New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-19
r AND O.'S NEW POLICY.
INTERESTS OUTSIDE OF MARYLAND AID
MITTED TO THE DIRECTORY.
WORK AND LONDON BANKERS ELECTED
MEMBERS OF THE BoARD-rHE

,....y.YORH AND LONDON BANKERS ELECTED
MEMBERS OF THE BoARD-THE
ANNUAL REPORT.
,.,,,r,ore Nov lS-The Baltimore and Ohio Rail-
a Company to-day made a departure from the
,,.v Of limiting the directory TO the controlling
.oresis Of he company within Maryland by CIV
. recognition to large outside interests Four di-
.o,,,rs representing the London and New-Nork
,,isrs OF the stock elected by the stockhold-
- At their sixty-ninth annual meeting. These
.,,ses will bring into direct utilization with the
.'~,n,nv four influential financial concerns whose
.o,rces are extensive. In recent years the out
AZ interests in The Baltimore and Ohio Company
We increased their holdings of stock to the extent
- come Sl0O0OO0 These investors have for some
,oe shown a disposition TO obtain personal repre-
n,st,on in the directory and to-days action was a
,oncession to them.
r,o new members OF the Board General Louis
r,,zcerald president Of the Mercantile Trust Com
Inv New-York: Eugene Delano. of Brown Bros
&C. London and New-York: William A. Read, OF
vs-r,fv. & Co. New-York and Rowland Davis OF
plske Bolssevan & Co. London. The other mem
hers o. The directory reelected are William r.
,,rrns William II. Blackford. William +. Frick
Maurice Gregg. George c. jenkins, Aubrey fearre'
Alexander Shaw and George \. Won LinSen'
TIE annual report for the year ended June So
,.s, submitted TO the stockholders to-day shows
,,at earnings O. e2Sl7,ls2. an Increase over the
,~svous YEAR OF ssl45l9 The net earnings from the
oooration Of the property Sols'lSs Adding In
come from other OF Sl521595 and deduI'hS
g., 400 the net earnings of the Washington brahch.
mere Is left available income to the amount OF
& sa 29, or $3.50 500 less than last year. When from
AVAILABLE income S.7je643 Is deducted Tor hNe1
"bsrges and $4,000 for dividends on preferred anu
cnn,mon stock there is a remainder OF S4o9osl out
~ which car trust and other charges We're met 10
tbs amount OF x70.l64. leaving a balance IN ,he
.reasury OF s6395l7. comparison OF the Twelve
months ended June 20, 1925. with the year ended
lime 80 1894. shows Increase In net earnings OF
~ l6, or lO7 per cent; increase IN earnings from
freight 81 C745s6 1903 per cent decrease In earn
cgs from passengers. A,SSlsSl, or 2lis per cent
nSrease in tons moved 27232+ or 2Se per cent; de-
crease in passengers carried, lAs.S0. or li'4 per
cent ,. T., o..o,oor
revenue is because the greater part OF the latee
sarnlnCs from the Worlds Fair Uave! accrued 70
the eorme- year. The demoralizatlon in freight
rates Is commented and deplored. The aSSre-
rate expenditures for construction ana oettermehls
Tor he twelve months were sdl.SS decrease OF
sSp ~ as compared with the previous tWeVe
months For maintenance OF way and structures
e 80 2S2 expended. and for maintenance Oh
"a .soflent 50 092.716. These expenditures were
CHARGED TO operating expenses. The roadped OF the
entre system is reported to have never heretofore
been In the superior condition In which 1t Is at pres
ent The proposed agreement OF the Joint Iraihc As
social on is alluded to by President Mayer IN faVora-
HE terms. He believes he agreemen, Would mate
RALLY aid the restoration and maintenance OF rates