Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1872-11-08

stock, SS94,oSo; interest, s425O,5s; loans and
credit s2O2,6S6 6S; rents, s6G6.SS total receipts,
81, 1O1 ,6S4O9
Expenses: For engineering, S3I 1874; land
damage, s1t2,SS429; interest, stO2S.64; work
done under contract, SS91 ,O2O; all other ex-
penses, S41, S76.9i total expenses, 81 OSS 4S7S1.
Balance in the treasury, SIS, 1868.
The above mentioned assessment on the capt.
tai stock is but forty per cent Of the subscrip-
ton 10 be paid in.
The report of Chief Engineer Frost shows that
the work of building the road has been pushed
forward very rapidly. Sixty sections Of the
ninety-two are being now operated. or the
thirty-two which remain unopened, two occur
in the valley Of the Quinncpoxett river, between
0akdale, in West BoylSton, and Canada Mills,
in Holden. The unopened sections comprise
little work that is not cheap and easy of con-
structon. Within the sixty miles in process
| Reconstruction, an aggregate length oil between
thirty and forty miles is substantially reduced to
grade and prepared toreceiye the ballastingIand
track
The report Of the directors, after giving de-
tails in regard TO minor points, stated that the
directors, believing 1t to he good policy to settle
by agreement the land damages as soon as
practicable, have pushed forward in this matter
with a promptness unusual in the history Of
railroads Nearly ali the land owners in the
county Of Hampshire have been settled WITH
the Intervention Of the commissioners having
been required in but four cases. The larger
portion of the damages in Worcester county
have also been settled and here very little lit-
CATION is anticipated. In Middlescx county the
same happy results have been arrived at, and
the commissioners have been called upon in but
two eases, and these Of not much importance
The report mentioned in the warmest terms the
efficiency and good management of the head
contractor, N. C. Munson, ESD, and closed by
urging upon the stockholders the importance of
arranging the matters in regard to the terminal
facilities of the railroad in Boston.
The old board Of directors was reelected
They are James NJ Stone of Charestown,
James SiOrapcr of Wayland, Charles A. Gut
ting of Boston, Francis Brigham of Hudson,
Geo. Houghton of Hudson, j. Edwin Smith of
Barre, Hiram WadswOrth of Barre, L. j. bud
ley of Northampton, b. II. Trpp of Rutland,
II
of Amherst, and L. B, Shattuck Of Worcester.
The meeting adopted the act of the last egis-
lature authorizing the extension of the road, and
also resolved TO issue bonds to complete the
road. A vote was also passed chat the di-
rectors be and they are hereby authorized to
lease or make any contracts for the use of any
other railroad or railroads, or portion thereof,
which they may deem ex Incident for cOnnpctinr
the railroad of this company with suitable
terminal facilities in Boston, and to make such
contracts for the terminal facilities by lease or
otherwise.
In relation to the subject of the above vote,
President Stone stated that negotiations were at
present going on between the directors of the
Central road and the management of ono of the
prominent railroad companies Of Boston, hay-
ing in view the arrangement of the terminal
facilities Of the Massachusetts Central railroad.
1t had been stated by rival corporations that it
would cost the Central corporation eight millions
of dollars to establish their depot in Boston, but
in answer to this President Stone remarked that
if all signs did not fail, the cars on the Massa-
chusets Central railroad would be running into
Boston in less than six months, and the price
paid for the privilege would not amount to the
legal interest on half million dollars, which
statement was received with applause by the
meeting.
AT 4 meeting of the directors, subsequently
held, Hon. James M. Stone was unanimously
reelected president, and James S, Draper, clerk
of the corporation,