Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1886-11-17

Exhibit &c" shows the earnings and work ting
expenses for this Fiscal Year as compared with
the year creviour.
From ,his IL viii b. seen that the Grrs,
Earnings are 81. 6253S less than the previous
ear. Tia passenger business. both loc and
tbro'IgG. shows g decrease Notwithstanding
additional. train iacili les were pToYdedGuTin :
tue last four montns OF the ysar, covering the
summer or Springs season. With the hope that
q larger business would be developed; but the
result has not Justified either tho expectat ion
or the expenditure.
Tbs Local Freight shows a small increase:
less than ore per cent. although an additional
st ton was opei Q duitag he year
TITS Thruugn Freis hit shows decrease of 81 :
S32 10 or 4.79% In 1885 there were receiv Ell from
the Baltimore and OHIO Railroad Company at
HarrisOnb arg 6, 100 tons OF freight as agains vi
So sos tons in 1885 the decrease being chiefly cox
and gain; there heiDg 10 974 tons less than in
1885 and grain 3Sl6 tons The decrease in cox e
shipments is accounted for by the strik q in til 9
Connelsville Region and the fact that the
furnaces in the South in the absence OF this
supply secured their coke from other regions
nut tri butarY to this road
The freieh;s delivered to the B q O. show IN
increase Of III ions. the increase being princi-
pslly In Live stock Forest products and Iron.
The ghts delivered to the Richmond and
Allegheny K Il. al compared with the previous
year shows dee, -ase OF 1871 tons. the decrease
neing chiefly IN coke and gra IN from he west.
But the freight delivered to the Richmond and
Allegheny Ia still largely In excess OF the
amount received from that road
The decrease In the Gross Earnings has been
due 10 the continued depression in business;
year, and the severe weather during last
winter. For the last half Of January and the
first part of February the heavy SHOWS almost
block AIDED the country roads but little busi-
ness was transacted along the line, and the
earnings were NET sufficient 10 meet the opera
ting expenses of the road. To the unusually
wet Spring may be traced also one of the causes
which prevented q larger increase In the local
business.
In connection with this years expenses 1t
would also be tatsd that a2503, were paid In
settlement for personal injury claims accruing
in previous years and $500 81 in Repairs of
Bridges were for repairs TO bridge at East Lex
ingto made necessary on account Of damage
by high waters.
During the scar the Indebtedness to the Bal
timore and Ohio Railroad Company of $34. 87 ii
mentioned In the last Annual Report as due
for loans used in the permanent improvement
OF the property has been fully liquilated by
proceeds from the sale OF County bonds.
As was the case last year Ger tain betterments
and improvements such as new station build
ings additional sidings and the permane emit
Improvement fthe Road bed have been found
necessary and have been made during the Fis-
cal Year and paid for from the receipts, thus
avoiding any increase In the.obigatlons of the
Co.
The Company holds In its Treasury s4s, 100.
of ROCK bridge county bonds and Si4 sou. OF
Botet0urt Co. bonds. total OF SS7 600, on which
at
county held by the company on which no
interest ia paid but which when the county of
company mus. ' become an aSaiisbie asset. 'n'
It. ras been disappointing that the Net Earn
iugs from traffic have not been greater, hut 1t IL
pleas ng to note that the business for the last
six months OF the Fiscal Yer shows a marked
increase over the same period of 1885, and with
the present increased prosperity 1t is hoped
thai the net earnings from traffic slone will be
sufficient to meet the fixed charges In future
The track and other properties OF the COM
pany have been we'll maintain ed and improv-
ed during the year.
800 feet OF steel rail have been renewed and
IL 500 new crOss-ties out into the track.
The side tracks at Folly Mills, Mint Spring.
Spottswoed, Davis and Timber Ridge have
been extended
An arrangement was made with outside
parties for the erection at Tie Town or Sand
Banks, at their own expense, of a warehouse
TO include station facilities. This station Is
now known as DECATUR and first class agency
has been established there
The old Camp Boarding House at Fairfield
has been converted into y dwelling by some
slight alterations and repairs and is now a
source OF revenue to tn. COMPANY.
Bridge No has been fsbuilt wrought iron
Orders being substituted for the wooden Ones
ened 2spans IS 1eet and 100 teet long respective
ly-new white piue track strirgers Gxi5 were
put fn-3 pieces 6x15xS0 feet long under eacn
rail and rsnswed white oak ties 7xSxlU; and
the ftes or the 1863 feet span were closed no SO
d 10 bring them IA from center 10 CENTER ia.
stead Of az previously.
Bridge No. IS has been re5uiitard Is wrought
iFou gisders substituted for the waodep ones
Bridge No. 37 was repaired and streng til Gu ed
By putting in 81 new yellow pine track string
ers Sxi5x4l feet-l6 new white oak caps l2x l2xl2
feet.
Track has been renewed on bridges Nos S. o.
10 10 and %; and slight repairs were made TO
Nos 81 and 80.
Track was also renewed on six omen culyerts
The ack now.edgment of the Board continues
to be due the officers and employees for earnest
and effective work.
s. SPENCER.
President