Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-07-10
BIZ 3. 8 o. co. AGAINST TAB RELIEF
ASSOCIATION ENDED,
Ike and Ohio and Norhlk and Western
4 .--scss-O., L & ". Putting Down
New Rail-Gsneral Rail
road News.

be Maryland Court OF Appeal has
y decided the long pending suit Of
baltimore and Ohio Railroad Com
against the Baltimore aud Ohio
Dyes Relief Association; the de-
pf the Circuit Court Of Baltimore
affirmed In It's main features.
apal questions involved in the
3 as to what should be the fund
ibution among the members Of
ef Association at the time Of its
on and how those funds should
ibuted. The railroad company
hands belonging TO the Relief
ion SlS4,OOO. To these assetsit
tended there should be added
of 500, 600, with interest there
ch the railroad company had
10 contribute TO the Relief AsSO-
but had never paid In, and also
ns paid out Of the funds OF the
4 Association for its operating ex-
from October 1, 1854, 20 the
4 Of the dissolution OF the associa-
in March, 1859. Theraiiroad COM
y lad agreed TO pay ali Of the asso-
ian's operating expenses, but IL
q TO have been released from this
3ity after October /, 1854, by virtue
N agreement made with the COM
Of MANAGEMENT Of the associa-
whereby the road proposed TO con-
he SOS, 600 annually TO the pension
re Of the association ia cOnSidera-
OF il being released from
payment Of those operating
|nses. The court holds that
agreement, having never been
Inundated to the members OF the
eIation and being beyond the pow
u the committee of management
void, and held the railroad COM
responsible TO the fund for both
slOb, 600 agreed TO be contributed
the amounts paid for the operating
snses. The result Of the decision
make the entire fund for distribu-
~ Guiding interest, over $4,000.
the 2i,5OO members la good
AZ on March 81, 1889, 10000 as
'altheir share In the assets 20 the
road company for the benefit OF its
relief department, and their shares
decreed TO the railroad company 10
leld by it in trust for its relief de-
.ment.
he gross earnings Of the Chesapeake
Ohio for the eleven months ending
: 81 were $40, 234,242. Net earnings
the same time were S3,242, 355. The
; charges OF the company for the
Il year, Including interest on the
Sandy bonds, Craig Valley bonds,
n elevator bonds and interest Oh all
n direct and guaranteed bonds, are
l3.k56. The interest charge, there
FOR the entire year was earned in
months, leaving two mouths net
ngs for the stock. These earnings
ay were S2O1, 7S3. Assuming June
about the same amount, the fiscal
would show about S40O,0 600 earned
50. 600, 900 OF stock. The net earn
az the company will show an in
Be for the present fscal year Of
$500 600 20 $1,000, 600. The ratio
Bin in net earnings has been large
continuous since the present man
'hent took charge and belief pre-
that next year will show per
SOr over earned on the stock.
3 Norfolk and Western is making
lendid showing despite the fnan-
%rlngency which is paralyzing the
~. TIE net earnings for May
y Increase of over 100000 ia ex-
May, 1892, or IS per cent. The
'Osses incident 10 the operation
Mo extension through the fear
-ther OF January aud February
sd out, and an Increase Of seven
~. IN nes earnings is shown for
five months OF 1898 over the
iding months OF 1892. When
hgain resumes its normal shape
golk and Western will be one Of
lest roads In the country.
eveland. Lorain & Wheeling,
nenced the work of relaying its
from Lorain TO Bridgeport,
rails. The work is progress
dly on the upper portion Of the
road bed will be changed az
here II can be improved with
& expense, and some new
re reported 10 be under con-
}.
fillmore & Ohio voting trust
hree years ago expired July /.
was formed for the purpose
ping the present administra-
control OF the voting power
iOrity OF the stock. The trust
be Garrett holdings, amount
10000 shares, and other
IS.
tencer, formerly train dis
be b. & o. Southwestern at
O., is appointed train mas
IOnOngahela River road, with
Monongah. j. T. Partridge,
dent car service, having re-
Office has been abolished
ties OF same transferred to
In master.
sylvania aud West Virginia
5hlch is graded from Bed
5rODks' Mills, Blair county, Pa,
for the laying OF the track,
Sod by the Sheriff this week for
hoo. Tbs purchaser was Harry
'na. who represents claims amount
q several hundred thousand dol
NJ project Of building the Little
log Creek Railroad is still sleeping
by, but as soon as the present imam
tringency has passed the question
be thoroughly revived, and by
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