The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1875-01-09

WksfsRS M. RanaoAD From Mayor
y Nansant's massage 10 The City Council of BAL
timore, which was semitic thatb ody6n nresday,
we take the following ihlftgVrh 10 The IVES.
! tern Maryland Railroad if = 3 7f
The large interest which 9ho city has il this
company renders the connection impbftant ia
all It's features. The report Of The President
! and Directors Of the company for che fiscal
I year ending with the30th of September, 1874,
presents fair exhibit Of IL condition, and
more fattoring view Of its future than has
marked any Of the recent reports
The gross earnings OF the road for the
yS sla M. ssii.s2 =
The operating expensts In 1874 wer,. 80 sS
The operating expenses Ia 1873 wcrc,.. lg2us3 81
Not Increase of revenue In ls7l...,.,,.. jfDiO "a
In the body Of the report the President and
Directors say The large increase In the rev.
enue OF the company warrants the belief that
at an early day the current interest on de
lirst and second mortgage bonds can be met
with tho surplus earnings Of the road Act
ing under the ordinance authorizing the Com.
missioners Of Finance Of the city of Baltimore
to purchase, in their discretion, overdue cou.
pons detgebed from the anendorsed bonds of
ibis company, they determined to coniine
such purchase TO coupons of first mortgage
bonds This, put in efTectin May last, check.
ed at once the movement then being made by
certain holders TO loreclose under That mort
gage, since which time there has been no i'm
pOrtant action ininiical to the interests of the
stockholders.
The second preferred holders appear we'll
satisfied at seeing their security daily strength.
encd by the rapid increase Of business the
application Of so large a proportion Of thenet
revenue to the Improvement Of the road and
its equipment, and the consequent enhance
meat in value of the property upon which
their mortgage is based they are, tlihfefote,
practically receiving the entire benefit Of the
operations Of the road. ~
IL Is not the policf of your Directors to rest
satisfied with a road to WiIliamsport but, in
view OF the great Importance 70 yourselves
and the city of Baltimore, steps will be takeu
asemly aspracticable to secure two import.
nut extensions or branehes, which, IL success
ful, will make the Western MARYLAND one Of
the important roads of the country, aud will
be the nIeans of largely promoting the growth
aud trade OF the city by bringing oft business
entirely new, enabling it to recover that which
il has temporarily lost, aud securing it in
much that II now possesses, by warding off or
neutralizing the encroachments of her rivals
With few exceptions the great cities of this
country owe their importance to their railroad
connection, and it is q notable fact that
Baltimore has fewer than any other city of
like size and importance. Philadelphia, alive
to her interests, has long since taken steps to
divert from its original and legitimate channel
almost tho entire trade of the peninsula east
Of the Chesapeake Bay. She has more re
Gently reached out her iron fingers and
gathered IS thoroughly the trade from the
southern tier of counties in Pennsylvania,
once exclusively controlled by baltimore
and at this moment is making strenuous
efforts 10 gather in over our heads the pro
duets Of the rich Valley Of Virginia, district
in which Baltimore's supremacy has never
before been questioned, demonstrating how
completely the most superior geographical
advantages may be overcome and Invested of
their importance when opposed by well direc-
ted energy and enterprise. 10 keep the
scales balanced, your road should be pushed
into Pennsylvania, and be made to ramify
with its branches every accessible region.
The entire interest which the city has in
the company is embraced in the following
items; fr as iu-,