The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-11-20
50 $50, ,485 7e $3,6I8,6l8. ASA, 22,20e 81

repairs OF Stationary
4 Machinery. y.......... SS 3InSI 245i391 9i so9 o.
Watching Cuts.......F 32S73 81 SGsG5 sol % i9i a
Watehngg WatcRng RraFss 3% s95 g g s3s
Pumping Wattr....... 1887 u 99l7 ri 62S9 N
Repairs Of lump Cars S77 aS ds ~ Ia y
Rsnars Of Brrd' Cars I9E6Ss4 1875 "a ISL S ssI h
Ciea9'g Eag's Cars 52459 81 1861 9j 20 sos %
M':ny D::a gss9S 4ss9 6 7sstas stas 7s M fs
:, Filling Tenders. s5ass 81 2O8o25i 1sls7 70
s2 5al ,l99 2sIsl ,68l 997 8l!slGl6,6l56 6I
1t is shown that while the gross revenue in COM
parison with the last fiscal year. has increased
S3O3 54 49, the working expenses have been re-
duced sos Z23 making an increase OF net profits
of the Main Stem of S37l, ,9G6.72. As compared
with the fiscal year 195S-the increase of revenue
being $50, 7l7l5, and the decrease of working ex-
penses S9l4 $50. .68-the increase of NET npofts
amounts to $3.50, ,30O.S3.
The Company has continued to make its pur-
debt.
By comparing the financial condition of the Com
pany, presented at the close of the last fiscal year.
1t will be seen that the following payments have
been made:
For increase of the Sinking funds exclu
siYely by investments from the current net
earnings viz: The Sinking Fund for the
redemption of the City Loan, to s712,Si6..
&c. being an increase Observation-Disclosures. S4I 231 GO
For the redemption of the Mortgage Debts to
1868 $1,000, being an increase 155 1888 80
| For redemption of Ground Rents on Camden
Station to s74,9Gs.93, being increase of I425OOo
r. Aggregate increase of Sinking Funds. s2osl4 %
For Rolling Power:-Payment to Ross Wi
mans for locomotives, under contract as
sumed from the Northwestern Virginia
Railroad Company...... ............... 2s4sO co
For additional advances under the agree
ment, after crediting all revenue received
to the Northwestern Virginia Railroad
Company for payment ofinterest Including
| $4,000 on the bonds of that Company guar,
antied by the city of Baltimore,) and for
expenditures in improving the condition Of
For semiannua cash dividend Of per cent. ''''i
on the capital stock, 9th November last 3O3 34s co
on the capital stock the 18th April last 3O8 38l 90
for interest on the dividend bonds oflS62 23S 1880
Making ;..:,....-..... .......,.... a6l, sos "a
treasurer for the payment Of the remainder
OF the interest on the dividend bonds of
IsoZ'.. 8l2 s31 90
Exhibiting total 81 677 834 "A
In consequence of the improved condition of the |
Northwestern Virginia Railroad, and the greater
economy IN working, the advances to that Company
nave been reduced, compared with the preced- |
ing year, S3G, l7l.04; and SS5 752 "a as compared
with 1858.
The balance of cash in the Treasury, on the 3Otb
of September, is $3.50, IL, after deducting
Sl65 O00 for payment of interest on the CITY loan
and the bonds of the Company, which mature on
this date Included in this amount, is the sum re-
1852. ''' '1' pay menu 0' interest on tue ponds OF
The bills receivable and sum due from the Post
Oince Department, for mail service, amount to
225. g. ''
Statement C of the Treasurer, presents the sc-
count of profit and loss.
After charging interest and ground rents for the
twelve months, S735, ,314.38; S2S5O paid in com
promise of suits of 1856 and 1853; So $50, bonus
paid to the Directors of the steamship Great Eas,
term in arrangement for her visit to the vicinity of
the harbor of Baltimore; and 81 19l .27 a loss in
settlement with the Western Telegraph Compauy; |
and crediting the dividends and rents received from
the w ashington Branch, the ncrements of the sink
nplnf maid into fhn
dlherence In the amount ofmaterias on hand in the
machinery department, and the revenue less al
expenses-the net gain is shown for the fiscal year.
OF 81 S34 .25, being upwards of IS per cent on
the capital stock. Charging additionally as egiti-
mately due for the fiscal year, SlSl 1888. .60-being
one years interest on the dividend bonds of 1862
the remainder is 585 65, being upwards of l6
per cent. on the capital stock; and, deducting the
entire interest on the dividend bonds for three
years, accrued to the lSt of June, 1860 (viz S545
$50 8O) the remainder is 81, ,2s8 45-which still
stock.
The strong financial condition of the Company.
enabling it to purchase all its supplies for cash. and
to avoid any necessity for borrowing money, has
caused further reduction, in the sum paid for in
terest, of SIG, ga, compared with the preced-
1858.
