The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1873-10-02

Inc foregoing statement SHOWS the tdIHiHRs
of the road during the past year, and the
financial condition of the Company August
81, 1873. The earnings have increased $ll,-
O49 81 The expenses (including the differ
ences in amount of material on hand as COM
pared with last yeai) have increased 1921
81. This increase has resulted from the re-
building of the pile bridge over the mill pond
at Portland, and the extra cost Cover any pre-
vious year, of removing snow and ice from
the track. Deductng these two items and
the expenses would have been less than the
previous year.
Special Improvements made during the year
are as follows:
The erection of water tank and providing
a supply of water at Lebanon Station /; the
erection of wood shed 20xl50 at Rochester.
A turn table has been put in at Gorham
and the old turn table at Portland has been
replaced by new enc. The Improvements
commenced last season upon Saco River
Bridge have been completed, and the pile
bridge over the mill pord at Portland has
been rebuilt with oak piling and pine timber.
All the bridges the lime now in fist
rate condition. Four and one Gig hths miles
of new fencing have been built on the line #
the road 1920 feet of new side track put in
at stations, and 81 tons of new rails and 747S
oak and cedar ties laid. The track has been
htpl III SOOu ItpdlT tic puiuo IuH as
regularly as those on any road in the State.
Number of miles run during the year:
Passenger trains, 70 0l0
Freight TAIN, A. a7s
Wood anu gravel trains lOl
Total, l34los
Passengers carried, 1896
Tons oil freight carried, 6i29O
No passenger has been injured upon the
road during the past year, Charles D. Whit
ten brak on the freight train killed
on the l4th of November last by coming in
contact with the highway bridge under which
his train was passing between Springvale and
Alfred No.other serious accident has hap
pened to any of the employees of the road
The expense of operating the road during
the last winter was largely increased while
the earnings were considerably diminished in
consequence of deep SHOWS and the~unusual
severity of the seasons which prevented the
lumbermen along the line from doing the
usual amount of winter business.
Work on the Marginal Way which at the
time of cur last annual meeting had been
suspended on account of the appropriations
made by the city for its construction having
been exhausted has been resumed and is in,
such forward stBte, as to warrant the hope
that it will be finished to width sufficient
to enable US to extend our rails to a connec-
ton with the Grand Trunk Railroad during
the present season.
In order to insure the completion of this
work 50 important to the interests of your
road it became necessary for the Directors to
assume the contract for its construction. The
price to be paid by the city under the contract
for finishing the roadway TO a width of As feet
at grade between Tukey's Bridge and Goud's
wharfin Back Cove and building substantial
pile bridge between Tukeys Bridge and the
n =. a a. II
dollars (5000O) and it is believed that this
sum will nearly if not quite complete the
work
The want of the connection with the Grand
Trunk and the water front of the civ which
the Marginal Way is designed to afford has
deprived your road of large amount of BUSH
ness which such connections would have Sc
cured. The advantages to be derived from
the construction of the Marginal Way will be
very greatly augmented when the change of
guage now being made by the Grand Trunk
to the width of the New England roads is
completed By this change of guage. which
will probably be made witrin year, the cars
OF each road can pass INTERCHANGEABLE on the
track Of the other and thus save all expense
of reloading
The Nashua and Rochester Railroad IL now
being rapidly extended from its connection
with your road at Rochester toward its
Nashua connection with the Worcester and
Nashua Railroad. This road will be open for
business the first of December and the whole
line will probably be completed by the first
of July next. The extension of this line to
Epplng will by the connection with the Con-
cord road at that point give to our road the
advantages of direct communication with
Manchester. Concord and other New Hamp
shire towns and must add materially to our
business in that direction well as enabling
US to command fair share of western BUSH
ness.
But it is only upon the completion of the
entire line connecting your road with the
Worcester and Nashua railroad and through
that road with the great lines to the south and
west that those who have SO long, under so
many disepuragements, and against many
obstacles, pesseyered in extending the road to
Rochester and maintaining il until connec
tons with the lines referred to are made can
expect to reap the reward OF theif Efforts;
We congratulate you thar the time when your
most sanguine expectations are likely to be
realized is apparently now so near at hand.
For the Directors,
JOHN LYNCH, President.
The reading the report of the sinking fund
was omitted, as it had been published in the
daily papers. 1t gives $45,479Ss to the
credit of the company.
The report of the directors was accepted.
A stakeholder inquired what the salary OF
the President and Superintendent OF the
company was. Tn President informed
him that of the Superintendent was $4,000 pei
wear. That of the President, which included
the salaries the Vice President and tempo
-ary Superintendent of the Marginal Way.
was also $4,000. leaving the President salary
of about $500.
Messrs. Ezra Carter and Dan Carpenter
were appointed a committee to receive sort