The Portland daily press., 1872-12-12
Annual Meeting of the Boston & Maine
Railroad COMPANY.

The annual meeting of the stockholders of
the Boston & iIaine was held in Lawrence yes
terday, President White presiding.
After some prelimnaries a committee was
raised to receive, sort and count votes for nine
directors.
Charles F. Choate, Counsellor of the corpora
ton, in behalf of the Board of Directors offer
ed the following, which was adopted:
Voted, That the Directors be and hereby are
authorized to issue the bonds of this Corpora
ton to an amount not exceeding fifteen hun
bred thousand dollars, payable not more than
twenty years from date, with interest at per
cent. IN currency Or per cent. in gold, per an
num, payable semi-annually for the purpose of
providing means for the completion Of the road
to Portland, and of funding the floating debt of
the corporation.
After some discussion vote was passed au-
thorizing the directors to lease the Lowell and
Andover railroad upon such terms as they shall
deem advisable. provided that the net amount
to be paid by the Boston and Maine Railroad
Company shall not exceed per cent. per an
mum upon the actual cost of said Lowell and
Andover Railroad
The Hon. d. Northend of Salem, said thathe
had come into the meeting in the interest of
peace, and offered the following resolution:
Whereas, opportunities for competition be-
tween this company and the Eastern Railroad
Company have largely increased, so that it is
now i'll the power of either company to pursue
such course as will inevitably result in the Sc
rlous depreciation of the property of both, and
in the end prove prejudicial to the public in
terest; therefore, we, the stockholders Of the
Boston and Maine Railroad would hereby ex-
press our earnest desire that all unreasonable
and Improbable competition be avoided by the
I'm aY,iac and hats oh,
sonable understandings and arguments be had
and made between said Boards of Directors as
will assure to the public every reasonable ac-
commodarion and give to the respective COM
panles proper and just compensation for fur
n1shng the same.
After brief discussion the resolution was
voted down by decided vote.
The following was unanimously passed.
Voted, That the Directors of the Boston and
Name Railroad be and are hereby authorized
to build or lease a road from Danvers to Salem,
or from any other point on the line of the Bos-
ton and Maine Railroad, to places on the East
ern Railroad where the inhabitants desire a
connection with the Boston and Maine Rail-
road.
The committee appointed to collect sort and
count votes for directors, reported that the
whole number of votes cast was 16,753 and the
following old Board were reelected; Nathaniel
&. White, Lawrence; E. j. NJ. Hale, Haver-
hill; George O. Lord, Boston; Amos Paul,
South Newmarket n. HI. John E. Bickford,
Dover, N. H.. Cyrus Wakefield, Wakefield; N.
j. Bradlee, Boston.
The President stated that the rails of this
corporation now connected Boston and Port
land, and it was hoped that freight trains would
be run over it by the first of January. The ex-
tension has cost thus far $2,65s, ga. 10, and it
can be finished within the sum of three mil
lions
On motion of Mr. Edward Appleton of Bos-
ton, it was voted that the Directors be author
of the road to such points as will receive and
regain business detected from this road by the
branches of the Eastern Railroad