The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1873-01-09
BaITfMoRE AND OHIO RAILROAD.


menss business transacted by the Railroads
under the control of the Baltimore and Ohio
Company. Of which John w Garrett is the
master spirit and President, and what may |
be reasonably expected Of the Chesapeake and
Ohio Railroad Company, under MIR. Hunting |
ton, when its main line, and its various trib- |
utaries, commanding the trade almost of hall |
continent, are completed, we give the fol- !
loving summary of the recent annual report
of the first named Company, taken from the
Baltimore Sun, of the 4th inst
The general details ia regard to the bust
LESS and operations Of the Baltimore and Ohio
railroad during the fiscal year ending Sep
tember 30th 1872, are very su ccinctly stated
in the fo:ty-sixth annual report of the presi
dent and directors of the company, which has
just been published. In yesterdays Sun we
gave the report pretty much in full, but for
the benefit Of those Of our readers who may
desire even more of blrd's-eye view of the
ground which it covers. we will briefly reca-
pituate some of lis more salient facts and fig
ures The gross revenues of the Main Stem
including the Winchester and Potomac, the
Washington County and the Winchester and
S'rasburg branches, of the Washington Branch
and Parker>burg Branch railroads. of the
Central Ohio and Lake Erie divisions. and
the Wheeling, Pittsburg and Baltimore rail
road for the fiscal year, and Of the Newark,
Somerset and Straitsville loid from May 20,
1872, were over Thirteen millions of dollars,
or, in precise figures, $13 626, 677.31. OF
this amour. the Main Stem is credited with
S1O,654,4716 90, while the earnings of the
Washington Branch are put down at $780,
645.04. The aggregate expenses of the road
during the same period we're $8,367 ,474 SO,
making the net earnings something over
five and quarter millions of dollars, Of
which the Main Stem and branches appear
to have earned over four millions and q hoIf.
During the same period the liabilities of
the company we're increased $l,4750o0,
caused chiefly by the negotiation OF three
hundred thousand pounds sterling of Il e
mortgage loan Of e2o00,000, payable in
1902, heretofore resolved upon, in order to
furnish means to carry on the works 10 which
the company is now engaged, and for the
construction of additional lines at an early
day. Two dividends-one Of four per cent.
and the other Of FIVE per cent ION the capt.
l. Al
Rod, and two dividends of five per cent. each
on the Washington Branch. Besides making
these dividends, during the year the profit
and loss account shows an increase Of So $685.
53703 BY this account it appears that
the surplus fund.-" representing earnings
invested in engines, cars machinery, build
ings, bridges, double track, connecting roads,
and their cqui pment. not represented by stocks
or bonds, now amounts to more than twenty
six millions of dollars, (s26 1872, 1863 36.)
During the year 412,910 new cross-ties,
1904 tons of iron eud 119 tons of steel were
used in repairing the tracks the Main Stem
The whole number of miles Of track now laid
with steel is 256, and contracts are stated te
have been made for 10000 toLs to be laid du-
ring the next year In the coal region, ar
engagements are being made for the construc
tion of third track. besides pushing forward
the work upon the second track beyond Ped
mont, to which point from Baltimore the sec
ond track is complete Other special i'm
provemen.s in contemplation are the erection
Of another grain elevator at Locust Point,
with capacity of 1 100000 bushels, and
the addition of five hundred hoppers of elev-
en- tons capacity each fer the coal trade.
Some idea Of the magnitude of the bust
ness which has yielded these enormous reve.
uues, and required these expenditures, and is
still calling for larger additions to the facili-
ties already furnished by the road, may be
had from the statement that the through ton
maze of merchar disc East aud West during
the year was 557 500 tons, being nearly one
fourth larger than that of the year before.
while the coal trade exhibits an aggregate OF
.2.O6S.683 tons, inclusive of coal carried
for the compary's own supply. No figures
are given in reference to the passenger traffic,
but it is stated that this business "exhibits a
marked and very satisfactory increase" The
rolling stock required for all this business
consists of 423 locomotives $50 passenger
and baggage cars, and 1873 house, stock and
other cars. The new and additional equip
ments furnished during the year consisted Of
48 engines, 81 palace and passenger cars and
1854 cars for general tonnage, 2l4 of which
were to replace cars worn out or broken.
3: No change of policy in the management of
the road is recorded or fereshadowed in the
report. 1t Is mentioned with satisfaction
that the company's tariff for coal has contin-
ued, sunlmer and winter, without alteration
for nearly FIVE years. Renewed confidence
is expressed that the Pitsburg Washington
and Baltimore road will ultimately become
remunerative investment" The delays
which have occurred ia the completion ofthe