New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-20
BALTIMORE AND ono RAILRO1D
IT'S FINANCIAL CONDITION.

ANNUAL MEETING OF The Observation-Disclosures
OF NEUTRALITY-SUSPICIOUS. or PREsEDESr GARRETT.
BALrraORE. Nov. 19.-The annual meeting
NJ te stockholders OF the Baltimore ami Ohio Railroad
COMPANY was held to-day. President John W. Gar
rett submitted his annual report which was adopted.
Messrs Galloway Cheston, Francis Burns, John ;.
Nicholas John Gregg William W Taylor, Samuel kirby.
Iobn King ir G. A. Won Lngen, Decatur II. Miller. J.
- Harvey william DOnnell and Henry c. Smith were
eeted directors by vote OF 7s4 shares the
betnc much larger than any Tor several years past The
changes in the board the election of William DOnnel
and Henry C. smith, in place OF samuel " Smith and F.
King who 1t is said retire account Of other press
inc Duties The rerort Of Mr.. Garrett states
The revenues Of the main STEM including the Wlnches
FER and Potomac, the Winchester and stras0urg, the
srrasburg and HarrlsOnbuTg, the Washington County
and the Metropolitan Branch roads and the Washington
civ and Point Lookout Railroad, have been:
- 962.O45 20; OF the Washington Branch, $3J7,-
100 So; Petersburg Branch, S52j67s s.; Cen
tral Ohio Division, S76l,j24 -; Lake Erie,
Division 1906, O6J II; Chicago Division, s957,6J5 so
Wheeling Pittsburg and Baltimore. formerly the Hemp
6rd RairOaD Sf2933 G5; Newark, Somerset and
-traitsvie Railroad $4,000 si P.ttsburg and Con
neusvle Ra road (PittsDurg Dlysion cl.3s3,6O6 81.
pos $50 o.; showing decrease compared with
1.76of 235 7s 4. The expenses Of working and keep
ing the roads and machinery In repair amounted
IN - G05l5l 81 being j5731o9 Der cent upon the
in. showing decrease of Hl00Of per cent compared
with the previous year and oIoj Of / per cent COM
rn,nd Win 1873 Tho earnings OF the main
stem aud the branches stated IN comparison
Win The fiscal year 1876, have decreased
s1i7O3l5 - ard the working expenses have de-
/ creased Ssu64-3 O6. making comparative decrease
m the net profits Of -jC3s32 a. THIS prOft ana loss ac
count shows an Increase for tie past year OF Tll6,
gf6 Us IL Will be by tAs account mat the su pus
St bch represents invested capital derived from
earng. and winch Is not represented Dy either stock
or bou,.- now amounts tO $50 l3JJl- Jd oenl-tunual
dyldcuas five per cent upon the capital sOcA were
PAID TIE Isl of November 1870 ana On the 10Th OF
/ NAV. 1877 respectively.
m b shown b, the report Of he transportation DEPART
neu that the TONNAGE tnrough merchandise East and
/ Wc.t has been 1.Of7.Gij. while ia Gle preceding
year il was lO03393 tons. The den eucy n tht trans
1orfa ION OF through merchandise and 0i some dcacr
fious of grain arose chiefly from the fact that the
rates during portion the year were 80 low, IN c0ns-
queuee OF the action Of competing mes as to cause aDso
me losses during portion OF sdch period the Lil-
fore and Ohio Company declined 20 carry ftghts that
yr nor only unremunerntye, but which did not repay
/ tbs actual expenses connected with the shipments.
bp messenger earnings exhibit decrease Ilom -
az ri I'm the proceed year. % el36i,sOi j. Ins &C.
dncton Wa caused chiefly by the decrease OF travel conf
pared with that connected With the Centennm kNbDl-
inn combined With continued depression IA general
business The report states IN det the business Oh the