The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1875-11-18
Baltimore and Ohio Railroad.
FINE SHOWING FOR THE FISCAL YEAR.


+ BALTIMORE, Nov. 15.-The regular annual
meeting OF the stockholders OF the Baltimore
and Ohio railroad took place ats their office, at
Camden station, to-day, when the forty-ninth
annual report of the President u. w. Garrett)
and Directors was submitted. The report
states the total revenues of the road, including
the main stem, branches and western divisions,
for the fiscal year ending September 80, 1875,
to he $l4, 426, 552 .26, showing i decrese, COM
pared with 1874, of 1920. 53s. Is; decrease COM
pared with 1878 Of sl,266, 646.4 40 an increase,
Compared with 1872. OF $799, s74.96; an increase,
Compared with 1871, of q, 1865, 022.S5; an in-
crease compared with 1870, of 50, $50, 1SI 10
Net earnings, 81, 400, 009.60. The surplus fund
of the company, September. 30,aS75, WIS 1884,,
,023, 5G6.S3. The entire mortgage. Indebtedness
in currency and sterling is, 1913, 7l6, 1874. SO.
showing that the surplus fund, representing
the capital derived from net earnings invested
in its branch and connecting roads and in iin-
provements constructed on the main stem,
which is not represented by either stock or
bonds, exceeds the entire mortgage indebted
ness Of the company 81, 1907, 232.25.
The report shows a.. steady and continued
annual expansion of tonnage Of through mer
chandisc East and West. The quantity of
COAL TRANSPORTED -fi
was 1,972,Os7 tons, decrease compared with
1874 Of 25S, 739 tons, which is attributed to the
severe depression in the; manufacturing and
steamship interests go
a.. The passenger earnings exhibit an increase
from $l,5lS, 522 6S iii the preetuiiag year to 3d.,
6l3, 299 "a. This result is. gratifying. as the
rates during Il large portion of the. year were
greatly reduced by the railway conflict.
The report says .'In view Of the protracted
| and extraordinary inactivity of every branch OF
business and the universal depression OF manu-
| featuring industries of the country, these re
| suits will be regarded with satisfaction. When
further considered in combination with the
united and prolonged attackszof the great
trunk lines upon the business and interests of
the Baltimore and Ohio Company, during which
time rates entirely unremuneratiye were estab-
lshcd for the transportation Of freight, partic-
ularly between the seaboard and Western cit
les, the results arc not only satisfactory, but
gratifying. 80.
1t is believed that the erroneous losses thrown
upon the roadways of the country by the in
| judiciolls assaults made upon the Baltimore
and Ohio Company will cause o wiser policy to
be generally adopted and maintained in the
| future.
Such extreme Irregularities and rates so un-
remunerative as were needlesslyA> made have
| mperilcd such vast interests, and injured
Eseriously so much railway property that the
lessons of the past year should not fail to Sc
cure hereafter a jadlcio,,s and conservative
policy. ~ sa}ssy = =
After the report was read the following gem
tlemen were elected directors on the part OF
the stockholders Mcssrs. Galloway, Cheston,
Samuel w. Smith, Francis Burns, John Spear
Nicholas, John Gregg, Francis I. King: c. O.
O'Donnell, James Harvey, VIM. W. Taylor;
Samuel Kirby, John King, jr.,y g. A. Won
Lingen. 937'i >4's -