The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-10-15
DIVIDENDS DECLARED.
THE 3. & o. AND WESTERN UNION
The Former Announee Their Semi-An-
nual, and the Latter Mahes y
Splendid Showing fer the Year
Ending june 30-O:her
Rail and Wire News.


BALTIMORE, Oct. H.-[Special. The
regular monthly meeting of the board
d directors OF the Baltimore 4 Ohio
railroad company was held yesterday,
Mr.. Robert Garrett presiding. A
dividend of s per cent in cash for the
six months ended SsptembSr 50 was
declared on the stock of the main
stem and on the stock OF the Washing
ton branch. After disposing of the
business tho president made
looking to the detailing, the
results of the recent inspection which
and several OF the directors
made over the system of the company.
He said he desired TO congratulate the
directors of tho ability of the company
to declare the customary semi-annual
cash dividend of per cent. tor the
six months ending the 30th OF Sep
tember last, although the business de-
preston had been continuous during
the fiscal year just closed, this, OF
course, decreasing the earnings OF
railways generally and necessitating
in many cases a reduction of their
dividends. These decreases Of earu-
ings have been materially augmented
by the wasteful, reckless and unwise
methods of competing routes, which
"ntailed additional needless losses of
magnitude. This company, even unosr
thls observation-disclosures condition, had
steadily adhered to its fixed policy,
aud has not hesitated Co make suen
shcrifices as were required to maintain
its position and to protect the
interests of tho people of
Baltimore IA well IS tho other
interests associated with and depend
ens thereupon. The president and the
directors who were able to accompany
him Teturned to Baltimore on Mon
day evening, after having spent a
week in examining the roads and
properties All were gratitied with
the excellent and effective condition
In which they wore found. ave were
pleased to note the encouraging owl
debces OF returning prosperity and
were impressed with the belief that in
tho comparatively near future we may
reasonably look for more satisfactory
net earnings. At Pittsburg a thor
ongh examination was made OF
the new Junction rosd which has
already proved apowerful auxiliary in
developing tho business of this com
pany, and particularly that In ita
Pit,sourg division. The junction road
~ PlttsDurg IN connection with the
Pittsburg IL Western and the Pitts
Ian u ,l.
desi able additional route to Cleye,
land and not only gives to Pittsburn
ana the adjacent regions and commu-
mites al additional strong compt tiLiye
liDe to Chicago aad the Northwest,
but also sif rds via the Central OHIO
road and the Columbus Il Cincinnati
midland, new, effective aud eco
nomic composition for the business of
Cincinnati, louisville, st. Louis and
the entire Southwest. AS the pros.
pefitv OF the Pittsburg division and
its sfliliated interests depends greatly
ON he activity of tho steel, iron, coal
and coke trades, / am GLAD to be-
able to announce that cpnfereu q
with those largely identified with
those interests, shows a growing re-
vval OF these important industries,
The express aud slseping-cW system,
owned and operated by your company,
continues to secure public cogni2 lnoe
| and approval.
"Vhe Baltimore Il Ohio Telegraph
company continues t0domOnetrata liz
usefulness and strength. In the West,
| rspscislly, It's value as y vigorous, in.
| dependent and energetic connection
OF tho Western Union Telegraph com.
pany Tor business, is much appreci
s,eo. lis p1licy ot independence and
OF reasonable tariffs ahd firsC-nlgsr
service is inim1nding a large share
plpuOiic p: renage, and continues u
solicit much favorable c0mmeng. You
executive officers arc engaged In the
preparation OF certain plans 10 further
ths extension Of your telegraph unsa
especially into valuable Northwestern
territory, and towards tho Pacific
coast, with which we hope soon 10 be
III direct communication. II il also
believed that at no distant dRy this
government of the United States will
enforce these provisions Of tho Ia g,
under which the land grant, rail
roads and telegraph lines were
built, which required that the bust
ness OF al competing telegraph
companies shall be transacted owe,
these linesimpartislly and upon eouaJ
terms, That ~, enabling this CON pany
To materially Increase its effective,
ness, TO extend the area over which II
10 a permanent competitor of tho West
ern Union system. IL Is, however
rspidly assuming final shane nn1
nope To lay IL beforeyOur fiaanco com
M tseo FOR ratification prior Co the mex
meeting OF your boerd.n
Messrs COsle, Supplee, Brown
Hooe and Judge Dobbiu, representipt
respectively the interests OF the stack
| h1idera of the city of Baltimore an,
mo state of Maryland ia the board. a
tho conclusion OF the presidenrs adj
dress, made remsrks expressive o
thetr qualification at being with IN,
party ana what they saw and hoar,
and endorsing and strongly comment
ing tho presidents views and polirv
Mr.. Suppleo stated that tho eyi
doncee OF el, he saw and heard mad,
NM idcl IA renewed lnturess in the e. r
porauop, and TINT be- would b. ypr,
inil indeed who wpuld not 90 rrentl,
mpvsl by the strong expresyiung o
| approval which thov received lu
tho West, especially regariin,
he System oi tho Baltimore A
OHIO Telegraph company. Indeed /
appeared 10 hin that this svstem wa
Az popular and nseiul 10 Chicavu A.
that of The railroad itstli, Sni he coul,
not help but believe that In eyieniin,
Tho telegraph system they were ok
tending thDl of tho railroad itselr Mr.
Suppios ssid that u seemed the con
setvativo management of tho compan,
had specially Impressed itself on th,