The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-11-18
OLE Gttelli4alttet.
TuE BlLrInoRR AND OHIO RAIL.
ROAD. IlE

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THE BALTIMORE AND OHIO RAIL
ROAD. ..li5
The showing for the Year Ending 3Oth OF
September = Large Receipts and Zig
PROFITS. a- 'S.
Baltimore American of The 10Th.
The ftty.fourth annual report Of the
Baltimore aud Ohio Railroad Company,
published in full in to.dsy's issue, should
be carefully and attentively read by every
citizen who has at heart the interestS Of
Baltimore,Rnd who takes proper pride in
her advancement. The report demon
strates beyond question that Baltimore's
trunk lineis the line Of the country-in
fact, the most important in the world. A
recital Of o few Of the prominent features
Is all that's necessary to show the enor-
nous work the road has accom-.
plished In the past year. The
revenues for the isCal year ending
September Both aggregated no less than
SIS, 3l7 740 10, an increase, as compared
with 1879, OF s., l23, 75y u, and an Increase
as compared with 1878, oil 81 $50 400 IL.
In other words, the revenues were greater
BY about % per cent. The net earnings
were s., liz, $50 20. or 1881, 735 81 more than
in 1879. Compared with the great increase
in revenues this shows at first sight dis
approximately small gain--large as the fig
ures are-but he who reads the report
carefully will find an explanation much
more than satisfactory. TweDty.tour en-
gines OF the lsrgest class (the "Consolida-
ted" or "Mogul" enginesl and two, engines
for switching purposes, have been built, at
the cost oil S2ll, 1888 81; S3i cars OF largely
increased capacity have been built; COZ
iron hopper cars have Deen raised from
20 900 to $4,000 pounds capacity per car;
297 house and 727 gondola cars have been
increased In capacity from &C, 900 to 10000
pounds; 80 additional refrigerator cars
have been built; sol hopper goudolas. ll5
stock, and l OLE house cars, each OF 10000
pounds capacity, have been constructed,
besides passenger coaches and other
miscellaneous cars. The cost OF 1000
cars was S7l6,SSl -. A very large
amount was also expended upon
steel rails. Seven hundred and fifty miles
o. track are now laid with steel rails. The
whole OF this has been charged to repairs.
In other words, over million OF dollars
OF the revenues has been applied. to the
construction OF new rolling stock alone,
and instead Of the sums being charged
against CONSTRUCTION account" they are
entered against REPAIRS" The dividend
is provided for, q splendid surplus is lett,
and the stockholders find themselves pos.
sessed OF a fuller and better equipment by
far than ever before in the history OF the
corporation, and with the roadway 10
splendid condition. The increase in the tom
mage 10 most remarkable. In 1871 the ag-
gregate otlhrough merchandise, east and
west, was 1876, 207 tons; In 1879 it had
reached 1908, 1873 tons; last year it vas
!, 425 896 tons; in 1880 the total was 1885,
397 tons. This increase OF about SO per
cent is almost unprecedented in railroad
history. In this aggregate enter the iOl-
lowing items: sos, 992 barrels OF flour, 25,.
962 CSC bushels oil grain and 81 $50 tons Of
lumber brought 10 Baltimore; lR5 Asa tons
OF live stock transported and 4, SSs, s5B tons
Of coal, an increase for the year OIL 997, SSl
tons OF coal. u
But the half is not yet told. The in
dtbiednesa of the corporation was de:
creased in the fiscal year by the sum OF
=, $50, Sl5 9S. And the profit and loss &C.
count shows an increase of - .3J8, 0S4 A.
the surplus fund, which represents invest.
ed capital derived from net earnings and
which ia not represented by either stock
or bonds, now amounting 10 $!0,56l,.
Gl2 81. With all this accomplished, the
condition Of the tracks, engines and cars
has been brought 10 very high standard,
and the hotels owned by the company
have been placed In superior order.
AS regards the branch lines, the Wash. |
ington Road reports an increase In net
earnings OF So S22 SS, the Parkersburg |
Branch an increagc OF SIG. $50 10 1852 |
tons OF steel rails were laid) the Pitts
burgh DlyiGion an increase Of SIT, 545 Oh, |
the Central Ohio OF i39. 1854 81, the Chicago |
OF sT2, I42 93, the Lake Erie Of SIS. 730 rs,
and the Etraitsyille OF So. sos 81. The |
improved result on all the lines worked
by the company aggregated SB02. $40 II.
The condition OF the Pittsburgh and Con-
nellsyille Road Is very satisfactory, the
net earnings being 81 oil, se7 90,
and the eKgess oil not earnings, alter pay |
ing s67SS5S 40 Tor interest on
mortgsged Indebtedness, $685.. 96S 50. At.
tenIi0n ia also called to the improvements |
at Camden Station, the additional tobacco
warehouse, the new grain elevator now be.
ing built with capacity for l,s00. 900
bushela, the Locust Point and Canton
ferry, the Baltimore Stock Yard Company,
the Central Building and the Dry Dock.
The Berlin Branch and the Somerset and
Cambria railroad. thetwo new feeders and
connections, the latter Of great value and
iuiportaGce-are referredto descriptively. |
The importance ofdeapening the channel
to the port to 81 feet at mean tide, and Of
t;;s construction OF the Chesapeake and
Ohio Canal, are strongly urged.
From first to last the report is asplendid
one. and it is,most gratifying to know that
there is every prospect not only Of con.
tinuance OF tho prosperity OF the great
corporation, but even Of marked e Y: