Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1873-06-07
Boston. Concord and Montreal
Railroad Meeting.

81 the boston, Concord and Montreal
Railroad mas called 20 order in the
Congregational meeting house in Ply
mouth, on Monday afternoon, at half
past two o'clock, by J. f. Lyon,
President of the road. The call for
the meeting was read by Mr.. George
Il. Lane, of Laconia.
Mr.. Lyon then presented the annu-
al report of the directors, and made
some explanatory remarks upon the
condition Of the road. The report
states the earning of the road, during
the past year, to have been 500, 34S.-
rs, and the expenditures 1888, 633.90,
leaving a'ifet' balance of S131, 7t4.S8.
The report showed an increase in
passenger receipts and small reduc-
ton in freight receipts. The latter
was owing to dlsarrangement of BUSH
ness by the loss of the bridge at East
Concord, and to severe weather and
deep SHOWS last winter. The road has
laid 1916 sieepcrs, put in 1875 tons
of new 56 lb.iron, and taken out 74S
tons of light iron, and put it in to the
extension beyond Lancaster. They
have added to their equipment two
first-class engines, two frst-class
monitor-top passenger cars, and one
baggage car; have purchased twenty
five adjustable platform cars, and
built in their shops seventy platforms
and box cars, and made full and am
pie repairs upon all engines, cars etc.
Two dividends, for the year, on the
Preferred Stock, have been paid.
Agreeably to the authority given
the directors at the annual meeting,
they have made ali agreement to. have
the branch road extended from
Peirce's Bridge to the Twin Mountain
House, and hope to HAYS it done by
July 1st.
The union of the White Mountains
On. II. Railroad, with this corpora
ton, has been accomplished on the
terms proposed in the vote at the last
annual meeting. The stock holders
of that road concluded to take the
bonds of this company in exchange
for their stock, as authorized by the
vote referred to, and the stock will be
surrendered for cancellation accord
ingly.
The road above North fIaverhill has
now become infull part of the Mon
treal road, and all the interests of the
line from Concord to the White Noun
tains, and Northumberland, are united
under its control and management.
Heretofore this company has been
under the necessity, in a great degree,
Of acting through another corporation.
in the protection its interests and
the extension Of its enterprises and
business in Northern New Hampshire
but, hereafter, all the embarassments
and difficulties Of such a position will
be avoided, and the company can act
directly, and fully act, for ITSELF. In
pursuance of authority, the directors
have determined to make q new issue
of bonds to the amount authorized
and to secure the same by q mortgage
of'all the read, equipment and fran
chises of the company. The bonds
will be ready for issue in a short time.
The main object of this issue is to
consolidate all the various classes oil
bonds and other indebtedness now
outstanding against the company in
to one.
No action has been taken to carry
into effect the consolidation Of the
different CLASSES of stock of the com.
pany, as contemplated, further than tc
obtain subscriptions. This delay has
been unavoidable, not on account Of
objections by the stockholders to the
plan, but in the reaching the large
number of them, for the purpose Of
obtaining their signatures.
The corporation will have from
Concord to Northumberland, and The
branch when completed to the Twir
Mountain House, road of t55 miles
one they think very important for the
interests of the State Of New Hamp
shire, and the securities of which they
consider will be very desirable as al
investment. The directors have hat
some surveys made for a road from
Meredith Village to Center Harbo
and Ossipee, but they are not quit,
satisfactory. They will have furthe
ones made, and if the proper aid b.
rendered will try to build the road
No accident to person or propert,
had occurred Of sufficient importance
to be recorded.
A ballot for directors was hat
with following result, each membe
receiving the whole number cas-
(7165,) with one exception. John f
Lyon, Boston Alexander H. Tilton
Tilton; Joseph p. Pitman, Laconia
Peter Butler, Boston; John L. Rix
Milford John A Parks, Boston
Joseph W.Lang, Meredith.
Col. Asa p Cate, Chairman of tn
Committee appointed to consolidat
all claims of stock, was called upoI
and reported the progress the com
mittee had made. The meeting the
adjourned.