The evening times. [volume] (Washington, D.C.) 1895-1902, 1897-11-15
REPORT OF THE B. & 0. ROAD.
Increase Shown in the Total Eek
penses and Earnings.

penses and Earnings.
| The seventy'first annual report of the
Baltimore and Ohio Railroad Company
submitted November 8 at the Getting o
the stockholders, shows gross earnings fol
the year ending June 3d. 1897, of $25,
| 5s2,1 22.31, an increase of 81 1877 ,34O.71
| over the previous year, and $2,7G4 ,a4O.07
more tan ib 1895. The freight earnings
We're $is,336, s51.s7, an increase of 81 :.
81 6, l 5000, which increase is ascribed t.
| in equipment afforded the patrons OF the
line by the receivers and TO general and
| intelligent effort TO increase the traffic of
the road. The passenger revenue was So,
059,c0l 80, a decrease of 1886 .s41.47, OF
S9,S01.G5 more than was earned in 1895.
The miscellaneous earnings iDcreas ed 1878,
749.1 ., of which increase the elevators con
tributed 1926, 1898, they having earned
$514,l25.11 in 1897 as against $751;
355.73 in ! s96.
The total expenses Of the line Were
500, OF 2, o93.Sl, an increase or S2,42S
613.i6. This increase is very frankly
explained by the staten ent OF the large
sums required in maintenance Of way and
maintenance OF equipment. The receivers
have replaced large numb er OF Old bridges
built many years ago, with modern steel
structures capa BILE of carrying he heaviest
trains IL was found absolutely necessary
TO arch large number of tunnels and TO
place in the track much more than he
al nm nf ~. Il
ties and ballast. As an illustration OF
nuch expenditures, it may be meni Toned
that the entire Washington branch was
relaid with steel rail, the ties largely re
ncwed, and a large amount OF store ballas,
pun in, the entire earnings OF this hranCl.
Ia wing been used t. put its roadwa IN rer
feet condition
In the report OF the gener II manager Is
found detailed statement Of these ex-
penditures. which were charged la main
tcnance of way. A portion Of the gen.
eral Increase was caused by The unusua!
expense for maintenance of equipment, the
receivers having placed in thorough repair
all Of the cars and engines OF the cumpany
which could ne profitahly put in condition
These expenditures amounted tC S5os,-
63S.03 mole than In 1 s96, and TO 81 49,
l2S IL More than in s95. The deficit for
the year was Sl,177 l20.I2, bat had 1t
not been for the increase in expenses Of
nlainte nance OF way and niaihten1nce OF
equipment the earnings would have been
more than sufficient to have paid the in
tere>t on the BOMBED Indebtedness OF the
read.
The aggregate expenses for couStrrc-
tioh and hettermentS for the twelve months
have been 81 sos 1850. an ncrea>e Of
81, CSC, 3G8.69, and this amount has been
charged 10 the different Investment ic
counts Ia which the expenditures appcr-
tanned. The trust fund derived froin :hs
s1i' of terminal mortga &c bonds, the .se
a. which l. restricted To making Ger tain
Improvements wa used substantially at
two f"dnts, nanely, Pittsburg GlenwcoI
terminal, and the shops, roundhouse. yar,!S,
etc. at Cumberland. The grades aul
alignment of the road between Baltimore
ani Cumberland have been much improves,
and a. a Consequence of this improvement
tl,v train loads on THESE divisions have been
Increased at least 80 per cent.
Al locust Point, new docks and two
berths FOR ocean Steamships have been con
>truct2d and an ell pier rearranged and the
officers OF the receivers estimate that the
cast VIII he saved IN single rear in the
reduced expense Of unloading incoming
vessels. Large expenditures have also
l.ceu made at Locust Point III Tearranging
tho yards and more than four times the
interest upon the cost is already sav ell I'm
the reduction of switc hing charges. 4
large numSeI of other hnpruvcIn euts have
been made, all Of which tended TO lessen
ing the cost Of operation and to facilitate
the handling OF traffic.
The report shows a radical rt',luC ion made
in the amount 10 the credit Of profit and
loss. special committee of tn. board
was appointed IN examine the assets OF
the company, aid revaine tha rolling
stock, stocks and honds, and certain OF her
assets. This committee made q radical
reduction in the value Of the rolling Stock,
stacks and hOnds and advances for con
struction 10 tie various subordinate lines
during the years past and certain OF her Is
sets of the company reducing the total to
the credit of profit and loss ~ abou,
S20,0hD, 900. The balance sheet ri rs
very clear and full statement Of the ~
sets and liabilities OF the company.
One Of tie features of the report is the
lhDlcSs Gl-u several are quite new Ont
shows the earnings aud expenses of all
divisions east AUD west of thu Ohio River,
and another gives an accurate list OF the
stocks ~ q bonds owned By the RaltimuTa
and Ohio Railroad Company on June 30.
s97, together with their value, which is
S13,i66.l $40. The report of the gen
eral maEHger shows that the tonnage car
RED including coal and coke. was s, 716,
Sos, an increase of s54 72S tons, OF -i.S
per cent. The tons carried one mile in
creased CSC, 1903 300, an increase of 23.
per cent
During TIE year 8 locomotives were re
hui, 445 received thorough repairs, ,}39
0; dnar- repairs were made. 81 .01 run
ninc repairs made. Ttn total cars in Serv.
&C June 20, s97. We're 672 passenger and
30. $50 freight. The locomotives number
SOB. The Car mileage Increased 55,5ID,-
46S. The total number Of passengers car
lid In 1887 was s,344,07S, a decrease
81 223,l16.