New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-02-13
Fnr fNffTFF IdTfI'HIoIN y" TT -
..NEsSRS. Ii. u. HOIII\> a CO.,
NEW YORK CITY.


IN rsplv 10 your inquiry ! would state that the Ba-
more Chesapeake and Atlantic Rwy Co Is consolidation
made September Is 1894 Of the Baltimore ana Eastern
Shore r. r. Co organized In 1850 the Maryland steam
boat Co organized in 1890 the Eastern shore Steamboat
CO organized in 1900 ana Choptank Steamboat Co.
organized in is>3l.
T,e Railroad extends from Claiborne Nd the Ches-
apeaks Bay. TO ocean C..y Nd passing mfoush '"e
,s,,s copntie O. Talbot Caroline Dorchester Wicomice
AID Worcester The Railroad consists Of - miles main
track not including siding. AMI switches lsd Win ~"
steel rails 1891 and well equipped with roins soS
terminals stations etc all ~ when are covered oS me
mortgage
-na counsnv owns fifteen steamboats,. and also con-
r,e4 system Of wharyes including the very valuable
South stree, Wharf. Bsltmor. and extensive properties
AZ Cambridge. Salisbury. PocomoNe City snow HI. o'A"
co.k etc all Of which are covered BY tho mortgage.
Tn. --elgnts :, Baltimore consist 81 gram ii''Ts
,a-,As fruits % various kinds fish oysters stock e7a
farm products Of all and from Baltimore 81 sena.
merchandise inciuiing fertilizers agricultural "le"ss
ana all IN. miscellaneous necessities OF farming CON-
munity. -.
OCEAN CITY the eastern n the railroad Is me
na,urat watering for the residents Of Washington
and Baitirere the travel 20 that point - constantly
increasing factor IN the business q the company
Messrs Barrow Wade. Guthrie Co examined ne
hooks o. the rsoldated companies for several years
PRIOR 70 the consolidation and reported that the net earn
,nes averaged per snnum sl23 TIE net earnings
,o The YEAR ending 3ls; 1885 were tl5o4elO'
we're considerably reduced owing the unusual failure ~
som. Of the principal crops Of the country serves ana
also because large part Of these seasons prices o
produce 20 the genera! depression a.
10 leave no margin shipper above The cost Of pack
ages freights and commissions the Consequence being
that the crops we're in many instances. LEFT upon tn.
ground
However the net earnings for the fiscal year
ending August 3is 1896. were. sss5'' lo
and for the year ending August 3ist 1891 were -" p
~ mora than 4Oc and $40 respectively over iis hNec
charges o, s62 500 per snnum
Tn. ne, earnings for months Of the present
nscal august Slsi 70 December "Ist' i'' were
seq 2se
The company has floating debt
The mortgage provides that at least $4,000 shall - SCI
aside or expended yearly the properties IN add
onal equipment betterments maintenance ETC The FOL
louing amounts have been expended:
IN the year ending August 3s' 1898 ~
IN IN. wear ending August 3lst. lse5.... S2loo 80
N the wear ending August 3ist lsa1..... $3.50 90
The mortgage which AL the property OF the com
many req, and personal owned or which may here
49, he acquired was drawn by and the bonds issued
under the supervision OF Chas. c. Besnan Esq. %
Messrs Evsrs Choste Beaman Of New York ciy'
and y. p Bond Esl.. Of Messrs MoFreon Mu'nNhuy-
sen Bond Of Baltimore. Nd
The o~cers and directors OF ne company are
DIRECTORS.
rOHS Z sEARI.I,S YORK
ROBERT b. DIXON........-........'.'. f-as'on' Mo
WILBUR y .bal'm'ie MO
WINTHROP NJ FUTILE. New YORK
SAMUEL BANCROFT Jr.........'..'.." wilmington Del
NICHOLAS = BOND................ iiInore A1.
HON ). UPsHUR DENNIS. .bAno'e Ma
II =. SCOTT. v I""H"' ~
Iouvs WILSON Observation-Disclosures. Baltimore, Nd.
WILLARD THOMSON .ifi.iino'e Nd
CARROLL s. TYSON. Phlladepha Fn'
WALTER - MILLER SALISBURY No.
EIIHU f. JACKSON Salisbury Nd
CHAIRMAN.
president.