The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1914-03-10
OF
PROPER Y MADE
By the Baltimore and Ohio SyS.
tenn to Comply with the
Federal Law.


timore and Ohio system has com
pleted its organization for cooper
ating with the government in placing
a valuation on It's property and factl-
tiles, as prescribed by Law delegattng
this work to the Interstate Com
merce Commission
The board consists Of an advisory
committee having general supervis-
ion over valuation matters and val
uation cc1lmittee that Will prepare
assembled reports, statistics Of costs
and other data. for the commission.
The advisory committee consists
of George VI Sariyer, second vice
president: Hugh L. Ford, Jr., gen
eral counsel, and Francis Lee Stu
art, oh eff engineer. In valuing the
property Of the Cincinnati, Hamilton
aud Dayton railway Baltimore
and Ohio Iine-Morrison r. Waite,
of Cincinnati, general solicitor Of
that company, will serve on the adj
sorry committee with Messrs. Shri-
yer and Stuart.
The valuation committee is II. X.
! Talcctt, engineer Of surveys, chair
man; j. l.. McCubbin. Jr., real estate
agent; jerks j.. Ekin, general ac-+
4 countant, secretary. This commit
! tee Will have Jurisdiction oyer the
! work on all lines of the system
T. AS valuation engineer, Mr.. jenkins
starts upon a task which will take
probably several years to complete.
HE viii prepare the engineering re-
/ ports for the government on the
I or ginal cost of building the Baltt-
more and Ohio and it's subsidiary
] lines, the estimated cost of repro
ducing these properties new and for
i repro duction of the properties, less
depreciation. a corps of engineers
will work under Mr. Jenkins's d.
rection N this work
In furnishing the government the
Baltimore and Ohio valuation figures
it will be necessary to make a care
full search to authenticate early rec
ords or facilities, showing the money
which was spent in original con-
struct.on and in improving the lines,
building extra tracks, enlarging
terminals and facilities, as we'll as
the cost OF right of way and other
property used for railroad purposes.
Property owned. by the Bait more
and Ohio lines, but not used Tor
Transformation service, will be listed
Mr.. jenkins regards the Baltimore
and oh d lines as antique with respect
to arriving at a figure of their valu-
alton, las it will tbe difficult to obtain
some of the information, because
many of the records were destroyed
tby the Baltimore fire; and further,
because there have been so many
changes in facilities since the or, &
maj road was constructed that the
entire property has been renewed in
the. eighty-s'X years it has been IN
existence. Under the program of re
Mobilization, 4 some SECTIONS of the
property have been rebuilt. three or
4 four times. and when the demands
tof HSffic for facilities of greater caI
.tpacitw We're met the tracks and
bridges which had beeaF REPLACED
i IN compiling the figures for the
tcommission, the valuation engineer
i VIII be required to list tonnage oil
rails used neach mile OF the system
as originally laid and heavier rails
put in the tracks since, also the
number OF crossties laid and re
newed The reports will describe
likewise the early station buildings
and other structures, as we'll as re-
placing structures and explain why
it was necessary To make renewals.
Each article owned 10y the railroad
will have us value reported to the
commission, all equipment, ma
ichinery, tools and safety appliances
including the planning lathes and
siedge hammers in the repair shops
lanterns used by trainmen, picks
men. coal buckets, stoves and I'm,
LreIla racks in passenger stations
Is gn posts, whistle signs and[eyer!
. continuance used in the many
branches of the service
! Equipment now in use by the Bal
timore and Ohio lines viii have g
fixed value upon it and the details
of its cost and charges for deprecia-
tion VIII be set forth
4 Property owned by the company
but used for other than transporta-
tion will be reported -under sepa-
rate heading The financial history
OF the company and its subsidiari
will be embraced in the report. Gov
ering the details with respect to the
issuance OF stocks, bonds and other
securities under the articles of incor-
poration and subsequently
/ 1t IS estimated that the final report
OF the Baltimore and Ohio lines to
the commission viii consist of 1000
or 5 900 documents, including maps,
f, profilea, drawings, plans, estimated
and tabulations-
The valuation board has begun its
/ examinations and the work is being
allotted to the members Of the com
mittees to, pursue with the officers
! Throughout the territory