The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-09-24

10000 shares OF common stock and
100000 shares of preferred stock, but
that company. having received large
amount OF cash on account OF the sale
OF Its interest in certain other lines
applied 1t to the retirement OF its nre.
ferred stock. This retirement was nj
hrst enjoined on tho petition OF three
stockholders holding In the aggregate
only loo shares OF preferred stock.
which appears to have been acquired
by them few months before the de.
termination was made to retire tbn
preferred stock, and only ninety shares
OF common stock apparently acquired
after the retirement had commenced.
The proceedings for the retirement
were afterward decreed by the United
Stats Circuit Court to be valld and
lawful in every respect, the injunction
was dissolved, and your company
therefore owned on June 30. 1910, 49,
OILS shares of capital stock OF Tho
Hooking Valley Railway Company out
OF total of 10000 outstanding.
The total number OF shares OF The
kanawha and Michigan Railway Com
pany capital stock outstanding is co.
900, of which. as above Indicated your
company owned on June 30, 1910. 40
I'll shares. A similar amount is owned
by the Lake Shore and Michigan South.
ern Railway Company.
Taking Over New Road.
For payments on account of cost OF
the Chicago Line above mentioned. to-
Eether with payments made since the
close OF the fiscal year (all payments
TO date aggregating ss,220.ss403j, on
account of which your company has
received and now holds in It's treasury
xc frn. 81 Mt
pcake and Ohio Railway Company OF
Indiana, company organized on July
2. 1910. which acquired, from pur-
chasers at foreclosure sale. on July 5,
1910. the road formerly owned by the
Chicago. Cincinnati and LouisviIle
Railroad Company, operated by j. p
Goodrich, receiver. since February l3
1908. The results of operations OF tina.
line, the shortest between Cincinnati
and Chicago. are included. from July
/, 1910. with those of Tho Chesapeake
and Ohio Railway Company. AS
trunk line between the Atlantic sea-
board and Chicago. the Chesapeake and
| Ohio has taken a distinct forward step
The distance from tidcwater at New
port News to Chicago via Chesa peakc
and Ohio lines is $40 miles. comparing
/ favorably with the length OF lines OF
other system from tidewater at New
York to Chicago. ranging from sos TO
| sos miles.
The number OF miles operated by
| the three companies above mentioned
| is as follows
The Hooking Valley Railway Com
pany $50
The Kanawha and Michigan Rail-
way Company .................17 5.s
The Chesapeake and Ohio Railway
| Company OF Indiana. 2s46
| Your board considers this a conser-
| rative and much needed expansion OF
your company's interests. amply war
ranted by the extraordinary growth
during the past twenty years. as ex-
hlbited in the preceding section of this
report. and has great satisfaction In
the added belief that the Chesapeake
and Ohio VIII become more useful and
| prosperous. not only in building up
and fostering commerce between the
| States, but also locally within the
states of Ohio, Indiana and Illinois, re-
| spectiyely, as well as within the States
which 1t has heretofore served. In
| this connection reference is made to
the new map accompanying this report.
| by which 1t will be seen that the lines
| referred to reach Lake Erie and Lake
Michigan and the important cities OF
/ Columbus, Toledo and Chicago. as well
| as many other progressive communi-