactory results. The average fuel on Is
passenger engines which have been burning coal for the
last six months has been $40 per mile whilst the
same engines when burning wood for fuel from to
9 cents per mile.
The principal contract for coal delivered on the Comma
uvfEc at is M ad D
its rival Lines in this leading item of expenditure
| can be readily appreciated.
The cost of fuel and its preparation, was in
ISoS.''. $lS3,0l7 96
For 1859 94,3l9 90
Exhibiting reduction s3S SOS C6
The repairs of Passenger Cars were
| IN 1898 ,...'.'.''... S522l3 o6
| 1859 49,2OS so
--- 1904 sc
The repairs Of Burden Cars were,
| in lS5S....... .................. Sl94 0SS44
1859 l70,79s.64
-- IA 2S9 50
$17, 1874 sc
These expenditures it will be observed large being
but Sl794 36 less than for the preceding year
| ever the Master Of Machinery reports this and some
other machinery maintained fund has been re-
served from the profits, in materials hand. of S47-
022 90 for the and Improvement of machinery
From the period the Company expended S495 in the
purchase partial improvement of the Camden Station
property expectation has been entertained of CLOSING
one or streets passing through these grounds he
E,,+a anHI IOv ri