Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1876-09-28
THE BALTIMORE AND OHIO
RAILROAD.
PRESIDENT GARRETT'S
OBSERVATIONS ON
LOW FREIGHTS.

PRESIDENT GAHREEI'S
OBSERVATIONS ON
LOW FREIGHTS.
The Baltimore and Ohio Gan
Stand the 'sCuffing'' of the New
York Central and Hudson
River Roads Without
Flinehing-The Corn
Trade Of Balti-
more.
AT the meeting OF the Board of Di
rectOrs of the Baltimore and Ohio Com
pany, held at Camden Station on tn,
18th instant, President Garrett stateC
that, notwithstanding the extremely
low rates at which portion of the bust
ness of the Company had been done
the revenue for the month of Angus
shows 81 ,259, 143. 13, against the revenu'
for the same month of the preceding
year of 81 PIG, l21 .43. Whilst portion
of this business has been done ut unre
munerative rates it has been deemed
under the general policy of the Com
pany, judiciOus to maintain the bust
ness of Baltimore in the competition
that has been forced upon it, and thu
to continue the employment of our peo
pie as fully as practicable. The Com
pany has effected all proper economies
as Was deemed for the interest of all, SC
that it will have the satisfaction, he
| judged, from careful examination o.
the accounts, up to this time, of moi
only making the regular semi-annua
dividend of five per cent, but of add.
ing large sum to the surplus fund al
the close of the fiscal year. These re-
suits are exceedingly interesting and
important at this time, when this Com
pany is so much the object of fsympathy
on the part of parties in New York,
who feel that it is being practically
ruined by the competition brought
about by the New York Central Rail.
road Company. 1t is remarkable In
this, which is known as
"GREAT RAILROAD WAR"
that up to this period not one word oI
correspondence or intercourse on this
subject has taken place between the
New York Central and the Baltimore
and Ohio authorities. The New York
Central Company decided to make
very low rates-the theory being, as
stated by the New York press, that
that Company determinated that the
charges for freight, etc., shall be the
same between New WORK and ibe west.
ern centres of trade ss hetwaen RsIt;.
more and those cities Regardless of the
greet differences in the rssnec,;ve die.
fances Ooes H NOT seem that woto,
can he as easily made IN run nm hill hv
natural law as that the lave n tr.de
and of .Il exnerienca cor ha TIM. ;gnnr.
edo If This is the nronar nr;nc;nai for
freight il nust of coprsa he arnsilv
correct With nassencers TbnS If tho
rate for nsssenOers fsom Cne;nnati ~
New Work shonId ha S15 ond The R.Io
timore and Ohio shonId nndertska to
charge tbe same r.ta to Raltimoro
what would be the consequence in a
comparison with the New York Cen.
trai Road? The city OF Cincinnati be-
ing three hundred miles further from
New York city by that route than from
Baltimore by fhe Baltimore and Ohio
Road, every passenger for Baltimore
would buy New York ticket, and
when he reached Baltimore he would
sell his right to travel from Baltimore
to New York tor about the price of a
ticket between Baltimore and New
fork-say for 30 or Stand thus in
stead OF breaking up the business OF
Baltimore, this premium would really
De given to the traveller to stop at Bal
tlnore, and make his purchases there
and shipments thence.
III that system is prevail in the rates
OF transportation OF freight, what will
be its practical workings. The New
York Central and Hudson River Com
pany state that it has road with less
grades and less curves, and that it has
Z22 miles OF its Az miles between New
YORK and Buffalo with four tracks, but
1t overlOOks the fact, that on the Balti-
more and Ohio lines, for three hundred
miles,
COAL LITERALLY CROPS OUT
Immediately on our roads. and TINS
this Company has in the eomparative|
economy in fuel alone. difference in
grades and curves and the limited por-
tion of the extra tracks. The Baltimore
and Ohio Company has also double
tracks and their third and fourth tracks
where needed for Facilitating its bust.
ness, and terminal facilities and ar
for grain and every des-
criptiOn of traffic, much more economi- |
ell and much superior to those of the
New York Central Company. Unless,
therefore, that Company can carry
freight between Albany and Buffalo
for nothing for the three hundred miles
between these cities, is not its alleged
simply absurd?
Statements have repeatedly appeared
in portion of the New York press in
regard to the comparative gains of
New York in the corn trade by the
thus brought about. It is
important to examine these results as
Baltimore. For the crop year
ended 3lst August, the particulars are
published of the shipment from Balti-
more of