The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-03-09


ing and passed a resolution prepared by
the Board of Directors authorizing the
increase of the stock of the company from
100000 to s6o,oOoO09
number of prominent financial lights
from New York, Baltimore and Whining
ton We're present. The meeting did not
consume quite fifteen minutes.
In this era of railroad prosperity, 1t is
with surprise and disappointment that
one notes a decrease in the. net results of
any reporting company. In nearly every
instance the railroads, in their monthly
| returns. are recording enormous increases
as compared with the same periods of
the previous year. The returns OF the
Chesapeake and Ohio Railway Company
have been fully In keeping with the rule
of. increase and there Is legitimate ex-
pectaton that this road will sustain It's
present rate of gain throughout the re-
mainder of the present fiscal year, as the
indications at present are most propitlous.
In the month of January last. for in
stance, the increase in the net earnings
was nearly $4,000, or about so per cent,
and for the seven months ended January
| 3lst, the increase in net was over II. 1Ul,oc,
| or over % per cent. With the continuance
of such phenomenal increases in the
earnings for the rest of the fiscal year,
the amount earned on the common stock
Of the company would be far In excess
of the figures for 1905, which were re-
ported at 4.5i per cent
The Chesapeake and Ohio's business
during the last seven months has been IN
such volume as to break all previous
records in the history of the company.
This greatly increased tonnage has been
handled In a most efficient manner by
reason of the company's complement OF
equipment. During the past five years
there has been marked increase In the
ct Of 10 SvSten
forth in the following table:
Locomotive equipment-June 80 1905,
.27; June 30, 1900, 375; increase, 81 Fer
cen: increase 1886.
Passenger car eauipment-June 49, 1905,
255; June 30. 1900 221; increase. 81. Per
cent. increase, 1888.
ment-June 80. 1906, 17263 June 80. 1890,
12.37l: increase, 1882. Per cent. increase,
1854.
Total equipment-June 80. 1902 1885;
June go 1900. 1885,; Increase. tsIs. Fer
cent. increase, $3.50.
The officials of the Seaboard Air Line
Railway, whose general office building
in Portsmouth, Va, was burned last we'd
nesday have secured temporary quarters
In different parts of Portsmouth, and
the work of Strengthening such records
as were saved is now well under Way.
Alfred w. Tousley. assistant to President
Barr. of the seaboard has engaged al
available space on three floors OF the
new National Bank Of Commerce build
ing, just completed. In Norfolk. This IS
taken in some quarters TO be the nrst
move toward bringing all the genera
Offices to that city.
General Passenger Agent Hooper, of the
Denver and Rio Grande, has issued
circular TO agents IN which ne announces Has. eas
struction work on the Western Pacific
Railway Company. and that employment
for a year and half or two years VIII
be guaranteed to all laborers VINO presen y.
at wages OF $500 and $2.2S per day.
large number OF carpenters. saw-mlll men
and loggers are wanted at wages from
$3.50 to 800 per day.
President Perham, of the Order OF Rail-
road Photographers Of the United states
and Canada, announces that unless the
wage scale submitted TO =, the otic a 90, o.
cepted BY to-day, l,2e5 telegraph operators
company, will be called out. Before q
strike Is called. however. committee OF
operators will make maj appear ~
President Spencer.
Central Of Georgia earnings: Fou TT,
9sEs as ses ssss5 From 5sy
s77S7' Isl; 1865, ss,sa650i Increase $500
New York Central and q. d. leased d. lin 8.
M ss, Ks9sssey 3 January ~
lst 1905. sla7t7 sa2;; 1905, sll4ss792i increase
r Re eTsnds s fs so wIss ss
S GREASE s. Trem Jg * 1906
Month mhle Fe fss 1905 sss5.s57; 1906, ss5s.
~: l' lncreass, sssss5 From January ]. 1906,