Martinsburg independent. [volume] (Martinsburg, W. Va.) 1875-1900, 1880-11-27
Baltimore and Ohio Rail
road.
THE ANNUAL REPORT.

The flfty-fOurth annual report or
the President and Directors of the
Baltimore and Ohio railroad, just
published, shows that the business
of the Company has been greatly
enhanced during the year, the
revenues of the main stem and the
different branches and the divis-
ions aggregating $18,317,740, 10, an
increase of "a, 1913 1887, or 20 per
cent, as compared with 1879. The
earnings of the main stem were
gil ,220, 880.61, an increase of g.
$50, O53,77, and the net profits $751;
1857. The net earnings of the
different branches and leased lines
showing an Improvement of $685.
S49,71 over 1879.
Therat of working expenses for
the Main Stem was SO SO. an in
crease of 2.9l as compared with
last year, the aggregate of increase
amounting to 1888 .318,10, which
was chiefly in the direction of re-
pair and new constructions for the
increase of the plans and operating
machinery. The rate of working
expenses for the whole OF the road
was sc, 80. The additions made to
the various sinking funds of the
company during the year aggre-
gate 1868, 30S, 04. including $40, 900
for the debt to the city of Baltimore
for the Connellsville purchase, and
this, together with the variou.
payments made of debt, shows a
total reduction Of Indebtedness
since the report OF October |, 1879,
amounting to $2,039, 825,98.
The road, in addition to paying
its two semi-annual dividends Of
four per cent, each on the capital
stock to 18th May last, has added
81 356 9S4 A, to the profit and loss
account, and the surplus fund, re-
presenting invested capital deriv-
ed from net earnings and not re-
presented in either stock or bonds,
now amounts to $40 SCI ,642, 37.
The Improvement in the ap-
pointments, plans, machinery and
buildings of the company have
been extensive. Cars and engines
and hotels have been brought to q
high state OF efficiency; $50, miles
of track east of the Ohio river are
now laid with steel rails, 26 large
| engines and 334 cars have been
built, all charged to repair account;
and the total increase in new care
has been 1890, costing $716,891,-
80.
During the year scheme for an
employees" relief association after
nature study and elaboration,
was set on foot, the object being
to protect and promote the inter-
ests OF the company's employees in
cases of accident, sickness and
death. This insurance scheme,
which is believed to embrace the
best features OF all the systems
hitherto established, was put in
operation on May l, and has work
ed successfully for five mounths,
1t is staded that under its regula-
tions already 295 cases have been
relieved, and in many instances
much embarrassment and suffer
ing have been prevented.
This brief summary of the bust
ness transacted by the B. q o. r.
r., affords a striking example of
returning tide of prosperity upon
which we float. The road has felt
and profited by the improvements
in the crops, the increased foreign
markets, the greater demands for
manufactures OF all sorts and the
general progress OF industry. And
in this healthy report Of one of
the great thoroughfar0s of the
nation, we may all rejoice, because
in it is reflected thu prosperity OF
all, and because from the fruits oil
this immense Interstate traffic
West Virginia is greatelybsnefit-
cd