The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1870-11-18
4 AsUCcEssFUL RAILROAD.
The Development and Resources Of
the BaItimore and Ohio.

. . Z
The Development ana Resources Of
the Baltimore and Ohio.
A letter to the Chicago Tribune gives
President John W. Garrett, Of the Bnlti-
more and Ohio Railroad, credit for that
company's success. In 1855 he became
President, md proceeded to enforce his
principles These were, strict economy
in the working, Of the road, no sinceuress
close attention TO the purchasing. depart
mpnt, economy, intelligence, and invcn'
ton in the machinery, prompt l'Ayment
of all having transactions with the com
pany, and, in short, II practical transfer Ol
tue system of q merchants counting room
10 the office Of the railway President; to
organize and work the rONd as purely
Industrial enterprise, free from political
influences, and It's staff and IaborGrs to be
organized uponA rigid system OF promo.
ton for merit or seniority. The President
resolved 10 examine every subject and
on6tinHerSon, dtlE EtDsh QMthnt lie was
not desirous OGrecompensing himself moro
than his subordinates, he fixed his salary
at $4,000 year, and gave his Vice Prcsi.
dent $4,000. His Directors lave several
times insisted. upon voting 10 raise his
salary to $4,000 a year, bat Mr. Garrett
has invariably declined, upon the ground
TINT it would be an infringement upon the
generalscale. The stock WHICH sold up
on his accession ut S5, now ranges from
1871 to 40. Notwithstanding this in
crease, the stock Of the road has never
been tampered with, wRtGred," ," inflated
nor in any manner made to show ticliti-
ously: and while the road has paid
semi.annual dividends Of Al per Ccntum,
it has invested Of its surplus and nndtVid.
ed capital, more than twenty millions ol
dollars in branches, steamships and real
estate; none Of this surplus twenty mil
lions IS represented by the stock but Is
clear invested earnings, and the first
mortgage put upon the road was given
to thefBSFingsslSst summer tOrlJ JOJT NH
lions of dollars. Tlietc is single mort
gage upon the Pennsylvania Railroad o.
IoftvyAye millions. The Baltimore and
Ohio Railroad now represents In cost "nd
property seventy.five millions of dollars
or three times the capital OF the city o.
Baltimore when tho road was com
menced, Since Mr. CARROTS accession
the corporation has purchased the Par
kcrsburg branch, and completed and
arched It's tWcnty.thrce tunnels It has
obtained the controlling interest In the
Pittsburgh and COnnellsVille Railroad; II
has replaced its old single track with two
hundred miles of double track, reaching
from Baltimore to the submits Of the AL
Aeglanies. It's whole rolling stock has
been overhauled, md three months ago II
concluded contract with the Pullman
Palace Carl Company. 1t has nearly fin
iShud u grain eIevatDr at Locust Point; j
has leased roads ID 6lSandhsky, Columbus
and Cincinnati; 1t has under contract the
whole Of the metropolitan branch from
Point Of Rocks to Washington, and u
owns absolutely three steamships and
One.hal( Of six Others. Though II may b
said that much Of this prosperity grew ou
Of the earnings Of the road during tht
war, yet II is doubtful that any corpoFN
ton besides could havc handled itself g
well during that time. Working by MIR
CARROTS system, the wrccking and equip
ment force or this company often RAJ
four discovered portions Of its line, while
all the interstices eoi It were held BY
the enemy; this was done by using tele
graph lines In the rear. And so It hap
pcned that the rebels never madeany per
ceptble success In any Of their raids upoI
this highway; they lOd to fghtan invisi
bic system, which followed them up will
the pertInAcity Of steam. At tho frs
dash mado by, the rebels, they tore VI
thirty-seven miles Of track, one hundred
miles Of telegraph, twenty-five bridge
and water stations, and destroyed forty
two locomotives and three hundred aRt
elghty.sIx cars. Thenet earnings Of thu
road In 1865 were five millions Of dollars
or tlVe.sevcnths of the entire cost OF tht