The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-02-27
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TIIERAILROAD WAR.
The Resources Of The Two IselIi.
0nRnl11


geFenIH.
From then Y, Tribune
RESOURCES OF THE PENNSYLVANIA RAIL
ROAD.
The position and power Of the contest
anh become questions worthy Of con-
silcration, aud rs they may not be correct
ly understood, II IL well briefly to state
them. The Pennsylvania Railroad Com.
pany owns, operates or controls 6,V33
miles Of roadway, or about 81 per cent,
Of tho total mileago Of railroads in the
United States. This milenge represents q
capital Of $3OS, 2G7,G7j. The direct lines
Of the Company havo tCrmini at Now
York, Philadelphia, Baltimore andWaSh-
inglon in the East, and Erie, Cleveland,
Chicago, st. Louis, Cincinnati and Louis
vile in the West. II had paid regular
dividends Of ten per cent, to la stock
holders for many years, including tho
last two years Of general business llepres.
sion and was ablUH nj tho commencement
Of tho present year to anticipate, by three
months, the payment at par, principal and
interest, Of Its second mortgage bonds
maturing in 1876. In addition to It's
widely extended field Of Operations, reach.
ingall tic principal cities in the uhlon,its
main line between Now York and Pitts.
burgh passes through probably tho most
profitable rcgiOn for railroad traffic on
tho Continent. lts construction Is second
to none for excellence md pcrrihnCncy
its equipment is full and Complete, and
its terminal facilities are as perfect for the
economical and prompt transaction Of
business NJ they could we'll be made.
Probably nO,AmGricah railroad ever
passed through aaRcatClling IN ordeal IA
the Pennsylvania was subjected to IN the
summer Of 1874, when II committee Of
stockholders was appointed and empow-
erGd 10 examine fully and thoroughly
into It's condition, financially and materi.
ally, past, present and prospective. As
the result Of that investigation, the com.
mittCc reported that tho total assets Of
the company, reduced 10 their minimum
value, was Sl7S,37l ,77S, and the bonded
debt and capital stock were 1927 ,5OO,SlO,
leaving surplus to tho credit Of the
company Of S60,SlO,O3O.
RESOURCES OF THE BALTIMORE 4 oiIiO
The Baltimore Il Ohio railroad con.
trolls, according to the best information
that can be obtained, 9234 miles Of road.
way, Of which 233 miles are IN tic State
Of Maryland II has terminal facilities
at Baltimore, Washington, Pittsburgh
and Chicago-the line connecting with
the laSt.named city having been com.
pleted last autumn. II pays reg.
ular dividends OF $l6,7li 100
all its surplus over the origi.
nal capital Of this amount being carried
IA fund invested In improvements, roll.
Ing stock, new works and connections,
nggtegating, according to the last report,
$S2, l44,l60, II the system Of accounts Of
the Baltimore & Ohio Railroad wero the
same "a the New York Central, fOr in.
stance, It's statements for 1874 would be-
Indebtedness, $66,644, 1885, net earnings,
5,O7O,140-aR exhibit by no means a. IL.
vorable "a tllat Of the Pennsylvania Kali.
nnNrr in ropin,entinr tlpon this account
sayst IA compareI with Inc New YOrk
Central, Or any other Of tho great trunk
Tho baltimore 4 Ohio il stmnly thiS ihai
willis n stockh0l,lef IN The former claims
mi univ ,iivijCNis nmnn liz ORIGINAL In.
ycstm"Et but niSo an the Investment "iI
his earnings. the stakeholder Of tho latter
il conicnt With n good regular IliSilrnI
An V UEipinal .toeEbolder of tho New Nav
Yntk Central NJ rennsylynnin rNnI lac
recciyS,l more morev from Lis Investment
tSan m original slockhnl1ef In ilc Hai.
timote 4 Ohio"
In further exemnliIication of The Fnnn.
cinl policy Of Inc baltimore 4 Ohio hail.
road Company, and "A exhibiting fitting