The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1889-05-17
FINANCES OF 7HE B. 10,
Report Ofthe Investigating Com,
mittee Submitted,
THOROUGH REORGANIZATION
In all Departments Recommended,
Economy Must bo Practiced-A
Comptroller Should be En-,
ployed..G Gorrnan's Position.

BALTIMORE, Mn, May lG,-At the
monthly meeting Of the Baltimore &
Ohio Directors yesterday, the Investigat-
ing Committee, originally appointed
April IS, 1883, submitted its unanimous
report, The report was accepted and the
committee discharged, with the thanks
Of the Board for the arduous duties they
had performed, and the report was
thereupon referred to the Executive
Committee, with the request that the re.
port, with all Its accompanying exhibits,
be carefully examined by that commit.
tee, and that, after due consideration OF
the same, said committee should make
such recommendations to the Board for
its action upon any matter or matters
covered by the report and exhibits as
would, in theirjudgment, conduce to the
best interests Of the company,
The report is as follows;
BALTIMORE, Mn, May IS, 1880.
To he PresidtRi aud Board Of DirectOrs afths Bal.
hROrs & 0ktO Railroad CompaHV;
GRSTLEMESi-on the 18th day OF
April, 1883, the following resolution was
passed at meeting OF your board;
WHEREAS, The recent financial trou.
bles OF the company have created great
anxiety In the public mind as to its
financial condition, and the value and
earning capacity OF itS road and proper- |
ties, and
WHEREAS, It is due to all interests |
that full, frank and complete state.
ment Of It's affairs should be made to the
public, therefore,
Bet Resolved. That William Keyser,
James L. McIane, George W. Dobbin,
Thomas NJ. Lanahan and A. p. German
be, and they arc hereby, appointed q
special committee, to make a thorough
and report to this board |
the exact financial condition and the
value OF Its properties, and TO make
such recommendations as 1t may deem
best for the better organization OF the
and the said committee shall
have full power to employ such agents
rs II may deem necessary in prosecuting
It's labors, and all officers and employees
of the company are hereby directed to
furnish said committee any information
which 1t may require.
In pursuance Of the authority con.
aimed in the said resolution, your com.
nittee was duly organized, with Mr..
William Keyser as It's chairman, and
1t once proceeded TO the discharge OF
he duties imposed upon them, and, in
)rder to the accomplishment in a salts.
actor manner Of the work assigned to
hem, they employed the services OF
Hr. II. D, Bulkley-a man OF high char.
Icter, an experienced accountant and
'xpert in all the departments Of railroad
management and bookkeeping. Mr..
3ulkley entered on his duties on the Sd
u May, 1883, and was given free access
o the books, accounts and properties OF
he company, and he has from that
ime on been continuously and actively
in the work assigned him, re-
PORTING to the committee from time to
ime the progress Of his labors. Your
committee found very soon after enter
ng on their duties that the work assign.
ID them was Of far greater magnitude
han they had supposed, and that
Ilthough every assistance had been rem
Tered them by the officers and employees
II the company, yet 1t was physically
TO complete the work and
ubmit a full and satisfactory report in
ime for the annual meeting OF the
toCkholders on November 10, 1888.