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THE FRANKLIN INSTITUTE,
State of Pennsylvania,
PROMOTION OF THE MECHANIC ARTS.
MECHANICAL AND PHYSICAL SCIENCE, CIVIL ENGINEERING, THE ARTS
AND OTHER PATENTED INVENTIONS.
BY THE COMMITTEE ON PUBLICATIONS
OF THE FRANKLIN INSTITUTE.
For Engineering and Architecture.
THOMPSON S. BROWN, Civ. Eng.
CHARLES ELLET, Jr., Civ. Eng.
WILLIAM H. EMORY, U.S. Top. Eng.
ELLWOOD MORRIS, Civ. Eng.
SOLOMON W. ROBERTS, Civ. Eng.
WILLIAM E. MORRIS, Civ. Eng.
T. U. WALTER, Prof. Arch. Fr. Inst.
For Mining and Metallurgy.
MARTIN H. BOYE, Analytical Chem.
THEODORE F. MOSS, Min. Eng.
RICHARD C. TAYLOR.
SAMUEL S. HALDEMAN,
Reporter of American Patents,
THIRD SERIE 8.
WHOLE NO. VOL. XLV.
Twenty-first Annual Report of the President and Directors to the
Slockholders of the Baltimore and Ohio Railroad Company. At a meeting of the stockholders, held pursuant to the charter, on the second Monday of October, 1847, in the cily of Baltimore, the President and Directors of the Baltimore and Ohio Railroad Company submitted the following report and statement of the affairs of the Company :
FIRST.-Of the Main Stem. The statement A shows the state of the Company's affairs on the 30th ult., and the revenue and expenses of the main stem for the year ending on the same day are shown by the statement B.
These statements exhibit a considerable increase both in the trade and travel; and it will appear, from an examination of the various items of which they are composed, and from the elaborate report of the chief engineer, acting as general superintendent, hereto appended, that in proportion to the amount of business, there has been a very favorable diminution in the cost of transportation and expense of working. The general economy in the management of the road, either in regard to its particular condition, or as compared with other roads in the United States, or elsewhere, though more favorably situVOL. XV.-3RD SERIES.—No. 1.-JANTARY, 1848.