The Portland daily press., 1869-10-07

The annual meeting of the stockholders CT
the Portland and Rochester Railroad Compa-
ny was held at the Office of the company, yes
terday forenoon, at 10 o'clock, Hon. N. L.
Woodbury. in the chair. The annual report
was read, as follows:
To the Stockholders OF the Portland and Roch-
ester Railroad Company:
GENTLEMEN,-Sincey your last annual meet
ing your road has been completed from Saco
River to Alfred, . distance of fourteen miles,
depot has been built at Alfred, the grounds
graded, an engine house and turntable have
been built the track ballasted, and that por-
ton of your road put in good running order.
That portion of your road between Portland
and Saco River has been greatly improved;
more than five thousand new sleepers have
bsen laid, and new iron sufficient to put it in a
good and safe condition for the transportation
of passengers and freight, and though not all
that could be desired has boon done to it, great
improvement has been made. A turnout has
been put in at Saccarappa to the new flour
mills of Messrs Lsk and Weston, which will
add to the business of your road. III
New steel ties have been put on two OF your
engines, and they are now in good order. -Four
passenger cars have been added and new
box car to your rolling stock. ..t.
The first passenger car put on the road has
been rebuilt and is now first class car.
This work has been done at the Company's
repair shop
1ue IOllng SCOCk OI your rOau cOuSlSIS Vi
3 locomotives, 9 passenger cars, baggage cars,
1 dummy car and engine, box freight cars,
IS platform cars, all of which are in good rum
ming order.
With large increase of business the last
year over previous ones, it is confidently be-
leved that the prospects Of your road were
never SO hattering as at the present time
Notwithstanding the transportation of lumber
for the Cuba market has been very little COM
pared with former years, the whole business
al fifteen thOu-
sand dollars more than that of any previous
| year. The prospect of your road for an increase
| of business is believed to he as good as could
! reasonably be anticipated.
| It is confidently believed that when your
| road is completed from Alfred to Rochester,
| N. H., and the connections made with the
| Nashua & Rochester railroad to Nashua, N.
| H., there to connect with the Worcester &
| Nashua, making a through line from Portland
| TO New York by way OF Worcester and Spring
| field, and the anticipated connections made
with Concord, N. H., by the Concord & RO-
chester railroad, and the connection is made
with Rutland, Vermont, from Concord, N. H.,
giving you the long desired through route to
the great West which we have every reason
to believe will be done in season to meet your
road at Rochester, you will then have one of
the best roads running into Portland, and all
| your most sanguine expectations will be more
than realized. In order to meet all the antici-
pated increase of business on your road you
| will require large additions to your freight cars
| and one more locomotive.
The trains for the last year have been run
| with great regularity and safety.
| 1t is believed that the time is not far distant
when the city of Portland will look back with
1 pride and satisfaction to the time when they
lent their aid to the completion of your road,
business to it, not only from the through bust
ness to New York and the great West, but a
very extensive business from New Hampshire
| and Vermont.
Other railroads may be built running into
| Portland, but you have no cause to fear any
competition that may arise from the building
of such roads.
You have in your blacksmith shop an en-
gine lathe, bolt machine and tools Sufficient
to do most Of the repairs required" worth at
| least two thousand dollars, and in the wood
shop tools and stock valued at one thousand
dollars; wood and coal on hand, six hundred
| dollars,
0For statement of the receipts and disburse-
ments of the road for the last year, / refer YOU
| to the report of the Treasurer.
| Lewis Pierce, Esq, Treasurer of the Compa-
| nv, gave a written statement of the financial
condition of the Company, and full report OF
the receipts and expenditures during the past
year, which was accepted.
Tho Company then proceeded to ballot for
nine directors. Charles Staples, Dan. Car
pelter and Charles Robe were appointed q
committee to receive, sort and count the votes
and reported that the whole number OF votes
was 2,267, and the following persons had that
number: N. l.. Woodbury. of Portland, VIM
throp G. Ray, of New York city; John
lynch, Rufus E. Wood, Henry P. Deane, A.
a. Shurtleff, of Portland Frederick Robe,
uotnami III. j. Libby, Portland; John Nc.
Duffee, Rochester, NH.
Joseph " aiker of Portland, who has served
'ne company as director with great fidelity
and usefulness for the past two years. would
not consent to be candidate for reelection,
II. j. Libby, Esq, was elected to tab. III.
place. Otherwise the board of directors re-
| main the same.
1t is understood that arrangements are mar.
ly perfected with a company of contractors,
and active operations will be commenced i'm.
mediately on the whole line of the road from
| Alfred to Rochester. The prospects Of this
I road are very fattering.