The Portland daily press., 1872-01-09
The Eastern Railroad-summary0 of the
Inst Annual Report of the Direcfora.

The Directors of the Eastern Railroad corpo-
ration have lately issued their 37th annual re-
port, containing review of the business done
by the company during the past year, also in
teresting statements of the many Improvements
which have been made and are yet to be made
The result of the investigation into the disas-
trous calamity at Revere last summer, made by
committee of the Board, and which has al
ready been published, is reprinted
In regard to general Improvements, the fol-
lowing facts are shown In the aggregate, 3174
tons of rails have been laid down, together with
56,697 sleepers or tiers The cost of these was
about $250,000. New side tracks and turnouts
to the extent of about three and a quarter
miles, have been laid The pay-rolls for labor
in gravel trains and laying new track, amount
ed to 1888, 1860. The rolling stock has been
increased by twenty new passenger cars six
baggage cars, thirty long box cars, forty plat
form cars and fifty coal cars. Nine new first
class engines have also been added and the to-
tai amount of this augmentation of rolling
stock is about $275,000.
Various improvements have been made at
different stations along the road. New stations
have been erected at Marblehead and Ames-
bury, new brick engine house at Newbury-
port and new turn tables at the latter place and
at Middleton. At Portsmouth new engine
house and coal sheds are being built ON land
purchased for the purpose. At Lynn tract of
land has been purchased for station purposes at
a cost of 100000, and the depot is we'll under
way. A large portion of the bridge between
the Fitchburg railroad crossing and Somerville
has been filled with solid embankment at an
expense of $14, 642,25.
The double track has been extended from
Beverly eastward, and will soon be completed
as far as Ipswich, nine miles. The expense of
this work, so far, has been $11S471.
A separate contract has been made with the
Portland Saco and Portsmouth Railroad, in
creasing the rent or dividend of the latter to
ten per cent. annually, instead of six. A con-
tract for twenty years has also been made with
the p. s. and Z. Railroad, and the Maine Cen
trail, looking to the facilitation and cheapness
of communication between Boston and the
East
In view of the large OUTLAWS heretofore made
and those to be required for new rolling stock,
side tracks, depots, &C., and also of the COM
ing due of the 1872 bonds for $3.50, 900 in gold,
which occurs in few months, the directors
recommend that authority be given them to is
sue bonds to an amount not exceeding 81 ,5OO,-
900.
The work upon the extension of the Ports
mouth, Great Falls and Conway Railroad has
been pressed with energy, and forty miles of
tracks have been laid through the different
mountain regions of New Hampshire.
Between Conway and North Conway the
work will doubtless be completed early next
season. The expense, so far, for construction,
has been 1850, 900, of which 100000 has been
paid in ON stock issued year ago. q
Inc financial statement shows that during
the past year. the receipts from passengers,
freight ire expresses, " $. mails, &c, were ST.
S41 ,324.09 This, with the propertv account
makes the total receipts 81, $50, 965Oi. The ex-
penditures for coal, wood, maintenance of wav
locomotive power, station and mail expenses,
insurance, taxes, &c, were $1,108,2l9.65'
Balance of receipts over expenses, sos, 745 SO.
The number of miles run was ,199 81 pas
sengers carried 4,035, 4S2; tons carried, 578,-
199.
The statements show that the increase in or
binary revenue over that of 1870, was S122,-
568. 50. Although the business has largely in
creased every dollar of the increase, and more
too (as the directors claim,) has been expended
upon the road itself, in its operation. repairs
and improvements, of which the public and
fit