New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-04-21
DIVIDENDS RESUMED BY THE b. AND o.
PRESIDENT MAYER's STATEMENT TO THE DIREC
TORS-MILIIONs TO BE SPENT IN
BETTERMENTS

TORS-MILLIONS TO BE SPENT IN
BETTERMENTS.
Baltimore April 90 (Spcclal)-President Mayer, OF
the Baltimore and Ohio Railroad Company, looked
happy to-day he announced TO the board OF directors
mt the monthly meeting that dividends had been re-
sumed and the smile his face reflected the salts
faction he felt ut the OF his policy he having
in few years brought this great corporation out OF
II, financial difficulties and placed 1t on stronger
footing than it ever had under the Garrett manage
mcnt.
In n statement 10 the directors, President Mayer
said alt announced in January last that the
company with the view OF meeting the requirements
OF the Interstate Commerce law, Intended to make It's
ascaI gear end June 30 instead of September 30.
As the last report Of the company covered the fscal
year ending September 80. 1891, the next report Of
the company Will be for the nine months ending June
30 1892, and thereafter the companys annual reports
will be for the twelve months ending June
30, and submitted rs heretofore at the annual meet
ing Of the stockholders in November. The dividend
OF Ii per cent declared to-day the common
stock for the quarter ended December 81 1-01, en-
ables the company, In respect to its dividends 10
conform to the fiscal year. The dividends on
tne common stock OF the company will be declared
and paid hereafter the same heretofore. namely
declared in October and paid In November on the
business for the six months ending June 30; and
declared In April and paid in Mny, the business
for the six months ending December 81
Resolution, then adopted declaring dividend
Of ) per cent on the stock o. the Washington branch
railroad for tho fyear ended March 81 payable on
and after May >; and dividend Of IA per cent on
the stock OF the main stem for the three months
ended December 81. payable on and after May l..
All discharged stock must be- presented for registration
In Baltimore or NewYork before p. IN. Oh April 26,
1902
The financial secretary reported that during March
the earning, OF the entire Systcm S2O26.l 1853 81
increase $751; 0s2 o.; expenses, S1.520,55o o.; In
crease SlC0.027 10; net decrease. Sl7 .0f4 10.
The earnings ard expenses for the six months Of
the fiscal year IsO1'92. compared with the same
months Of the previous fiscal year. were rs follows:
on the lines east OF the Ohio Rivcr-Earnngs. S949o
0l6 - Increase. s533603 30 expenses. S67j6,l62 49,
Increase 1922 .2s2 90 net decrease, $1sS,5e0. ON
the lines west Of the ohio Rvcr-Earnings 1916
sG4 50; increase Si0t.175 50; expenses, S2G0i,-
sos 10; Increase $2sd3I0 -: net Increase. $l16.-
eGs 2l The summary II the entire system east and
west OF tho ohio River shows SI2.Gf5.SsO -; in
crease, s937 -72 Oj. expenses. 1890 $50 40; in
crease. 81 .OOJ.jg2 II: net Increase. $71,7.O -.
While there has been steady Increase in the
earnings during tho last year. there has been still
greater Increase in expenses, In consequence OF the
heavy expenditures for bctterments. During the next
six months several million dollars more Will be spent
In improving tracks and grades on the western
division, In anticipation Of the Increased Worlds Fair
traffic.