The Portland daily press., 1870-01-19
Terms $500 per onn,n, IA, ,y,1rce

| close proximity to our road
most available sites .or sumne.s sonle y. 'ne
country seats or pleasure resorts q, tesius 'cSsI
found in New Englapd-where bn, nn1a. ~ San pe
rock and forest combine with the macn,s! sua!
views up the long reach of the GRIND I,t,a 'erl
attractions that cannot be surpa sed. 0Ds'
From here we pass by an easy line IN ,ho
Saco river at steep Falls, power of over tor,v
feet in height, already improved by the e,ec'
tion OF saw mills, box machines, &C., but NOT
one tenth of the power employed. Thence
up the east bank OF the Saco, though baldwin
and within the fraction of mile OF The
mouth Of the Ossipee river, bringing US to Ibe
very outlet OF the business and product ops OF
the towns ard VILLAGES on the Great OssIpee.
W Il absolute y no ride to over ONE In reach.
ing our road rom tue river valley. Thence
up the valley of the Saco about two miles TO
the Great Falls in Hiram and Baldwin whose
volume of water Is equal to 10O,U0U cubic feet
per minute, with descent oil over seventy
two feet in distance OF firy.five rods with
bed and shores of ledge and banks most adj
Ventaeeous for setting mills and factories.
The power entirely unimproved and within
th:rty-two miles OF tide wafer A short dis
tance further on we cross the Saco, and push
lug up the west bank through the towns If
hiram and brownheld, crossing Shepcal Iiy-
er near us mouth aud within about q mile OF
the village OF Brownfeld where the power up
on the river Is already improved, TO the rlch
and beautiful town Of Fryeburr-brjnoinO
within striking distance OF our load a oresf
number OF lesser water-powers or the MANY
streams which drain the county from tbs
Lake to Fryebury, all Of which viii be- made
availaoie ior the smaller class of Eanufacto-
RES which will spring up thereon when means
OF transportation shall be afforded for their
products.
After making the location of our road four
teen miles OF il we've put under contract 10 Mas
srs. Fuller & Harding; who, entering upon the
work under the Immediate direction of Mr.,
w. II: Harding, with promptness and eperpy.
guided by an intelligent and skilfful under.
standing of the work TO be accomplished, have
already graded more than eight out OF their
fourteen miles.
The remaining portion of the line, viz:
nom the lake to Ffyeburg, was subsequently
contracted for to Messrs Wilson, Tenant, Ho-
Gan d Co., who have c0mmenc d Vigorous
prosecution of the work. But 10 avoid a usa.
less repetition OF the details Of this branch of
our work, wild refer you 10 The full report Of
our Engineer, herewith submitted.
For The same reason refer you to the re-
port OF your Treasurer for information as iothe
financial condition OF the Company; merely
femarkng that "wing 10 the rapid progress of
the work and the energy with which 1t lis now
oelng pressed forward, it will be necessary 10
call for assessments at shorter interyals for
tue next two or three months thar hereto
iole. A ready response on the part of our
Stockholders will greatly facilitate the object
sought 10 be accomplished, viz: the early
opening OF our road to passenger and freistt
traffic.
In conclusion, allow me to say that your
Directors have been mole than pleased with
the resa OF the past years labor; aud look
forward with more confidence than ever be-
lore to the accomplishment of the great work
you have undertaken. Another summer will
find our cars running 10 the lake, and before
another yearly meeting the ais can be lsid to
the village of Fryeburg. Our friends IN Yer
mont are moving steadily on with their work,
sixty miles having been put under contract;
and with the same determination heretofore
display ed on both divisions OF our road, and
with the good will and aid of our own enter
prisng citizens TO encourage US. we may cou-
hdently expect within reasonable tlme 10
unite our rails at the Connecticut river.
SAMUEL J. ANDERSON,
Pfpstdant