The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-10-04
&, 80. ROAD ENJOYED
FAIRLY GOOD YEAR
ANNUAL REPORT OF THE ROAD Is
SUBMITTED TO THE STOCK
HOLDERS
CHICAGO LIN E P AID
GENERAL DECREASE IN NET oPER-
ATTNG REvENUE-PAssEN
TRAFFIC INCREASED AND
FREIGHT DECREASED
CHICAGO LINE PAID

The thirty-nfth annual report of the
board of directors OF the Chesapeake
and Ohio railway for the fiscal yea.
ending June 30th has been submitted
to the stockholders.
The report shows that the averages
mileage operated by the company dur
Ing the year was 2.319 miles, an In
! crease over the previous year Of 55.a
miles. The operation of the Chicago
line II included in this report. cts
operating revenues" says the report
Il was ~ per cent over last year, and
IN spite OF the extraordinary expendi-
lures made necessary by the food. its
expenses decreased per cent. and
411S.664.27 was earned towards inter
ont charges on it's bonded debit
After giving in exhaustive detail an
account of the bonded indebtedness and
otheF finances of the road. the report
goes on to show that the company now
owns b36 locomotives and leases 275
owns Sill passenger cars and leases 20;
owns 21.s56 freight cars and leases
22,o55.
Passenger Traffic Increased.
There were b.S5944T passengers
hauled during the year. an increase OF
81 per cent. The total tonnage of
freight hauled was 35,IT424I, a de-
crease OF 81 per cent
The report continues:
Increased wages affecting all
branches OF the service were effective
during the entire fiscal year. except
the award to the conductors and train
men, which became effective Septem-
Der 1. 1912, and the clerical forces,
advanced February j. 1918. The addi-
tiona1 cost to the company by reason
of these wage Increases during the
m
Increased taxes imposed, particularly
in Kentucky, necessitated an additional
accrual OF s3si,d42.es as compared with
the previous fiscal year.
Unprecedented foods in the James
river and Ohio valleys during the last
week In Masch seriously affected the
gross and net earnings, and while your
lines were open for operation within
ten days. your principal connections
were unable to interchange traffic in
any considerable volume during the
entire month of April and are still
restricted In their operations The
amounts charged to operating expenses
on account of food damages aggre-
gate. to June seth. sS25,27320,
There were severe and prolonged
strikes by the coal miners In certain
sections of West Virginia adjoining the
ffHes OF your company, materially
ducing the output of the mines af-
fected
For reasons cited the revenues and
expenses and operating conditions ex-
perienced adverse results. as reflected
in the following table:
Earnings Compared.
Operating revenues: 1918. ss5os5,-
17s.72; 1919. ss+.zsa.sss.77.
Net operating revenue; 1918, $i0,-
e32.7is.0f. 1919. sIi,s54Iss.13.
Operating ratio: 1913. 6s,7 per cent:
1912. SEQ per cent.
Tons OF revenue freight carried one
mile: 1914. s6sss79.2s7, 1919, $3.50
1I44s7
Revenue train load. tons; 1919. asa;
1914. Tss
Revenue tons per loaded car: 1918.
1s.s: 1912. 3a3.
EXTENSIONS of the Cabin Creek, Coal
River and Guyandot Valley tRum
Creek) branches. aggregating 1875
miles have been completed The
piney River ard Paint Creek railroad.
sc miles. and the Price Htli division
OF the White Oak railway. % miles,
have heen leased Jointly by this conn
pany and the yirgintan railway and
are operated by your company. The
Wolf Creek branch of the White Oak
railway and the Bishop connection"
between the White Oak railway and
the vfrginian railway. miles, have
also been leased Jointly by your COM
pany and the xirginian railway and
are operated by the Virginian railway.
Trackage rights were secured by your
company over 10.l miles of the Virgin
ian railway and similar rights granted
the yirginian railway over lis miles
OF line on Raleigh and Southwestern
and Piney Creek branches"