The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-03-28
$4,000 WORTH OF STOCK.
Whht Ohio County tets Out Of tho r., w. &
Ky'st.nst Dividend. .festcstfny II Meeting,

u $4,000 WORTH or STOCK. Y
! Whht Ohio County Gets Out Of tho r., W,
Ry'sL sLnst Dfvttend..f Vest er,fny Il Meeting
An annual meeting OF the stock holde
OF the Pittsburgh, Wheeling 4 Kentuck
Railroad Company was held In this cit,
at tho general Offices OF the compan,
, yesterday afternoon. Tho only repr,
) sentative Of the interests Of tho peunsy
wanna Company who was present wa
Mr.. s. b. l.iggett, Secretary Of the Penr
sytvania Company. MIR. 2. Is. Dobbiu,
President Of the Board Of County Com
missioners, who was present for tho put
pose Of voting tho county's stock, acte,
as chairman OF the meeting, and Mr..
NJ. Belleville performed tho duties O
Secretary. Seven thousand, five hun
dred and three shares OF stock wer,
voted Of which, Ohio county cast tw,
thousand and eighty.six. The old Boar,
Of Directors was reelected; II consists O
Hon. G. d. Hubbard, Capt. John Nc
Lure, Henry X. List. Esq. aud JOSEPH
Speidel ESQ.,, Of this city, and J. N. Nc
Cullough and Thomas D. Messler, oi
Pittsburgh. Mr.. Speidel Is Ohio couuty's
representative in tho Board.
1t was made public ut this meeting
that ut the last meeting OF the Board oil
Directors, in uddition to declaring tho
semi.annual cash dividend OF 3 per cent,
there was also declared stock dividend
Of 10 per cent. thereby increasing tho
capital stock OF the company from about
100000 to 100000. Ohio county share
OF this stock dividend amounts to about
$4,000, u very tidy sum. The financial
Affairs Of the company are III tuch excel.
lent shape that this action was fully
warranted. For several years past the
betterments have all been paid for out
OF the net earnings, and very neat Sur.
plus accumulated In addition.
The annual report Of the operations Of
the road under tho lease Of the Pitts-
bursh, Cincinnati & st. Louis Railroad
Company, for the year ending December
81, 1889, and OF the ilnancia! condition
Of the company at that date, as prepared
aud read by President G. D. Hubbard,
was very interesting paper. The fol-
lowing figures aud extracts are taken
from that report:
The gross earnings OF the road, rs re.
ported by the lessee, were s22S,s3 "a.
The operating expenses we've $3.50, ,59o 81
hire Of equipment SlG,72s 90, and the
amount paid OH suudry old accounts
S442 10, making total Of Sl47 1853 IS,
which, deducted from the gross earnings,
leaves $50, ,4G9 46 as the net earnings for
the yenr. 10 this amount is to he added
$2G,073 y, the balance due by the lessee
December 81, 1883, on account Of net
earnings, and tho amount due from the
lessee December 81, 1889, on that ac-
count, is SlOG,543 Is. From this amount,
however, is to be deducted payments
made during the year to Treasurer Da.
wilson OH this account, aggregating
SG5, 900, and the balance due by the
lessee December 81, 1850, on account OF
net earnings, is Sil ,5l3 Is.
There were expended for betterments
during tue year s5,006 e5; there was paid
on account OF the same out OF the earn.
ings, S4,459 %, leaving n balance OF
S547 10 due the lessee on account OF bet. |
terments.
Az before stated, the net earnings OF
the road for 1889 we're $50, ,469 4G; from
this amount is to be deducted the inter.
est on 5000, 900 first mortgage bonds at |
I per cent and other fixed charges,
in all to $50, ,S25, and surplus !
OF $40, GA 46 is left for the year. This
surplus Representa- nearly III per cent
on the capital stock.
The earnings and expenses OF the road !
for 1889 under the different heads OF &C.
count, compared with those for the year
1888, were as follows:
From freights, SlG4, ,40G 80. an increase
Of $lS,Gl5 IS or 1878 per cent; passen-
gers, s553,64l 81, IN increase Of $3.50 o.
or / so per cent; expenses, s., ,1I4 Oh, an |
increase Of Sl73 43 or 5.s3 per cent;
mails, S2,303 81, au increase OF $5lS 45 |
or 90 03 per cent; rent Of railway, S3.-
$50 50, an increase of S2,lS0 so or 1865
per cent; other rents, S472 OF, M increase
OF 1888 OF or 430.4l per cent; miscellane-
ous, S424 l9. a decrease Of 1924 81 or so !
per cent; total earnings, $$22S 2233 90, an
increase OF 81. 705 IS or l. l.G3 per cent.
The expenses were as follows: Con-
dueting transportation, SIC, GOO 90, de-
crease OF s4,9l7 90 or 9.54 per cent; mo.
tive power, s30,GS5 2S, an increase OF
50, ,S22 G7 or 42 2S per cent; maintenance
Of way, Si5,S27 90, an increase Of ST.
o0S 43 or 1894 per cent; general ex-
penscs, s., AIS 81, decrease OF S34S 81 |
or 4.45 per cent; hire Of equipment,
Si6,7oS GO, an increase ofsSl, ,042 70 or
6 81 per cent; freight accounts, $442 Is,
a decrease Of S35S 70 or 4i4.7G per cent
total expenditures, $l47,7G3 Is, an in
crease Of Sl2,538 90 Or 0 20 per cent.
There were GSS,2S0 tons OF freight
carried in 1880, or l3,94S,l97 tons car.
ried one mile. The number OF paasen-
gers carried in 1859 was l20,s24; the
number carried one mile 1,023 ,240,
The expenditures made during the
year for betterments were S9,l9S 05 in
excess Of those made iu 1883; the ex-
penditures we're all made on the Ben.
wood extension.
There was an increase OF tonnage in
1859 as compared with 1883, of 870s5
tons, or l6 g per cent, and the increase
Of revenue for the same was siS,6i5 IS,
or 12.79per cent. The greatest increase
in tonnage was in pig and bloom iron,
II, ,S32 tons, and the greatest decrease was
in lumber, 57,242 tons,
The increase IN the number Of pasaen-
gers carried in 1859, us compared with
1883, was l,44a, or l.al per cent, and the
increase in the revenue for the same was
$3.50 o., or i 50 per cent.
The decrease in the cost Of conducting
transportation in 1850 as compared with
1855, OF S4,0l1 %, or p54 per cent, was
occasioned by exemption from injuries
to individuals, which added largely to
the cost OF conducting transportation in
1855. The increase in the cost OF motive
power in 1889 as compared With 1888, Of
S9,S22 CT, or 1.,2s Per Gent, was occa.
stoned by repairs to engine houses and
locomotives; and the increase .iG the
cost Of maiutenanceo Of way, s., ,29S 43, or
1894 per cont, was caused by additional
repairs to the road he'd, and especially
tho rebuilding Of tho a6utments to the
Wellsburg bridge over Buffalo creek.
The aggregate net earnings from all
sonrGeD in the year 1880 as compared
with the net earnings OF the year 1883,
shows an increase OF SS,0l4 s., or II .OG
per cent. The net earnings OF 1850
were sS0,4G9 20, while the pot earnings
in lsss were s7i,Sal g.
stTl,e 7 nn,la NJ t,,c alidnirht Snnn