Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1919-04-02
v, B. "a. CO. HEAD
TALKS Of EARNINGS
Cornpany's Best Year Not Due
Alone To Camp Meade, He
Says And Explains
BAY FERRY WILL HELP

II
That the traffic to Camp Meade from
lneighboring cities was not the only
cause of the greatest year iii the his
tory Of tho Washington. Baltimore and
Annapolis Electric Railroad company,
was the statement made ly President
George n Bishop OF that road He did
not minimize the earnings from this
source, but was emphatic Ia his state
lment that It was not the only reason
for the unprecedented prosperity Of
the line,
President Bishop said further that
any loss which might occur ~ the
lessening Of the Camp Meade traffic
should te made UP BY additional traf
fic To Annapolis on account of the Lag
ferry. However, ne called attention 20
the fact that Camp Meade Is likely to-
II e maintained permanently u the gov
eFnment. and business with II would
continue,
AS matter Of fact, he said. the.
total earnings of 1.-THE company last
year were approximately s3,009.00O
We will assume that 81 900 900 Of this
came from Camp Meade traffic. Yet III
lis q fact that without this husines
Iand with j gross of $2,000.o00 the com
pany would still re able To maintain
It's present dividends. The reason for
Eth ii IA that the profits received from
Camp Meade have Teen returned al
most wholly To the government III the
way OF excess profits taxes and there
fore have not injured To tie benefit of
the stockholders at ali. Therefore. II
this business is eliminated. ii will
mean loss to the government and
not to the stockholders.
III the same connection Mr.. Bishop
said that the growth Of traffic etween
Baltimore and washington. including
the way traffic between these points,
has increased 1s5. per cent during the.
year The traffic on the Annapolis
line has also shown steady increase,
though hardly IN the same proper
ton.
lie stated that ii seemed likely the
government would maintain Camp
Meade as a permanent army post. Bas-
ing the size Of the standing army at
100000 men and dividing these Ie
tween the IA cantonments to | & made
permanent, II may mean that Camp
Meade always would have from 10000.
To $4,000 men on which the railway
constantly would draw
Mr.. Bishop told of the arrangement
between the company and the bay
ferry to be established When regu
lar schedules are fixed the Washing
ton, Baltimore and Annapolis Will es-
tai lisl special schedule to meet the
Loaf at the annapolis end General
Manager j. y. Doyle. Of the Washing
ton. Baltimore and Annapolis, had q
conference with Governor Harrington
on the proposition and an agreement
has been made By which this rail sers
Ice between Annapolis, Baltimore and
Washington will be ample.
This. the management of the WASH
ington, Baltimore and Annapolis
thinks. should increase its revenues
and will make up anything II may lose
from the falling on Of the travel to and
from Camp Meade.
But as D matter Of fact, said Presi-
dent Bishop. we feel that IL this camp
travel ID decreased II will enable US %.
use our equipment and our facilities
TO the letter advantage Of the public.
We viii not be under the same strin-
gent regulations which the govern
menf has required and which at times
has hampered the company IN meeting
satisfactorily The ordinary growth Of
Its business
Naval Academy Labor Notes