Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1883-11-27
THE BALTIMORE & OHIO.
Earnings and Business of the Oldest
Road in the United S,atcs---It,
New Connections.

baltimore, November 2B.-The an
,iuai meeting of stockholders of the
baltimore d Ohio Railroad eompanv
was held to-day. The fiftv-scyenth
annual report, dated September M
1883, shows earnings, Sl9.7S9. 900. OK,
penses, Sll ,0Si, coo: working expenses
oo.So per cent, showing an increase
~ compared with 1852, of Sl,03l 900.
irohl ana loss account shows an in
crease Tor the past fiscal year of 81 ,S55,-
ST. The surplus fund, which rep
resents invested capital de-
rived from net earnings, which is
not represented by either stock or
bonds, now amounts TO SIS, 76S. 40, to
meet losses which Were expected to be
made in connection with the reorgani-
cation of the Marietta & Cincinnati
company, now known rs the Ciucin.
natl, Washington d Baltimore rail-
way company, and which realized aud
Is estimated now at S6,a06, laa, and
those incurred in aiding the reorgani.
cation and the effective working of
this important line are believed To he
justified, great rs they have been, by
results which will be realized in
promoting trade and intercourse
between Baltimore and Washington
and Cincinnati and the Southwest.
Within brief period an additional
line from Columbus tn Clinton valley
ON the Cincinnati, Washington u Bal
timore will be opened. by connecting
it with the Central Ohio and Baltimore
u Ohio, Baltimore Short Line, and
Pittsburg Southern roads, makinga di-
rect and excellent route for passengers
and freight between the Pittsburg &
Counellsville road aud Cincinnati
and the Southwest. Payments for in.
redemption of sterling loans due 1895,
1902, 1910 l929 during year
amounted TO S627 1926. All tracks OF
the main stem and nearly all branches
east of the Ohio river are new laid
with steel rails. Upon completion OF
the Philadelphia branch, the Baltl-
more d Ohio road. and Baltimore &
Philadelphia road difficulties, which
are caused by delayed and
unsatisfactory connections, will
be removed, and the Baltimore
IL Ohio company will then be restored
with its Southern and Western bust
ness to a position which will enable il
much more successfully 10 compete fol
all Northern and Southern and West.
ern traffic. II iseXpected on the open
ing of the Philadelphia branch of The
Baltimore d Ohio railway and Balti
more u Philadelphia railway, that tn,
time between Baltimore and Philadel
phia will be reduced TO two hours, be
tween Washington and Philadelphia
| to three hours, between Baltimore anC
| New York to four hours, and between
Washington and New York TO iiv,
hours. The Baltimore x Ohio Railway
company, under the resolutions adopt
cd unanimously by Stockholders, i
building the Philadelphia branch from
| the point of connection with the n
ion stem to the northern boundary q
Cecil county, Maryland, where II con
meets with road which the Baltinor
and Philadelphia railway is construct
| lug through Delaware 10y way of vii
mington into Philadelphia. The fol
lowing directors were elected (: w. i
Burns, Robt. Garrett, John Spter, w
w. Taylor, Jas. Carey Coal, q. \
| Vandlinger, Decatur III. Miller
Joshua Harvey, G. ". Dobbin, Henr
/ &. Snnth and Aubry Plarre.