Lincoln telegraph. [volume] (Bath, Me.) 1836-1846, 1841-12-16
RAIL ROAD TO PORTLAND.

RAIL ROAD TO PORTLAND.
We have before stated that this would be a
profitable route to the Stockholders. If we are
correctly informed, the Steam Boat from the
Kennebec to Boston for the last three years, has
divided average to the proprietors, some
thing over $25 900 per year. One year the Boat
divided $36 ,000.-Supposing therefore the rail
road did not increase the travel any, but should
only average the same for the year. that it has for
the steam boat season, and the expense of run
ming the road the same running the boat, the
net profits then for the year would be about
$4,000 This is founded on the suppositon that
the fare on the road to Portland should be the
same as in the boat to Boston, but a fair cacula-
ton would reduce the fare so per cent, it would
then leave n clear balance of 1927 800 per year.
The expense of building the road from here to
Portland would not probably exceed 100000; il
so, it would Immediately pay per cent interest.
These not mere figures, but simple state
ment of facts, knowing what the steam boat has
done, we can easily estimate with considerable
exactness, what would be done by the road. As
the road is nearly completed to Portland, we
would suggest to its proprictors, whether it would
not be for their interest to extend their line,
Immediately to this place. Let them compare
the net profits of the Portland boat, with those
of the kennebec boat, and then ascertain how
much the one exceeds the other-and after their
road is completed to Portland--compare the
cepts of the road with the receipts of the Port
land boat; they then will be well qualified to
iudge of the receipts of the road to this place, by
the same rule.
! We know not why the rece pts of the road 10
this place, should not exceed the Portland route,
nearly as much as the receipts of the Kennebec
boat exceeds that of the Portland boat-makng
due allowance for freight &c, to and from Saco
| In the above estimate OF the receipts of the
road to this place, no account is taken of the in
crease Of travel, fees for the transportation of
the mail which of course would be something OF
an ten-but merely estimate from the boats
actual income, and Judging from that, this branch
of the road cannot pay an interest less than per
cent. We do not WISH any one to take our state
ment as true without examination, but earnestly
request all Interested in the matter to investigate
the subject carefully for themselves, and
|
sincerely believe, they will find that we have
rather placed the profits Of this branch below,
than above the amount, that win on trial be
cieved from it. If so, what stocks are there ODE
compared with this-graduaTfy and continually
increasing, with the increase and settlement of
the country and trade-permanenta and unchange
able-and not so subject to fuctuation az other
stocks, or most any other kinds Of business. We
ask our capitalists to investigate tive ask our
! Ship owners, whether it is not safe for them to
| investsome Of their property where its value will
not depend on the fluctuations of freights-and
those, who have small sums to invest, if they can
find any place in which to put their money, where
there will be much interest paid, and at the
same time attended With so little risk as this
! road.
This road is we'll worthy the attention of
all, who have any funds to invest, well
! the Stockholders OF the Eastern rail road TO
whom we would particularly recommend an ex
animation of this route and they must be
! WINGED their interest imperiously demands it.