The Portland daily press., 1867-03-01
,raiue Oehsral railroad.

mn. ,.,.,,ol .,aaetine of the Maine Central
Railroad Company was held az wa'erVilie on
,,pI.,,osaov There was a very large attend
800 sc tbe shareholders, and the proceedings
were harmonious throughout IA
From the report of the Directors, it appears
that the receipts of the year ending December
a,st. 1866, were as follows
From passengers, xo0t M 81
From merchandise, - o9r $40 ~
f'n' ." ''A0r sources - 10 Is 26,o4l.6s
Total, - at-yo -4lEoq- fl,s S559 533s1
The expenses for the year amounted to $780,
2a659; making the net earnings tor the year
1926, 297 %.
The liabilities of the company, secured by
mortgages on the road, amount to S., 63l $1,000
The road is reported to be in fine running
condition, and the rolling stock in unusually
good repair. The trains have been run during
the year with great re gularity from Bangor to
Danville Junction. ~
The report goes on to say: --'
From the day this road was first opened, the
Directors have had large personal liabilities for
money raised for the Company, to meet it's
pressing obligations. Portions of the time
these liabilities have been onerOus and incon-
venient. not to say hazardous. We are happy,
therefore. to be able to say that the last dollar
of these obligations is extinguished, and that
the earnings of the road are ample to meet all
ordinary demands upon the Company.
The opening of the Z. & N. A. Railway,
which now bids fair to be an event of no dis
tant day, and the increasing business which is
springing up annually all along our line, prom
ises well for the future of the road : ~
IN our last annual report we referred to the
extraordinary eXactions imposed upon us by
she roads between Portland and Boston, over
winch We send our passengers and freight. No
Improvements have been made in their accom-
modations at Portland, nor any concessions in
their tariff of prices The accommodations of
the p. s. & Z. Railroad for receiving freight in
Portland destined for Boston, are intOlerable
seriously damaging the business of this road
and greatly discOmmoding the public who
seek the Boston market through this channel
of communication. Mr.. Noyes, in his report
on this subject says; AT the Port and end of
the Portland, Saco and Portsmouth Railroad
there are no buildings whatever for receiving
goods which are destined for Boston from roads
centering there,-no cOnVeniepces for tranship-
ping goods,-no shelter for them during in
clement or stormy weather; only q single side
track upon which cars can be placed, into
which goods are to be transhipped, and that SO
situated as to allow but portion of each day
for that service. The ears this Company send
to Portland with products for Boston have to
be hauled from the depot OF the G. L. r. to
that OF the p. s. & p, frequently several times
back and forth, before it is possible TO remove
their contents And so our rolling stock is
unreasonably delayed in Portland, and the
owners or consignees of the goods therein are
deprived of their chances at market. This want
of proper facilities and accommodations at
Portland for the through traffic is not only q
great Inconvenience to the patrons of the line,
but Is serious drawback to the business of the
road" How long the railroad interests Of Maine
are to rest under this state of tl{Rs, the future
will determine. 1t is surely anything but en-
couraging to the efforts now makih)1b build
additional lines east of Portland, to throw in
creased business on a line so incompetent or
unwilling to do, in proper manner, and at
reasonable prices, the business already brought
to it, We trust a remedy will be found for this
intOlerable evil. ~ -4Jf .aisl al 81
A ballot was taken for Directors which re-
suited in the election, by almost unanimous
vote, of r. b. Dunn, F. w Hill, G. X Jewett,
Edward T. Little, J. Fl. Drummond, NJ G.
Palmer and James w. Emery The latter gen.
tleman resides in Boston, and was elected in
place of Hon. Anson p Merrill, President of
the road, who declined reelection. iell saif
Subsequently, at a meeting of the Directors,
H. b. Dunn, Esq, OF Waterville, was elected
President of the Road ,s,.t5. ......,. .......
The stockholders passed vote requesting
the Directors to declare dkudend of two dol
lars per share on the stock in July next
They also passed a vote, with great unanimi-
ty, ratifying the proceedings of the Directors
in the matter of leasing the Dexter and New
port Railroad.
/. II lff ~