The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1873-02-26
MATTERS In MAINE.
The Maine Central Railroad.
DIRECTORS REPORT.
Especial to Press. !

Especial to Press.l
AUGUSTA, Feb. 25.-The report that Judge
Rice, President of the Maine Central Railroad
Company, will present to the stockholders to-
morrow, contains many matters of interest.
The receipts of the road for the road for the
year 1871 were 81, 566, 21O.25 For the year 1872
they have been 81, 1856, 90, showing an in
crease of $370,269.O4.
The operating expenses for 1871 were S1O94,
63S.97; net earnings for 1871, SAL, 5712o. Ihe
operating expenses for 1872 were $l,329 GIL 30 ;
net earnings for 1872, $500, 1897 so, showing an
increase of net earnings for 1872 of $135, &c., g.
The receipts have been-from passengers
sS77, 70; from freight S947, So5 10; from 9TH
err sources Sill ,265.3S
The number of miles run on passenger trains
has been 532,SO7; on freight trains 1891, $40; on
wood, construction and shifting trains 25S, 1856
Total miles run 1,1S6,SS3. The average cost
per mile run was 81 r.
The number of passengers carried have been
672,2l5. being an increase of S7,70S, and show
ing combined ,ravel of "a ,93O, 491, one mile
The average distance travelled by each passen-
ger was 81 miles. The earnings from passengers
per mile have been 1.64 % cents. The average
price per mile for passengers is IL cents
The number of tons of freight transported
has been 359, CSC, being an increase of 1889
tons showing a combined transportation of 81, :
O34 946 tons, at an average of IS $500 per mile,
or ~ cents per ton, per mile.
Among the expenditures Of the year $116,-
3037 was laid out ON bridges, $27 ,413.57 to
make the new connection at Waterville, $780,
22S. % on stations.
Accompanying the report is map of the
Maine Central with its connections. The ex-
tent of the present line is 357 miles, and by
consulting the map, it will be- seen that the
'Child of the State" spreads over its surface
like an open hand. Judge Rice finds at one
end of his road the finest harbor on the con-
nent, at another terminus the greatest lumber
market of the State, and at the ends of the 9TH
er fingers populous and grow. ng towns sustain
ed by hundred growing industries, while all
along its line are popnlous towns, unsurpassed
water power, fertile farms and quarres of gram
lite.
The report states that:the close of the second
year of consolidation demonstrates the wisdom
of the policy and adds that no wise man (rail-
road of course doubts this. The Board, however,
laments that law is needed to permit the tech
meal dissolution of the corporations of which
the united company is composed. The direc-
tisn think that such an act would be perfectly
safe and would be much more convenient.
The directors have looked rather to the per-
lection of their road than the declaration of
dividends; but they trust that they will be able
at an early day to begin to pay dividends.
The report devotes some space to the Boston
& Maine trouble, which it calls 'put up job
and gives its management a bit of advice, which
being given in the best style of Judge Rice,
that corporation should make haste to heed.
On the whole, the Maine Central is in more
prosperous condition than ever before in its
history
Fire i'm Harrington.
FARMINGToN, Feb 25.-The house and out
buildings of Seldom Knowlton in this town,
were consumed by fire this morning. Loss
about $4,000. Mr. X. was keeper of the town
paupers, and had several in the house. Nearly
all the furniture was destroyed.
[By Associated Press.I
-,.,, Vessel Lost.
EAsTPoRT, Feb 25.-The schooner Adde p.
Stimson, lost on Wood Island, was owned by
parties here and at Campbello, and for several
years had run between PASSPORT and New
York.