The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1874-10-08

the year ending August 81, 1874:
RECEIPTS.
1s72-7s. 1894
From passengers, $56,se7 s. $5s,417 IS
g freight, SOIL 81 1854 II
g mails and express, 4.365 so 5,O5S OS
&C miscellaneous income, 1925 II 1859 Al
s142,57O 50 s15s8ss IS
Increase, $l5,S17 81.
EXPENSES.
Repairs of road s24,e51 es s22,5O4 40
bridges, 2.S43 SO 2,l76 81
l leoseS 7 7I IS 81 81 g
Repairs of freight, passenger
and baggage cars, 1888 OF 6,226 IS
penses, 1912 90 1884 40
Fuel, l7,430 50 2S,649 66
Taxes and insurance, $50 50 S65 26
General and incidental eX-
penses, including salaries,
ages, .&ss Nc, p-ie' N'''' 1o,sol 81 1902 "A
watchmen and swtchmen, s,iiO 81 3,626 81
Stations and buildings, 9,747 % 1914 46
Interest other than bonded debt, 1880 90
slol ,595 4e Ill, 100 66
LEDGER BALANCE.
Capital Stock, $636,111 sc
City of Portland Bonds A. 100000 90
" (" b, $4,000 90
Portland and Rochester
Bonds, rs, 100000 90
Loan Loan secured C. red by City Bonds '' -
and Nashua and Roches-
-$2, 19O,Oa2 IL
CONTRA.
ment, s1,931,4 Al
New cars and locomotive, 1915 80
Profit and loss, 1861 43
Sinking Fund A, $1,000 90
w. H. Frost, 100 90
Nashua and Rochester 49, :.
Cash, and due from agents, -, :,
&C., 13,62S 50
Whole number of shares issued to stock
holders, $500
EQUIPMENT.
The rolling stock in service upon the road
consists of locomotives, passenger cars, l
mail and smoking car, baggage cars, so box
cars, saloon cars, 81 platform cars, II Sec
ton hand cars, II section rail cars, l snow
plow, l dummy engine and car.
Of the above, one lecomotive-the Worces-
ter-and thirty platform bars are leased, with
contract for purchase, payment being made
in monthly instalments, in amounts which
will leave them the property of the company
in about five years from the date of the lease.
MATERIAL ON HAND.
40 tons of old rails, $3.50 90
Iron and steel, 6Sl so
New wheels and aXles, 1,O4O 90
Metal and car springs, 1913 90
Lumber, BAT 90
Store room, $50 90
1000 cords of wood, 1000 90
sss3I so
Value of material on hand Aug. 81, 1873, $49274O.
1t will be seen by the foregoing that the
gross earnings of the road have increased
$15S17.S7 and that the expenses, deducting the
excess of material over the amount on hand
Aug. 81, 1878, $3,4O410, and $4,000 paid on
account of old claims against the road, are
$5,224.10.
NUMBER OF MILES RUN DURING THE YEAR.
Passenger trains, S5997
Freight trains, 50,7l0
Wood and gravel trains, 1902
Total 1S9, 799
Passengers carried, 1868
Tons of freight, 66,065.
Of the above number of passengers, 1858
were carried in and out of Rochester.
No accident causing injury to passengers
or loss of property, has occurred. No pas
senger train has been off the track, nor has
any employee of the company been seriously
injured upon the road during the year.
MISCELLANEOUS.
The Marginal Way has been completed suf-
fcent for the purposes Of our road, and
track laid and furnished its entire length from
our Portland station to the Grand Trunk
Railway, distance of one mile. The Sec
ton of track between Morrilps Corner and
Cumberland Mills, formerly one of the worst
sections in the road, has been raised twelve
to eighteen inches with gravel, portion of
the old iron replaced with new, and the bal
ance put in good order, making the entire
section one of the best in the road. The only
other section of the road in bad condition
in Hollis-is undergoing like improvements,
and will be completed this fall. Shaker
bridge in Alfred, has been strengthened and
repaired with one hundred oak piles of the
largest size, and a corresponding amount of
pine caps and stringers. Five miles of new
fence have been built, ninety tons of new
rails and 12,2O0 oak and cedar ties laid.
The earnings of the road, not being sutfi-
Gent to pay the interest on the whole funded
debt of the company, we were obliged to
ask an extension of time in which to pay the
interest upon the bonds Of the city of Port
land, issued in aid of the road, which inter-
est falls due on the first of January and July
of each year. We notified the city of our in
ability to meet our July interest.
The communications in reference to this
subject have already been printed in full in
the daily papers of this city. The report
| then proceeds to say:
| After very thorough examination of the
| condition of the road, and of the affairs and
management of the company, the committee
| unanimously recommended the acceptance of
| the proposition of the directors and the City
| Council authorized the execution of the fol-
lowing contract to carry the same into effect.