National Republican., 1873-01-04

and keeping the roads and machinery In repair
apSa sss sSins "a showing Ssns Of csn
per cent. compared with the previous year.
The following shows the earnings and working
I and an s ss nenns sSs sns
Potomac and the Washington county branches
for $50 ISL and lsi3, and the Winchester and
strnsburg branch, from July !, 1870;
Earnins- ..... Rs.a'Ss ls seelssiss % sioeatl a
sss ............ aSLss ID L@sm 81 isa.G1 %
working ex.
Penscs."...'. e.IItrc, a:ssrer Ct g:tsperct
Il Is shown that the earnings, In comparison
with the fiscal year 1871, have increased tIti,-
0sl.iA, and the WORKING expenses t2ih 2.2b, max
ing comparative increase IN the net profits Of
tb3n, ,bdaseS Compared with the fiscal year 1870,
the increase OF earnings being u, ~, i4s4e, and
Of working expenses go, S.pS, the increase Of
net profits amounts to ti,b6I, ,soe.hs.
During the fiscal year the sinking fund for the
redemption Of the city loan increased to q, 49,
bo3. 90 showing gain Of eos, ,eso.b9. -.
Under the action OF the sinking fund for the
redemption Of the fsooOoo sterling loan, ca, ,0nO
Of those bonds have been purchased In London
reducing that debt slSi,sSo, and showing gain
t.st per pound sterling TO ssi ,Sia.
A dividend Of four per cent, upon the capital
stock was paid on the lst Of November, 1sIl,
VI y
cent. Tue United States tax thereon was also
paid by the company.
The liabilities Of the company, compared with
creased as follows Preferred stock, second Sc
ries, per cent currency, SO 900; sterling loan,
redeemabe in 1901, esoO 900 at ti,sI gold, H ,aoa
The pro6t and loss account shows an Increase
for the past year Of t2s0o, ,hsT.0a. II appears by
this aocount that the surplus fund, which repre-
sents capital deriyed from earnings invested In
| the VartOna hFanfh and and
| the great improvements that have been contin-
uously constructed on the main line, and which
Is not represented by stock or bonds, now
amounts 70 t26, lb2, ,Sdp.se,
INVESTMENTS IN MACHINERY, ErC.
The rapid increase Of this fund arises from the
fact that the immense sums embraced In this
| account have been invested In engines, cars,
machinery, buildlngs, bridges, double track, In
| connecting roads and for their increased equip
| ment, &C. These Investments perform the triple
function, first OF enlarRing the tTafic and facll-
/ tiles OF II company upon It's main stem; second,
| Of controlling large additional business from
great Territories and many States over its en-
tire system Of roads, and third, OF furnishing q
capital, the interest on and earnings OF which,
not being otherwise used or divided, are added
directly TO the surplus fund. The continued
| pursuit OF the policy Of making
REiATiyKLY LIMITED DIVIDENDS,
and using its additional earnings for the purposes
stated, has provided the means, without sacri-
nee o. undue i, PresSuTe re- ioI rspIsi upon the IN
| To aid and carry out various and important en-
terprises which are largely Increasing the pros
perity and wealth Of numerous and great COM
munlties, and assisting materially the progress
| and power OF the country. II Ia shown by the
report OF the transportation department that
| there has been
| A LARGE EXPANSION or TONNAGE
| Of through merchandise, east and west, viz, from
ass 20I tons In the preceding year to h5T 6O9 TONS
| The trafnc In live stock and lumber has also
largely increased. The coal trade shows an Ag-
gregate Of 2,Od8,Gs9 tons, which includes 40T, ,494
tons for the companys supply, and the passenger
| business exhibits marked and very satisfactory
increase. The splendid new equipment, the su-
| perior hotels being erected and the general Inn
| proyements upon the Baltimore and Ohio road,
with Its additional, excellent, and short connec-
| tons, especially with the national capital and
Baltimore, will, II Is reasonably anticipated at
tract much larger travel upon Its lines
or THE WASHINGTON BRANCH.
