National Republican. (Washington City (D.C.)) 1872-1888, 1873-02-12

Railroad to the District-What the short
Line has Earned.
Yesterday, In pursuance with previous ar.
rangements, John Loates, president, and Fred.
Frederick and Pennsylvania Railroad Company;
Hon. John Richie, member Of Congress from
the Frederick district; d. c. Wenebrenner, W.
T. Falkner, J. ". Bierly and VIM. West, OF the
Hanover Junction railroad, met the Governor
with large number OF our prominent citizens
In the executive ONCE, where a fun and free
conversation on the subject OF the District Of
Columbia aiding In builtling the projected road
from Frederick to the District was had.
Messrs. Loates, Schley, Richie, Berly and
West made some very Interesting statements In
regard to the advantages to be derived from the
completion Of the proposed road
Gov. Cooke, Mr., A. r. Shepherd and others
who were present also spoke encoungingiy on
After general interchange Of opinions, Hon.
Mr.. Richie made motion, which was adopted,
appointing committee Of i've to take the mat
Gov. Cooke stated that he would announce the
committee shortly, and should select them from
the business interests OF the District
Among those OF our citizens who were present
AZ the consultation were VIM. stlckney, John T.
Cook, A. 8. SolomOns, IIallet KilbOum, Peter
Campbell, J. ~ latta, J. y. Brooks, }. W. Nc
Gideon and c. J. Brewer.
The president Of the road, Mr.. John Loates
presented the fourth annual report Of the COM
pany, which shows that the rolling stock OF the
road consists OF q superb nrst.Ciass sixty pas
senger coach, fifteen house and gondOla cars
anu sufficient number OF truck, dunn and
hand cars for the service Of the road, the aRgre-
gate cost OF which was si2,ls6.G9.
The net savings Of the road since Its compile
tlOn for the quarter ended December 81, IsT2
after payment Of freight expenses and passen.
ger fare due other roads, were-from freight,
A,2os.TO; from passengers, sl,T20.2l total ton
mage received during the quarter, ~, 302 tons I;
total tonnage shipped, 100, 30 tons total sub;
scrptlOn paid In, t1l2,52S.li; total Of FIRST and
second mortgage bonds, $500 900 disbursements,
500, 1880; nOaiing debt, s9O,45I.6O; other liza
hllities, t2,G62Os bonded debt, s4iO 400; avail
able assets, $50, 700; cash and unpaid subscrlp-
lion; f9,2isil. The report closes by stating that
the prospects OF the road are most natterinR,
And great announcement IN given In the new
connections the road IL Inviting, and must
sooner or later succeed. The extension OF the
road 70 the national capital under the provisions
Of the charter Is only question OF time.
col. schley, by the aid Of map, explained that
Wy road from Washington TO Frederick, advan-
tageous direct communication could he had with
New York; that coal and other products OF GEN.
cheaper, and, In fact, Notwithstanding the line TO
New York would be somewhat longer than the
present sea-bOard route, the distance could he
made In less time, owing to so few large cities
being on the route
He further explained the route, and stated that
his company did not have charter to come
within the District, and they proposed that the
District SHOULD secure q charter from Congress
10 run the road TO the District line, and also aid
IN lndOrslng their bonds.
After further conversation the meeting adj
lourned, and the gentlemen started for their
homes, seemingly hopeful OF the connection.