RAILROADS IN THE STATE OF MARYLAND. STATEMENT showing the Share Capital, Indebtedness, Cost, Mileage, Receipts for transportation of Passengers, Receipts for transportation of Freight, Receipts for transportation of Mails, Operating Expenses, Earnings less Expenses, and Dividends paid by the Railroad Companies of the State of Maryland, for each year, since the opening of the first road in 1830: Year. Share Capital. Operating Earnings Amount less of & Repairs. Expenses. Dividend. Year. 49,601 2,132,108 2,079,107 27,250 4,155 31,405 10,995 20,410 1831 67,910 69,027 136,937 75,673 61,264 69,075.1832 3,188,725 89.00 93,233 121,147 1,300 215,680 152,485 63,195 30,061 1533 3,619,222 101 00 104,182 8,722,917 178.50 101,335 1,596,269 189,255 2,224,759 184,194 2,995,708 30 yrs $286,533,315 222,818,712 34,554,600 543,906,627 443,179,992 8.522.50 17,206,386 35,740,026 2,597,150 55,543,562 31.883,328 23,660,234 6,767,766 50 Yrs. 395,385 131,255 4,108 239,545 158,402 81,143 ..1834 191,216 116,881 45,0021835 1836 .... 1837 1838 509.082 459,119 69,624 1,037,825 546,010 494,530 90,535 1,131,075 511,975 210.283 66,000 .1839 214,250 ..1843 274,000 1844 601,293 643,683 91,905 1,336,881 762,948 573,933 RAILROADS OF THE STATE IN DETAIL. ANNAPOLIS AND ELKRIDGE RAILROAD. BOARD OF DIRECTORS AND OFFICERS, 1859-60. Abram Claude ..... George Franklin.. .Annapolis, Md. | Thomas S. Alexander.....Annapolis, Md. Benjamin E. Garnett..... Directors on ABRAM CLAUDE, President... THOMAS GAITHER, Treasurer and Secretary. JOSHUA BROWN, Superintendent. PRINCIPAL OFFICE... .ANNAPOLIS, Ann Arundel, Co., Md LENGTH OF ROAD-Annapolis to Junction, (18 miles S. W. Baltimore) Second track, none. Sidings, turnouts, etc., about 2 miles. .20.51 miles. The Annapolis and Elkridge Railroad Company was chartered by the Legislature of Maryland on the 21st March, 1837. The work of construction was commenced on 4th July, 1838, and the road completed and opened for traffic on 26th December, 1840. The State subscribed $300,000 to the share capital of the Company, of which $220,000 have been paid in. SHARE CAPITAL-Authorized, $500,000; Paid in, $50 shares, $353,000. FUNDED DEBT $73,300: being 1st Mortgage 6 per cent. bonds. COST OF ROAD AND EQUIPMENT $442,000. No detail. BALTIMORE CITY PASSENGER RAILROAD. On the 19th March, 1849, Jonathan Brock and associates, citizens of Philadelphia, obtained permission from the city councils to lay down about 40 miles of railroad track in the public streets. The permission was granted on the consideration that the grantees should pay into the city treasury 20 per cent. of the gross receipts from passengers carried over the road, the same to constitute a fund for the purchase and laying out of a site for a public park. Ground was broken and construction commenced in the ensuing May, and up to August, 1860, there had been completed and brought into successful operation 10 miles of road. In the meantime the owners had paid into the city treasury, as per agreement, about $50,000. The equipment consists of 65 cars and about 400 horses and mules. A charter for the formation of a company was passed by the Senate at the last session of the State Legislature, 1859-60, but the Assembly refused to grant the con cession. 73 577 BALTIMORE AND OHIO RAILROAD. BOARD OF DIRECTORS AND OFFICERS, 1859-60. For Baltimore City. Henry C. Smith, E. L. Thomas, H. Tyson, N. L. Wood. For State. George P. Whittaker. JOHN W. GARRETT, President.. J. I. ATKINSON, Treasurer and Secretary... WILLIAM PRESCOTT SMITH, Master of Transportation.. PRINCIPAL OFFICE.... LENGTH OF ROAD-Main Line, Baltimore to Wheeling.. ...30.0 Sec. track, includ. sidings, turnouts, switches, etc., 5.72 miles. .379.06 miles ...103.5-133.5 66 Sec. track, includ. sidings, turnouts, switches, etc., 8.14 miles. 66 ...3,272 235 Total length of road owned, leased and operated by company....513.1 miles. ROLLING STOCK-Locomotive engines: in passenger service, 28; in coal, stock and tonnage service, 145; in other service, 13; under or awaiting repairs, 39; extras, not in service, 10. Passenger Cars-On Main Line, 91; and on Washington Branch, 35. 