Evening star. [volume] (Washington, D.C.) 1854-1972, 1863-10-15
BALTIMORE AND OHIO RAILROAD


Important Meeting Of Directors.
A regular meeting of the Directors Of the
Baltimore and Ohio Railroad, was held yester-
day in Baltimore, and there was an unusu alIy
large attendance.
The reports from the different departments
exhibited a full maintenance OF the condition
Of the road, machinery and organization Of the
company for continued large business.
The Committee on transportation submitted
contract between the companies forming the
route from Chicago to Bellaire, via Monrou-
Vile and Newark, by which tho Newark, San.
dusky and Mansfield railroad agrees to alter
its gauge between Newark "a point on the line
OF the Central Ohio road) and Sandusky, from
the present width Of feet inches to feet 9X
inches, go that cars can be loaded IN Chicago
and run through without change to Bellairs
opposite the terminus Of the Baltimore and
be sixty miles less In distance than the line
used at present via Toledo, and will present to
the commercial interests Of Baltimore direct
connection with Sanduky, which possesses one
furnish to the Baltimore and Ohio line most
desirable and vastly improved communication
with Chicago and the Northwest
Inc contract was approved of, and it was
stated that the guage is now being changed,
and this valuable avenue will be open for tho
commerce OF Baltimore and Washington du-
ring the present winter
James L. Randolph, Esq, was appointed the
engineer to take charge Of the building of the
bridges. ~.
The Directors declared a dividend of six per
cent On the stock OF the main stem Of the road,
and dividend of five per cent on the stock of
the Washington Branch road; the u S. tax to
be paid by the company.
The President q. W. Garrett Esq. } reported
the road in most prosperous condition, not
W,thstanding the frequ Interruptions by the
enemy.
With three intervals Of possession by the
enemy OF portions Of its route during the past
fiscal year, yet for an aggregate period Of six
months and ten days the COMPANY had control
OF It's entire line for transportation between
Baltimore and its termini on the Ohio river.
The company has thus been enabled to partici-
pate partially in the large revenues being
earned BY the Northern Atlantic trunk lines
and the results OF its business are such that the
executive had 1t in his power to recommend
the proposed dividend of six per cent on the
10 SIX per cent. per annum from 1858 to this
period. r-4.-- -
The sinking funds have been fully main.
tanned during this difficult period. On the let
OF October, 1862. the aggregate of the sinking
funds, Tor the redemption Of the mortgage
oe DTS and ground-rents, amounted to S1,U37,sS9
w, and on the LIST OF October, 1863, to S1,2i64il
81. At the former date the amount of the sink
Ing fund for the redemption Of the I've million
city loan was SSl2,664 70, and on the LIST of
October, 1863, it was $s59,965 "a, exhibiting an
aggregate increase for the twelve months Of
&255, ISL ~. t.I,-ls
The company has continued to make all its
purchases for cash, and therefore is free from
any hoatlng debt 1t also reserves in avail
able assets and uncollected revenue, a large
sum, regarded as quite adequate for the recon.
struction OF it's bridges, the restoration of its
works, and for effecting desirable improve.
ments upon its line.