Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1883-11-27
BALTIMORE AND OHIO.
Annual Meeting OF the Stock
holders.
Earnings and Disbursements During the
Year-Efforts That are Being
Made 10 Keep Pace with
the Times.

baltimore, Nd, November 2G.-The an
nual meeting of the stockholders OF the
Baltimore and Ohio railroad company was
held to day. The fifty.seyenth annnal re-
port Of S: ptember 30th, lSSS, shows the
earnings to be $40, $4,000; expenses Sll,-
oSl eco; working expenses $3.50 per cent,
showing al increase compared with 1882 Of
Sl."%5jO6G. The profit and loss account
shows an increase in the past fiscal year OF
81, $50, ,S2l. The surplus fand, which repre-
.ents the invested capital derived from the
net earnings, and which is
MOI Represented by Either Stock or
Bonds
now amounts to Si5, 7G3, i79, butwas set aside
to meet the losses that was expected to be
made in connection with thei reorganiza.
tien Of the Marietta and Cincinnati Com
pany, now known as the Cincinnati, Wash
ineton and Baltimore Railroad Company,
and have now been realized and estimated
to the amount Of S69O6, lJ2. Those in
CURED in aiding the reorganization of the
Indianapolis, Cincinnati and Lafayette
Corapany are So, 2i5. The following profits
anu investments were reserved and have
been heretofore held in outstanding &C
counts ard loans and not credited TO profit
and loss account namely: The profits on
the Pittsburgh and Connellsvllle Loan
Gints TnGtss@Ati6G1aGd" RaaTlSwa?y7 Company and on
the West Yuughiogheuy Railroad and
For Additional Investments
in the Hemptied and Baltimore and Ohio
and Chicago railroads. In addition to the
crtditing sums OF these accounts for the
purpose OF meeting the remainder of those
losses $S54,Si6 has been charged in the
protit and loss account, thus reducing the
earnings, and the surplus fund for the
fiscal wear from S2,1lO,G6I to 81, S55, SD.
Heavy losses made through assist
ancc rendered for many years TO the Mari
etta and Cincinnati road to secure the COM
plerion and etleCtiveUorkingo OF that import
ant lines are believed to be justified, great
as they have been, by results which Will
he realized in promoting trade and inter.
course between Baltimore, Washington,
Cincinnati aud the entire southwest.
Within n Brief Period
Ar additional line from Columbus to Clin-
tor Valley on the Cincinnati, Washington
and Baltimore road will be open, to be
Operated in connection with the Central
Ohio and Ohio and Baltimore Short Line
Lnd the Pittsburgh Southern road. making
a direct and excellent route for passengers
ar4 frei ht between Pittsburgh and Con:
nelisville railroad, and the Cincinnati and
Southwest. The payments Tor investments
on sinking funds for the redemption Of
sterling loans due in 1895, 1902, 1910 and
1877 during the year amounted to SG21, ,395.
All tracks on the main stem and nearly
a,l branches east OF the Ohio river now
laid with steel rails. Upou,,the completion
of he Philade!. Shi ia branch Of the Baltimore
end Ohio road and the Baltimore and Phila-
delphis railroad, the difficulties winch are
now caused by
Delayed and Unsatisfactory COnnec.
wi be removed and the Baltimore
ard Ohio company will then be re.
stored both for its southern and
western business 10 the position which
Will enahle it much more successfully to
compete for all northern, southern and
western traffic. 1t is expected that on the
openiug oi the Philadelphia branch OF the
Baltimore and Ohio and of the Baltimore
and Philadelphia railroads that the time
between Baltimore and Philadelphia will
DC reduce q 20 two hours; between Wash
ington aid Philadelphia 10 three hours;
between Baltimore and New York 10 four
hours. and between Washington and New
York to five hours.
The following directors were elected:
William +. Burns, Robert Garrett, John
Spear Nicholas, John Gregg, William w.
TAYLOR, James Carey Coale, q. A Vonlipgen,
Decatur II. Miller, George w. DOb5lns,
Joshus g. Harvey, Henry c. Smith, Aubrey
Pearre.