, 1881-11-22
Rumored Purchase of tho Green Bay
& Minnesota by the Northwest
ern Company.
Latest Complications Growing
Out Of the Emigrant Bust.
ness.
Tic Pennsylvania anll Baltimore & Ohio
Happy Oror Present Wcst-Bound
Rates.
a Naw-Fanglod snow-Plow Which PROM
isos Great Things-Misoellaneo
Items.
Annual 1fcctinE of tho Stockholders Of
thu Baltimore D. Ohio.

ANIMAL HICc&lnE OF TIC STOCKHOLDERS Ol
tim Baltimore q; Ohio.
gpteta Dtspateh to The Chsdoa Tribune.
1iArlriSotlg, Nov. a1.-Tho annual meeting Of
the Stockholders Of tho Baltimore & Ohio Iaif-
way Company wis hstd lere today ut Camden
station. President John W. Garrett occupied
tho chaIr. The following Directors were elected
for tho ensuing year: William u. llusns, Itobort
uarrctt, John spoar Nicholas, John Gregg.
William W, Tnytor, Sul,,,el Kirby, .Iatnes
CMrey Coatc. u. y. Won Linger, Decatur II.
Muller. Joshua q. flnrycy. Georgo W. Dobbln,
Iicnry =. Smith. Tho iifty.'Ifth aunua1 report |
or tho President and lionrsl of Directors
for tho 11sca' yoar ending Sept. ~
WAS rcnd md approved Tho re-
port states TINT thu revenues OF tho
lnnin atotn, including tho Winchester Il roto-
lnlc, tho Metropolitan Braach, tGo Washington
set t. CAmbria ltoad, from ian. II, 1881, to Oct
|, wera $ll. GO; Of the Washington Brunch,
$aI',h10.45; Or tho rarkcrshur9 Brunch, $7i2,-
l5s.1s; Of tho Central Ohio Division, 81 OGG, ,25.li
Lako Erie Division. Ss!9.7017@: nnd ChcaKo
Division. sl,rt3 tHi.a'; of tho rIttsbnrg & Con-
npsvIIte ltoau, *22,iO,6 tS.GS; total rcvenuos Of
tho entlrc syatcm. $l8.iG}8iS.21 showing m III
crease, compared With 1sso, Of stu, lJ7.1d.
The earnings Of tho tlluln stem md
ItS brnuchus, in comparison with tho
iiscni yonr lBs0, tnso decreased 4lu7,Gsl.05,
aud tho working exnosiscs hAvo, Increased S"l8,-
141.sH, making comparative lecrcase In tho
net pru!lts or StEG, ,,d4al. The sinking fund for
tho payment Of tho oan Of tho CITY Of Baltt-
more, which wns originally s5,000,0o, increased
during tho year Sill ,0O.D7. ulak.t,3 tho pnymoht
III uaynucs uil In reduction Ut TINT tuan, which
will 1nnturc IN 1B9O, $.s The profit anl
loss account shows ail Increnso for tho ast year
of l,6s7, ,xts.:t Tho surplus fluid. which repro-
sunts Invested capital derived from not
earnings, and which ia not represented
1,nk tIttk 1,rt,I0 1,f1fu
II sa.,44,s, 0SO.1l Tllo inureuso III tho sllrpns
fund for tho yuar cnlng Sept 40. 1SS0, was s.
33Ju3l.A4. whilst for 1881 1t has bcon $1.UD7
thus showing II comparative dtcrcnsp OF nct ro-
suits, with urgely Increased business. Of $05a,-
DId..0. Tho rupDrt Bays tho exceptional and
ht4hy conservative system of tho l1Altimure s.
Uhio Company. without prrcudellt In America
ur Etlrqpe by which tnurv than VI, ,0o 00o of net
earnings ,1nreprGsentcd by stuck or bonds bayo
bccn Invested during u series Of years In Rreat
anl valuable improvements nnd extensions. In
GonnnctluK lines, lit tho great Iron bridges over
tho Ohio Ntvor, III elevators. wharvos. piers,
locks, etc., bus onublel tho company to continue
tho payment OF scini-nnnunl dividends Of o
per cunt eAoh OH its cnpttAl stock, which
amounts to only ST., ,3Do-a sum so ltsuitel as
tO present nlarkul cDntrnst to tint OF nll con1-
ucting trunk liHcs, tho cnptnl stock OF tho New
York, Luke Eric & Western ftailrUId being $t6,-
btD:DO, thnt IF tho, Now York EuntrNl l. Hudson
Nvct Knttroad $S0, 100. unl lint OF tho letln-
sylyntt% ltn!truad ,:9UO. Tho only elect,
thercfUrt, Of tho extremely low ratc8 lnju-
t,[cluusy forced upon It has boon, III conso-
queuce Of rho very stnail atnount Of stock, 10
reduce its net cnrt,tngs from upwards ot'G per
cent III lHHu OIL its surplus fund OF Sept. 10,
1871, $3s t:e9l .057.03. after tho payment Ut
cAsh dividends to Its shareholders Of I per
sspt spt H. IT, s IT, e Il ss4s Whs rssus ! ias .o S5
t!scut yoar under tllosc ndresau circumstances
s Il assss s sss af qFas5; 4 tGs Ga
fluid. Thosc sAtlsfEiory rsporss, under tito
srl,as a,d c9'nnstt!o, ,h ana ,, %'se ii;e
t' ant rcsuiis IT, for ali H"iinx investment ii ita
t,iko III tho intcreats If its term1al osties and
.io regions Win wnicl! it il eouaeetct:
L. y snuwn BY H. %f y r.
toas Wa,Is IN s' tn reoeass su yanr a Was
rouuSt .,s1 IT. Ia ualtinorS % rnK III tho y"nr u;sjs
Gnrrus Ut tlour. a. uvIlluaroi With 5btkr: barrus
Wtai,.. io ~ tns uxsrexnsa If Tratn Is5;sstn
Gushvis were vi wiiGat ulIl iho bnlsl',co r1rll.
III IIvo stuck tic lrallIu Inns been il5.si5 so,a,
5i':f,ttMHLM IN tic nrccnd,i,u vunr md SI.i7l..
n H. u sa,an 's1 !" sv q ibt i5atu md e,pI,,os aa
hcan brought 10 ht9h staIltlArd, Now all.i
s l.. sS 'S 'assSs s s. @ Ts
Ut l30os luI.a wit'ii incluslus 4:ib.t 11,s it'r
tnHr III Jtnii nIiInr IN ti5,nro. Tno w9Hrot%" af
| enal nu.lnako trunsoortoI On ali aiylsous wis
Il a'H III TIN; tn3s soo"'oR III 'F''' ,o' ''o ''"s
TIC 4in.llcial condition Of tho wnshtnxtoa
Gsas s%s r,s h 11 Sarn,nss va wSss @ s Sre
HE nr LUZ In arviGi, ~
sI'wt!i HIN "g 1Scrosu q of u" stsWyi';. Tas nnt
1nsHH9a " sAI "n .,,'. 4. ;s-n .s,s ~ -