The Portland daily press., 1879-12-11


day.
BOSTON & MAINE.
The annual meeting of the stockholders of
the Boston & Maine railroad was held at Law
renee, Mass, yesterday forenoon, President N.
G. White presiding. The attendance was
large. The annual report was adopted. Peter
B. Smith of An9oyer moved that the running
of excursion trims on Sundays be dispensed
with An amendment by Horace Smith of
Boston, that the subject be referred to the di-
rectors, was carried four to one and Smith with
drew from the meeting appearing disguised.
The only other business transacted was the
election of the following directors:
Nathan G. White of Lawrence
George c. Lord N. j. Bradlee and John f.
Osgood of Boston.
Amos Paul of South Newmarket
W. S. Stevens of Dover.
James r. Nichols of Haverhill.
S. E. Spring of Portland.
N. W. Farwell of Lewiston.
An effort was made to have the next meet
ing held at Portland, but the matter was re-
ferred to the directors and the meeting ad-
journed.
EASTERN RAILROAD.
The annual meeting of the Eastern railroad
was held in Boston yesterday. While the bal
lots were being counted the annual report was
read. The track continues to show marked
improvement, some 1000 tons only of rails being
needed to complete the main line with steel
between Boston and Portland. The following
was the result of the balloting for directors by
certificate holders:
e. B. Phillips Alfred p Rockwell George
P. King and Richard Olney of Boston.
George P. Morrison of New York.
John Cummings of Woburn, Mass.
Each except Mr.. Rockwell received the en-
tire vote. The certificate holders then ad-
journed. The stockholders elected for direc-
tors:
Jacob G. Rogers of Peabody.
William B. Bacon of Boston.
Stephen j. Young, Brunswick, Me.
The report of the directors contains, first of
all, statistical statements about its earnings
and expenditures, which have already been
published in the PRESS. The report then goes
on to say the work upon the road-bed and track
has been as follows:-S5,537 ties have been laid;
124 miles of track have been ballasted; side
tracks have been laid at Dover and Sawyers;
filling at Portsmouth Mill Pond cost SILL;
grading at Mobiles Island, $63S; filing Charles
town flats, $57 43; there has been expended on
rail saw, Portsmouth, $3061; creosotlng works,
$4193. Fences, road-crossings and signs have
required an expenditure of $9,655.71. In this
is included 161 miles of wire fence. There
have been very considerable additions and i'm
provements in freight and passenger stations at
Boston, Lynn, Salem, Portland and other places
Portland bridge is rebuilding; 300 feet is COM
pleted and the piles are driven for 800 feet
more. The cost for the year has been So ,035.
The arch at Mousam River, Kennebunk, is
completed, and the entire cost is $S,592; ex-
pended this year, $6,017. On the High bridge,
Danversport, 210 feet long, there has been ex
pended $780, The pile bridge at Great W rks
153 feet long, is entirely new, and cost $775
Arch culvert at Lyman Brook, unfinished,
cost to Oct. l, $4,000. Cost of repairs on Boston
bridge, 1,949; Portsmouth, 1887.
Vermont Division Portland 81 Ogdens-
burg.
The PRESS of Tuesday stated that the lien
creditors of the Vermont division of the Port
land & Ogdensburg obtained decree in their
favor of 100000. A correspondent of the |
Boston Journal says:
A mandate has just been issued by the SUI
preme Court ordering decree in favor of |
Capen, Sprague & Co.. George e. Howe and |
others against the Portland & Ogdensbnrg
Railroad, on Indebtedness which accrued from |
'services rendered or materials furnished for
keeping the road in repair" The Court de-
cided such claims to be q first lien on the per-
sondl property and net earnings of the road.
Creditors Of the road have proved claims to
the amount of $97, 900, which have been al
lowed by the Court with interest from October,
1877.
The Court orders, that since the personal
property was sufficient to pay said claims at
the time the road was placed in the hands of |
the receivers, the lien be charged on all prop
erty of this kind acquired by said receivers and |
on the net earnings. The net earnings are to
be paid over to the Clerk Of the Court for pro
rata distribution. The receivers and mortga
gees are ordered to pay all said claims on or
before June 1, 1880, and in default thereof
said personal property, or SO much of it as may
and ii not sufficient, the net earnings of the
road are to be applied to their liquidation from
time to time.
The preferred mortgages shall have no
right to the possession OF the road under their
decree till they pay said claims, or give sutn-
Gent bond and lien on said personal property |
to secure their ayment.
The claims for services by Directors Super
intendent, Executive Committee and attor-
neys, and also for printing and construction,
were disallowed. This is final disposition of |
this branch of the case.
1t is the rumor, generally believed, that p.
& T. Fairbanks & Co. have bought controll-
ing interest in the preference bonds. If this is |
so, it seems probable that they will continue |
to control the road