The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1889-05-17

Their progress had, however, sutii.
ciently advanced by the fall Of 1888, and
before the completion of the sixty.sec.
ond annual report Of the company, to en-.
able them to prepare, in conjunction
with the executive, IN analysis OF the
surplus fund account. This analysis in.
yolyed much labor and thought, and
freely deals with several OF the itoms
constituting that account, diminishing
the value Of many aud giving barely
nominal values TO others, thus ultimate.
ly resulting in the large total reduction
Of $24, ,76s, 1853 02, as stated In particular
detail on page IA OF that report.
Your committee beg 10 add that the
information which led to their revision
Of the surplus found account was large.
ly obtained through the attention and
care OF their accountant, Mr.. Bulkley,
whose personal aid and supervision were
also ayailed Of in the preparation Of the
balance sheet,
BY direction OF your committee, un.
der date Of August 9th, Mr.. Bulkley was
instructed TO make tour OF inspection
Of all the lines embraced in the Balti.
more 4 Ohio system, and ascertain their
general condition at the time OF inspec.
ton, and also as to the actual ownership
and possession OF all the properties
shown by It's books to beloSg to II, and
constituting part OF It's assets.
Between the Sth OF August and tho
7th Of September, 1888, all the lines
south and west Of Baltimore were Wis.
ited-the Philadelphia Division and
Schuylkill River East Side railroads
being visited at a later date-full mem.
oranda being taken, and at the date oi
tho stoCkholders' meeting Mr.. Bulkley
was engaged In the preparation Of hlV
reports ON these lines. =
A meeting Of the committee was held
March 18th, 1880, when Mr.. Decatur II
Miller was elected chairman. The SEQ.
retary and accountant Of the committee
Mr.. Bulkley, submitted for the informa.
ton Of the committee the following ex
hibits as 10 the result OF bis labors, Wig
Here follow thirty.nine exhibits, coy
erfng In the fullest details the entire
system Of the Baltimore 4 Ohio Railroat
Company In all its departments and In
tereSts, physical, financial, accounting
etc., etc., many Of which showing thC
financial condition OF the company, the
valuation by the committee Of the sur
plus fund and other matters, appear q
length, as stated by the committed
In the last published annual repot
Of the president and directors Il
the stockholderp for the fiscal year end
cd September 90, 1881
PHYSICAL CONDITION or THE LINES.
Your committee deem II proper TO Il
ier TO tho iaCt touching The physics
condition ot the lines named in thes
exhibits, and especially that Of the mai
stem, % well as its bridge struotureI
equipment, &o., that much attention an
large expenditures have, since the dat
thereof been and arc continuing 10 b
made BY the company 10 bring II 10 thl
point Of efficiency which ID now In
posed BY the demand for heavier enginI
oi increased power and speed, 10 elel
lively compete for the quick movemen
Of both passenger aud freight traffic.
They recommend the adoption
every means for the enforcement Of III
etFiqteet eC9nomleg In tho msnagemet
hi the pomnany'a business whether b
the seduction oi salaries or OlhOrWiAC
and, 10 that end, the President be h
quested 70 make q thorough and con
lplete examination Of the various depat