Year: 1865

Erle, ana ~, miles as compared with the New York


Central Road very clear that with uroper Ecitie


Ior Wlth the chespfuel for steamers and the
large demand lot imports, well the abundance
OF material Tor exports, that the entire region west


oi baltiini1,re. ana south of It's parallel can most
the city of Baltimore as their route for European
commerce. Gun


These advantages arc of course still ,nore s+rlino


IN connection with the business of Virginia the Car
9llnas, Tennessee. Kentucky and the Southwest


10 Illustrate the extent of the business now passing
from tnoSe regions over our line, there is now in
transit, OF the single article of cotton more than
3UOJ bales OF value of more than million of dol
lars; Tobacco, cereals, provisions, every class Of
product Tor export are being received at our mark
beyond the capacity of our marine for its prompt


The time has arrived, also, for arrangements to be
mnade 10 meet the great trade betwiXt Bremen and
Hamburg and Baltimore, and a line of first class
steamships is daily becoming more Indispensable for
tnls commerce. The emigration from Germany and
other portions of the continent of Europe will he
prGalglous, as the knowledge of the return of peace
ah9 harmony Is being spread among those peoples =
Information reaches US by every mail that the ten
deney Is for immense emigration, particularly to the
oOruer States ana the South.


. The Government; through its Bureau or Emigra-
ton looking with great interest upon this subject
ana urges that as Baltimore is the central line and
the most convenient and economical route that ar
rangements be made for the accommodation and ad-
yancement OF the interests of these invaluable ad-
duonS to our national strength. and which are now
essential to supply agricultural labor and restore the
pr3ductiyeness and wealth Of the South


1t is only necessary that the great ADVANTAGES of
Baltimore, the great strength of lis ncaon thnr.o
economy and advantages of its route TO meet tho rr
qWrements OF the people and the country and Of
emigration from Europe IN the changed condition Of
affairs, shall be understood to cause those essential
alds-nes of irst-class Steamships-to perfect COM
nqnlcatl9ns ana promote all the great interests in
VOWED Inc success OF such enterprises is no longer
problgmac. Such have been the tendencies Of trade
such the rapid reaction such the spirit OF co-opera
ton on the part of the Border and the Southern and
Western states in pointing to Baltimore as the great
entrepot OF their commerce. that lies with our
citizens of foresight and energy and capial To- move
vigorously forward, and III combination will H.,
capitalists OF England and Germany to form those
% nnes winch VIII not only be snromOtive Of the great


rlef nut promise rich trution to these who embark
IN the enterprise.


the lion Thomas Swami, takes his position as Gov
ernor OF Maryland. With his knowledge of the vast
changes that have rapidly taken place around us
and of the commercial advantages Of baltimore and
ol the necessity of perlectin9 all that IS required to
make tins city great commercial centre, we can
confidently rely upon his enlightened policy and ef-
forts to secure such improvements Of the channel and
harbor as will enable ships OF the largest capacity
mat SAL from New fork, to load and discharge at


The period has come when. the successes of war be-
ing past, those who can most vigorously lead forward
their respective States and communities in the paths
OF commercial energy and advancement can secure
the most glorious and enduring triumphs of peace
Under such remarkable circumstances has the period
not arrived when the State of Maryland and the city
of Baltimore and this organization, shall cordially
cooperate TO establish these great enterprises which
will so surely result in eectins magnificent destiny
for our people?


The Baltimore and Ohio Company has increased
its equipment to about three hundred loromotives
and four thousand cars Its capacity for business I
now beyond the ability of lines workingin
with IT. to dispose OF the vast quantities of freight it
brings to our city.


At this time more than seventy five trains daily, of
passengers and freight pass the main stem OF the
sion The power of the Company by its large addi-
tons of double track and increase OF facilities and
equipment with It's additional branches, will be


The direct outlets for thsvaSt accumulation of traf
nc must follow; Upon recent occasion, the despatch
OF business at the port Of Baltimore the arrival of
the steamship Somerset from Liverpool was exhibit
cd by the fact that that ship discharged and the
goods all passed through tho custom house. in less
than ono week from the date Of her entry and goods
shipped from Liverpool tor Cincinnati in bond were
delivered in the iattel ct in probably half tho time
tom house in New York. The expenses Of warehous
ms of shipment of charges OF every description in
Baltimore are largely in favor Of traffic through Bal
tlmore as compared with New York


These lines OF steamers are not needed to bust
ness unnaturay, but really TO form and furnish those
necessary links for the outlets and the ngress of a
large ilow of travel and traffic, for which Baltimore
presents the most economical the most satisfactory
and the most advantageous route.


As, from circumstances heretofore stated the Com
pany mas been unable to render 1t; recent annual
reports. the present has been deemed proper
sion to present the general position of the Company
and the views OF your Executive upon class of sub
IectS IN which am satisfied a deep interest is felt
May be pardoned, in closing, for making some re-
marks OF a personal character


have to thank sou, gentlemen. for the great unan
unity with which you have called me again to pre-
side as your Executive cannot but feel that such
action Is endorsement of the performance of duties
of most delicate. intricate and aborious character
during the most marked period i'll the history of the
country. thank you with most grateful apprccia-
ton for this consideration and this confidence.


have made known to many members of this
Board my anxious desire to retire from the Presi-
dency Of the Company. ! have felt it duty, under
the earnest appeals of those for whom have the
highest regard to remain aid you, far it is in
my power. IN efccting results which all hope will
inure 10 the interests of people and our country
s.~~ .s-rao u
the responsibilities and ab0rs of the Office: 5ui ~ az
sire TO state that duties III connection with my per
sonal relati 0ns will at no distant PERIOD require me
to retire from position, in the fulilment of the
duties of which have been so signally sustained by
your confidence, your energy and your unanmity.


trust that the period is not distant when the con
ditiOn of the affairs Of the Company, and all interests
connected with the road. will be SUCH that after
service which has been aruouS and to the best of my
humble ability faithful and earnest for all the great
interests connected with your company you will feel
that have rendered such service as will entite me
to retire to that position in private life which
earnestly desire.