126 Burden On Main Line, and N. W. Virginia Railroad, tonnage, 1,688; stock, 150; coal, 1,290; ballast, 128, and snowploughs, 16... Washington Branch, tonnage, 146; stock, 2, and snow-ploughs, 2.. 150- 3,548 The Baltimore and Ohio Railroad Company was incorporated in the State of Maryland on the 28th February, and in the State of Virginia on the 8th March, 1827, with authority to construct a railroad from Baltimore to some eligible point on the Ohio River, with a capital of $5,000,000, and the right of organizing on the subscription of one-fifth that amount. The required subscription of $1,000,000 having been obtained, the Company was organized in the following April, and the surveys of the route at once undertaken under the superintendence of Col. S. Í. Long and Jonathan Knight. To aid them several members of the United States Topographical Corps were detailed by the General Government. A report of the preliminary surveys was made in April, 1828, and the road located to the Point of Rocks during the ensuing summer. On the 4th July, ground was broken at Baltimore by the venerable Charles Carroll, of Carrollton, and shortly after the first section, extending to Ellicott's Mills, was put under contract. The remaining distance to the Point of Rocks was not let till the following summer. At the close of 1828, the capital subscribed amounted to $4,000,000, of which $3,000,000 had been taken by individuals, $500,000 by the City of Baltimore, and $500,000 by the State of Maryland. Application for aid was made to Congress in the same year, but failed of success. 18 . In 1830, a section of the road, within the limits of the city, was constructed. In 1837, it was extended to Frederick City, and in 1832, to the "Point of Rocks." At this place the Chesapeake and Ohio Canal Company had appropriated to itself, for its proposed work, the narrow gorge through the mountains, and it was not until several years had elapsed that this obstacle to the further progress of the road was removed, through the interposition of the Legislature. On the 9th March, 1833, a charter for the Washington Branch was obtained. It contained a stipulation that one-fifth of the gross earnings from passengers should be paid over for the benefit of the State; the amount so paid not to be less than 25 cents from each passenger transported over the road. The construction of this branch was soon after commenced, surveys of the route having been previously made. Towards its construction the Baltimore and Ohio Company contributed $1,016,800. It was opened from the junction to Bladensburg, 24 miles, on the 20th July, and to Washington, 30 miles, on the 25th August, 1835.-(See Washington Branch Railroad.) Up to 1831, the trains were drawn over the road by horse-power. In January of that year, the Company offered $4,000 for the most approved locomotive engine, of American manufacture, to burn coal or coke, and $3,000 for the second best. Three engines were tendered the company, but only one, the "York," built by Phineas Davis, was accepted. This engine was mounted on four wheels, the movement being obtained by means of gearing, with a pinion and spur-wheel on one of the axles. By this engine a speed of 15 miles the hour was obtain on curves, with radii of 400 feet, and double this speed on straight lines. The portions of the road first built, were constructed with a flat bar, laid, in some cases, on a stone foundation; in others, upon longitudinal sills. The stone sub-structure was soon dispensed with, and a new improved pattern of rail came early into use. In 1834, the road was opened to Harper's Ferry. In 1836, surveys were made for the extension of the road to Cumberland and Wheeling, for which purpose $3,200,000 were subsequently subscribed by the State. In the same year, the viaduct over the Potomac River, at Harper's Perry, was completed, and a connection formed with the Winchester and Potomac Railroad. At an early period in the history of the Company, permission had been obtained from the State of Virginia, for the location of the road through a portion of its territory. The time having elapsed in which the road was to be constructed, an act was passed, 