The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1875-03-17
PORTLAND & oGDENssUsG.
Adjourned Meeting of the stockhoidefs-
Unanimous Vote in Favor OF Con-
sOlidaiion, Etc, Etc.

Of the Portland & Ogdensburg Railroad Co. met
at the Office of Pres. Anderson yesterday. mayor
Richardson represented the stock of the CITY,
Gen. Anderson presided and stated the Object
of the meeting. The second resolve was
amended by adding to the clause providing that
majority of the managers of the consolidated
line shall be chosen. from the board of directors
of the Portland s. Ogdensburg Railroad the
following words: "who shall be residents OF
the city of Portland"
On motion of Mayor Richardson the stock
holders proceeded to vote ON the resolves pre-
sented at the previous meeting as amended.
w. f. Mi,liken, from committee to receive
sort and count the votes on the proposition,
reported that twenty-three stockholders had
voted on 1851 shares, all of which were in
favor of sthe propositions. The report was
accepted. The following are the resolves as
adopted:
Resotved That the Directors of the Portland
& Ogdensburg Railroad Company are hereby
authorized on behalf of SAID company to JOIN
with the Essex County Railroad Company, the
Lamoile Valley Junction Railroad Company,
the Lamoille Valley Railroad Company, the
Montpelier and ST. Johnsbury Railroad Com
pany of Vermont, and the Montreel, Chambly
and Sorel Railway Company of Canada, or
with either or any of said companies IN the
issue of Joint bonds of said companies joining
as aforesaid, secured by joint mortgage OF me
franchise, roads and property of said companies
joining in such mortgage, and also TO agree
upon the terms and amount of such bonds and
mortgage so as to be issued and executed not
exceeding $40, 900 to each mile of road covered
thereby and said Directors are hereby further
authorized on behalf of said company to agree
upon and execute contract or contracts TOR
the consolidation of the management and oper-
alton of any or all of the roads OF the COM
panies aforesaid
dent of the Portland & Ogdensburg Railroad
COMPANY. is hereby authorized to sign said
bonds and mortgage, and said contract or con-
tracts for the consolidation of the management
and to do and perform any other act or acts
necessary to give full effect and force to said
bonds, mortgage and contract or contracts.
Resolved That the Directors of the Portland
& Ogdensburg Railroad Company are hereby
authorized and empowered, on the part OF sara
company, to take up, purchase, and cancel the
mortgage bonds heretofore authorized and
issued by said Portland & Ogdensburg Railroad
Company, dated respectively November Ist
1870 and November LIST, 1871, or any part
thereof on such terms as SAID company ana the
parties holding the same may agree upon. or
said Directors may, on the part OF SAID Fort
land & Ogdensburg Railroad Company, ex-
change for said mortgage bonds OF dates OF
November LIST, 1870, and November 1St, 1871, or
anv mart thereof, the new joint bonds, this day
authorized to be issued, on such terms as may
be mutually agreed upon by the parties issuing
said new bonds and the holders of said mort
gaoe bonds of November LIST, 1870 and 1871,
and when said bonds are all taken up, pur-
chased or exchanged as aforesaid, SAID Dlrect,
ors shall, on the part of this company, call
upon the Trustees to discharge and cancel said
mortgages of November 1st, 1870 and 1871, in
full: provided, that no such contract shall be
made by the Directors, except upon the con-
dition that it shall be expressly agreed therein
that the majority of the managers OF any SUCH
consolidated line shall be chosen by the
Directors from the Board of Directors of this
corporation, who shall be residents of the city
of Portland; provided. also, that it shall! be
agreed upon that the city of Portland shall not
be called upon for the balance OF the bonds
voted by the voters of said city, beyond the
81 1856, 600 issued and to be issued, in accord
ance with the agreement of the Directors
While the committee were counting the votes
President Anderson requested ex-Gov. Hendee
to make some statements respecting the road
from Burlington to the Lamoille Valley line.
In response Gov. Hendee said that charter
for the proposed railroad. which is 80 miles in
lexgt had been obtained two years since, that
the line had been surveyed, estimates made of
the cost of the work, and that d. G. Lindsey,
an experienced railroad man, has contracted to
build the road, Mr.. Lindsey taking the sub
scriptions of the towns on the line The road
will be completed in year from this time.
Burlington is the third lumber market in the
United States. The road was to be operated in
connection with the Portland & Ogdensburg,
and to be independent of the Central Vermont.
Gen. Anderson said it might be necessary in
Il Al ,ots mo-
carry into effect the above votes, to consult the
stockholders. In view of this, he thought it
better for this meeting to adjourn week. 1t
was accordingly voted to adjourn to Wednes-
day, the 23d inst, at q p. m.
In this connection it may be proper to notice
the several parts of the consolidated line and
the condition of the same. First, the Portland
& Ogdensburg eastern division) from Port
land to Dalton, N. H., on the Connecticut
river, ITO miles. Of this distance 70 miles is
completed 10 under construction, with grading
and masonry IS per cent. done, miles par
TALLY graded, and balance surveyed. Next
comes the Essex County Railroad, Il miles,
from the Connecticut river to st. Johnsbury,
Vt OF this, s miles from ST. Johnsbury to
,, West Concord lis completed, and from that
| point to the river, IS miles, is nearly graded,
with bridges built, and can be completed with
an ordinary force in ninety days. Following
the Essex line is the st. Johusbury aud Mont
pelier Railroad, which extends from the former
| town northwest to West Danvlle, where the
MONTPELIER road will connect, Is miles in
length, all completed and doing good business
which now goes over the Connecticut & Pas
fo Nav York alSa-
where. From West Danville the line of the
Lamoille Valley Railroad extends in the same
general direction to Swanton, on Lake Champ
lain, 81 miles. Of this distance Al miles, from
Nest Danvile to Johnston, is in operation,
and already brings large amount of business
to the ST. Johnsbury road above noticed. The
bridges ard grading are SO nearly completed on
the other 40 miles that an expenditure OF
S125, 900 will finish the road bed ready for the
superstructure Twelve miles this side OF
Swanton, at Sheldon, the proposed line to Mon
treal branches off, and another charter covers
the line from that point to the Canada line, a
distance of miles. This piece has been locat-
ed, but no work has yet been done on it. The
work is pronounced very light and can be
completed by fall if the plans of the con-
solidated company are successful. From the
state line, the Montreal, Chambly and Sorel
Railway Co. has charter, and the length OF
the line is 81 miles. OF this distance, 16 miles
southeast from Montreal to Chambly, is COM
pleted and running, the balance of the line to
Sheldon is nearly graded and can be completed
the coming season. The Vermont division has
lust negotiated lease of the Montreal, Cham
| Div and Sorei for 500 years. The Boston, Con-
cord & Montreal r. r. run over the part of the
former that is completed, but will have to
make arrangements with TIE Portland & Og-
densburg corporation when its line is compet-
ed. The company will use the Victoria bridge
across the ST. Lawrence for the present This,
1t should be remembered, is a government
work, and can be used by all roads paying tolls
The distance, then, by this road to Montreal i
as follows:-Portland to the Connecticut river
ITO miles, Essex Co. r. R. 81 miles, st. Johns
bury g. Montpelier Is miles, Lamoille Valley
r r. to Sheldon 60 miles, Lamoile Valley
Junction R. r. to Canada line miles, Mon
treal Chambly s. Sorel R. R. 80 miles-tota
276 miles, The distance by the Grand Trunk
Railway is 292 miles,
THE MAINE CENTRAL CONFLICT Reports
from, various noints on the line of the Ma inc