The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1905-09-29

ways been At a great disadvantage.
IN point u is greiier distance aud
heavy grades. in composition with
such companies as the PsnnsyIvan-
IA Raiirnad and the New York Cn-
ir.d. aud only by introducing the
greatest ec-n1my and by operating
heavy uain ioads could il have sur
siged the depression which f5Ilowed
me panic u lsss. and which carried
ths Norfolk ana Western. ths Balu-
more and ono and the Erie railroad
into bankruptcy The high efficien-
~ 4 operation which was develop
d during that strenuous period has
been continued. and he stockholders
4 the Chesapelks and 0hi1 are nov
rsupiug The benefit. The Jverage
train load u the Chesapaake and
Ohio SO tous-ts surpassed only by
that Il fhe Pennsylvania Railroad
Company among an u its comp III
rOrs- Il exceeds hte irlin load Of
the Erie, the Norf,lk and Western
ina the Baliimqre and Ohio. Tb
eomnage. moreover. Is hardly fair
me b7ahse Il The hsayy Wysibaund
srainc % this road which The Ches-
sps3ke and Ohio does not enjoy
OF the s. fHilss * HFsaj-'. liaes re
frr5d t. IN the report q 1901 as
b ing under construction. all hut s
miles wess PIT IN operation dufinl
the year. The most important ex-
tension d the zapeake and Obi
Railway in recent years IS the Bis
sandy Railway. which is nov oom
pleild and in or ration a disianc
n o miles work on the Other
branches it lar advanced An import
ant division Of new construction :
ths addition Of 55 mil To Fecon,
track mleas which has just beeI
authorized by the direct - Dur
ing the year the Chesapeake On,
Ohio his acquired an implrtaut oon
Fnerti6n by purchasing through ii
terminal COMPANY The Cpyington an
I Innau Elevated Railroad IN
/ l-TIvrusier and Bridge Company-tb
apital stock Of the Cincinnati lnts-
! F-Siiual Raigrcad Company, orsauil
iei 4 transportation purposes Wit
in n cily of Cincinnati \ connes
lion is now under construction b.
tween the Bddse Complny's ,racR
and the Cincinnati. Hamilton an
dayton Railway Company. and al
i.tioual tracks are also being pr,
/ vidsi. This acquisition viii onlarG
the business Of the Chesapeake al
lOhio Railway, and VIII alsa faciliu
IS through traffic
/ Equipment has ben largely &
reased the past year by the add
ion Of i.pW box ears and 500 go
lola elss nadeg equipnl Mt trust O.
raft No increase in locomotive h
been made Daring the last ii
years equipment of the Chesapea
and oho Railway Company has be
increased by = loccmoiiyss ana
~ freight and miscellaneous. For
Oming year the directors have 1
thorized the addition Of 3 locjn
lives and 20g stssl gondola cars
These extensieus and improyeme
!, EiH Increase the earning power OF
! mad and are. therefore. prope
= aAid foT cut of the procosis Of
/, nsN capital. The equipment Of
j -he apeake and Ohio Railway c,
N mas. for some vars. been purchn
n 5y the issue q equipment trust :
t, inca,ss. iho annual insial,msr's
.l | ing paid for out u earniugs and Oh
I, "a to Nuuordinary eXpenses.
st OF branch LINES and SO
track has. hrwavsr. been paid
,y the sale q securities. During
past five years. the outstanding (
tai stock Of the company has b
OF increased s9.26l see, and the fun
i, iebt by ss.ois.Ooo. In 1894. Sieoo
D
g II Collateral trust notes were !,
,n a. which are still outstanding.
st squipmsnt obligations Of sfsie
- were created in the same year.
II which se.le5.ieo are still outsiandl
n Further additions to the capital
as ,oming year are contemplated for
b, new equipment and for the Cin'