Evening star., 1869-04-16
Baltimore and Ohio Railroad

The regular monthly meeting Of the Board OF
Directors of the Baltimore and Ohio Railroad
Garrett, Esq in the chair.
Upon the presentation by the Committee OF
Finance OF their report recommending the
declaration OF the Us ual semi- annual dividend
OF four per cent. on the Main Stem and five per
cent on the Washington Branch. and the pay.
ment OF the United States taxes by the Com.
pany, the President made a statement m rela-
tion TO the financial condition Of the Company
and the various works Of improvement it has
At present in progress He stated that upon
the Metropolitan Branch large forces arr en-
gagged and much work rs being performed
The road from Winchester TO S,rasburg is
under contract. ana work upon nearly that
entire line is also being vigorously prosecuted.
TO be made Of the work for the OHIO riyer
bridges, and the expenditures for these struc-
lures now exceed S500.OtO. The completion OF
the arching OF the twenty-three tunnels on the
Parkersburg Branch, and the general improve
ment in the condition of that road, combined
with the improved condition of the Nariett.
and Cincinnati road, under the present
of that Company. will enable the BaIu.
more and OHIO Company TO do that
which is Unprecedented in the history
OF travel betwixt the East and West.
The company design establishing a line be.
tween Baltimore and Cincinnati VIA the Par
kersburg branch, which will require but "a
hours between the two cities. This arrange.
ment will commence with our spring sched-
ules, and the line cannot fan TO Command a
large increase OF traffic. 1t will also be graft.
tying to learn that Notwithstanding all the
complications in the west by efforts to cut off
the Baltimore and Ohio road from some of its
natural connections, yet, during the past month
OF March, with the relations that the company
has been able TO MAINTAIN, and others which il
etem and branches in March. 1858. was S3ls,.
49l6s, the revenue for the last month March,
1857 proved to be 1896, s6-thus showing
an increase for that month OF s2l7 7,9J3.Is. The
vunr fha Dstteh
road is progressing salts factorily, and il is
proposed 70 place, at an early day, all the re-
manning sections under contract No effort
VIII ne spared 70 open this invaluable and
powerful line at the earliest practicable period.
The progress OF our steamship enterprises has
continued very satisfactory. The economy iu
the price Of coal at s25O per ton, as compared
with New York. aids largely in the success of
this enterprise.
The President then made statement in ref
erence TO route proposed to be constructed
tion has been made by passengers between the
National Capital ard Philadelphia ana New
York to the delay in passing through the streets
OF Baltimore BY horse power, as well as to the
and President Street stations. The Increasing
business OF the city adds continuously TO the
use OF Pratt street, and causes serious icultiss
IN transferring cars in the passenger and fright
service between the Philadelphia and Balti.
more and Ohio railroad stations. These EN-.
oarrassments In transportation produce also
much apprehension, although, with the great
care exercised, but few accidents have oc-
CURED. Under these circumstances the COM
pany has sought most carefully for a plan
which would prove permanently for the best
I'M terests OF the community, and accomplish,
in the most con venient manner, the rapid trans.
Ter demanded by the public interests. Our in.
glneers and officers, in oBJunotion with those
OF the Philadelphia, Wilmington and Balti.
more Company, have unanimously decided
that the true route will be upon the peninsula
OF Locust Point, where the population is rela.
lively limited, and where the construction and
facilities OF the railroad will ad vance the yalue
OF property and promote the convenience Of the
OF the people. The company, for the reasons
stated. has secured the property that will he