1838, enlarging the time to five years, and requiring the Company to locate within the State, (with the exception of five miles,) its road from Harper's Ferry to Cumberland. This act also designated the City of Wheeling as the western terminus of the road. At the same time the State made a subscription to the capital stock of the Company to the amount of $1,058,420, being one-fifth of the estimated cost of road within its linits. This act was accepted by the Company, and the line to Cumberland placed under contract, and completed on the 5th November, 1842. No progress had been made in the construction of the road beyond Cumberland from 1842 to 1847, the authority granted by the State of Virginia having expired. In the last named year, another act enlarging the time was obtained. The cost of the extension to Wheeling was estimated at $6,000,000. In 1849, the means for resuming work were provided by the negotiation of the bonds of the State granted to the Company. From that date it was vigorously pressed forward, and on the 12th January, 1853, the whole line formally opened for business. The road, however, was in an unfinished state, and an application was made to the City of Baltimore for a loan of $5,000,000, to be secured by a mortgage upon it. The application was granted, and the proceeds of the loan were expended, in arching the numerous tunnels on the line of the road, in laying a double track on a portion of it, and in various other improvements. The total length of all the tunnels on the road is 12,804 feet; the longest being the Kingwood tunnel, of 4,137 feet. The Parkersburg Branch, (North Western Virginia) Railroad Company was chartered on the 14th February, 1851. The construction of its road was commenced in December, 1852, and it was so far completed that cars passed over its whole length on the 1st May, 1857. This road was built under the joint auspices of the City of Baltimore and the Baltimore and Ohio Railroad Company. The City guaranteed $1,500,000 of its 1st Mortgage bonds, and the Baltimore and Ohio Company $1,000,000 of its 2d Mortgage bonds. Since that period, exclusive of an additional guarantee of $500,000 bonds, the Baltimore and Ohio Railroad Company has advanced on account of the road, $1,795,326. In this advance, under agreement with the North Western Company, has been included $90,000 per annum for interest paid on the bonds for which the Company is guarantor. In June, 1859, the Council of the City appropriated, for five years, 25 per cent. of the dividends on its stock in the Baltimore and Ohio Company, to aid the North Western Company in completing the tunnels on the line of its road. This road is operated under a contract, dated 27th December, 1856, by the Baltimore and Ohio Company, and which took effect on the 1st January, 1857. The contract is for five years, and may be renewed at the option of the lessee, for a second term. The rent paid is 40 per cent. of the gross earnings.--(See N. W. V. RR.) SHARE CAPITAL-$13,118,902: classified as follows -held by individuals...... -held by the State of Maryland -held by the City of Baltimore. 54,262 shares $5,426,200 6,856 66 35,000 685,600 3,500,000 Preferred, 6 per cent., Stock. The "Preferred Stock" was subscribed by the State of Maryland in 1838 and paid for in 5 per cent. sterling bonds, and is a first lien on the road. FUNDED DEBT $10,781,833; classified as follows Mortgage, 6 per cent., loan -$1,000,000 -issued in 1834, and payable, principal 1st January, 1867, and interest quarterly in January, April, July and October, at Baltimore. Mortgage, 6 per cent., coupon bonds_ $700,000 -issued in 1850, and payable, principal in 1880, and interest semi-annually, 1st January and 1st July, at Baltimore. Mortgage, 6 per cent., coupon bonds ..$2,500,000 -issued in 1853, and payable, principal in 1885, and interest semi-annually, 1st April and 1st October, at Baltimore. City Loan, 6 per cent., bonds.. -$5,000,000 -in 1855, and payable, principal in 1890, and interest semi-annually, at Bal timore. Issued to the city of Baltimore in exchange for a like amount issued by the city for the benefit of the railroad company. |