The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1883-03-22
The Chesapeake and Ohio Railroad


Richmond ON the 18th inst and from the report of
the President, Huntington, published in the
Ssae we make several extracts, of interest to every
| business man In Virginia:
1 As shown In the accompanying statements, the
gross earnings OF tho calendar year 1882, TO which
our fiscal year now corresponds So 1851,
an increase over those of the previous year $685.
63S61. The operating expenses were 81, 3O2 44S.5s
an increase over those of the previous year OF $780,,
! OSLO
The net earnings for the year 81 ,032, 52S So
an increase those of 1881 of 1854, 5SR 81 The
! interest requirements Of the funded debt for the
year s729,030.
AS regular traffic over the extension to Newports
News, and the connectionto Louisville and the
Southwest afforded by the Eizabethtown, Licking
ton and Big Sandy Railroad was hardly organized
to any considerable extent until midsummer, the
Increase in ca rnngs for the last half of the year
reflects the first impulse to the business of road
from these sources and affords slight iEdcs-
ton Of what may be expected from them hereafter
The advantages of the deep-waer terminus at
Newports News are already felt in greater degree
| even than had been expected at early day, es-
pecially In their influence on the coal traffic of the
road both in the reduction OF vessel freights for
coastwise shipments and also in the development
OF a new and profitable market for our coal in sup
plying going steamers with fuel. The superior
quality Of our steam Goals for marine use, and the
convenience and accessibility of Newports News
as coalfng station for the largest steamships are
rapidly developing business which is destined to
assume very large proportions in the near future.
One hundred and six steamers have taken
fuel at our Newport's News wharves since the first
one was coaled there In the month of August last.
With the completion of the large grain elevator
now in process of construction at Newport's News,
tha adv tho
point will be still further apparent
During the year the company has constructed a
branch of Its eastern extension from Newports
News via Hampton to the boundary Of the United
States military reservation Old Point Comfort to
accommodate passenger, mall and express bust
ness to and from that point.
Favorable progress has been made during the
past year In perfecting and extending our connec-
| lions with the various centres Of production and
| shipment In the West, Northwest and Southwest.
The Elizabethtown, Lexington and Big Sandy
Railroad con Meeting western terminus at the
| Big Sandy river with Lexington and thence with
Louisville and the Southwest via the Kentucky Cen
| trail with Cincinnati and the Northwest, is in
excellent order, and Is operated by this company
under an arrangement which Civ s to the E. L. l.
B. s. Company the net earnings Of the road, and
thus secures harmony Of peration and economy of
administration without Imposing any pecuntary
burden upon the company. The Big Sandy Road
In the infancy of its business Is already earning
| over onaraftno avnarsas co,s,daroh,1 80 tn.n
enongh To p,aet tho ,n+aras+ on TO honaad dah+
The Kantpcpv captroI po,,roo5 co,,,on1, 90 r,ak'
! ING tmnrovamants ond ov+ons,on. ~ +ha,r ,,na
which ,nnst odd ,raa, - ,t - ,, -, -. &C.
| and ,nora.so a. ,....,.. ~, 60. .oa,, 49,,
Ohio and E. L. B. s. connection.
The Chesapeake, Ohio and Southwestern Railroad
| &c., 49,, 49, - -
nh, ~ -, :, -, 80 - =. - y -
to- .,ar, ,Ior-.,o.,s -,
$500 - ny ~. 49,,
- o. 1o''oA on p-ii0"'' e0A.'o- us 49,
- ~ ~ ~" oi.oaAs aAe AoA''' ..,
eNe 49, W ~
u 'Aoir ioao oo'"oon moinpnis anu NO" oiaeans'
~ ""y VI '"Asou's anu De''oh nouse' anu oApee'
W nave II conpie'oo "ithin eignteen months from
ais 'iio' hhi7 roac' uhaer SUBSTANTIALLY Inc SAME
ownership anu controi Will form an important e1-