Eastern times. [volume] (Bath, Me.) 1846-1857, 1853-11-03
Kennebec and Portland Railroad.

the Congregational church in this town, at
O'Clock A. M, Oct. 9th. l
Hon. d. G. Magoun, of Bath, was elected
Chairman Hon. Reuel Williams, the Presi-
dent of the Corporation, read the Directors
Report-Mr. Gilman, the Treasurer of the
Road. read his Report, from which we notice
that the road has cost $4,000, 900
Receipts for the past year, end
ing Sept. 3Oth, 1853, have been as
follows
From 223, 565 passengers, $l27, l27,72
Freight, 2S,Ol5, lO-lOO tons 33,604,55
Trans of mails, express, &c. 1881, 81
Gross income, 1858, 1873
Less running expenses as follows, 81, SCI, 81
Net income, $lOO, 552,37
The sinking fund amounts TO Sal, $40 90
Mr.. Williams made few remarks in rela-
ton to the present condition and future pros
poets of the road-His statements were based
upon the business Of the road and upon the in
crease of business during the past four years.
Receipts of the Road
From October LIST, l849, up to Oct. LIST, 1850,
amounted to $36, 1924, IA
1850-l85I 67,067 81
1851-1652 100, 291, 10
1852-I853 I6S, II3, 89
No. of passengers 1850-l85I 1920
I" 185I-lS52 lab, 1858
g 1S52-l853 223 ,565
- We take from the Age the following
abstract of the Report Of the Directors Of the
Kennebec and Portland Rail Road Company.
The annual report Of the Directors and
Treasurer OF this company is just published.
The report states that the road promises to
ield fair return to the stockholders, while
it has improved and will continue to increase
and enlarge the business and prosperity of
Maine That the stockholders Of the Var
mouth portion of the road has been arranged
or exchanged so as to make 1t SIX per cent.
stock instead Of a ten per cent.-that large
portion of the ten per cent. preferred stock has
also been surrendered or exchanged for new
preferred stock bearing six per cent, and the
hope is expressed that the balance of the old
ten per cent. stock will shortly be exchanged
in similar manner-the effect Of the two ar
engagements being to save the company in the
way of interest about SIS, 900 annually. I'm
the work of effecting these arrangements the
Directors give great credit to Judge Fuller,
and the report adds in this connection 60 With
this saving in the annual charge for interest,
and with business as good as it has been for
the past year, we feel that the net earnings Of
the road will pay all claims upon the treasury,
and that any additions to the business and re-
cepts of the road may be divided to original
stockholders, provided the arrangement for
leasing the Somerset and Kennebec Railroad
shall not produce any temporary charge upon
the treasury
The report states that the Directors have
entered into contract with the Somerset and
Kennebec Railroad Company for the lease OF
that road for twenty years, when completed,
on the conditions authorized, and heretofore
made known. The additional equipments re-
quired for the road, will occasion an outlay OF
$50 600. The report goes into a statement OF
the issue of stock to meet the payment of back
iAterestUn the old shares, and to effect set
Element with the holders of the ten per cent
preferred stock amounting in all to $174 ,00O
of new issue. With the exception OF the I'M
adjusted claims of Mr.. Marsh-and the delin-
quency Of few stockholders, together with
some unsettled claims for land damages, the
affairs of the company are in condition TO
show its exact standing to the stockholders
and the public.
The Directors state that the accompanying
report of the Treasurer gives a fair and just
view OF the present condition OF the corpora
ton, its earnings, expenses, &C., so far as
they are now adjusted; and Judging the future
by what has been realized, we may congratu-
late ourselves that we have property that is
worth what it cost, and will in the end repay
US for all our expenditures and efforts in OBJ
tanning it.
The report concludes by saying:
The trains have been run throughout the
year with great punctuality and much credit
is due to the Superintendent and to all the Off
GERS Of the road for their prudence and prompt
observance Of regulations whereby all passen-
gers and property have been saved from inju-
ry.'-BrunSlcick Telegraph
| BELFAST SIGNAL. We learn from the Bel
fast Journal that the Signal, the wing organ
in Waldo county, has come to sudden stop
The Journal says:
"The establishment was literally and sud
denly deserted by all hands, including the edi-
tor,-and that while the public were animated
by high hopes, and put in state Of feverish
excitement by the promises of the next issue.
Too bad to