The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-11-18
THE EB. & 0'S BOAST.
THE MEETING OF STOCKHOLDERS
AZ Ialsi'n"r' fcs'ertlay-ThcA Annual Report
Shows nn Admirable Siats or Affairs.
The Conservative Policy ot the Man.
-l4 n.en'nnt-Th. Telegraph, System.

, Special MT'aich 10 ihe Iaie,tigtncr nf Iar
!, BALTIMORE, MD, Nov. 1.-THE Balti
more Il Ohio railroad ut Its annual meet
ing OF stockholders to-day, submitted {
report simply remarkable in WIN, i
shows. To-day there Is no stronger rail
way corporationin in the world, and none il,
Il better position to take advantage OF the
prevailing low prices for materials than It,
The Baltimore 4 Ohio shows bv its
annual report that in the inst twelve
months 1t has spent more for iu,.
provements for new lines and better.
mcnts than ever before in lis history. W.,
notwithstanding this it has put Sl,900,00O
Of i!s net earnings into the surplus fund,
swelling that to tho an,asng total Of iofty.
seven and three-iouulls millions Of dol
lars. Tho Baltimore 4 Ohio bas not ,r
duced It's rate Of dividends, having paid
out durin. the year, promptly, live per-
coat sem'annua!ly upon its rapitaiiya.
'loa, and Judging from It's relative position
to the other trunk lines it Is liable to con-
tinue It's ten percent annually on lis stock.
1t appcarsfron the repnrt that the en-.
Ltiro capital stock OF the Baltimore 4 Ohio
amounts only TO Sl4,7S3,900, in marked
contrast, as the report goes on to say, to
that Of competing trunk lines,
THE NoAD'a nEpExuEa.
The total revenues for the twelve months
ending the thisiie,h OF September agsr
gated Sl0,436, ,Go7.3S, and rs indicative OF
the development Of tho last llalf decade it
shows that this year there has been an In
crease oftlve aHdaq quarter millions during
that pcriodin all the different opcra.inr,e.
partmcntst M increase oil exnen}iturcs
noted proving that the management tt ,hp
Baltimore \ Ohio fully appreciated the ul-
vantage ol securing every benefit In the
way Of improvements at the very low
prices now IN vogue, and it would appear
to be the well'sustaine,l policy OF Mr.. Rob.
ert Garrett, President, pro teA.., 10 put lie
entire property in the very best condition
both as to track and equipment prepaa,
tory to the c' mpletion Of the new linea In
course Of construction, aud which will add
80 largely 10 the Importance III the Baiti-
lnore \ Ohio system us a whole. n,
THE NEW LINES,
IN the annual report submitted to-day
much attention is devoted to the new lines
which arc TO be connected III The general
system, having headquarters at Pittsburgh.
the junction road whicl, is controlled by
the Baltimore aid Ohio and its allied H.
terests and which connects ut Pittsburgh
with the Pittsburgh Division, has licen
completed through that city by ,.nnell;nr
and an elevated road, and tln nee ty fine
ron: bridge over the Allegheny river to
the junction.
The Pittsburgh Southern, another OF
the Baltimore and Ohio's lines has been
placed III perfect order lurn: the ycarand
connecting Mt Little Washington With the
baltimore and Ohios branches 10 Wheel
Ing, Ind 1t will, in connection with the Cen
trail Ohio To Columbus, and thence yia The
Columbns and Cincinnatimidlunl railway
form Il most advantageous line from, Pits.
burgi' direct to Cincinnati, 81. Louis and
:lle Southwest. ~. -" :.
AS AFFECTING WHEELING.
The Baltimore 4 Ohio is pushing to
completion what is known Us the Ohio &
Baltimore short line and which, when
completed. will largely decrease The dis.
tanuc and the time between Baltimore and
Chlcaso and open up u section OF country
which must yield large local revenue. iii
will also shorten by Is miles the distance
between the Conneilsville coke regions
and Wheeling, where such heavy manu-
tacturing interests are cen,erei. From
tho main line 1T Fairmont another shot
enins Of connection between Important
points is affected ly tic new road which
is being built by why OF Morgantown, con-
Meeting Will the Uniontown branch OF the
Pittsburgh Division, and thus enabling
i direct communication between the
man line and the Pittsburgh division.
REcEIl'ra Ann EXPENDITURES. .-
The operating expenses OF the road are
.tatednt $G,2G7,2l6 03, and the ne. earnings
$5,2571,774l %. The percent Of working
cSpensesis largely increased owing 10 The
extensive series Of improvements which
have been carried on, particularly during
the rass summer. Reference is made in
the report to The sharp competition there
has been in the coal traffic, but despite
this the report shows IN increase OF ti,3,-
e%; tons during The year, and counting III
coke an increased tonnage OF 7l5,S3S. The
equipment added during the year botl OF
locomotives OF the most powerful and
modern class and Of cars OF rreat capacity
has been the largest in the history Of The
company. 5.
THE ETELEGE.,pH LINES,