The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1881-01-18
TIE PORTLAND RAILROAD.
Annual Meeting and Reports of Officers.

Annual Meeting and Reports of Officers.
The animal meeting of the Portland Horse
Railroad was held yesterday afternoon at 3
o'clock at Lancaster Hall The following re-
ports were made:
PRESIDENTS REPORT.
The President, Mr.. E. A. Norton, reported
as follows:
The details of the traffic ON the road for the
year 1850 will be given in the reports of the
treasurer and superintendent.
The net earnings for the year amount to ST.
l:69. Included in the expenses is the sum
OF $40, paid for lot of land back of the
stable on Spring street, giving us much better
accommodations and making the whole lot
much more valuable. We have erected sheds
on the land purchased, where we can place our
sielghs and carriages when not in use. The
directors al the last monthly meeting voted
dividend of five per cent. free of all taxes
Inc whole amount of taxes paid by the COM
pany In 1880 and included in the expense ae-
count was 81, 1929 The amount of cash on
hand after deducting the dividend was $S067S.
Inc whole number OF passengers carried in
1880 was 855,072, being 57159 more than in
1879 Taking into account that the State fair
was removed from Deering to Lewiston in
$780, this result of the traffic compared with
1879 is very gratifying. The directors voted
stockholders, to take passengers from the
Ocean street railroad, who reside on Ocean
street or streets leading into Ocean street, in
GLIDING streets that cross Ocean street from
Woodford's Corner to Lunt's Corner the
terminus of the street, free, for two years.
Agreeable with that vote we have carried
such passengers free since the opening of that
road.
In the fall the directors instructed the
superintendent to purchase 100 tons of hay. in
addition to uSual "a
advance IN price. That quantity we have on
hand, and paid for at from 81 to IS less per
ton than the same quantity can be purchased
for at the present time.
A strong influence was brought to bear on
the directors last spring, to induce them to
take measures to extend the road through
Congress street to Lbby's Corner.
After thorough examination the directors
were convinced that should the road be thus
extended, it should go by the way of Portland
street, thus avoiding the grade and curve on
Bramhall HILL and the danger of crossing the
Maine Central railroad track on a grade, and
having the advantage of passing directly by
the new park.
We had one serious accident the past wear
which resulted in loss of life, but Jury Of in
quest decided that no fault attached to the
company
The directors by strict economy and watch
Iuiness have been enabled to pay the stock
holders fair interest on their investment and
feel confident that with careful and proper
management in the future the road will con.
tnue so to-do. 1t has been the desire of the
directors to accommodate the public in every
particular, where it could be done without
less to the company. Our surplus funds have
been loaned on cash at 4 per cent. interest
We hope that the management of the road for
the past year will prove satisfactory to the
company.
SUPERINTENDENT REPORT
The superintendent Almon Leach, made the
following report
During the past year the cars have carried
S55. passengers, of which POI ,55S were car
rled on the Spring street route, 3O1, $50 on the
Congress street route, and 351 1854 on the Deer
ing line. This is a gain over last year of ST.
159 passengers.
We have made the usual repairs on the CITY
lines and have laid new curve at the head Of
High street, and another at the foot of Prebe
street.
On the Deering line, in addition to the usual
repairs. we have relaid the curve at the car
house, and put in new switches. We have
raised 800 feet of track on the shell road eigh-
teen inches, using 450 yards of gravel for the
same, and have lowered $50 feet of track on
the same road eighteen inches, to conform to
the grade OF the street which has been macad-
amized and graded by the town authorities.
we have laid five tons of new iron and $50
sleepers We have painted and vanished the
cars and sleighs and have put them in good or
der. We have built new shed for the omni.
buses in the rear of the stable 80 feet in length
and have fenced the lot of land recently pur-
chased. We have bought five new horses for
which we paid $40. We have traded nine
teen, paying 1874 difference, and have sold
three for sos. Five horses have died during
the year. There are now ninety-eight on hand
We bought one hundred tons of hay in Octo-
Der and November, which we now have on
hand together with eight tons of straw bought
at the same time.
TREASURES REPORT.
The treasurer, e. A. Newman, made the fol-
lowing report: