The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1882-03-30
Chesapeake and Ohio Railroad.


Chesapeake and Ohio Railroad.
Tie annual meeting OF the stockholders of
the Chesapeake and Ohio Railroad Company
was held at Richmond on the 10th in the
office of Second Vice-President William c.
Wickham
The State proxies were represented by Gen.
Skeen of Allegheny, William III. Peyton, ESQ,
and. George A. Hundley Esq.
Gen. Skeen was elected chairman and Mr.
J. Garrett acted as secretary
Gen. Wickham read the following annual
report of the president:
To the Stockholders.
The Board Of Directors having changed the date
of the annual meeting, and having made the fiscal
correspond with the calendar year the present re.
port covers period OF fifteen months-that is, from
september 30th, 1880, to December 81, 1881.
J. ;.y.a, =. 81 4 EXTENSION OF THE MAIN LINE.
During this period the extension of the main line
ct your road TO the deep waters Of the Chesapeake
Bay at the Newport News terminus, and connect
Ion with the Southwestern system of railroads, by
means Of the Elizabethtown, Lexington, and Big
Sandy, has been made-two events which will have
very Important bearings upon the future operations
of this company.
BY the time the track is in good condition the
wharves and terminal structures at Newport News
wlfbhrRat ) for handling general freghts and coal
One farse 3t4red wharf for general merchandise,
seven hundred feet long and AUDITING upon twenty
seven feet OF water, has been substantially CON-
pleted, and coal wharf of a novel and ingenious
plan Is now approaching completion fronting on
forty feet Of water S25 feet long, and which is
ranged that six vessels be moored alongside and
receive their from twelve delivery chutes at
the same lime. Hotels, stores, and other buildings
are in course OF erection the terminus to
afford accommodations for the labor and traffic that
will gather there.
H. Decsmber last the Elzabethtown Lexington
and Big Sandy railroad was turned over by the
tractors, and an arrangement made TO operate 1t
division Of the chesapeake and Ohio railway SO as
tr,oevolye no pecuntary burden upon this company,
2 the lessor receiving only the earnings.
- The line from Ashland to Mount Sterling was
opened late last autumn, but in consequence of the
> unfavorabie season no through business of any
magnitude was done over 1t before the close of the
: year. Since then arrangements have been com
pleted whereby through cars are running between
huntington and Cincinnati via. Lexington over the
Kentucky Central railroad and also for running
through trains to Louisville over the Louisville,
Cincinnati and Lexington railroad whenever the
traffic will Justify II.
This opens continuous connection with the larg-
est western cities ia the Ohio Valley, from which
large quantities of heavy freight the
board, and the Chesapeake and Ohio may In future
expect to derive share of their business destined
for seaboard and European markets.
On the subject western connections 1T may be
remarked that from Louisville southw estwardly to
Memphis the Chesapeake and Ohio and Southwest.
ern Railroad Company is completing, and will ope-
ing the coming summer will be changed to the
standard gauge and which Will be worked in har-
mony with and tributary to the road of your
company, so as to make an unbroken line of uniform
gauge from the Mississippi river Memphis, to
your eastern seaboard terminus the Atlantic
Some minor changes are also contemplated which
will improve and shorten the line make II
in all respects direct and from Memphis or
Cairo as any OF the other lines
The local traffic of the road continues to improve.
The coal tonnage for the fifteen months amounted "a
s47,5I8 tons, being increase OF 191 21T
the previous fifteen months The increase would
have been greater but for continued I'M upt;ons
from strikes OF Miners want of rolling stock, low
water, ice and other causes, some OF which can
never occur hereafter.
10 afodt Tho No.
port News will average, say IL ton less than from
the James River wharves at Richmond. If only
nifty cents OF this saving can be applied to the ad
ditonal railhaul TO deep water, IT will ultimately
Justify the extension of the road. But very much
larger demand for coal may be expected from both
eastern and western markets. The iron furnaces
along the line of the road are kept moderately &C
important source of income to the company
Considerable amounts of timber are also being
shipped from the line of the road.
In consequence of changing the fiscal year from
September 80 to December 81, the earnings reported
for fifteen months, from September go 1880, to
December 81, 1881:
Gross earnings. 375 1858 OF
Expenses ............. 743 400 o.
Net earnings S ss25a7 ss
The earnings from Sept 80, 1880, to Sept.
81, 1881 az mos ...... S270l,S 43 81
The earnings from Sept. 30, 1919, to Sept.
~, 1851 az mos) 25l4245 81
Increase for corresponding 10 months. 1857 81
Included In the expenses. however, is the sum OF
about S500000 paid for putting down steerafls and
other improvements partly in the nature of better
ments. The whole OF the main line, SOB miles, il
now laid with steel and with the exception above
noted a1i near Newport News. Is in good condition
period was nominally larger than that included in
my last report yet these revenues have been deriv
ed from virtually the same road, as the new por
tons OF the Road had scarcely come into regular
USE while the current xpenses were perhaps great
or than normal ratio.
The bulk of the OUTLAWS for Improvement of the
rodd-oeo ana track having been made ana good
working supply OF equipments procured, which
ability of the company to meet It's interest liability
G. HUNTINGTON, President.
from the managers report we take the following
Number OF miles operated during the period OF
nkeeh mpnths, 425,oo
GROSS EARNINGS.
From nossa,ISas,ss, y = goo 10, :,
2oSs3 =!
9So9s " "
miscellaneous S9Ss5 o.
r+, SO orr o,o -,
's',o'os'o VI
Maintatnance of ways and buildings - 80 570 81
General expenses Observation-Disclosures. 207 All 3,
- : ="
io1al. - $50 .;
Netearnings-.. ..........S 632,537 IS
As compared with the net earnings of the CORES
ponding fifteen months show an increase of Sl9I,
O97 "a; equivalent TO per cent.
Expenses show an increase equivalent to 10 All
per cent
The superintendent Of motive power reports the
car equipment In better condition now than at any
time in the previous history of the road
Locomotives. 1885, inspection Cars, q sleeping cars,
eoaches, hrst and second-class, p; combination
cars Z; mall ana express cars To- fastfreght cars,
81 pox-rre1ght cars 1885, stock cars l29; eight wheel
coal hoppers 639; efghtwheel coke cars, 48: four
~neel coal cars 3of 1our-wheel coke cars, 239 gon
doias, 292; hopper-botom goudolas, 534; fai cars,
l9f; conductors caboose cars, 70; shany cars, 80;
derrick cars, 3; grave fat cars, 137.
me Manager, in speaking OF the Shipment OF
grain says:
yious year. The greatest decrease was in shipment
year 1850 we ereagh1 to Rich from 1 St. LOUIS
IN narges via river to Huntington, something over
exported from Riehlnond direct to foreign ports.
bs FAILURE t ana nad 70 De
elevator or other facilities for storing hauling
-
by the 1s LIST, Of May next the Richmond Elevator
belonging to this company, corner of washington
general use ''''' '0-'f'''eO anu fe''u' io'
ano+x-, ~ o,rro
In pursuance of an ACT Of the Legislature Of wes,
Virginia TIE dreetprs were also authorized to build
near Charleston to point on the Ohio river at OF
rs constrnt y luz N ma RIVER also