The Portland daily press., 1866-04-19
.sc A REPORT OF THE DIRECTORS
."1ino9 1lslj Isban OF THE sIl 10 a.i7cg
Portland & Rochester R. R. Co.,
1rlBs ,sal EMBRACING THE iIa aual1.f
Location of the Road and its Objects.

/
Location of the Road and its Objects.
| .tEr4E aFsI
The Directors of the Portland and Roches-
~ nairoad Company deem it advisable to
s9n R.essnt 10 the public, and to the citizens of
aotuanu particularly, the situation of the Com
pany lucy represent and the objects they have
Id view, and to call attention to the benefits
which may reasonably be expected to accrue
| 10 the city and State, from the comnletion of
said road. together with the plan thew have
adopted for the accomplishment of that Oh
ject. ~ 80 ct Iiol1a51g1 = = '-'"' 1'"s,'
The Portland and Rochester railroad and
franchise, and other property belonging to it,
came into possession ofthe Company through
! the foreclosure of a mortgage executed by the
| York & Cumberland Railroad Co., under a
decree of the Supreme Court of the State of
Maine, since which period, the road has been
repaired by the insertion of sleepers where re-
CURED, new iron in the place of old iron frac-
tured by wear, re-ballasted. and the whole road
put in condition, with the exception of that
portion between Morrilps Corner, in West
brook, and Portland. 'slos 10
III The property of the Company consists in
10 80 miles now in actual operation, eight
mlies graded between Saco River and Alfred
SIX miles between Springvale and Rochester,
| with its depot ground, station and engine
houses and other constructions, engines, pas.s
senger and freight cars, and the piers and
aDutments for the bridge across Saco River,
which are in the process of completion, and at
| an early day will be ready for the superstrue-
| ture. The whole, of the estimated yalue Of
$500 100, constituting the capital of tae Com
pany, and is divided into 5,601 shares of 500
each.
With the assent of the City Government,
the Legislature of Maine, in addition to the
grant OF privileges of new location and
changes In the old one, authorized the City Of
fortland, whenever the amount of one hun
dred and fifty thousand dollars additional to
the present stock of the Company, should have
been subscribed by responsible parties, in good
faith, to subscribe a sum not exceeding three
hundred thousand dollars to said stock, provid-
ed two thirds of the voters present at a meet
ing legally called for that purpose, shall by
ballot vote SO to do. 1t is estimated that to
complete the road to Rochester $45OOO0 will
be required, $150,000 of which, the directors
propose to raise by individual subscription,
and the balance by the subscription of the city
of Portland. 3aIA as & -iyGa } i ai1l !
a9 The stockholders of this Company have al-
thorlzed the directors to apply to the Legisla-
ture Of New Hampshire, at its next session, to
be holden In June, for authority to extend the
railroad from Rochester to Gambia, distance
OF twenty -One miles, which, If done, will con-
rect the city ofPortland by railroad with Man
chester, the distance between them being sev-
| enty-seven miles,, The ten miles of the Con-
cord and Portsmouth Railroad, between Can
| tn belave, 90 =, ho 81 Tco,,troJlod tI,at ~ III
struction win occur in tha r,,nn;no nf ,ba roa,
to Mancbester. 80 '1I-1'''' 80
| Manchester is an ;ncornorated c;tv .onta;n-
ing 2O.O 600 inhabitants fts mannfactnrin9 es.
adjustments, mostly of cotton. are operated
| upon the most extensive scale. The CITY is
situated upon the Merrimack river, occupies
| high ground is conlpactly built chiefly of
4 brick, and has more of a metrooolitan air than
| any other in New Hampshire. ~, ,...-''-'[I
If this arrangement is perfected. our busi-
| ness connections with New York and the
great West, it is believed. will be greatly i'm
proved by means of a more direct, rapid and
cheaper route. qsla uiaBina lk5a hdoys,i
| Railroad trains now leave Manchester At
| half past four p. M. and arrive in season to
| connect with the train from Boston to New
York. Ifthe Portland and Rochester Rail
road was now completed In the manner pro-
posed, passengers would be able to leave Port,
ianu as lale as nan past IL noon, and reaeh
| New York at midnlght-iess, than twelve
nours, Dy lana, OF AZ SIX next morning by
Steamer lrom new LONDON, thus SAVING TO the
BUSINESS Iiah, 9ns uay Oh time, ana Two DOL
lars expense. When 10 tnis Is ADDED the con
| venlence OF navmg tne baggage ucketed rom
mere 70 new 1ork itlls DeileVed lew traVeierS
Woulo taKe any otner route. II Is estlmated
'i Rs,r9Sa9 eac sa p;1s; s;,v osel , p Na anu
Yorl ,,H;ct ;,cI,So t,sa = ~ o,ad fr,' Ma;r"
the fare;on steomsrs' | ond tha T Hr;t;sh ProS,
;nces and that mon tbe comniat;on oStba IN
| ronoan -onJ North Arner;oary Po;,rnaJ tha
nnmber wonld donhtiess he Jonhiad -
s1 "S' - - .l.li
~ hen completeo according 10 tne proposed
pamp, p;m tne Iortlanu .1 anu hocnester halifoad
WI 'n9 in1 uiS.anee pesWeen rortlaho
anu .ne .aAes, anu l'l, fenuer
s,oi ,m oasy .,u . onsen1 Cs ass
as ossr ~ Poruon -, 'HT Ionc0rH, ManE1es- M W
ant Gotrsi a1 Nnrtharn ndonsh,,, Ra;I
roods a sba,,sd I ta' : raoah S5'Jesp,r tr
,,,;.as ,,oorar H., h1' uaroad s., ,,,a,, ~ NJ
traaI Os1asl',,r,, m sta,,ds 10y ~ tS g.
-,,s. *1,a ,'.aat 'H1
M MIenco IvoI, ae sl'o oo'icc VI LaAe On'aIio, anu
posSIsses esety conve.ience . .or Ie ssorase "
hoiehs' anu 'ne ieeoP.aou " gam Wy eiesa'oiS
The merchants OF Chicago and Detroit have
long felt the want OF an elevator at some At
lantic port, having deep water and accessible,
ior the storage OF grain TO be transported
tnence Dy cars m Dulk, ana 1of tne conven-
ience and economy of shipment. This want
Is TO some degree supplied by conveniences al
ready existing in Portland, and will be abun-
uantly provided tor, as soon as the traffic de
mands II, which viii be when the railroad con
nections are, what they ought to be, better
and cheaper. D'oal9 A'st1' -n- b7R4s1
The importance Of the proposed extension
l of the Portland and Rochester Railroad in q
national point of view is manifest from anoth-
er consideration, During our late troubles a
meeting of the citizens OF Portland was called
in relation to the defence of the city. to whicl
l officers offhe corps of Engineers offhe TTnitef
States in charge of the public works at Port
land. were invited. and cave their opinion
that the first step toward a successful defepce
of the city and State should be the construc