Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1873-01-11
Baltimore q Ohio Railroad Company.
g4e reelection of Hon. John W. Garrett a

Pfesident Of this Company, for tue fifteenth
time, is proper tribute to the energy and
ability Of that eminent gentleman.
The synopsis Of the Presidents report, which
we copy from the Baltimore Sun, will give the
reader an idea OF the magnitude and import
auoS Of the great work in his hands Weare
especially sra,i6ei to hear Of the near compile
lion Of the Metropolitan Branch, over which
cur citizens will sooa De able to travel to Wash
inston IN about three hours.
We are pleased also To hear that the Win
chester and Potomac aud the Winchester anu
Strasburg branches have yielded fair revenues.
Notice has been given by the Winchester Dr.
rectory Of dividend Of three per cent for the
last six months
The Baltimore Sun says The general details
in regard 10 the business aud operations uf the
Baltimore aud Ohio railroad during the fiscal
year ending September 30th, 1872 are very
succinctly stated ia the forty-sixth annual re-
port Of the president aud directors Of the COM
pany, which has just been published We
Will briefly recaPituIste some of its more salient
facts and figures.
The gross revenues Of the Main Stem. in
GLIDING the Winchester aud Potomac, the
Washington County aud the Winchester aud
Strashurg branches, Of the Washington Branch
and ParsersLurg Branch railroads, Of tie Con-
trail Ohio aud Lake Erie divisions. aud the
Wheeling, Pi.isburs aud Baltimore railroad Tor
the fiscal year, aud Of the Newark Somerset
S;raitsyIlle road from May 20, 1872, were over
thirteen millions Of dollars, or, in precise f.
ureS, Sl5626,6T7 81. or this ar,onut the
Main Stem IS credited with SIO,G54,47l SO,
while The earnings q the Washington Branch
are put down at $3.50, B45 o. The aggregate
expenses of tue read during the same period
were SIS, 367 .474 90, making The net earnings
something over fee and quarter millions Of
dollars, Of whi,b the Main Stem and branches
appear to have earned over fur millions and
a-half
During the same period the liabilities
If the company were lucreas d 81 1000
caused chiefly by thV negotiation Of three hun
bred thousand pounds sterling Of the mortgage
loan of s2,000,000, payable III 1902, hereto
fore resolved upon, in order to furnish means
% carry on the works in which the company
is uuw engaged, aad tor the construction OF adj
jiiiuual lines at an early day. Two dividends
-cue uf four per cent. aud the other Of five
per cent.--on the capital stock were declared
during the same period, and TIVE dividends of
i've per cent each on the Washington Branch.
Besides making these dividends, during the
year the profit aud loss account shows an in-
crease Of $2905,5S7 o. By this account It
appears that tue " surplus fund, " representing
earnings Invested in engines, cars machinery.
buildings, bridges, double track. connecting
roads, and their equipment, not represented by
stock or bonds now amounts o. more than
tweuty-siX millions Of dollars, (S26, 1872. 269
Sol
Daring the year 4l2,slO new cToss-tes, 0.
S04 tons of iron aud ais tons of steel were
used Ia repairing the tracks Of the Main Stem.
The whole number Of miles Of track now laid
with steel is 256. aud contracts are stated to
have been made for lG 600 tons 70 be laid du-
ring the next year. Iu the coal region, ar
engagements are being made for the constitute
tIuh uf q third track, besides pushing forward
tiy work upon the >rcuui track beyond Pied
mont, o. which point from Baltimore the second
track is complete. Other special imprnve-
mcut, iu contemplation are the erection uf an
capacity ~ 100000 bushels, and the addi-
u"u ol five hundred hnppers of eleven tons ca
pacity each for the coal trade
Some tea of the magnitude Of The business
which has yielded these enormous revenues,
and required these expenditures, aud is still
calling for larger additions 10 the facilities al
ready furnished by the ruad. may be had from
the statement that the through Tonnage Of uer-
chaudi>r East aud West during the gear was
$4,000 tons, being nearly one fourth larger
than that Of the year before while the coal
trade exhibits an aggregate OF 2O67 ,GS3 tons,
inclusive ct coal carried for the compluy's own
supply. NJ figures are given in reference T.
tire passenger traffic, but It Is stated that this
business exhibits marked aud very salts
factory increase" The rolling stock required
trrall thi, business consists Of 423 locomotives,
$50 passenger and baggage cars, and S,579
house stock and other ears. The new aud AL
ditioual equipment furnished during the year
consisted ot 4S engines, 9 ! palace and pasSeu-
ger crr> ard 1854 ears fur general tonnage,
PA f which we're 10 replace cars worn out or
Hukeu
No change Il policy 'r the management Of
Tie ruai Is recorded or flrrShIdOwed in the re-
port Il is mentioned with satisfaction that
the cumpauys tariff flr coal has continued,
summer and winter. without alteration for
nearly five years Renewed confidence is ex-
rtr>sr, that the Pti>hurg Washington aud
Bai'inure rad will ultimately become a re-
uuuera'ive investment
The delays which have occurred in the com
p'r,iou ul the Metropolitan Branch road are at
trbutei chiefly 90 unusual sickness among
the WORKINGS. upon portion IF the line but
lhr assurance is given that. the heavy work
t,irg mostly over. lis early opening may be
safely anticipated During ;he past year the
company has acquired control hy contract, of
Tire Newark. Somerset aud StrlitSvjllc railroad,
extending from y, walk. To- Ohio, through Lick
us and Perry counties, ~ miles. 90 the coal
MINES of the Shawnee alley, which Is spoken
"f as "a desirable cuuueclipn. The earning, nl
Mi, road from Mag 20th To- September 3Oth.
1872 are put down at S26 ST. 96-eXpcuscS
a. Sl7SS3 70.
For the future. ths great work n c0uiem-
pIatiur, To- fUrtherauce Of the Interests Of the
ruld aud It's western connections. is the con-
>tructinn of The Baltimore PI'lShurs aud Chi
ra-u railway from a point 80 miles north of
Newark. tOlio.l un the Lake Ere division. to
Cmrasn-A distance of $50 mies-whjch i
expected within Is months 20 he built aud "a
uoe Altogether the exhibit made of the az
hairs and condition, present and prospective,
ol this great work ct internal improvement,
FIR which tuis State and city have tie right t.
expect much ia return, Is highly gratifying
aad cre,lit,bk 20 all concerned IN the mauase-
uirut and working of tive road
Perr,ble Accident