The national Republican. [volume] (Washington City [D.C.]) 1866-1870, 1869-04-17

The regular monthly meeting of the Board
Of Directors Of the Baltimore and Ohio Rail-
road Company took place on Wednesday
last, J. W. Garrett, esq, In the chair.
Upon the presentation by the Committee
on Finance oftheir report recommending the
declaration Of the usual semi-annual dividend
Of four per cent. on the Main Stem and 1--WE
per cent. on the Washington Branch, and
the payment of the United States taxes by
the company, the president made a state
ment In relation to the financial condition Of
the company and the various works Of i'm
provement 1t has at present In progress. He
stated that upon the Metropolitan Branch
large forces arc engaged and much work Is
being performed. The road from Winches-
ter to strasburg Is under contract, and work
upon nearly that entire line Is also being
prosecuted. A large amount Of preparation
has continued to be made Of the work for
the Ohio river bridges, and the expenditures
for these structures now exceed $500, 900.
The completion Of the arching Of the
twenty-three tunnels on the Parkersburg
branch, and the general improvement In the
condition Of that road, combined with the
improved condition Of the Marietta and Gin
cinnati road, under the present vigorous ad-
ministration Of the affairs Of that company,
will enable the Baltimore and Ohio company
10 WHICH ID uuptCCCuChtCu Al tuC
tory of travel bctwixt the East and West.
The company design establishing a line be-
tween Baltimore and Cincinnati via the Par
kersburg branch, which will require but
twenty-four hours between the two cities.
This arrangement will commence with our
spring schedules, and the line cannot fall to
command large increase Of traffic.
1t will also be gratifying to learn that not
outstanding all the complications In the
west by efforts to cut of the Baltimore and
Ohio road from some of Its natural connec-
tons, yet, during the past month Of March,
with the relations that the company has been
able to maintain, aud others which 1t has
improved, whilst the revenue Of the main
stem and branches In March, 1868, was
S7lS, 49l. 68, the revenue for the last month
March, 1882 proved to be $3.50, 494.s6 4;
thus showing an Increase for that month Of
ser, 9031s. The work upon the Pittsburg
and Connellsville road Is progressing salts
factorily, and 1t Is proposed to place, at an
early day, all the remaining sections under
contract. No effort will be spared 10 open
this invaluable and powerful line at the ear
lcst practicable period. The progress OF our
steamship enterprise has continued very sat
isfactOry. The economy In the price Of coal
at $500 per ton, as compared with New
York, aids largely In the success Of this en-
terprise.
The President then made statement In
reference to route proposed to be con-
structcd upon Locust Point, Baltimore.
Much objection has been made by passen-
gers between the national capital and Phil
adelphla and New York to the delay In pass
ing through the streets Of Baltimore by
horsepower, as well as to the slow speed re-
quired In approaching Camden and President
street stations. The increasing business OF
the city adds continuously 10 the use OF
Pratt street, aud causes serious difficulties
In transferring cars In the passenger and
freight service between the Philadelphia and
Baltimore and Ohio railroad stations. These
embarrassments In transportation produce
also much apprehension, although with the
great care exercised but few accidents have
occurred.
Under these circumstances the company
has sought most carefully for plan which
would prove permanently for the best Inter
ests of the community, and accomplish, In
the most convenient manner, the rapid trans
fer demanded by the public interests. Our
engineers and officers, In conjunction with
those of the Philadelphia, Wilmington and
Baltimore company, have unanimously de-
cided that the true route will be upon the pc
nlnsula OF Locust Point, where the popula-
ton Is relatively limited, and where the
construction and facilities of the railroad
will advance the value Of property and pro.
mote the convenience Of the people. The
company, for the reasons stated, has secured
| the property that will be necessary TO &C
complish the desired object.
aRfaHT OsI''-This Is the motto Of the