Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1882-03-09
RAILROAD MATTERS.
Union Pacific RaiIroad-Annuai Meet.
ing.

ing.
New YoEK. March Sat the annual
meeting of the Union Pacific Railroad to-
day the following directors were elected:
Sidney Dillon, Elisha Atkins, Fred. l..
AmeS +. II. Baker, S. II. H. Clark, S. Cor
don Dexter, David Dows, Granville NJ.
Dodge, T. T. Eckert. Jay Gould, SOlon
Humphreys. Russell Sage, Augustus Schell,
W. l.. Scott and John Sharp. At a subse-
quent meeting of the directors, Sidney Dill
on was reelected President, and quarter
ly dividend OF ~ per cent. declared. The
total earnings of this year is 81, 4,2,S,SlI;
last year 81, 455 13F; expenses this year
ST., $50, 342; last year So, ,54j, ll9; net earn
ings this year $ll, ,778, ,4I4 against Sll,9lO.Olj
last year The decrease in net earnings is
accounted for by the fact that the company
laid $3.50, 749 worth OF rails in excess OF last
year.
The debt of the company is Si,Oj5o1S.
which is more than covered by available
bonds, securities, and supplies on hand;
The company holds securities in stocks and
bonds to the amount OF $5l, 1880, So, OOO.-
900 of which are quoted at par and pay div
idends Over 25,00OOOO OF these SeCurl-
ties net the company 2H per cent. profit
per annum. The company owns material
on hand valued at SO, l6I, ,476, and has saved
half million dollars in the purchase OF
steel rails.
New Line Between Baltimore and Phil.
adelphia.
BALTIMORE March Sit being rum0red
on the street this morning that Robert
Garrett, Vice President of the Baltimore
and Ohio railroad, had stated privately and
publicly that his company would build
new line between this city and Philadel-
phia, several gentlemen were seen. TO
whom, it was alleged, Mr.. Garrett had made
these assertions. All but one OF the parties
interviewed refused to make any direct re-
plies, but the one exception, after stating
his conviction that the road was tn he
built, showed and allowed copy t" be
made of the following letter:
DEAR SIR: The report that the Baltimore
and Ohio Company is to build an indie
pendent line between Baltimore and Phil
adelphia is true. ROBERT GARRETT.
The rumor that the Baltimore and Ohio
was to lease or operate the Buffalo, Pitts
burg and Western Railroad and lines is
untrue Their freight business is heavier
than ever, and in consequence OF the rush
for cars a demurrage of s. per day is dr-
mandcd where cars are held longer than
twenty-four hours after arrival without be-
ing unloaded.
Concerning the Ohio and Mississippi and
Marietta and Cincinnati lines, in which the
est stockholder, the arrangements are being
made for their being taken out OF the re-
Ceiyers hands. There have been 100 miles
of the Ohio and Mississippi road relald
with steel rails, and it is the intention tp
relay the entire road as soon as possible.
On n Strike.
CHICAGO, March S.-The engineers and
trainmen Of the Illinois Midland road are
on strike for back pay. No freight trains
are allowed to run, but passenger traffic
has not vet been interfered with. 1t is aS.
serted that the road is two months behind
in paving of. The lockout at Peoria still
continues.
New Freight Rates.
CHInAGO. March S.-CommiSsioner Midge'
" has issued joint freight tariff on bust
ness of the southwestern railroads. east
bound to take effect March 18th. From
the Missouri river points these rates are TO
the Mississippi river points: FIrst-class
60 cents; second, As: third. so; fourth. 20
fifth. 10: sixth. 20; seventh, -: eighth, IL
ninth, 20; wheat. l.; other cereals, l2H.
From the same points to Chicago and Mil
yaukee: First.class, IS cents; second, 81;
third, As; fourth, 40; fifth and sixth, 26;
seventh. 25; eighth, 10; ninth, 25H; tenth.
.; wheat, n; other grains, l6l:. From
the same points to Toledo and Detroit the
rates range from 99X down 10 2214. The
rate on wheat is q cents
No Commissions
CHICAGO, MARCH, S.-The Pennsylvania
Railroad Company announces that no COM
missions will he paid by them on tickets
sold BY agents of other roads over line to
Pittsburgh and points East.