After all Observation-Disclosures the semi.an-
nual dividends, S6O67 the extra dividend, So
$4,000, and the entire interest accrued thereon,
S545, $3.50. S0-the profit and loss account presents
surplus of So, ,74l 1886
H.-oF THE WASHINGTON BRANCH.
The financial condition of the Washington Branch |
is shown by the statements of the Treasurer D. F
and I.
twill be seen by statement E that the revenue
for the year has amounted to S462 $50 A, exhibit
ing an increase of $50, 0.9l over the previous
year. The working expenses have been S173, ,042..
81 being S6369z less than in 1852 and leaving net
the sum of S2S9, IL, thus presenting, compare
lively, an increased gain of S2l, ,297 SO.
The ratio of expenses to for 1858 was 435
per cent; for 1859, 1928, and for the past year,
81. 3S per cent. ,
The sums paid to the State of MARYLAND during !
the year, on account of the capitation tax, have
been, viz.
For tax passengers between Baltimore and
Washington Junction, for the fiscal year IS GIL O6
For tax on passengers between Washington
junction and Washington ton.................,69 2Iose
Making ,s2l 95
Being 26.s per cent. of the net earnings +
semi-annual dividend of ~ per cent was paid
IN october, 1859, and the same in April last A |
similar dividend for the past six months has been
payable on the 9th inst.
IH.-oF THE NORTH WESTERN VIRGINIA RAILROAD.
Statement G of the Treasurer shows that the rev.
enue OF this road for the fiscal year, has amounted
$50. .65. "-'4' @
The exhibit is accompanied by the remark, that y
" in consequence of the incomplete condition of this
road, considerable sums which, from the difficulty
of accurate adjustment, appear in the statement I
charged as repairs, properly belong to construc-
tion, thus explaining the large ratio of working :
expenses. II
The revenue is S29, OBI SO greater than for the a
previous year, whilst the comparative expenses S
have been reduced S3,68393. The net gain, as
compared with 1859, is S32 715.76 and as compar-
ed with 1858, is S79, ,865. 20. "
The ratio of working expenses to revenue, for 0
1858, was SlO2.l2; for 1859, S82.55 and for the $
past year, S72.2S per cent. Il
The report of the 5iaster of Road presents the t
particulars of the expenditures in this department
L. VIII be observed that the outlays have been 4
ioeral Tor Strengthening and improving the road o
and bridges. t.
GENERAL REMARKS. p
The aggregate revenues, working expenses, and s.
act results of the Main Stem, Washington Branch Il
Ind Northwestern Virginia Railroad, for the fiscal .
years, terminating respectively 30th Sept 1859 ft
md 1860, have been, viz: c.
dain Stem s36l86iS45 202 % Ii
BFaPfh T a 1E a 9osG91
Total. sol oO927 1864 .286 SO a58 827728
Decrease of ~
sR1ns: s5s 57s4 lss1 s ESPg2s
a'h H5'Psh % as5s ISss 15isss5 ssss
s2O56e47.67 1854 4,2i459 727O8O8 &,
Total increase of Gross Revenue 1858 277 % ~
decrease of Working Expenses. 72,7O3,Os a
Total increase of Net Earnings s425, $50 81 b.
An aggregate reduction is shown of S72, ,703 08
working expenses, compared with the preceding tt
ear, although the large additional traffic has i'm ii
roved the revenue S353, ,27723, making an in in
reased net gain of S425, ,98031. The same COM m
arson with 1858 exhibits an increase of gross rev.
nue. of $50 373 73, and a reduction in working ex-
enses OF 81 OO2 66l.l3 presenting increased net
ain of 81, ,0s3 O34.s6 =;
The progress of the Sinking Funds, for the past G
We years Is presented in the subjoned statement:
mixing Funds from lSt October, 1856, to 3Db September
1860, fire years., M. al
Sinking Fund for the redemp.
otas OF the three ton of the -,
linking Funds for the m
We years from list Oci Five G. Rents CT
pier, 1885, to the Both Million Mortgage on I,am- al
eptember, 500. Lean | Debts Station | -
55. s4890S6 II 1856 S442144 81 $50 0O0OO S2i94I66
GS3,T544 1857. 5l0,99 AZ 1877 ,3S3 SO S544l66
5S 937 1924 5 1855. Gl9675 Sl 2T0,66666 s69ll &c ~
SO l145 $50 4S5g GIL GA I6l 4l3 glib 6U7l9qo u
500 1856 y371 35 1861. 7l2s46 81 5sE o. "A 969 g. u
The increase from S4S9 0s6 II in 1856 to 81 $780,
Z l.35 In 1860, proves the system adopted by the
company to be successful. In addition to the ac-
H.. haII