Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1865-10-12
BALTIMORE AND OHIO RAILROAD
COMPANY


rectors of the Baltimore and Ohio Railroad Company
took place yesterday at the Office of the Componv
| Camden Station J. w. Garrett, ESQ, President in
| the chair.
After action upon the reports of the Committees Of
| Transportation and Construction, the Committee Of
| Finance reported the following resolutions which
| were unanimously adopted:
Resoleod, That dividend of four per cent. be de-
clared on the stock of the main stem of the Balti
more and Ohio Railroad Company payable on and
after the 23d October inst at the Merchants Bank
OF Baltimore, and that the transfer books be closed
on the 18th inst, and remain closed until the 2d inst
| Resoiced, That the United States tax be paid by
| the Company.
| Resoiced, That dividend of five per cent be de-
clared on the stock OF the Washington Branch Rail
road for the half year ending the Seth September last
payable on and after the 10th October, at the Mer
| chants Bank OF Baltimore.
In connection with the financial condition of the
company the President stated that the expenditures
were still very large, the force of employees being
larger than at any former period and now number
ing 7IO5 men. The aggregate of the pay rolls for the
month Of September was $3l7 275 81 The business
upon the road continued uniformly very heavy Ra-
pid PROCESS had been made in restoring the Line TO n
strictly first class and effective condition. The add
tonal abutment at llarper's Ferry had been con-
sruced, and the great west span of the iron bridge a
that point had also been erected The three spans of
the fine iron bridge at South Branch two spans at
PattersonS Creek, two spans of The 2st section and
the splendid and great iron bridge Gj feet in length
over the MonOngahcla river, near Fairmount have
also been completed
The new abutment Mt Great Cacapon has been fin
lshed and the new piers at Sleepy Creek and Yough
leghany are progressing satisfactorily. The extern
sive new foundry at Mount Clare has been finished
and is in full operation. The large new machine
shop there is also approaching completion. Much
work has also been done upon the new machine shop
and engine house at MaFtinsbur@ and it is hoped
that these important Structures will be preparcd for
int Iayrr
force Is engaged quarrying stone and at work upon
the foundation of an extensive new engine house at
Grafton. Five hundred and ten men are engaged in
the construction of double track, 36 miles Of which,
it is expected, will be completed during the calendar
year. 1t is anticipated that the entire line of double
track between Baltimore and Piedmont will be COM
pleted, under the arrangements in progress by the
close Of the year 1866 Thirty new engines Of great
capacity, have been added to the equipment of the
Company and ~ additional engines have been CON
tracted for and are under construction. Eleven of
the engines seized and taken By the Confederate
armies during the war have been recovered; one has
been rebuilt and Is now in service, and the remain
ing ten are under repair at Mount Clare. Upwards
of go powerful locomotives will thus be added to the
equipment of the Company Large numbers of
freight and passenger cars have also been purchased
and constructed to meet the heavy requirements Of
traffic.
1t is understood that the Northern Central Rail
way Company this day advanced its tariff coal one
dollar per ton which makes the rate from Sunbury
Baltimore, tl3S miles S4.5O per ton Of 2,20 pounds
The Phiadelpha and Reading Company charges
from Schuylkill Haven to Richmond near PhilndeI-
phia, (93 miles, $3.50 per ton of 22i0 pounds. The
charges from Maunch Chunk to Elizabethport 1lO
miles,) is S3Sl and from Maunch Chunk to Phladel-
phia, $50 miles $40 per ton. The Baltimore and
ONO Company charges per ton of 1000 pounds but
81 - for 11S miles from Cumberland and l10 for 206
miles from Piedmont Locust Point wharvcs-
Whilsts the charges and costs of anthracite Goals,
transported by roads with generally descending and
easy grades, are thus high and have resulted in
partly causing the present enormous price of those
Goals in the market namely S3 per ton the relatively
low charges maintained by the Baltimore and Ohio
Company, notwithstanding the large cost of its road
Its heavy grades and curves, have resulted
ablng dealers To furnish the superior coal from the
Cumberland region at = (Sevcnl per long ton. 1t is
hoped that the working expenses of the Baltimore
and ONO Company can be SO ec0nOmiSed as to still
enable the Company to maintain such comparatively
low rates of freight, and to continue to furnish coal
also to continue to demonstrate the great relative ad
vantages of the of the i-btumnous coal from
the line of the Baltimore and Ohio Road and its
vicinity. The transportation Of coal is ut present
very heavy, the average quantity brought to the
city being upwards of 900 tons per day
With the large increase of motive power and addi-
tonal tracks, and the general arrangements of the
Company for vigorously prosecuting this important
business, il is hoped that largely increased supply
can be brought to market. The manufacturers Of
Baltimore are thus realizing great advantages by the
comparatively low cost Of this Invaluable fuel and the
railroads and factories throughout New York and
New England.
The policy of the Board in prosecuting with rapdity
the extensive improvements upon Its line, and adding
to the already vast facilities for traffic it is believed
will result in large and permanent increase Of the
general business Of the Company and of the trade of
the city.
The attendance Of the Directors was quite full and
after the transaction Of much routine business, the
Board adjourned.