Evening star., 1877-11-20
Baltimore and Ohio Railroad.
ELECTIoN OF DIRECToRS-THE ASNCAL
REPORT. ETC.

OF DlRECTORS-THE ANNCAL
REPORT, ETC.
The annual meet ng OF the stockholders OF
the Baltimore and OHIO Railroad Company
was held In Baltimore yesterday. rde pres
1dent John W.Garrett, submitted his annual
report, which was adopted. MessrS. Gallo
way CbestOn, Francis Burns, joan = NichD-
las, John Gregg, William w. Taylor, Saml
Kirby, John King. jr., q. A. Won Ljngen,
Decatur II. Miller, j. G. Harvey, William
Dotnell, and Henry G. Smith were elected
directors for the ensuing year by a vote OF
50,1s4 shares, the vote cast being much larger
Than for several years past. The changes in
the BOARD are the election of Mr.. VIM Don
nell and Mr.. Henry c. Smith in place of
Mr.. Samuel W. Smith and NJ. +. j. King,
who, IL is said, retire on account of o.heT
pressing duties.
THE REPORT OF MR.. GARRETT
states That The revenues OF the main stem,
including the Winchester and Potomac,
Winchester and Strasburg, the StrasbJrg
and Hafrisonburg, the Washington county
al d the Metropolitan Branch roads, and the
Washington City and Point Lookout Rail-
road, have been Ss 262 0i5 -; o. the Wash
iDgton Branch, S3G7 ,tU9 20: and other di visions
various amounts. the whole footing up a
grand total Of Sl3, DOS, $50 o., showing a de
crease compared with 1ST6 OF ~ So ,315 50,
al d q decrease compared with 1873 OF ~ 3D.
3iS.4S. The expense Of working aud keeping
the roads and machinery in repair amounted
10 S4.tG5, ,l51 81, showing "A decrease OF 1 03 of
per cent. compared with The previous year,
ard Of 5Ol per cent, compared with 1915.
The earnings OF the main stem anl the
brdnches, stated IN com parlsOn with the fiscal
year 1876, have decreased II so 3l571, aud
The working expenses have decreased $685.
4o3 %, making a comparative decrease in the
net profits of S563, ,S32.u. The profit and loss
account shows an increase for the past year
Of Sll6,9iG.6S
THE WASHINGTON BRANCH.
The report says that at the meeting of the
directors in April last a resolution was
adopted that IL is iDexpedient 10 declare a
dividend on the stock of the Washington
Branch road IN view of the continued claim
OF The state OF Maryland for a tax of % per
cent. on the gross receipts for passengers from
December 10, 1870, since which date the said
TAX has not been collected by the company.
II was expected that the legislature at It's
last session would adopt some equitable ar
rargement by which the company would be
relieved from the payment TO the state of
Mary land or the One-i of the passenger
fares earned Oh the Washington Branch, as
practically parallel and competing line
the Baltimore and Potomac railroad-had
been built under its authority with entire
freedom from such imposition. The courts
OF hnal resort have not yet passed upon the
question explained In the last annual report,
presented by the language OF the ACT of 1891
But whilst The legal question remains To be
authoritatively settled. the company's claim
10 relief from this burden is so clear ana pal
pably equitable, that IL is hoped that the le
eislatule, al its next session, will make a
fair adjustment of this and OF all the differ
eLces between the company and the state.