Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1873-12-18
Boston and Name Railroad.

The annual meeting Of the Boston and Maine
Railroad corporation at Lawrence. M. oil
the 10th inst, wa, one Of unusual interest. in
consequence OF the important question, in.
VOWED in the future management of the road a.
regards It's own interests and those OF the
Eastern company, long il, active and un
firing antagonist There were also questions
OF economy resting in the mind, Of many sma |
owners in the corporation. and growing out Of
the unexpected heavy expenditures Of the
company in building the extension 10 Portland,
which brought an unusual lar;" attendance,
and gave indication, 81 hyrly interest
At the opening Of the meeting it WAS aI-
parent that a party, taking advantage Of the
feeling of excitement, hal entered the field with
an opposition ticket Ia the Old Board Of
Directors, with some hope Of success The
impression that this interest was running in
the. direction OF union with the Eastern road
united with the conviction. in the minds o.,
those best posted. that there WAS Il lurking
interest in favor Of the Eastern road waiting for
favorable opportunity Ia show itself. led to u
hearty and early concentration in support OF
the old Board and such others a had been
placed upon il To ill the Vacancies caused by
the resignation Of Messr-. Hale and Bickforti
and the death Of Mr. Wakefield. The result
WAS the election of the old Board with the
substitution Of VIM. ;. Steven. Of Dover
James Il. Nichols of Ilaverhil. Jsnn +. Osgood
of Boston, 10 ill Vacancies, and, in addition,
Samuel +. Spring of Portland, and Nathaniel
W. Farwell Of Lewiston, to represent and
look after the extended interests of the road
To guard against being sold out or bargained
out. at an early stage Of the meeting, Mr. vii
liam &. Means, Of Andoyer, said we didn't
know anything about these men and their
policy. lie in favor Of making manifest
the policy Of the stockholders, and for that pur-
pose he offered the subjoincd resolutions:
ReSoiced. That the true policy Of the b. &
NJ. road i 10 Keep entirely clear Of all cntang-
ling alliances with the Eastern X. r.. and that
our directors and attorney now present and
prospective, be and hereby are, instructed To
Use their best efforts and incur all needfu ex-
pense> To prevent any consolidation schemes
Whatever being carried into effect, whether bv
legislative enactment leasing the Eastern X, |
r., or being leased by them or i'm anv other |
form whatever.
Resided, That the cost of the extension of |
our road into Portland has been more than was |
anticipated. Yet we have undiminished conf |
dence that by careful and economical manage |
ment, il will in the future in the past, pay its
stockholders fair and reasonable dividends, and |
with which they will be satisfied.
He introduced the first resolution because of |
the rumor that there had been movements look |
Ing towards the lease Of one Of these roads by |
the other. He not mean to prevent the |
directors from en- ering into any proper arrange
nent with the Eastern railroad for freight but |
he thought the roads should be separate,
lnsomueh as the management Of the Boston 4 |
Maine Railroad is better than that of the Eastern
Railroad. He closed BY moving that the reso-
buttons be adopted, and the motion was declared
to have been carried.
Following this action the election of directors
took place resulting in the choice Of n. G,
White, Geo. C. Lord, Amos Paul, n. j,
Brodlee, VIM. S. Stevens, James X. Nichols,
John F. Osgood, Samuel E. Spring, Nathaniel
W. Farwell. There was no extended debate
upon any question, but pertinent remarks were
made by several gentlemen urging the strictest
In management, and counseling en-
irely separate existence from the Eastern road
70 far rs entanging alliances or consolidation
$ concerned. 1t was urged in strong terms that
he public interest in Maine, east of Portland.
demands q union of interest between the roads
n that section, and the Boston and Maine to
he extent Of opening an unbroken connection
or freight and travel over the Northern route
rom Bangor to Boston. az
Bearing upon this point we subjOin the fol-
owing from the Haverhill, Mass, CORES.
Ondent Of the Boston Herald of Dec sth, as
overing points Of interest to that section as |
lso those Of the people Of Maine:
The warfare Of the Eastern Railroad upo
ne Boston and Maine road, which has SO long
xisted, is becoming a constantly increasing
inject Of interest here, and apparently to the
afrons OF the upper route generally; but TO no |
more than this, IS whole, are the
uestions at issue more important or the at
ndiRg difficulties more palpsbly felt. The
,ftlsal Of tie Maine Central, controlled by the
astern road, TO make connection with the BQs- |