The Portland daily press., 1874-03-26
Maine Central Railroad.
Report Of the Omcers for the Year Ending
Dec. 31st, 1873.

Report OF the Omcers Tor tine 4 Chr AmOlux
Dec. 31st, 1873.
The annual rsport of the Directors and Treas
urer of the Maine Central Railroad Company,
which was presented to the stockholders meet
ing at Watervlle yesterday, contains matters
of general interest
THE YEARS WORK.
The following is the result of the years OPP
erations for the year 1873:
The total earnings for 1872 were 81 1896, 40 90;
total earnings for 1873, $2,O6S, O77.7S; showing
an increase of $131 ,59S49. The operating ex-
penses for 1872 were 81 1928, 1892 49, net earnings
for 1872, $6O7, 496.s1. The operating expenses
for 1873 were 81, $3.50, SOL A; net earnings for
1873, $685., 1894; showing an increase of net
earnings for 1873 of $13O73s44 Our receipts
from passengers were 1916, 4O5.22; from freight,
$l.OlO,6l5 IL from all other sources, Sal O57 AS.
The number of passengers transported has
been 719, 200, an increase of 47,545 over the
year 1872. Average distance travelled by each
passenger, 80 1-3 miles; average price per mile
for passengers, 8 1-3 cents The number OF
tons of freight carried has been 401 1904; in
crease over 1872, 1851 tons; average miles
per ton of fieight, 81 6-10; average price per
ton per mile, 37-10O cents. The number of
miles run by engines connected with passenger
trains has been $50, 593with freight trains, 428,
lis; for wood; construction and miscellaneous
work, 270,5 08 miles.
Besides keeping our rolling stock in good re-
pair, we have added to it the past year new
locomotives, at cost of $4,000; 6 passenger
cars, 5 baggage and mail cars, postal car, 200
merchandise, 115 platform, 4 conductors sa-
loon cars and 6 Snow plows.
IMPROVEMENTS.
During the year eleven new bridges have
been built having an aggregate length of 1892
feet, and costing So, 1914; fifty eight bridges
have been repaired at an expense of 1924, 95O.42;
| $47, 1917 have been expended for stations
turntables aud other buildings; 81 6-100 miles
of new rails have been laid at a cost of $113,-
01.37; 20 40 miles have been repaired at cost
of $11, 571.95; &c. S65 new sleepers have been put
down; 81 $40 miles have been balasted, which
with other improvements to the track the past
year aggregates 1896, 1920. The permanent,
improvements for the year aggregate $134 333 :
| 81, which includes the new line in Benton (foul
| miles)
LOSSES AND EAhENSES.
The losses for the year have been quite Sc.
we're, the burning of the Kendalls Mills bridge
| being the heaviest The bridge had Just been
rebuilt and it cost the company $3.50 day to
make connection over the toll bridge. The
| new bridge is to be built by contract two miles
below. The winter of 1873 was one of remark
able severity and caused unusual expenses
| AN ENCOURAGING OUTLOOK.
| The Directors say it is particularly encour
| aging 70 notice the constant annual increase of
the earnings of the road: showing net earn.
| iDgs the present year of sum sufficient to pay
the interest on all loans and liabilities, rental
! of leased roads and leaving balance of $134-
| 1873. 80 This balance of net earnings has
been used to meet the extraordinary outlay
| caused by the destruction of the bridge at Ken
dalps Mills, believing that such use of it would
| be more satisfactory to the stockholders than
| dividend to that amount Arrangements are
being made for the funding of our floating
| debt. This done, and dividend ought to be
| reached the coming year.
THE EAsTERN-BosToN & MAINE WAR;
Our relations with other railroads OF the
State are generally satisfactory and harmonious
The trouble which existed with the Boston &
Maine Railroad at the date of the report of
your Directors last year, has not materially
changed. That corporation has brought an &C
ton against the Maine Central r. r. Co.,
connect and run their cars over our road, on
terms that we did not deem satisfactory and
just While we believe that beneficial results
would enure to the public and 70 the corpora
tions interested, could some equitable plan be
matured by which railroads that run into Port.
land could be worked with perfect harmony, we
do not believe that the course pursued by the
Boston Il Maine railroad is calculated to hasten
that desirable consummation. The following
extract is taken from the report of the Direct
e tl,o e. Mos, D IA
| 10, 1873: "The public are compelled, by the
| policy adopted by the Maine Central managers
| TO tranship at Portland, at great expense and
inconvenience, all freight aud all passengers
and their baggage 1t is not ''the policy of
! the M. G. R. r. that causes the transhiDmep 1
| of freight and traffic at Portland, nor was it
| thelMa ine Central managers that broke of
| the long established and convenient connection
at South Berwick Junction. That connection
was severed by the Boston & Maine R. R. man
pense to the public their own policy and action
have brought ABOUT. We de dot refuse 20 pass
any and all traffic from our road on to the B.
& M. at South Berwick Junction, which is des-
said junction and Boston. If the B. & M.
managers refuse to receive at that point, who
is rghtfully chargeable with the great eX-
pense" to the public complained of?
QUESTIONS NOT ANSWERED.
Interested as the Maine Central r. r. is in
the through line formed with the Eastern R.
R., should we not be permitted to hau; the
freight we have gathered upon our own road to
the farthest point in the direction of Its desti-
nation? If going to any point intermediate
between South Berwick junction and Boston,
we propose to haul it to that junction. If
through to Boston we claim the right to haul il
to that point, cheaply. and deliver as prompt.
ly as any other road can do the work.
Does any shipper suffer by this ''policy'' Of
the M. G. ''managers"? Who else has right
to complain? If the B. & M. managers re.
fuse to connect at South Berwick Junction and
compel shippers to tranship at Portland, will
they insist that the "managers' of the Maine
Central R. R. are wholly at fault?
STATEMENT OF LIABILITIES.
City of Bangor Loan, due