The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1873-12-19
REPORT OF THE PRESIDENT OF THE

CHESAPEAKE AND OHIO RAILROAD
This document was read by Williams G
Wickham at an adjourned meeting of tn,
stockholders held in this city yesterday.
The following gentlemen were elected
| directors for the ensuing year: @. p. Hun
tington, A. A. Low, William II. Aspin
wall, David Stewart, Jonas G.. Clark
William b. Hatch, and William White.
wright, .jr., of New York; Pliny Fisk
of New Jersey; II. O. Parsons, of West
Virginia; John Echols, and Williams @.
Wickham, of Virginia. sn -,l,
President Huntington refers to the
measures taken by him to ward off the eff
fects of the late panic, and to complete the
western connections of the road. From
his report and those of the other officials
of the road we gather the following facts !:
Total earnings for year ending September
80 81, ,210, ,50S.92. Disbursements $780,
70o.Ol. Net earnings $3.50, 0,80s.91. Ex.
penses 70 per cent. "'f
The surveys for the connections west
and north of the Ohio river are completed.
but no definite location IS yet determined
upon. I#EHFu 81 W I"t ET
The Peninsular extension, intended to
connect the road with the beautiful harbor
of Yorktown, has been located during the
summer. The distance from Richmond is
about 5S9 miles the maximum grade is 80
feet per mile, except near the proposed
wharves at Yorktown, where 40 feet per
mile for short distance may be used.
The alignment is superior, and the estima-
ted cost per mile very light. Il
There are about seven miles of tunnels
on the road, all completed, except the one
under Church Hill, in the city of Rich
mond, the actual cost of all Of which has
been much greater than the engineers
By purchase and manufacturing at the
shops the rolling stock of the
road has been increased and now consists
Of 20 locomotives, 83S box, S5 stock, 229
flats, 128 gondolas, 561 eight-wheel coal,
ESQ four-wheel coal, 130 gravel, II bag
gage, mail and express, "a passenger, /
pay, 7 caboose, and 3 sleeping-cars.
There has been laid $4,000 cross-ties
and twenty-five and half miles of rails
mostly steel), in addition to other material |
lsed, and the track is in excellent condi-
ion. Ballasting, costing $4,000, has
,een done. zaFa r
Length of road 421 miles, which will
compare favorably as regards its grades
md curvatHres and the durable character
If its construction with any other in this
country. t&J3 II IF
At the opening of the line there were
,ut two coal-mines tributary to the line.
There are now, either in operation or
Iearly ready, eight, and three others are
n preparation and will be opened soon.
'wo iron-furnaces are being built at and
ear Clifton Forge; others will no doubt
'e built next year. -
New depots have been built at Ander-
on's, Bumpass's, Waynesboro', Eliza
eth, Pond Gap, White Sulphur Springs, |
nd other buildings on the line have re-
eiyed the necessary repairs.
The Lewis tunnel was completed so that
ne temporary track over it was dispensed
nth in July. This tunnel is about 1000
'et long, and driven through solid rock.
The car-shop at Huntington, 800 by 80
,et, is completed. The foundation walls
,r the remaining portion of the smiths
hop have been laid. A portion of the
ound-house for locomotives Q3 stalls) at
taunton is completed. and the walls for
nat at Hinton Q5 stalls) are ready for the
oof.@