Delaware state journal. [volume] (Wilmington, Del.) 1870-1883, 1883-11-29

Annual Meeting OF tho sfoc N h elders
The New Line.


The annual meeting OF the stock holders
Of the Baltimore q Ohio railroad company
was held at Baltimore Monday, and the
fifty-seventh annual report Of the presi-
dent and directors was submitted, EN-
braoing q statement for the fscal year
ended september Both, 1888 The report
shows the aggregate earnings, expenses
and net earnings OF the main stem ard
branches Of that period of time. The
total esrnings were Sl9, 73s, 1877 90 total
expenses, al ,034, 0l4.69; net earnings,
S,706, S23 "a. The working expenses
were 66 SO per cent, showing an increase
over lastly The supplies fund is now
cas-. 1853. 479 SO.
The following directors were reelected
without opposition William F. Burns,
Robert Garrett, John Spear Nicho,xo,
John Gregg, William W. Taylor, James
| Carey Coals, g. A Won Lingen, Decatur
q. Miller, Joshua g. Harvey, George W.
Dobbin, Henry c. Smith and Aubrey
Pearre.
| Tbs report says OF the new line, after
q reference to the diminution OF revenue
caused BY the imperfect connections Of
the fsnnsylvanis railroad company !:
| Upon the com pietion OF the Philadelphia
|
the Baltimore 4 Philadelphia railroad the
difficulties which are now caused by de-
lsyed and unsatisfactory connections will
be removed, and the Baltimore & Ohio
company will then be- restored both for
it's southern and western business to q
position which will enable II to much
northern aud southern and western
traffic. 1t Ia expected on the
opening OF the Philadelphia branch that
the time between Baltimore and Phila-
delphis will be reduced to two hours, be-
tween Washington and Philadelphia 10
three hours, between Baltimore and New
York to four hours, and between Wash.
inRton and New York to five hours. Al
present passengers between Baltimore
and Washington are transported by this
quick trains Of the Baltimore & Ohio
company in so minutes, and 1t is deter
, mined to reduce the time of these traini
on the next schedule to As minutes
, Thirty eight passenger trains are nov
run between Baltimore and Washington
, daily.
, 10 another place the report refers Il
/ the building of the Philadelphia branch
"under 8 contract between it and tn
r / .
to the Baltimore Il Ohio railroad compan,
all the frat mortgage At per cent. bond
' of the Baltimore & Philsdelphia railroa
r company. These bonds OF the Baltimor
!. & Philadelphia railroad company witt
Il other securities have been placed In tn
a hands of trustees as security for the lOa
9 Of e.. 1000 This loan Issued by In
II Baltimore x Ohio railroad company fo
i | - m ti rf h.. hattr an
b Baltimore and Philadelphia is pay able /
9 1888, b,ars 4, per cent. interest," p.
10 annum payable semi Annually In L0pdo
n and has oeen negotiated at par"
l. The report also calls attention to til
a commercial, military and naval impo
n tsnce OF the projected Chesapeake
Or Delaware ship canal and of the savin
in transportation by lessening, by &c
O. miles, through this canal, the distant
It between Baltimore and the ocean. Tt
at commerce which would pass through IL
IN canal may be conceived of when 1t
" rememl cred that during the pa
IS year, with reduced crops, $4,000
at 600 bushels of grain alor
at were exported from Baltimore. 18Th
y. great Importance of this canal in case
9, foreign war is commanding IL Grease
D. attention, as vessels used in defendir
la Washington and the Potomac, Baltimo
Of and the Chesapeake, and Philadslph
he and the Delaware, could be oonoentrat,
ID with great rapidity Tor the protection
Il an one of these most important oiti
H. and regions. The prevention of Il
es burning and destruction of either Il
Is national capital, or Baltimore, or Phil
in delphis, by such rapid concentration
naval forces, would make the cost OF IL
Of canal comparatively insignificant"