National Republican., 1882-10-12
B, so, RAILROAD,
Regular MonthIy Meeting Tho New
building on baltimore street.

Building on baltimore street.
The regular monthly meeting of tho board OF
directors Of the Baltimore and Ohio Railroad Com
pany took place at Camden station yesterday, tho
president, John W, Garrett, presiding. The COM
mittee of finance submitted their report OF the
earnings and expenses of heroad for the fiscal half
year ended September 30 aud upon their recom-
mendations cash dividends OF five per cent, pay
able on November next, were unanimously de-
clared on the stock Of the main stem and Wmh-
ington branch. In connection with the declaring
OF the dividend, President Garrett presented u
statement OF lhe earnings of the man line and
branches for September last, which showed total
OF Sl,759,2gl, as against Sl6i2,G3i for the same
month OF tue preceding year, being an increase a
Sll065T. President Garrett stated that lhe result
Tor The fiscal half year, closed ON September 80
VIII SHOW aner payment of per cent. cash divi.
uends upon the common stock, more than SjJJ,O U
70 be added to the surplus fund, which is not reL
the 30th of September 1881 amounted TO Si2,20S,- :
6S0.6l. The sum beyond the cash dividends paid
is being invested in the construction of new and
additional lines aud other improvements. The
president called attention 10 the fact that this
would probably be the last meeting of the board
III the room used by the directors since February,
1858, and that 1t was expected that the next
monthly meeting would be held in
THE NEW STRUCTURE
known as the Central Building" at the corner of
Baltimore and Calvert streets He said that many
interesting events of the great historical import
ance had transpired ut Camden station during this
iOuB peIlOu, tUe uCllOE sU
frequently and firmly adopted duing the. great
| civil war. He trnsted that the Baltimore & Ohio
Company would continue, after its change Of loca-
tion ofa portion of its Office to the new building
| TO demonstrate the usefulness of progress and
prosperity, which had attended its striking devel-
opments ior the quarter of century in which the
| board has occupied this apartment The new
structure Is oil lot fronting 102 feet inches on
Baltimore street, aud lO4 feet2 inches on Calvert
street, which cost largely more than had ever beer
paid for any land in Baltimore, but it is doubles:
tue most central and desirable location for the
convenience of the public, and for the advantage
OF the company, that could have been selected II
| the city. The convenience to the community will
| be most marked and advantageous, having the
iefexecutive Offices at
| so CENTRAL POINT,
where facilities of access will also be so excellent
| for communication with the treasury, general
| freight and passenger offices, the Telegraph and
| express, and other leading organizations of the
| company. The chief operating depots namely
those of the transportation and road interests i'm
| mediately identified with the working OF the
| lines which have constant communication and
| intercourse with employees connected with the
| arrival and departure and management Of trains,
| &c. will be continued at Camden station. Such
has been the vast growth and development of the
business and Interests of the company that for
some years past 1t became necessary to obtain
many other buildings in various parts of the city
for tile transaction OF its affairs in the different
departments, the requirements of the service far
exceeding the capacity Of Camden station. Under
the new arrangements greater effectiveness,
through the concentration OF the different Offices
OF the several departmental at the central building
After the transaction Of routine business the board
adjourned,