The Portland daily press., 1867-06-04
Paid Eastern and b. & Nj. K. X.
I.t ...s..t fr-iE a-eh rltsf
Apparent Surplus May 81, 1857,

The repairs for the past year consist mainly
in having laid down twenty thousand new
sleepers, and about three hundred tons of new
or re-rolled iron, by which the track has been
kept in complete order. 5... l.s.
+. About twelve thousand sleepers and four
hundred tons of iron, contracts for which have
been made and portion delivered, are estma-
ted as the requirements for the coming year,
to keep up the track. ID .l...-, +. .t,5
The requisite amount offilling upon the flats
at the depot grounds in Portland near the har-
Dor commissioners line, was finished the past
season, enabling us to build a new turn table
with a substantial wooden building to cover it;
and to put MP three additional Temporary sheds
for the engines, by which they have all been
housed the past winter ..5i ..,tgs.t. .aE
An addition to the pile wharf of 1904 square
feet, with anew drop, has been made the pres
eft spring and the old wall, which was built
some years ago, has been carried out to the
immediate rear of the new wharf, giving one of
the best, if not the best, water front in the
city, and when the filling of the remainder of
the flats is completed, the ground then made
will afford every facility for first class depot ac-
commodations, with yard room sufficient for
the large freight business, for which we now
have no adequate conveniences. ...
D In our last REPORT we spoke of the cOntem-
plated erection of an engine house, machine
and Garpenter's shops with other necessary
near the westerly end of the Portland brid ge.-
During the last summer considerable filling of
flats was done at that point, and substantial
sea wall necessary for protection of the same,
was commenced upon a line established by the
harbor Commissioners. Which when completed
will give us q yery;valuable lot in close prox-
unity to the city property. ii II 74at a. %
The great and terrible fire of July last, how
er, coming at a time when we were just pre-
pairing to commence these buildings, had such
an effect on the price of materials and labor,
and the demands for the same for purposes of
shelter for an almost homeless and houseless
! city, were so much more pressing than our
own, as to determine us at once to defer work
upon these buildings until another year, and
by using the sheds before spoken of, we have
gone through the winter with as little inconven-
fence as the circumstances admitted.
r. Our own direct loss by the fire was compare
lively small, consisting of patterns at the foun-
dry of the Messrs. Staples, amounting to be-
tween four and five thousand dollars.
We believe our business on the whole has
not been injuriously affected. For a time,
large numbers of people, from near and distant
points, visited the scene of idesolation, taxing
the capacity of our trains to provide for them
and the business of rebuilding has, since the
cOnfagraton, been SO active in the city, as to
keep our rolling stock in great demand in
transporting materials, &c.
Desiring to do all in Ourpower to aid in eve
ry practicable way, and the calls for laborers
being pressing, we put a train upon the road
soon after the fire, from Biddetord and Saco,
expressly to accommodate mechanics and la
borers, giving them convenient hours to do a
days work in the city, and return to their
homes at night. This train has carried large
number of workmen during the time very
much to their convenience, and we have there
by materially assisted in building up the waste
places. si'N -. /.
Work upon the sea wall and filling has been
recommended, and arrangements are in prog
resS to proceed with the buildings at once.
The work of filling, in the city and at the point
last spoken of, took the service of a gravel
train nearly the whole season. and but little
gravelling was done to the road bed. I g
The gold and silver question, so far as the
Eastern Railroad is concerned, remains as
heretofore reported. 1t would be gratifying if
this Road would make an offer of compromise,
similar to that made by the Boston & Maine
on this point-whlch compromise, offered by
the Boston & Maine and accepted by this cor
poratiOn, has not been carried out, though
often demanded. 4 Do. Ut d q. -eh- ''-i
y. Under these circumstances we have recent
ly instituted suit at law against the Boston
u Maine for the amountoffered as a compron-
Use. believing them TO be legally bound
Respectfully submitted by order of the Di-
rectors lCHABoD GOODWIN, President.
Accompanying the Report is trial balance
of the Ledger accounts of Eliphalet Mott ESQ,
Treasurer of the company on the first of May
last; together with that of Chas Il. Barrett
Esq, Auditor ofthe Treasurers accounts GER
tifying that the same are correct and properly
youched, and that the stock transfers for the
year agree with the certificates of the same as
surrendered; also a comparative Table of the
receipts and expenditures Of the road since
1916. The pamphlet concludes with a copy of
the contract made by this corporation with
those of the Boston and Maine, and the East
ern r. r., April l., 1S47; made particularly
with reference to the gold question which has
annually come up since the value of gold has
been at a premium above the national scrip
We give the article in full relative to that sub
jeot in order that the gist Of the matter may be
fully understood: %" 80, .,r.-,'l.il Il y
sa 3;dE , 1t is further agreed by the
f fha party of the second part (The B. q Nj. and
mart iThe i y with the said party of the first
paIt, me re Z. 5. &1P. r. r. Coz that the said
party Oh the second part. will dnr;rn. tho CO..
tinuahGe OF TINS agency and contrsct f,,,odar
tins lndenture, pay, or cause to he MID CO.,;
an hlinu'is Ia .ie months of June and Deem
corporation party hereto of he first nart Si ~
the time being, for the use of the stocLhni ~
of the said corpora ion, the sum of Three M
lars in gold or silver coin OF the currency of
the United States, for each and every share of
the capital stock of the said corporation II
The meeting then proceeded to ballot for a
Board of Directors for the ensuing yeaI. The
committee appointed to receive and count the
votes, consisted of VIM. H. Hackett, Esq, of
Portsmouth, Eliphalet Mott Esq, of Saco, and
Mr.. Charles j. Brown, of Rye.
The number of ballots cast was 3,l46, all of
which Were for the following ticket: Directors
-Ichabod Goodwin, Portsmouth; George NJ
Browne, Boston; Francis Cogswell, Andover;
Nathaniel Hooper, Boston; Charles E. Barrett,
Portland; George w. Burleigh, Great Falls;
stephen H. Bullard, Boston.
Mr. j. S. Fay, of Boston, offered a resolve
ueeiarlng that the contract for the lease of this
ROAD by the Boston 81 Maine and Eastern Rail
ROAD Companies has not been adhered to, in
[hat those corporations have failed to pay the
dividends in gold or silver coin according to
5he terms of the 9TH article Of the contract, as |
printed above, and that the Directors are in |
'tructed to carry this resolution into effect by |
aking possession of the road and its effects,
md operating the same. 45 "- a@-t"
On motion of Hon. Samuel Hooper, of Bos-