The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-12-04

e,
per anDum. Interest on above notes has been
paid to July, l, 1878. AMI 1896 46 osid an ac-
count Of the principal, the balance, $27 $40. 3d.
has been included in the floating deDt, which
10 consequence of this addition, has decreased
but little during the year.
The receivers certificates issued for construc-
ton Of Saco River bridge, have all been paid
SPECIAL IMPROVEMENTS.
We have FLIED 800 lineal feet of trestle at AL
fred, requiring the removal of 5000 cubic yards
of earth. A granite arch culvert has been put
in at Hollis, in Ilace of the OLD open culvert,
the side walls of which vera unsafe, and have
paid the balance of bills contracted for con-
strocting the Saco river bridge.
The numbrr of tons of iron and railroad ties
put into the track the past year equals the
amount put 10 the two previous years.
new station has ben built 10 Portland at
the foot Of Preble street, for The accommoda-
tion of our local passeneern ravel, and at the
foot OF Hanover street new cAI-house and
carpenter shop So feet long by SO feet WIDE has
been butt, affording much needed facilities for
repairipg cars. The station at Gorham has
been extensively repaired and remodeled in
side, giving much improved passenger accom-
modations
By consent of President Anderson of the
Portland and OgdeDsburg RAILROAD, the sta
ton building at Cumberland Mills, owned by
that company, has been moved to the Junction
OF the tracks, and the south end finished into a
waiting room for passengers, The north END b.
ing used for freight purposes. Hereafter the
station will be occupied Jointly by the two
roads.
The cost of the foregoing improvements have
all been paid and charged to operating expense
account.
TERMINAL FACILITIES.
The old depot at the foot Of Myrtle street, SO
long occupied by this company, had been for
some years falling into decay and at last BIS
a mi uptp ha u1t OFT -
ed TO either erect on back cove new station
buildings for accommodation of our freight
and passenger trsffi', or to enter into arrange
ments with some other road TO furnish us the
required accommodations. As our financial
condition would not admit of the former, we
opened negotiations with Manager Hickson Of
the Grand Trunk Railway, which resulted in
making contract with the Grand Trunk to
furnish us with all the accommodations re-
CURED in the management of our passenger
and freight traffic, including wharf and street
facilities, thus affording to our patrons increased
facilities for doing business. The new ar
rangement went into effect April s, 1878. Since
that time our trains has run to aud from the
Grand Trunk station, and our passenger and
freight traffic have been marked with great
regularity, and have no DOUBT it will be found
to be for the mutual advantage of the con-
tracing roads as well as to their patrons.
GENERAL BUSINESS.
Tonnage of freight hauled thirteen months:
Years. Total. Local. Through
1s77-s...".........".. s2UO2 49,7OS 1924
Passengers carried thirteen months:
Years. Total Local. Tirough
1y77-s. .".u8,5s3 S4271 1882
Until recently NJ effort has been made to en-
ter into competition for share of business
destined for Boston and vicinity, we having
tried to sustain ourselves with the "locsl,' to-
gether with the Through" business between
New York and Portland, and directly tributary
to the through line, but owing to the very sharp
competition of the older routes, they making
loSer rates to shippers to try and ioduce our
"local" as well as Through" business to take
their routes, that the rates being obtained on
our traffic had become so much reduced that in
order to sustain our revenue we we're compelled
to join the other lines and compete with them
for all business, whether destined for Boston or
any other point, as a much larger business
could be done over your road without materially
increasing The expenses, for it is we'll under
stood that there are certain fixed expenses that
do not increase with enlarged traffic, neither
can they be reduced with essened traffic
G. P. WEsCoTT, Receiver.