The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-10-25
IC. { 0. FREIGHT RATE
is LOWEST IN WORLD
Out In Report to Stockholders
at Annual Meeting.
ALL DIRECTORS REELECTED
Money Has Been Made During Year
Report Shows-Indications Are
Dividends VIII BE Resumed When
Directors Meet In New York.

!
represented, a splendid report as to
tho condition of the company and of
its business and indications that the
declarations OF dividends may be re-
sumed in the near future. possibly at
the next meeting of the directors. the
annual meeting Of the Chesapeake and
tOhio Railway stockholders held here
yesterday was a most optimistic one.
All members of the board of direc-
tors, which IL chosen annually for a
one-year term. were reelected as fol-
lows:
Frank rrumbull. chairman. New
York; Decatur Axteli. James H.
Dooley and George w. Stevens, Rich
mond Frank H Davis. Charles e.
Graham. Henry E. Huntington and
! Theodore p. shonts, New York;
Frederick H. Rawson. Chicago.
They will meet for their organiza-
ton session in New York on Novem-
Der 16
The thirty eighth annual report OF
the Chesapeake and Ohio Railway
Company for the fiscal year ended
juno 80, 1915, contains some inter-
which 10 that this company has the
lowest freight rate per ton per mile
in the world. That rate in the year
ended June 80 last was $50 mills: in
other words. on the average a ton OF
| freight was carried more than -
miles for the price of two-cent
stamp or nearly two more miles than
on all the other Eastern trunk lines.
with possibly. one exception. The av-
erage freight rate per ton per mile
decreased from S.s4 mills in 1915 to
$50 mills In 1916, or per cent.
High Operating Efficiency.
! Of po lyra 70
Age Gazette, II is stated that the
| Chesa peake and Ohio also enjoys the
unique distinction OF being the only
railway In the United States operat-
ing more than two thousand miles OF
road which has an average train load
of NOR than one thousand tons. Dur
ing the last year the average revenue
train load was 1908 tons. This is
taken to be an indication OF high OPP
Grating efficiency
The total tonnage Of all freight car
ried in 1915 was s7.s30.00o, an in
crease over 1918 of 1871, 600 tons. or
2s.2 per cent. Coal and coke carried
in 1915 was 2s.ssoooo tons as COM
pared with 2i32so0O tons in 1915.
showing an increase of 26.5 per cent
! in this Important branch of the Ches-
apeake and Ohio's business. which
comprises more than II per cent OF
/ its total freight tonnage. Approx
dr. ,o in.raasaa Underwater .hinmants
,ar.a cr,ior re -,-h,oh mn. ,or ex.
| nor, ars hn,ter nnrnoses M, tha
rema,ndar = iattr,huta HE ,o tho in
creased indus.rts, activities Within the
! United States.
Tho f,srsl year wara sas asa 600 an
| Irrresae ~ ssTT5 400 nv % "a nar
can+ o~sr 1a,s of mic amount saa
! 0snoon was e,rrad from freight
TRANSFORMATION. an Increase Of .4.spe
zen. and 60 lao 600 from messenger.
r,sf, axnress s,s r,;scal,areous rnak'
fnp total ~ san $40 600 passenger
tre frc nronar earned sgaas 600 he
~ a., ,pcreass If saos 200 over 1e15
mr. IA ner cent
Expsnses and Incomes increase.
/ GENERATING exnen.es were ssI $50 Z
oeo az innrease Of saess ooo or * as
/ nar can't o,,sr 1a.s Nat nnarat,ro
r.yerna Was s1s45n ono on .increa 20
~ .a54p ooo raves were q, 5S- 900
an ,rcraase ~ s2ssooo ar 17sa ner
ca,t Allowing Tor r,,sca,la,eor. IN
come rentals and other nayments the
Ircore for the yaar available FOR
! intarest was s1so5s 600 interest
amonntaa N ss17s 0oo e,eaxtng the
No, INCOME for tho vear sss-a ooo
an Increase Of s41afs. oee over the
preceding wear
Tbe amount or return n tho rail-
wov con,nan,, from transnoT,ation on
erstons MON u. Investment IN roa A
ana so,,,nrnen, at the terminatior Of
| The ,t.raI vsar IL shown m he k7e mar
cent and ths YEARLY ayerara for five
esca, go -s ended iure 40 1a1s Vas
40 ,sr rert
| 1,,ar. wara so4,se na.saroar.
20 rr,sd az ;ncre,ss ~ 4 a 49, nsnt
Tho nuuhar ~ M ssarger. =. rr,sa ona
~. ass ssa IS. incraa.. o ~
- nar con. Tha ayar.ya ra,,a,,,a
r.r nasx.ngar nar via mo. 90
rsr,s
Thar. .ar. .. ooo ton. =, .u.
uxaa IN rar.wa, y, ay,.tirr r,.ir
trscL. =, -h,cn oss 80 go 80
,,snn,,na rau 'S
Thar. go. -e.,, a
~ rs;r.a,n;nr 80. 1'e"
:" Urt..s..o,,s ~ rsr.s
v.r,,,. &C. .S..ns;oa =. ~.
c,asanaaL an. oh;o.s tra.,, ne
800 III. 49,. ~ ss,,n...
An an,sr..n, :, ~" c,u,a,, "a pi.h
n ~
- - c'.,.sns.. Weua, -.
Cr.sL pr.r.h p..ar 60, rn-L
800