The Portland daily press., 1872-08-13

Public Building to advertise for proposals to
build Ward room in Ward was taken from
the table and indefinitely postponed.
On motion of Councilman Sampson, an order
was passed directing the Committee on Public
Buildings to consider the expedieney of enlarg-
ing engine house No. l, on Congress street suffi-
GENTLY to accommodate the horses belonging to
said engine; and if they deem the same expe-
dent to ask for proposals for the work.
Petition of Messrs. w. & A. Curtis for an ad-
Justment OF their claim on the city for work on
Congress street, was read, and the petition
ers were notified that hearing would be given
ON the matter at the next regular meeting.
The order directing the suspension of work on
the Marginal Way as soon as the appropriation
is exhausted, was taken from the table and re-
fused passage, 8 to II.
Petition of Warren Hanson ct ais, for a
kerosene street lamp at the corner of Boyd and
Lincoln streets, the petitioners to light the same
at their own expense, was referred to the COM
mittee with power.
ATLANTIC & ST. LAWRENCE RAILRoAD.-The
report of the Directors and Treasurer of this
corporation were made at the annual meeting
on the 9th inst The first is of little moment
as the Directors have no part in the manage
ment of the road that belonging to the lessees,
and their duties restricted to the finances of
the company, to the maintenance of the fran
chise and to the oversight of the lease. They
report however, that the lessees have spared no
necessary expense to maintain the efficiency of
the road and to accommodate the traffic upon
Vbnyy havn tho veal or txyn na of larOalv in
creased the equipment on their line of road, are
constantly adding to it as the business requires
of all which this portion of the line has the
benefit The permanent way and rolling stock
is in good condition, and will compare well
with any of the great lines of road in the coun-
try.
: Mr. Chas E. Barrett whose duties under the
lease are confined to the share accounts and to
the indebtedness of the Company, reports:
The share capital remains the same as at the
close of the last year, viz, $685., 900, divided
as follows
1910 shares in Federal currency of 800 each s1o7 900
SO3l shares in Sterling currency OF f1O0, or
Sc Federal share rights Of si6 each SOC
Total. .......................$3,99 SO, ,994 900
1 stated in my last annual report that new
series of the Company's bonds had been pre-
pared, under the authority given by the stock
holders at their meeting, March 81, 1871, to be
issued to the Grand Trunk Railway Company
in substitution of the amount of Indebtedness
paid by the Sinking Fund. Those bonds, in
sterling, to the amount of ELY 300, have since
been delivered to the Grand Trunk Company as
contemplated
The funded debt of the Company, therefore,
at the close OF the present fiscal year, is S. 4S4
600, consisting of:
Balance OF obligations to the city of Port
land first mortgage e...................S 1871 900
2-Company's Sterling Bonds of Nov. 1,
1858, on % years. 10000 :. ...... 4S4, 1000
3-COmpany's Mortgage Bonds of Oct. 1,
1864, 500 Sterling e3O9.9OO ......... 1,499,91e
4-Companys Mortgage Bonds of May 1,
1871, 500 Sterling, e147 300, or...... 1882
5-Sma amount due exchange of cur
rency into sterling to balance. ........... 1872
Total l.,............ ......... S3,4Si,0OO
There is still a small amount of the bonds is
sued in 1851, outstanding, not yet presented, for
which the money is at the control of the Treas
urer, to be applied to their payment when pre-
sented. have no means of tracing them The
usual dividends for the year have been paid
from monies received from the lessees, two of
two per cent. each
The Commissioners of the Railroad Sinking
Fund Messrs G. 4. Barrett and S. L. Spring,
submit their annual report of the condition of
the fund for the year ending July 81, 1872 This
fund was established by the act of March 8,
1868, for the reimbursement of the balance of
the obligations of the Atlantic & st. Lawrence
Railroad Company to the City of Portland
The following is the statement of the in
creasement of the fund fIom the beginning: