National Republican., 1875-06-04
BALTIMORE AND POTOMAC RAILROAD.
Election of Oficers-The Annual Repor


The annual meeting of the stockholders Ofthe
Baltimore and Potomac Railroad Company was
held in Baltimore on Wednesday last. The Bal
timore Gazette publishes the following report OF
their action: Ex-Gov. Oden Bowie, president,
with Mr.. John Grove, secretary. meeting Of
the board Of directors was first held, at which a
contract between the Baltimore and Potomac
railway. the Northern Central railway and Can
ton company was ratified: also another contract
between the Baltimore and Potomac, Northern
Central and Western Maryland railways, and
also third between the Baltimore and Potomac,
Northern Central and Union railways.
THE Presidents REPORT
was read. The gross earnings from all sources
from January. 1874, to December 81, 1874, we're
S6lj,4l5&6, Of which the Washington line were
s54 50 - and POpcs Creek line $40, ,j93 OF. show
ing increase in 1874 over 1873 of SlS S7S 6i,
Of Is per cent. The total working expenses OF
the two lines for 1874 were $lS4,a6S 10, of which
the Washington line were $40, ,O32 50. and the
POpe's Greek line S+4,SI5.n6, an increase Of SlO3,
AL &C, or y per cent. The number Of passen-
gers in 1874 was 7S GI; lS7 Go 81, increase
in number of l,24G and ~ per cent. This graft
lying increase ir passenger travel has been
largely exceeded by the surprising expansion Of
tonnage, which was in 1874 1884 tons, and in
1873 7,3n' tOns-an increase OF nearly double, or
~ per cent. Thenet earnings OF 1874 over 1SI:i
OF the Washington line were SlS4, 7SlS2 and the
excess Of expenditures over gross earnings on
Pope's Creek line is - .S2.E1 giving net increase
on the business Of the whole road Of $l3O, 1856 81.
The great and steady increase in the business of
the rUat since its opening will be seen from the
following statement OF total earnings: In 1872,
from May. when it first commenced transpOrta-
tion Sl37, ,54 -: ls7 S;>l 6 -: lN74 $6Ij 4Ij:ij.
The returns for May cannot yet be furnished.
INCREASE OF TRAVEL
About the middle Of May our passenger rates
between Baltimore and Washington were largely
reduced, and although, as above stated, the ac-
counts for the month are not yet made mp, al
examination shows that the travelling public SO
appreciated the change as to make our passenger
--'Dts between the two cities three times as
iSToSs thn ~, ." of the reduction as they were
the week preceding.
wAsBiNGTON BRANCH.
The success Of our Washington line is M lie
more apparent by q comparison with the last re-
port OF the president and directors Of the Balti-
more and Ohio Railway Company for their fiscal
year ending September -. 1874. In that report
the revenues Of the Washington branch are given
at S:j7:i:y -, showing decrease oil S61 ij2 COM
pared with the previous year, and decrease oil
SIO7 :S2l. - compared with 1872 president Gar
retts last report. page ST. While there was this
decrease in the earnings Of the old road, it will
be noticed from foregoing statement that our
gross receipts On the Washington line were S154,-
~ - and our net earniOgs on our Washington
line for I>74 were Sl;4, ,'S".S1.
rorE's CREEK LINE.
1t will lie observed that the Popes Greek line
has been operated at loss. This Is owing TO the
failure of all kinds Of crops in Southern Maryland
entire length through purely agricultural and
spaIsely. settled country. II is believed, now
ever, with q more prosperous agricultural pro-
duction and the increased facilities recently given
to encourage the small industries, and the Guilt
walton Of fruits and vegetables. for which the soil
and climate Of Southern Maryland is so admira-
bly, adapted, that this part OF the road VIII also
soon be made to pay profit. contemplated
line Of steamers from POpe's creek, to accOmmO-
date which a wharf would have TO be erected
there and a ferry line from the opposite Virginia
shore, which the wharf would invite. will add TO
this.
DEPOT FACILITIES.
Within the present year our handsome, cOnve-
nient and we'll constructed depot building, in the
very centre Of W Washington, and less than square
from Pennsylvania avenue, the great thorough
laTe OF the city has been completed and opened
to the public. BESIDES adding greatly to their
comfort and convenience 1t is one OF the iuest
naments among he many handsome public build
ings of the National Capital.
ELECTION.
The report Of the president was adopted. The
election of a board Of directors aud officers for
the ensuing year was proceeded with and resulted
as follows: President. Oden Bowie; vice president.
A J. Cassatt: auditor and secretary, J Ohm Grove:
treasurer. John ). Leib Directors: Messrs A. !.
Cassatt, George B. Roberts, William 7. Waters
d. T. Newcomer, George Small, Dr. Eli Henkle
and Colonel Samuel Cox.