The Portland daily press., 1871-10-05

road and its equipment, and by the liberal ac- |
ton of the City Council, in placing tie mort |
gage upon an equality with that held by the |
city, they were enabled to negotiate them at |
less discount than was made upon the mn
nicpal bonds received from the CITY in aid of
the road
Upon the opening OF the road to Rochester.
favorable contracts were made with both the
Eastern and Boston & Maine Railroad Com
pahles, not only for business upon the line of
tnelr roads between Rochester and Boston,
put also on the Great Falls & Conway and
the Dover d. Winnepisseoeee railroads, which
are operated by said companies. Both OF
these companies have met us in the most lib
eral and friendly spirit and have afforded every
1aclllty to enable us to transact business Win
them advantageously. The arrangements
with the roads referred to, have necessltated
not only large increase of rolling stock to
meet the requirements of largely increased
business, but also such an improvement OF
the old part of the road-between Portland
and Saco river-as will induce prompt con-
nectons with trains on the roads at ROches-
ter.
This old part of the road requires not only
the ordinary track repairs to keep 1t up, but
for the reasons referred to, such constant i'm
provement as will be equivalent to its recon-
struction; and we have no doubt that true
economy requires it to be Immediately put in
as good condition as the new part OF the road,
This done, the running time of our trains can
be considerably shortened, and the annual
expense for repairs OF track and rolling stock,
materially reduced.
The increase of business Immediately upon
opening the road to Rochester, has been I'M
expectedly large, and the passenger traffic can
be greatly, augmented by shortening the run
| ming time of the trains.
We now take most of the business, both
freight and passenger, between the country
| north OF our line between Portland & Roch-
ester) and Boston; and by reducing the run
| ming time, so that passengers can go through
via Rochester, on the same time as by ACCOM-
| mediation trains of other roads, we shall, on
| account OF the convenient location of our de-
| pot in Portland near the heart of the city, and
the attractiveness of our route, command a
air share of the through business between
| Portland and Boston.
| We shall also secure a large pleasure travel
| during the summer months, to those attract
| i've summer resorts in the vicinity of Lake
| Winnepiseogee, and from TIE large interior
towns reached by our road, to the sea shore
| at Portland.
Immediately after opening the road to
| Rochester, the increased demand for cars, to
| Load heavy freight on the trout side of the
city, induced us to look tor better facilities for
| reaching that point than we now command.
The expense, and the detention of cars con-
sequent upon passing round the west end OF
The city over the Maine Central and the p.
). & L. railroads, led US to look for accommo-
dations at the east end where we would con-
meet with but one road, and where we could
get direct and Independent communication
with the deep water of the harbor, on long
line OF water front unobstructed by bridges,
within less than mile of our passenger depot.
Favorable terms having been obtained from
the Grand Trunk Railway Company, an APP
| pllcatlon was made to the city to construct
that portion OF the marginal way which had
been laid out between the foot of Franklin
Street and the Grand Trunk Railroad bridge,
and to permit the laying down of our track
| upon it when completed.
The City Council, after full presentation
OF the matter, and the unanimous report of
its committee, that the business demanding an
outlet by this new avenue warranted its i'm
mediate construction, voted the necessary ap-
preparation, and the work has been put under
contract to be completed early next spring.
The facilities afforded to us by the opening oil
this marginal way, will Immediately and
| greatly increase our business, and will be OF
lncalculaole advantage to our road when
the contemplated connection with the
| Nashua d Rochester and other railroads
| leading west from Rochester are made
The track between MorrilPs and WOodford's
| has heretofore been used in common by the
Kennebec d Portland road and our own but
The increase in the number of trains running
over it made the risk too great to be Longer
hazarded, and the road bed has been widen
ed, and an additional track laid down, so that
the trains of each road now run upon its
own rails
| BY general law passed at the last session
OF the Legislature OF this State railroad COM
| pan'es are authorized to construct branches
nom the main line to mills and manufacture
ing establishments within the limits of any
town through which such lines may pass.
There are Some points on the line of our
road where the building of such branches
| would give us considerable business and al
the same time would of themselves more
than pay the interest upon their cost. A
branch, from some point OH our road at OF
near Saco River or Buxton Centre to Moder
atom and Benny Eagle, is of this character
and can be cheaply built. The freights fur
nished by the lumber and other mills at these
| points, at the present time, is sufficient to
| pay good dividend upon the cost of the
branch, while considerable business which
has been diverted from us to other roads
| would be regained, and the increase of bust
ness which naturally follows the opening up
OF new railroad facilities is an important CON
sideration in favor Of the improvement
The lumber manufactured at the points
named is limited TO the present facilities fol-
transporting it by teams, and would be ma
terially increased by the building of the pro-
| posed branch. The amount of business al
Moderation and Bonny Eagle is now as large
as that OF Bar Mills, which is an important
station. The people along the line of the
1 proposed branch are very DESTROYS that it
shall be built and offer to aid literally toward
its construction by grants of rights of way,
and subscription to its stock. The advantages
| to be derived from the construction of this
| branch appear to us to be so important, that
we hope authority may be given for under
| taking the work, as soon as the people along
| the line who are to be benefited by it, shall
| furnish the promised aid toward its construc-
| ton.
The commencement of the Nashua'& Roch-
ester Railroad, the building of which, we re-
| gard as OF great Importance to our road, has
been delayed in consequence of defects in it's
charter which required legislative action to
| remove, and by conditions in regard to sub
scriptions, requiring nearly the full amount
| necessary for its construction to be subscribed
| before the work could be commenced.
ehave assurances from ITS officers that
| all necessary amendments have been made to
| the charter, and that the needed amount for
building the road, is assured by the PROPOSE
| ton of the Worcester & Nashua railroad to
| lease it when finished.
1 AhN DiSSoOio stiO db luC pICScub lille eA-
aiming the different 1outes surveyed for the
| purpose of determining definitely upon a loca-
ton OF the line, and they assure us that the
| work will be put nnder contract either this
fall or early in thelcoming spring.
The interest taken IN the Nashua and
Rochester road by the Worcester and Nashua
Railroad Company may be seen by the fol-
lowing extract from the last annual Report of
the Directors of that company. They say:
"The Nashua and Rochester Rail Road is
an enterprise closely connected in interest
with this company. 1t is practically an ex-
tentlon OF the Worcester and Nashna Rail
road from Nashua to Rochester, where it
will connect with the Portland & Rochester
kall Road. Near Portland, the Maine Cen
lral Rall Road, which controls largely the in
land carrying trade of the State, makes
junction with the Portland and Rochester
Rail Road, giving that road the first chance
at all the business going south and west of
Boston, and an equal chance at the Boston
business, it being only few miles further
from the junction, via Rochester and Nashua
10 session, than caG Portland, over the Maine
or Eastern Rail Roads. The Directors of
this Company believe it to be for the interest
OF It's stockholders, and would recommend
them to subscribe literally both in their COR
pofate ana individual capacity, to the capital
stock OF the Nashua and Rochester Rail Road
Company.
Acting upon this recommendation the
stockholders have authorized a subscription
OF two hundred thousand dollars to the stock
which has been largely increased by their in
dlvldual subscriptions, and the directors now
propose to lease the road, which will Jesuit
IN making all these roads a through line, in
one interest, and ultimately under one man.
asement from Portland to New York.
The Treasurers report, hereunto annexed,