Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1872-04-27
A Word for no D. 3 Q. z. R.
From baltimore Ga.e.f lI&.

From Baltimore Gl-e,t ll&.
How long has 90 been since thc stock g lie
Baltimore and Ohio railroad C'mpaay was
quoted at $40 aud was difficult ofsa.s 40 that r.
Who does not know how the city staggered
under The burthcu 20 bias assumed 60 promote
the construction Of orr great ralway, aHj the
reluctance with which tae STATE Tent tle alt OF
It's creiit2 Even iu ,le darkest days of the
road there were some men. in tie midst Of %
multitude Of d0ub,ers. who hli Implicit faith
I'm the grand future that was before it. and On
the influence 60 was destined o. exert upon the
prosperity Of Baltimore. We have expended
many millions Of dollars on other works Of
public improvements From some Of them
we draw mcagre interest on the outlay,
whilst number OF others have been Uuproduc-
tive from the first and seem destined % con-
tuuc So for years 90 come-pcruaps forever
Tho Baltimore and Ohio go2i IS tls only pub
REINFORCEMENT 10 this State that has no, 0u-
Is realized. but las exceeded tie most sansu.ue
expectations Gifts promoters.
The Chesapeake and Ohio Canal Company
owes the State. at this day, over nineteen
millions Of dollars. The existing indebtedness
Of the Susquchauno and Tide Water Company
isnearly q million Of dollars The Northern
Central Company compromised the claims OF
the State Cu that road, and is now paying reg
ularly the annuity agreed upon, in len Of the
larger amount ofiuterest which the State might
have exacted. Other companies which the State
has aided have never paid any interest at all
on their indebtedness aud tie prospects are
that some Of them never viii.
The value Of All o( them iu other respects
we DO not dispute l, is, nevertheless, true,
as Comptroller Woo,NTl declares In lis last
report t5 the General Assembly, tina. the stock
taken and tie loan made by the State 90 the
" Baltimore and Ohio Railroad Company, are
e. the only investments which the State has
made in internal Improvements that have
been decidedly profitable
Such. also, is the experience Of the city Of
Baltimore. Criticize the management OF the
Baltimore and Ohio Road as we may, and
criticize also as we may some Of i,s dealings
with the city aud State-Wba;ever view we
may take of these matters il cauuo. be denied
llttlc road bias been for years past enc Of the
chief agents in increasing tie commerce and
wealth, and the population Of the city, and
Indirectly. lUt not less certainly, tEe pros
perity of the State Let those who have in
vested Their means in &c compare It
with other roads whose stock las been made
the football, OF the pgoy Of spectators. The
integrity Of It's management. the method aal
system introduced into al, departments Of is
service aud the s.cal.Ccss ana ability with
which it has held is own In opposition 90 bold
and euterprising or reckless rivals. afford them
lust reason 90 congratulate themselves on the
prudence Of their choice.
The magnitude Of the operations Of The
Company was only imQegGctly expressed by
President Garre.t-at The monthly meeting Of
the Board Of Directors. which was held yestsr-
day-Ulsu De alluded o. tie fact that during
the'preseut year the probable increase ofequip-
ment will DO forty locomotives and two thou
sand cars. and that the monthly disbursement
Tor labor, material Nc.' amount 20 seven hun
dred and fly thousand dollars
It's prosperity can be understood from the
announcement made By 1Ir. Garrett that not
wiihsanding the large expenditures incurred
in forming new connections and 10 opening the
way % Others the accumulated earnings of the
road vii. allow Of annual dividends of ten per
cent. hcreafcr-a sem;-aunual dividend II
five per cent. f1r the last six months being de-
clarcd elsewhere in these c.lums-thc compa-
ny paying the United States tax.
But there were other subjects touched upon
by 8Ir. Carr %. which a-s % scarcely less pub
Die Interest. Ills vital 90 the Development Of
our commerce that we should have steamships
plying regularly between this port and Europe
The freight offering 0n this side is becoming
30 abundant that If four additional steamers
were put on the Bremen audS1uthampt0u line
they could readily De furnished with carroeS.
Representations having been made % tie
North German L.oyis 90 this olect tlcy have
agreed 90 put on TIVE more steamships Of lag
ger capacity and increased speed, as stated .~
our Issue Of yesterday whilst 4Ir. Allan. Of
the Allan line has promised 90 double The ca
pacity of his steamships as soon as the chlu-
Tel 60 our Larbor is decpouej 90 twenty-five
feet. When this work is accomplished the
next grand undertaking Wi.. be % CUt o slip
channel across the Peninsula Of the Eastern
Shore and by connecting tie waters Of the
Chesapeake Bay with those of the Delaware.
shorten materially The passage 90 the ocean.
and slvo q hundred and e.Elty-fve miles Of
the distance 90 Europe by way Of Hampton
Roads and Che csres. Never was the future
Of Baltimore fuller Of promise than now. and
10 is lGt simple truth o. Say tial 10 viii owe
no little Of JOS prosperity o. The energy and en-
terprise Of tie Baltimore and Ohio Railroad
Company