Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-08-16
.xxu.L REPORT OF THE C. & O..
NenrIy N Million Dollars PInced 10
Income Account.

| President ingalls, has just submitted
| the annual report of the Chesapeake ana
| Ohio Railway Company, and in 1t, In
| some respects, the best showing In the
| history of the company Is made the re-
| port shows the following for the nscal
| year ending June 80, 1893; ,.,,,,
! Gross earnings of S12,0O9,9l5; operating
| expenses, G per cent; net earnings
s., s32, I551i; surplus over the charges
| sol 1865; passenger earnings increase
4 Si6I, 1891.
The gross net earnings of the company
| for the year just ended are the largest
| in its history; the gross being sllgntly
in excess OF 100000 month, ana me
net for the year being almost yAgly,,u,yy,
| The freight earnings show a sllgnt ldliins
| off 0or reasons hereafter explained, anu
| the passenger earnings a large increase,
| due TO the Improvement in business ATOMS
| the line throughout the country generally;
| During the year the averase IONS tS5 5
| tons-a remarkably high average OWIns
| to this increase in train LOAD, the earnilss
| Of freight trains increased 10 N9i per
| mile run All expenditures Tor adnltiVis
| and betterments have been Included IN
| the operating expenses and yet the COM
psny cs.rries,, after all charges nave Deen
made OF every name a9d nature me cOnI,-
Portable balance of s'oe lSo.eS TO income
IL is ten years since the present man.
agement published its first report In re-
gard TO the chesapeake anu Oliio ibh
way At that time the company had just
acquired possession OF It's main line from
Fort Monroe 70 Cincinnati, including the
James River Division. II has since ac-
auired the line from Ashland 10 Lexine-
ton. and trackage rights into Louisville,
and also trackage rights from GofdohS-
vile TO Washington, with some branches
from various places along the llne, IN
creasing the mileage from 1888 miles 10
l44IS miles. The double track reported
at that time was g. miles; ii has now
increased TO 9S.2 miles. The sidings were
reported in that year 1923 miles, and are
now 49, miles. The equipment has in
creased from 2l1 locomotives to 355. from
139 passeIger-cars 70 2l2, and from 5000
freight-cars to 1902 The gross earnings
have increased from $4,000 70 Sl2O9,-
S3915: the net earnings from SlO23.OO 10
50. 1872 1914. In the same time the fixed
charges of the company have increased
from $4,000 to 50, lS3.9I25. The capital
stock. however, has been reduced from
81 100000 to S6O,536 400.
The physical condition of the property
to-day and ten years ago is beyond COM
pare. The train load of freight trains has
doubled The tonnage capacity OF the
tons 10 1920 tons. The 5O-pound, o.
pound and 62-pOund rails IN the main
track have been replaced by lj-pound and
l00-pound rails, and practically all Of the
bridges have been rebuilt. These COM
PARSONS could be followed out at length,
but enough has been given TO show the
great change that has taken place.
The Chesapeake and Ohio Railway
Company yesterday began condemnation
proceedings to obtain a right of way for
the viaduct through this city. The COM
missOners only viewed one piece Of pro-
perty: The parties, however. agreed with
out the commissioners making an award |
An official of the Chesapeake and Ohio |
stated Yesterday that there were only |
very few pieces of property 10 be Sc
awfNH .1..f.
right of way through the city. The work !
of obtaining the property has been going |
on for years.
There is n rumor TO the effect that the |
Atlantic-COast Line has leased the Geor- |
gia railroad. which connects Atlanta Ma |
con. and Augusta. The Louisville and |
Nashville has been leasing this road pay |
ing 10000 yearly for IT, The lease Of this |
road. if IL has been leased by the Coast |
Line. gives the latter line into Atlanta. |