The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-02-03
SIX PRESIDENTS
. NOW IN RICHMOND.
All the Heads of Virginia Rail-
roads Appeared Yesterday
Before Legislature.
CHESAPEAKE AND OHIO BONDS
Kuhn, Loeb & Co. Buy -Four Mil
lion 4 Per Cent. Of the Big
Sandy Branch.

The following prominent officials were
i'll Richmond on yesterday and appeared
before a committee from the Legislature
I'm opposing certain measures that are be-
fore that body:
President samuel Spencer, of the
Southern.
President +. NJ Emerson. Of the Allan
tic Coast Line.
President l.. IL. Johnson. of tho Nor
folk and Western.
Presiden, } II. Barr OF the seaboard
AIR Line.
Presiden, ". Josiah Leake. OF the
Richmond Fredericksburg and Potomac
and Washington Southern.
President George w. Stevens, OF tho
Chesapeake and Ohio.
General Passenger Agent W. u. Beyllv.
of tho Norfolk and Western
Passenger Traffic Manager w. j. Craig,
or the Atlantic Coast Line.
Freight Tratsic Manager r. a. Brand.
The Norfolk and western Railway
Company has issued, through Mr.. Jo-
seph w. Coke, COMPTROLLER. tho follow
ing statement OF earnings and expenses
for the month OF December:
Miles operated-is6. 1895: increase, -.
Earnings-i9o passenger. mail and eS-
press, SD, ss3f5 increase, So. l327s: 10 per
cent. Freight. 1866. si,el7,97Ise; Increase,
S39, AZ; IA per cent. Total earnings,
1895. s2,27i,eii.ii; Increase. s2sl, 6372o; il per
cent.
Operating expehses-Iso5. maintenance
crease. s2S,sase1. Maintenance Of equip.
1nent, s3d.eN. 10; Increase, $50. S.Ots Con-
Quoting transportation. ssSg,s1.27; In
crease. s79,!S2e5. General expenses. 49,
D09iS; increase. 80 6D.33. Total expenses
81 1913 ,ila.aO: increase. sat.sI..50: per cent.
Net earntngs--i9nJ. Sgsj, So. ii; Increase
SiSI ,2G2Io: q per cent. Deduct hxsIi'
charges and taxes, ssios,9 increase, So
Slo3, 1895. Proportion of expenses to
sross earnings. 80 per cent.
For six months, July LIST to Decctn-
Average miles operated, 1906. 1885, IN
crease g..
Earnings. 1895 passenger, mail and eS-
press s2,las,s4i.75: increase. E225,Sl7.ls; IL
per cent Freight, sil,GS7. os2. 90; Increase.
8 ST, 1000; 10 per cent. Total earnings.
sl3,ssS,@7.7l; increase, s. To-, $3.50; IS per
cent.
op ssS na n N en-
crease, 30s,93s so. Maintenance of equip
ment. sa,e0.s74.ss; increase, $364.7ff.Is.
Conducting Transportation. s4M2-S50gI;
sss4ss.7aj; Increase. $500. To,a iAe ex.
penses, 's,SOe, 55o.5i; increase, s,2ao,43l.s3;
is per cent.
Net earnings-1eo5. s5.5si,32Tl1; increas..,
4 H.. j
charges and taxes. !s,Gs.a.s.s8; IncreaA,.
s5s.as7.$s. Proportion i, a'' Of expenses 10
gross earnings, GO per cent.
The chesapeake ana Ohio Railway Com
pany has sold to Kuhn. Loeb co.
81, 100000 first mortgage per cent. guar
nnteed bonds of the Big Sandy Railway
piled in redemption of the notes of the
Chesapeake and Ohio Railway Company.
which mature on April 4. 1906.
A Philadelphia dispatch says that part
~ because of the slackness of the an-
thracite trade, the Reading Is retrencli-
ing expenses. It has reduced the hours
OF work of section hands on ~ number OF
fifty-hour pei. week basis. a hfty-four-
hour week basis had been In operation
for two weeks. and the. previous I.9l basis
was sixty hours. Tho o., open winter mas
and less work on the lines.
Third yice-President Rea. of the Penn.
sylvanin Railroad. Company, conferJred
lin Washington yesterday with officials OF
the Baltimore 4 Ohio, the Southern, the
Atlantic Coast Line. the Richmond Fred
ericksbnrg and an, !, po ,,gn, and the Sea.
new 5000, 900 terminal yards recently
built between Washington and Aexan-
dria, and which Will be used by the
roads mentioned, MUCH interest. uttacD.5 3,
ed to the con ference as it was beloved
that the Gillespie resolution directed
against the PENNSYLVANIA Railroad was
under discussion. Mr. Rea, however, de-
MED that this matter had been brought
up and stated that the conference WAS
solely In regard to the terminal property.
The new yards will provide for all trans
shipments now made ut Washington or
Alexandria and will greatly facilitate
freight handling between the North and
the South.
The HoOuse Railroad Committee Of the
Ohio Legislature has decided to report in
favor OF the two-cent railroad fare bill
The bill has passed the Senate.
A Colorado and Southern Railway en-
Slneering party will start out carly this
month for tho purpose of surveying II
rev line of railroad from Grin ,Iunctlor
to Sheridan, Wyo., to form an extension
OF the Colorado and Southern, Tho new
road will connect with Che Burlington al,
Sheridan, giving Denver u direct line
10 Northern Wyoming and Montana,
The Times dispatch on yesterday print.
cd a statement OF thenstounding advance
made within tho past ten years by tho
American railroads, An eminent authority
states that within the Same period tile
railroads Of Great Britain hnvo depre-
cinted In value 20 per cent.
IMPORTED HEER ON 5pRAL0 CHIT
AT RyEa AS.