New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-11-18
RAILROAD INTERESTS
INN BALTIMORE AND OHIO.
EARNINGS PROFITS AND OPERATING kArhN'A'
r,rr rr, rGRApH SYSTEM.


EARNINGS PROFITS AND oPERAIiN" H~
TIE TELEGRAPH SYSTEM.
p,r,voRr. Nov. 1.-THE annual report OF
a.. baltimore and Ohio Railroad Company, read al inc
x..holaers. meeting to-day, shows total revenues oi
q, ase sO7 3s for the fiscal year ended Septemper o
compared with the preceding year, the ear''se W
sso3 $50 SIS smaller but with previous years ha'e'
larger Over those OF 1879 they show an hcro"s' VI
&S2i2626 95. The net profits show eo'nl"''oN
crease from last year OF $194,44l 90 !"
chiefly OF an increase in the working expenses ne ~
80 osro,,uy exnenscs to earnings was 5l4s per 'cn'
AGAINST SO Os per cent last year ana oooS per oo -,
1850 semiannual dividends OF 1--WE per cent wero p'a
during the year In regard to the general management
of the property the report says
The exceptional and highly conservative system VI
the Baltimore and Ohio Company without precedent IN
America or Europe. by which more than forty-scVeh
millions OF dollars of earrings unrepreseheo ny
oreonds have been invested, during long se'ios VI
years in valuable improvements and extensions III on
Meeting lines in the great iron bridges over '"o '
river In elevators wharves piers, docks, termn" i'
ties real estate stations. locomotives, cars etc rs
enables the company 10 continue the payment oil sen'
annual dividends of five per cent each on It's '"p'a
s,ock which amounts to only Sl4,1s5'soo' sun" ~
limited as to present a marked cohtras''o .n"' y" 90
comne,inr trunk lines Tho capital stock OF the
New-York Lake Eric and western iaHoau iS
s77lJ0600; that of the Ncw-York Central ana uuso'
river Railroad $40 i2s 300 and that OF the PennsyNa
MIA railroad 500 6l9. $50. This satisfactory cohon
every Industrial interest and branch OF trade ana u'
continued serious and prolonged c9mpeu,on avs that
ouent uuwise action OF antagOnistic interests '
Inc company whilst continuing TO enect e1celeh' v
suts for all holding investments IN It's pfopery s
maintain Just policy, protective alike OF tne a. q,
its terminal cities and the regions WIN "''" ~ " ~
The report states work the new line between
Baltimore aud Philadelphia has advanced tnP' shoId
prevent the will be iu operation about July oi .nc
coming year The bridge across the Susquehanna h.eI
nj n l4rge
world IL viii be 6.3i6 feet in length ana "a ieeo S
mean low tide. The supersructure Will be OF see anu
will lie erected in the early spring All the o'her p"seS
Oh the line will be OF iron. - .o, ,h. W.
In regard to companys telegraph system. inc re-
port saws: This company has been engaged Tor many
years in contests with The western u ~ in tceSIaph
property and it is gratifying to announce ,m
on all occasions when the questions nave oce o c""
nitted 10 the courts. The telegraph system Oh 'no ,
%S.y IS sTsfore fs 10" S SS,re the late pres
ident in his address to the board IN Jpe io - r
rany had Deliberately determined TO maintain me an
scIe independence Of its telegraph ana .n.h rn' II
maintain firmly and succes sully is az
great % oa Continue to enlarge its capacity
10 meet all requirements has since been con,uonsS
acted upon until Baltimore aud Ohio telegraph Ts
tenn now represents 6.ss6 miles OF poles ana 49,
miles OF wires, IN the acquisition OF VIII oo n0n The
been expended during the fiscal year SI.o 49,;
company has telegraph system twice a. akv a.
that OF the Atlantic and Pacific when Ta no soi rrany
aud aud onequarier tacs as large az n1o 81 in
an UnOnaw which SOFA "'' y"
the same stock and by the close OF the year IL VIII nav
M nearly . both OF those companies
combined, whilst the location and character Oh ns
render them far valuable President Eaes OF the
Baltimore and Ohio Telegraph Company VINO h"s re-
Gently spectcd property. states III MS report '''
the lines are thoroughly and strongly mutt that tne
offices ar, we'll located aud that the stan IL active ana
efficient The expenditures for the past year nave Doeh
made at time when material was obtained u: Tcuuc
tion of at least per below the lowest prices at
which lines constructed III TINS country
The svstem exceeds in capacity that OF any other com
pe.ing telegraph company. and between me wv" sre,
cities of the East and Wet Is believed, 10
facilities equal to that Of any c0lnIa.y; h 10
fng at compared with that of the system OF s
main competitor il is believed that 1t can Obtain ana
hold such volume of business as VIII ycld satisia'oI!
net results from the expenditure The pubic nave
already received. aud viii continue 10 receive HaFah
faces and economies from the competition Onerci ny
system Of such strength. pcIlnancncc ana magnitude
Since the company commenced its own commercial ss
tenn in 1877 its telegraph expenses incident 10 Us ran
road b been reduced 1919 per cent WHIST Us
receipts from railroad business yclucieaScd
II when the system of tcegraphs created p
The Baltimore Company has been pcrfec nat
The oueTtiug expenses OF the telegraph department oi
railroad BUSINESS VIII De further reduced The bonds ana
etock of the Baltimore aud Ohio Telegraph Company; "a
separate corporate organization, to lie issued 10 the
railroad company for the advances OF the latter in inc
construction OF the telegraph lines. are III course Oh prem
sraon will soon he in the cOmpauy's treasury anu VIII
constitute "a valuable asset