WASHINGTON BRANCH RAILROAD. MANAGED AND Operated by tTHE BALTIMORE AND OHIO RAILROAD COMPANY. LENGTH OF ROAD-Relay House (8 miles W. Baltimore) to Washington. 30 miles. Second track, none. Sidings, turnouts, etc., 5.72 miles. The Washington Branch Railroad Company was chartered by the Legislature of Maryland on the 9th March, 1833. Construction was soon after commenced, and the road was opened for traffic from the Relay House to Bladensburg, 24 miles, on the 20th July, and to Washington, 30 miles, on the 25th August, 1835. It was constructed under the auspices of the Baltimore and Ohio Railroad Company, which owns $1,016,800 of its share capital of $1,650,000: the State of Maryland owns $550,000. By the terms of the charter, the State receives one-fifth of the gross receipts from passengers, in addition to the dividends received on the stock of the Company owned by it. The revenue accruing to the State for the year 1859 from this branch was $126,571, or about 23 per cent. on its investment. The right of the State to a proportional part of the earnings on the Baltimore and Ohio Railroad to the junction has been disputed, but the same has thus far been paid by the Company.-(See Baltimore and Ohio Railroad.) SHARE CAPITAL-Authorized, $2,000,000, in 40,000 $50 shares. Paid in, $1,650,000, in 33,000 $50 shares. -of which $1,016,800 is held by the Baltimore and Ohio Railroad Company; $550,000 by the State of Maryland, and the remainder by individuals. FUNDED DEBT $25,000; being the capital of a 5 per cent. annuity paid for land at the junction of the Annapolis and Elkridge Railroad. INCOME ACCOUNT FOR THE YEAR ENDING 30TH SEPTEMBER, 1850. $335,256 Disbursements- 66 ... [N. B.-Mails, express, etc., included in passenger earnings.] Transportation depart.. Total.. .822.382 61,692 79,915 9,494 Losses by accident.· · 196-$173,679 268,540 PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 30TH SEPTEMBER, 1859. GENERAL LEDGER BALANCE SHEET, 1ST OCTOBER, 1859. Year. 1839... Mile- 1840... 202,755 COST, EARNINGS, EXPENSES, ETC., YEARLY. -Div.- * expenses. $131,183 $76,106 $38,457 127,548 75,207 1843... 1,650,000 30.00 1844... 1,650,000 30.00 1845 1,650,000 30.00 1846... 1,650,000 30.00 1847... 1,650,000 30.00 1849... 1,650,000 30.00 274,832 161,191 113,641 52,017 99,000 123,750 1851... 1,650,000 30.00 309,535 196,792 1852... 1,650,000 30.00 348,622 192,211 156,411 274,351 110,709 71 1854... 1,650,000 30.00 369,229 344,247 124,982 1855... 1,650,000 30.00 139,381 1856... 1,650,000 30.00 73,059 140,250 81 1859... 1,650,000 30.00 442,209 250,750 191,459 77,071 148,500 22 yrs... $36,300,000 660.00 $6,362,891 $3,909,031 $2,453,860 $1,095,880 $2,178,000 Average 1,650,000 30.00 289,222 177,683 111,539 49,812 ... 99,000 WESTERN MARYLAND RAILROAD. BOARD OF DIRECTORS AND OFficers, 1859–60. Augustus AUGUSTUS SCHRIVER, President... J. HENRY HOPPE, Treasurer, and E. F. REESE, Secretary,. LENGTH OF ROAD-Projected: Relay House (N. C. RR.) to Hagerstown.....80 miles. Completed: Relay House (N. C. RR.) to Finksburg Station 18 ROLLING STOCK-Locomotives.... Cars:—passenger, 2; baggage and mail, 1; freight, 4; other, 10........ The Western Maryland Railroad Company was chartered at the January Session of the Legislature of 1852. The construction of the road was commenced in July, 1857, and the line completed from the Relay House on the Northern Central Railroad, 7 miles north of Baltimore, to Owings' Mills, 10 miles, in July, 1858; to Reisterstown, 15 miles, in the following September, and to Finksburg, 18 miles, in June, 1860. The company is now asking the city of Baltimore to endorse its bonds to the amount of $500,000, and should this be acceded to, the road, it is stated, will be opened to Hagerstown in about two years. The first section of the line is that formerly occupied by the Westminster Branch Railroad, which was constructed under the charter of the old Western Maryland Railroad by the Baltimore and Susquehanna Company. *The operating expenses include the transit duty, which are also stated separately. SHARE CAPITAL-Authorized, $1,000,000, in 20,000 $50 shares. 1st Mortgage, 6 per cent., coupon bonds_-dated 24th September, 1858, and payable, principal 1st January, 1890, and coupons semi-annually, 1st January and 1st July, at the Company's office, Westminster, Md. . The amount to be issued under the mortgage is $600,000. COST OF ROAD AND EQUIPMENT.-Not stated; nor is any statement furnished of the amount of stock or bonds issued. WESTMINSTER BRANCH RAILROAD. (See Baltimore and Susquehanna, and Northern Central Railroads.) WILMINGTON AND SUSQUEHANNA RAILROAD. LAWS OF THE STATE IN REFERENCE TO RAILROADS. List of all the Railroad Companies chartered in the State of Maryland, with the dates of the Acts of their incorporation; and also the dates and abstracts of all laws passed by the Legislature in reference thereto. The asterisk [*] prefixed signifies that the work of construction has not been commenced. Date of Laws. *BALTIMORE, CARROLL & FREDERICK 27 May, 1852 66 66 21 Mar, 1853 10 Mar., 1832 27 Feb., 1834 7 Mar., 1834 7 Mar., 1834 Abstract of Laws. Act of incorporation : cap. $100,000. 16 Feb., 1835 1835 1837 Act altering location. 1837 Act relating to tolls. 1838 1838 Relating to subscriptions to lateral roads. 1838 Authorized to receive subscription from Vir- Act confirmatory of Baltimore $5,000,000 loan Act of incorporation : cap. $1,500,000. Time extended, etc. Releases company from obligation to construct An act of incorporation: cap. $1,000,000. Several turnpike charters consolidated. Time for completing work extended. 7 Feb., 1830 May construct a branch to Westminster. 599 Abstract of Laws. 6 Feb., 1830 State to subscribe for 2,000 shares and ap แ 7 Mar., 7 Mar., 9 Mar, 14 Mar. 15 Mar., 1832 1832 point a State director. Supplement to act of 1829. Act explanatory of act of 1831, ch. 224. Extending certain powers to this company Authorizes the company to borrow $600,000. Loans company the proceeds of $400,000 Must repair injuries done by fire from engines. Act to protect the lives of passengers. from 5 to 6 per cent. Extends time for Westminster branch. 5 Mar., 18 Feb., 10 Mar., 9 Feb., 2 Mar, 10 Mar., 1845 1846 Resolution requiring State directors to inves- 1846 1846 1847 Supplement to Westminster branch act. Supplement to charter to make a permanent contract with York and Cumb. RR. Co., etc. Changes southern terminus of road. Resolution appointing State directors. Authorizes the city of Baltimore to aid the Susquehanna Railroad. Compensates the families of persons killed. Relating to extension of road to tide water. Relating to the construction of crossings. May consolidate with York and Maryland line, York and Cumberland, and Susquehanna companies into the Northern Central. 10 Mar., 1854 Provides for the sale of the State's interest in B. and Susq. Co., and for the completion of the Northern Central Railroad. 28 Feb., 1829 14 Mar., 1832 1853 6 Feb., 1834 15 Mar., 1834 Act of incorporation : cap. $300,000. State Treasurer authorized to subscribe Enlarging powers of company. |