Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1888-01-29
WEST VIRGINIA CENTRAL.

Annual Meeting of Stockholders and Re-
port of President Henry G. Davis.
The annual meeting of stockholders and
directors of the West Virginia Central
Railway wa held in Baltimore Thursday.
The report of the President, Mr.. Henry G..
Davis, showed that the net earnings for
1887 were 1927, 93s 60; interest on bonded
debt, 500, $50; total net earnings, $685.
S7S &c. After the completion Of the
Piedmont & Cumberland Railway in
August last, connecting the West Viz
GINA Central with the Pennsylvania
Railroad system and the Chesapeake ana
Ohio Canal, the net earnings of the Vest
Virginia more that doubled, and in four
months amounted to enough to pay the
fixed charges for the year. During the
year two locomotives, one passenger car,
100 hopper gondolas (6l, 600 capacity, 6o
aat-bottOm gondolas $50, 900 capacity and
six cars were purchased al a cost of i99,-
800. Fifty additional hopper gondolas
and SO iat-bottoms are now being de-
liyered. There are no car trusts, and all
the rolling stock belongs TO the COM
papy. The company OwDs, IN fee, 32,244
acres of coal and iron ore lands, and miner
al rights on 5,407 acres, 1851 acres
in all, on which the bonds are Il mortgage,
az we'll rs on the road and equipment. The
line of the completed road extends from
Piedmont TO Davis, sixty miles. The ex-
tension now building, known as the
Cheat Extension" runs from Thomas TO
the main Cheat river, about thirteen miles.
The Piedmont and Cumberland railway,
which is owned by some Of the principal
stockholders and friends Of the West Vir-
ginia Central, is operated Ivy the latter
road. The West Virginia Central Relief
Fund reported total collections, 1887,
81, SS9 So; expended for death and acct
dental benefits, $3.50. 50; balance in bank,
So. sos, SO; membership, 400 persons.
The total shipments of coal over the road
in 1887 we're 4iS, S2l tons: the average an
pual shipments for the years 1882 to 1887,
both inclusive, were 1913, 1924 tons. The
coke industry on the line OF, the road liz
growing, some 20 ovens being now in Ope-
ration and leo more in contemplation.
Attention was called to the cost OF rail-
roads in Maryland and West Virginia per
mile, taking into consideration their bonded
and other Indebtedness, exclusive of stock.
The cost of the West Virginia Central was
SIS, 1893 per mile; the average cost OF the
other roads was SCI ,04l per mile.
The extension Of the road some 30 miles
from Thomas, in the direction of Leads
vile, in Randolph county, W. Va, was Or
dcred. The PRESIDENT was authorized 10
contract for and purchase such additional
rolling stock as the interests OF the com
pany NAV require.
Hon. II. G.. Davis was unanimously re-
elected President, Hon. s. B. Elkins Vice
President, and T. W. s. Moore Secretary
and Treasurer, and the following directors
were elected: II G.. Davis, s. B. Eikins,
w. II. Baruum, VIM. Pinkney WHITE, j..
n Camden, John 4. Hambleton, Thomas
B Davis, John s. Gilman, Wm. W. Tay-
Tor and VIM. II. German, the two latter in
the place of Mr.. Wm. keyser and Hon. A.
p. German, who resigned on account Of
their being elected as directors of the Bal
timore and Ohio railroad.