Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-11-30
CHESAPEAKE AND OHIO
SELLS MORTGAGE BONDS
Proceeds Go Toward Construction
Cost OF Line From Portsmouth,
Ohio, NOrthwartl.
FORMS IMPORTANT CONNECTION
committee on Trespassing Files Sta
tistfcal Report, Showing That OS
Persons We're Killed and 23I In-
Jurcd in This State Last Year.


The ilrs,-morteagc ;hirty-ycmr :, per
cent bonds Of the Chesapeake and Ohio
->oTtcfn Hallway. subs idiary OF the
chesapeake and Ohio, to the extent
or Sl.ooOOo0 have been rcsold. The
proceeds Of the sale will go toward
construction costs of line from
portsmouth. q. north through that
state 10 Il connection with the Norfolk
ana western. The whole work. IL Is
estimated. Will cost sijOO.O0O. The
'hesapeakc ana Ohio Northern is the
corporate name OF the line the Chesa-
pcakc and Ohio Railway is building
70 make connection between it's main
line and the Hooking VALLEY road.
These bonds railroad issue
unique in several respects. Comply
ing with the terms of the mortgage.
me railway company has deposited with
tho trustee s1.o0O.0e0 cash. tho total
amount OF the mortgage. for protection
OF hondholdcrs. to be paid out by the
trustee to the company ut tho rate
or % cents on the dollar OF constitute
ton expenses AZ evidenced by proper
certificates. /, is believed that 40
other railroad in the country has a
bond issu" on so conservative "a basis
These bonds mature on October /.
1:4o, arc offered slightly below par
ana VIII yield about 80 per cent.
Statistics compiled By the committee
on the trespassing evil of the Associa
ton OF Railway Claim Agents. just
made public, show t.7i6 persons were
killed In this country during the ycar
1914 while trcspassinG or railroad
property and lo.1S" were Killed and in
jurcd. or those killed and injured
there were lO.22i men ana SCI women
OF which total there were 2Sl persons
hurt in the state OF Virginia. In this
stat" ninety eight persons were KILLED
outright during Tho year.
Commenting on the trcspa Ssinr OWL
THO committee
has indicated that tho enactment az
appropriate Legislation will not ma
i"rialiN rcduc" tho ir"spaSsiug. nor
VIII the enforcement Of such laws nc-
complish much toward tho cliruina
ton OF this evil without tho support
and assistauc. Of tn" public. 1t is
necessary that a campaign OF .duCa-
ton hc conducted" Tho committee
outlines such q campaign in it's report.
This evil was generally discussed In
this city last month ut q meeting Of
The central safety committee OF tho
chesapeake ana Ohio hallway. Of which
l.. W. Gric". general Superintendent Of
transportation. IS chairman Instruc-
lions were issued after this meeting
for the printing and distribution of a
rlacard that is 10 too hung I'm al! sta
lions ~ the road which reads rs fol-
Lows:
Don't risk your life to save a min
Last year in the United states there
Was killed AN average OF one tres
passer every riuciy-siX minutes
40 one can save YOU hut yourself.
''rr"spassiuc on railroad property is
forbidden because OF danger 10
YOU"
Along tho bottom OF the piacarA is
printed In large type. safety First"
Contracts have Jus, been 10; by the
Iialtinor" and Ohio Railway for tn"
construction Of its new coal pier at
curtis Bay Baltimore. which Will cost
approximately si.5cO.G0o Work ON tho
structure will he started at once. IL
being expected tina, tn" now improve
mcut will l." ready for oucration dur
ing tho season of 1916 The pier will
hay" capacity OF lN.0oO00o tons
Year and VIII Lee Tia" largest structure
81 it's kind ever planned.
The Southern Railway Yesterday re-
nortcd q gross revenue increase for
october "f $4,000. with a gain in
operating income Of s620,ooo
The report IL in ke"rinE with tho
favorable returns recently reported by
other leading systems for that period.