Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-06-04
AZ NEW COAL INDUSTRIES
LOCATED ALONG C. & 0.
Total of Ill New Industries
Are Placed Along System
During 1921.
PRESIDENTS ANNUAL uEron,
''"'en Hetween Gordonsyine md
'""n'"n, SiHty-One Miles. Under
automatic Trains ControI-stnte-
""nt of Financial Condition.

During the year 1921. for,v-,wo
ne" coai mines. twenty-five manu-
'd'tuF"rs OF farm implements and
iarm products. thirteen inanufac
turers OF lumber and lumber product,
ana th!rty-one manufacturers of
mineral metal and other products
were located along the Chesat,.ak.
ana Ohio Railway system. according
to the annual report or W. !. Hara.
han. president. which was issued YES
'erday covering the year ending Dec
cember 81. 1921.
81 Miles OF Automatic Central
Inc report also shows that the au-
tomato train control system Is be-
Ing installed between Charlottesville
and stanton. Va. and when com
pieted the road from GordonsviIlc 10
S'auht"n. distance OF about sixty
one miles. will! be "A continuous section
Of automatic train control.
Extension OF trackage on branch
lines. erection Of modern buildings.
including new power plant. n ten
Forge. and new depots at other lines
are told OF in the annual report. which
touches al length on the financial
features of the pas, year.
Financial Features.
The net Income OF the Chesapeak
and Ohio Railway Company, eauiya-
lent To G.ss per cent Of the capital
stock outstanding. amounted to a.
l32.S0l.ts, as compared with $3.50
'5S2i for 1920. a decrease Of sl.793.-
3osI2. or approximately 80 per cent.
Mr.. Harahan's summary or the re-
port showed that the operating reve-
nues Of 3S3.6s7,957s2 recorded a de-
crease from the preceding year OF
'e.502.7s72., and operating expenses
OF $4,000. 01G.sl was decrease OF
3l,il,iii.SI The ne, operating
revenue OF Sl5.Osissl.Il registered an
increase OF Si.63s.6J1 The total
gross income was sli.7Sl.sTsss. n
decrease OF 1l,319,o95s2. The c. and
o, last year declared 4 2 per cent di-
vIdend. payable asst January ,, which
amounted TO ;l.255,s32.
This fortyfourth annual report
further stated that the average mile
age operated during the year was
e.5i59 miles. an increase over the
previous year OF 2s.7 miles. The
mileage at the end OF the year was
2,j4S miles. an increase OF SIS miles
over the mileage recorded on Deem
her 81. 1920.
Passengers Carried.
In the course OF last year there
were T.o9o.G73 passengers carried. a
decrease OF 90 per cent. The num-
Der carried one mile was 33I.5l3.o00.
decrease Of 1917 per cent. Passen-
ger revenue was sll..39,627lO, n de-
crease OF per cent Passenger train
mileage totaled 5,2S4,065. an increase
OF I.9 per cent. The revenue coal and
coke tonnage was 24.O7i.45s, de-
crease Of is per cent; other freigh;
tonnage was 7.iis62s. a decrease of
35.4 per cent Total revenue tonnage
amounted TO 3i,is3,0SI. decrease OF
22.3 per cent. Freight revenue to-
tailed ;.367.9S2.75. a decrease OF Z
per cent. Freight train mileage was
s,3S2.2S4 miles. a decrease Of 1911
per cent.
In the next four years 1t is the in
tcntion OF the Chesapeake and Ohio
10 eXpcnd approximately $4,000, 900
on bettcrments and improvements,
according TO the rehabilitation pro-
gram outlined and approved. This
will provide for anticipated growth
and maximum volume of traffic.
Heavy orders for equipment already
have been placed and the company Is
cndeavoring to obtain satisfactory
bids on prospective additional or
ierS,