Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1883-03-23
No. Of tons Of freight carried

Statements are herewith submitted by
the lessee showing the classified tonnage as
compared with that of 1881, with the in
crease and decrease and rate per cent, from
which il will be perceived there is de-
crease in the freight traffic Of $40 tons re.
sulting in decrease of the earnings from
thst source Of 81, T59 "A, or 3.l7 per cent
On the other hand, there has been an in
crease of the number Of passengers carried
of 1851. resulting in an increase of the
earnings from that source Of 1854, or s. 76
pcr cent, and increased earnings from
other sources OF $l63 o., making a net iu-
crease from all sources Of 81, TI9 IS, or So
per cent.
There is also detailed Statement. Of ex-
pPnses for lSS@. compared with those OF
1881, showing an increase OF expenses for
1882 over those OF 1881 of 81 9O2 73, to which
add increase in hire of equipment, 1859 81,
showing q total increase Of expenses of
s., 272 ~ and a decrease in net profits OF
50, 1872 81.
BENwooD EXTENSION.
On the 18th day Of July last an arrange
ment was made and an agreement entered
into between the representatives Of the
Baltimore and Ohio Railroad Company and
the representatives of your company by
which all the right of way for the Benwood
extension, which bad been so long in liti.
CATION, was granted TO your company over
the lands of the h. 4 o. Il. X. Co.; and on
the 18th day of the same month the city of
Wheeling by ordinance ratified said agree
ment so far as the interest of the city was
affected thereby.
As soon thereafter as the notice could be
given. contracts were made for the con.
struction of the extension and the work
commenced in the latter part
of September last. The work has not
progressed as rapidly as was expected,
owing in a large part 10 the failure Of the
original contractor, yet the extension is
now open in part for traffic and it is expect
ed wilt be completed at an early day. There
had been expended on the extension to
December 81, 1882, including the expendi.
lures Of former years, $53, HOS, as will be
seen by the TreaSurers report This SUN
has been advanced by the Pennsylvania
Company with the understanding thst so
soon as the amount necessary 20 complete
the work shall be sScertained arrangements
will be made for the repayment either by
the issue Of bonds, already prepared, or by
such other mode as may be deemed m )st
advisable.
by order of the Board of Directors,
c. d. HuBBARO,
President.
Mr.. Hubbard supplemented the report
with few explanatory remarks. In eX'
PLANTATION of the falling off in freight earn
ings, he called attention to the hatness OF
the iron business, last year, owing to the
strike. and the s.oppsge for so long, of the
Top mill blast furnace. The increase ofex-
penses was caused by the very consider
able repairs to bridges, the replacing Of
worn out ties and the laying OF the new
steel rails. The report was then received
and ordered printed for distribution.
The following resolution was offered
WHEREAS, It appears from the report OF
the Board Of Directors this day submitted
to the stockholders of this company, that
there is due the stockholders out of the
surplus earnings to December 81, 1882 the
sum of $39. 3d., 50 which is fraction more
than ten per cent on the full paid stock OF
the company, which amount has been ex-
pended in completing the road from
Steubenyille Junction to Wheeling, there
fore be it
RESOLVED, that the incoming Board OF
Directors be and are hereby requested to
consider the expediency of returning said
amount to the stockholders in the form of
additional capital stock,or otherwise a
they may see proper.
On this q stock vote was taken and was
unanimously adopted.
The election Of directors was then en-