The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1866-06-05

Expenditures, 2iO,755 o.
Balance, S235, ,72s ls
Total apparent amount of surplus earnings IRON
the opening of the road SEA 50. Investcdas fol-
Materials for Road. e-U .. 6h.Hf
Bliances due Company, $4,000
Notes Receivable, 10000
Cisn nand, lJ,0uv
From this table of comparative receipts and expen-
dtures Of the Road since 1885, appended to the re-
sengers for the year ending May 81 1876, was 2106-
lSl 81 for freight, &C., $685. 81. The expenses %
operating the Road was S51 s2a 26. The number OF
passengers carried that year, 1883. The amount
received for passengers or the Year Guiding May 81,
1865, was S3es 1so 80; for freight, &c. 1882 s6
Expenses Of operating S24o755 %. Number of pas
sengers carried 81, ,37S. 1t is somewhat singular
showing the comparative increase Of recepts and
expenditures; that in 1S45 the amount Of average ro-
ceipts per passenger % cents while In 1866 it
W cents, only four cents more, being about an equal
relative increase in each item. 5i ma
NO accldeuts have occurred the past year. nor have
ony OF the employees been seriously injured. 1.-THE
road is in good condition, and is kept SO. About
with tho Improved joint, have been laid Nearly the
sIe quantity Of both will be laid early the present
season, so that they may be tamped and bedded be-
Contracts have been made, and the work will soon
comnence, 10 put retaining wall Of masonry ut the
stone arches over Mousani river, Kennebunk-a
neeoed and expensive job, but when completed, it
will ensure permanent structure ior all time.
'" NEW DEPOT.
As yet but little has been done towards builtling
new dcpot in Portland, The cost OF labor and
rials being exOrbi ant il was thought best TO repair
temporarily the head house for the offices and
Tor the officers and passengers As soon as arrange
dscontnuanee of the c,Ossing OF the avenue leading
from that city to Cape Eiizaoeth, preparations will
fre@at bndiuas ae These onie neeesiary Is n
proyonents which involve large outlay, will gve0ne
of the most convenient stations for railroad purposes
:" LEGAL QUESTIONS. aI fla
The legal question In dispute between this roadand
the Boston & Maine IL. Il. Company remains unad
them in currency under protest. The b. q M. X. Il.
Company, by their directors Dec. N, 1864 voted
that they would pay from and after May %, 1853, to
States tax), to the p s. & z. R. r. Company, half
of the capital stock Of the latter representing the i-
April l. 1s47. between the Pouland,, Saco s. Ports-
mouth X. X. Company ON the one part and the Bos-
ton q Maine, and the Eastern Railroad Companies
Company is released by said p. s. & p. Il. h. OF all
liability, Il any such there may be. under said
lease to the stockholders of said r. s. & p. IL. Il.
Company in gold silver coin of the currency of the
United States. ~
1hls proposition of the Boston Maine road was
accepted by the p. s. q p. company at their annual
meeting last june by stock vote, and the directors
the part OF the latter and requested to pay the
amount OF S31 1874 to the Treasurer Of the p s. q
1an aOad hs wsoR proper % discharge S should BE- given
their own proposition, though their attention has
called several times to the matter. President Cogs-
action the matter, and it is for the stock
holders OF the ?. s. s. p Il. II. direct what action
shall be taken In the premises.
The report Of the directors accepted and order
ed to be recorded.
MIR. Sidney Homer, of Boston, offered a resolution
that the Treasurer Of this company pay the stock
holders the dividend due on June 1lth. ..n com Of
the limited stscs, and spoke IN fav0r of his motion,
uuurendng that he had money enough in his hands
he ought to pay the dividend in coin purchasing the
gold at current rates for that purpose.
Gos.Goodwin Tin the chair) explained the stale of
the and the effect Of the motion II it should be
adopted; he said that the Treasurer the trustee Of
the lessees under the essees the virtual Treasur-
Of both the B. M and Eastern roeds in the State
of Maine and he could not pay out the money OF these
corporations in the way proposed. 2f "a
W. H. Hackett, Esq, of Portsmouth, answered the
remarks OF Mr.. Homer, saying that the Treasurer
would far transcend his authority if he did the vote
directed him to do, should 1t pass.
Francis Cogswell, Esq. of Andover, the President
Of the Boston g Maine r. r.. explained the vote Of
his directors In adopting the vote cf Dec IT, 1864,
above referred to- the object of which to initiate
compromise of the '.gold' matter; he said 1t was
oversight that the Eastern road not connected
with the b. & NJ in the Of Dec. II; and II twas
right that the dividend should be paid in coin he was
in favor of doing 20. .a Ea Is ra4
Mr.. Homer rejoinei that the gross earnings of the
P. s. q p road had been about 13 per cent for the
last four years, and that the lessees could well afford
to pay the 8 per cent to as compromiso, in cur
rency or per cent gold, according to contract.
George NJ. Browne, Esq, President OF the Eastern
road, explained the part OF his road that they did
net 60 into the arrangement proposed by the Boston
Arx-x~
to- and secondly his directors did not consider such
vote as binding the ST. ckhoiders of the D. s. M. Co.
not having orderedit to be done, and the Board Of
Directors had not the right to vote away the COM
pany's money in that way. He opposed the motion
President Goodwin said that he hoped that some
arrangement would be made to settle this legal ques
ton; perhaps It was breach Of the contract, and II
So much better contract-one fiverable to the
interests OF the p. S. & P. Company y-mght now be
made He alluded to the building Of the Portland &
Rochester road, and thought that that road could
never succeed in running line TO Great Falls any
where else, as against this ar line road = 'i
IA stock voto was then taken, which resulted in the
defeat of the motion by $50 shares for to 1869 against
it. DR. 81 .its5-lt3lri -ii.s. s1,t r
Mr. Homer then made motion that the Treasurer
rstain in his possession money enough from the re-
cspts to pay the next December dividend in coin. =
After little discussion in which 1t was stated that
this but renewal of the last motn in substance
but another form, this resolve defeated by vote
of 6oS in favor to 1341 against it. 49,. -. II "a,
q A resolution was unanimously adopted, requesting
the directors to the next annual meeting to be
The meeting then proceeded to ballot, by stock
vote, tor directors with The following result The fol-
lowing named gentlemen had 1499 votes each, and
were elected: ri.
Z lchabod Goodwin, Portsmouth; George NJ Browne
Boston; Francis Cogswell, Andover; Nathaniel
Hooper, Boston; Charles L Barrett, Portland; Geo.
W. Buriegh, Great Falls; Stephen IT. Bullard, Bos-
ton. l3 .ai sd tfi.r H l.g .tiLgfflslltaE Do
4 The meeting then adjourned 5oas ~, Sod lf
The new Board of Directors subsequently, organic
ed by the choice Of the old officers: Hon. I. GOODWIN
President; Charles E. Barrett, Esq, Of Portland,
Clerk, and Elphaiet Mott, Esq, of Saco, Treasurer
The usual collation. was furnshed at tine well known
refreshment rooms at The station, and the celebrated
"North Berwick sponge cake was free to all tho
stockholders, by invitation of the directors.
EAST LYNNE.-Allyn Hall was filled last evening
by an appreeative audience to greet Miss Western on