The Republican journal., 1869-07-08
[ o CAL. ITEM &c.

RAILROAD MAItER>. The uniud uertin. ,J
The stockholders Of the Belfast and Moo,eh All
Lake Rariload was held in this city ON We e.day
A. Hayford ESD, President, submitted II report "
the affairs Of the corporation for the past year. IL,
| companed by the reports Of the resident engineer
and the treasurer. We copy the concluding portion
Of the report of the President. giving 4 con.i-.
statement OF the condition Of the enterprise
1t appears from these reports:
/. That the length of the road from Belfast L.
Rurnham is hrty-three and onc-hall miles,
=. That of this distance there have been brought
TO an actual ,ub-grade eight and Ihrcf-lnlirtl.
miles.
3. That averaging the amount done on tt-
Whole line, there have been GRADED fourteen ana
one-htth miles, or more than tWo-ftth, of ir
Whole length Of the road from Belfast to Burnl4ln.
T. That the total quantity of earth and rocl. 60
cavation, and loose rock To- bc removed on III.
thlrty-three and one-hal miles j. ~ .31 cuh,'
yards.
5. That the quantity actually removed M To TIL,
hrst day of July inst. was 2l30l9 cubic yards. Vi
within 43,0ll yards of onc-halt ol thr Whoi
quantity.
s. That for this work there hat been paid ana
will become due the contractors on llic tenth
July. Sl20,9.S92
:. That adding together The ten per cent. rr,cr,-
ed from the contractors, the excess of WORT, dom.
over the contract price per mile and the ,>cr~,
I rockWork and masonry done over the average ~
the whole line. makes S42,J9;.l l! worth oI work
done by contractors more than they have rrctNa.;
pay for.
peted on the first day of November, 1870 and t.I-
is good reason for believing that ii i'll be done Be
fore that time. 1t is the intention of the contractors
@ have the grading finished this
In conclusion the undersigned congratulata~ tn
stockholders and the public upon me speedy cotn-
pletion of this avOritc enterprise Prev ou- NcxH-
ions embarrassmente and di,cournorm-nt~ ar.
iast giving place to more hopeful indications. "hi
the lease OF the road upon such favorable terms Is
friends Of the enterprise it cannot fail To win barA
the favor OF those tho made that the only condol
PIerecn' rhora ,, 10 't p'ymeht Ok ther
rome, should not be hy@onrs and il j. rontI,nif,
yayment Of their assessment. viii now Ir'n,,,i
respond To the call Of the Treasurer.
Ne eaSt Is hllple security lo[ 'lt ltNln'h' "t
nonlnrefrrred Stock GOOD forst Irast fil,. and th,
tourths per cent. A. the stock j. exempt from t;,>
"uon Tor Ten years It = aN good ar eghI per r'i.
been oblieed 10 n,,lt rI,,,t ',r,',,nini@ ',if u
build Railroads that Afforded them bu conpar4ti,,
y >i!Sht AdymtASGs belfaIt and ih" Town, dnh
tartnnr 70 yeruro a R"rnaJ tbni ,rI,ri thc W.
calcuuble benefits without subiecting thcm>el,.
to iarthngs losS-thanNS TO the legislation Iii4
thant i"o t tfo ,,no,I & W t I,li, a.l'
and steaClf,>tnc,> in making such rgi,laiion 1rqi
able.
Of the city and other municipal bonds iS>ned III All
v. "s co"Slluclt1n' anu rth'!eI thfW tht >e,'
/ All Of which i resnrrtf,ljly uubnitt,d
\. HAYFORU.
president "i B " W. L. X. Il. -.
I, wa. ,t.d tn r.,,,,, ,, ,l. t ,,,t-.
WI N"'''' " l''""' t'e hummer ~ hlFv'"'ir
from thirteen To nine and tl. following ncr.n.,,
were chosen
! A. HayfOrd, ;. l.. Mlhru. a. d. bI,Arr,af,
W W ~ '"AfSo"' = '"ipuI"' hc'i,eh >io''! ".
" "' ,' 0"'Y''' - 'N'''' '''''. t'''l''"'
HaNiOrd WAS chosen President John If tni,..i..
I 'lefk, and W. /. t0lburn, Treasurer
,rt ,.. r,, ..,,
h,.- -, 5.t,,..,.- ,.i,,.. -
/ ~ '7 ' ''
he had In abundance hnt norhn.s .,t,no.. -.t ,,,,
rnllir nlacns few inai,il,,,l. -.,.,,.,l f., l,
g,t more Than Tho rao,,l,ior ,lI,,,,,,o. t. ,.r. Wa