| The earnings OF the Washington branch were
$50, $500, showing an increase OF sa3,OdS.s2
compared with the previous year. and Of ses, $50 IS
compared with lsIo: The expenditures
proyements and for repairs OF railway, depots,
! water stations, and bridges, and for pumping
water. During the year III tons OF steel were
substituted for iron rails; % tons OF new iron
rails and %, IsT cross ties were used. As stated
| In former reports, the system was adopted by
which the earnings are equitahy divided upon q
basis requiring all the expenses connected with
transportation, the repair and use OF machinery,
and OF the shops and stations of the company In
Baltimore TO lie paid by the main stem, the ex-
Charged 70 this road. % The partial eHpe1dIteres % %
charged, deducted from the revenue stated,
made the sum Of saS5, ,Ias.O1, showing an In.
creased gain compared with the preceding year
4 dividend Of ave per cent was paid on the
10th OF October ISL, for the half year terminated
September 30. ISL, and on the lIth OF April, isI9
1874.
METROPOLITAN BRANCH RAILROAD.
unexpected delays, arising chieny from unu-
| suhl sickness among the workmen upon portion
| of the line. have occurred In the completion OF
! the Metropolitan branch road. The entire line
from Point Of Rocks to Washington Is so nearly
Notwithstanding the heavy masonry At Monoc-
acy riyer and other points upon the rOad-that
lts early opening may now be safely anticipated.
The through passenger service between the West
and Washington and Baltimore can then be per-
formed by this direct and excellent line, 10 that
the donbe-track road between Point OF Rocks
and Baltimore can he used without interference
by passenger trains with the enormous AMI In
creasing tonnage business Of the company. The
capital Invested In the Metropolitan branch ruad,
At the close Of the fiscal year, amounted 10
! t2,shb,O4
| run PiITSBuRG, WASHINGTON AND BALTIMORE RAIL
| Road,
Heavy expenditures have been continuously
required on this road 10 place II In effective work
ing condition. Large additions OF engines and
cars have also been necessary for Its service. Its
condition has therefore required constant and
r, ,SsaGss ss or es 2,
| must always materially advance the business
interests OF Baltimore and Pittsburg. this road
viii, by the persistent pursuit OF liberal policy,
ultimately become remuneratiye Investment.
Arrest Of Store Thieves.
For some time past the merchants OF the
northern part Of the city have suffered greatly
from petty robberies. The thefts were generally
committed about the dusk Of the evening, and
boxes OF tobacco, barrels OF nOur and mats OF
ralslns, which had been delivered by the ex-
press that evening, wOuld disappear from the
| front Of stores, and no trace OF them could be
found until last eyeh!ng The ofioers Of the
not carry the articles Oh without the assistance
Of q team OF some kind, and so IL proved.
Thursday night box suddenly disappeared
from In front Of Mr.. E. Barrett's store corner OF
Tenth and I streets, containing brrshes, SOAP
and fancy articles, which he promptly reported
to the station, and shortly after Mr.. John r. rs
gooL, corner % % o. Ninth and g streets, missed
mediately went out and saw two men have IL
about thirty yards above his store, and wagon
backed up ready to receive IL. The thieves, on
finding themselves discovered, ran on The
team was brought to the station by oniceB Co
lumbus and DALEY. Yesterday morning two
Wel-known colOred thieves, named Robert and
Joseph Lane, came to claim the horse and
wagon, The statements made by them TO Lieut.
EcklOn were so conflicting that he decided TO
hold them and search their houses. Sergeant
SelbOd and OniceT Columbus proceeded 10 90
through their houses, In Prathers alley, and found
goods belonging to Mr., Barrett and part Of the
box IN which they had been packed: They also
found lot OF fancy articles, which had been
stolen from 6Otthelf Behrena, seventh street
Afterwards the house OF Harriet Thomas was
visited, on X, between Thru aud Fourth Streets
apd more goods turned up, and she was taken 10
the station. The whole party, consisting Of
RObt. Lane, 10 Lane, Richard Lane and Harriet
Thomas, will have a hearing before Judge Smell
this morning. The team ls still held at the sta
tiOn.
A Man Falls Dead In the street.
Yesterday, about 1880 O'Clock, the vicinity OF u
and Eighth streets was thrown into intense ex-
excitement by seeing o man, while walking along
the former street, suddenly tOtter and fall. The
analr soon gathered about the man large crowd,
who found blood rushing from his mouth and
nose. In few minutes thereafter life departed
| OfllChr nnNnll. helnR near hY anmmnnAd ANNA