The Portland daily press., 1882-08-11
RAILROAD NOTES.
st. Johnsbury and Lake ohamplain Road

The meeting of the st. Johnsbury
and Lake Champlain Railroad Company was
held at st. Johnsbury, Vt, Wednesday. The
following directors were chosen: Horace FAR
banks, Franklin Fairbanks, George W. Hen
dee, Thos Coggesaall, Bradley Barlow, A. b.
Jewett, Henry D. Hyde, A. B. Harris, VIM.
z. Fairbanks The list is the same as last
year, except that VIM. P. Fairbanks is substi-
tuted for VIM. H. Rhaun of Philadelphia, re-
signed. The directors organized by the choice
of Horace Fairbanks, president; William Z.
Fairbanks, secretary and treasurer; Horace
Fairbanks, Bradley Barlow, executive COM
mittee.
The summary of the financial statement OF
the past year is as follows: Income from
freight department, $165, ,S2977 from passen-
ger department, $64,11416; miscellaneous,
$12, 1886; total income, $242, ,66248; add bal
ance of earnings from last year after the pay
ment of interest, $32, ,290.34, making total Oh
1914 952 So; deduct operating expenses OF tne
year, $199, 1861, leaving balance OF income
$75, ,455 .92; deduct the interest and the losses
paid during the year, $46, 108.71, making Ine
balance of the income, June 80, 1882, SSo'-
347.21.
The company voted to lease the Canada
junction Railway jointly with the Montreal,
Portland and Boston Railway Company, when
thus assumes all liability. The Canada juno
ton road is eleven miles long, and is now IN
process of construction. 1t connects at Shel,
don junction with the St. Johnsbury and
Lake Champlain, md at its other termlous
with the Montreal, Portland and Boston,
which is already operated as a part OF the
southeastern system OF roads. 1t will be vaiu-
able as affording the southeastern system
connection with Montreal Independent OF tne
Passumpsic, and to the st. Johnsbury ana
Lake Champlain road as a feeder from con-
Meeting lines. The Canada Junction road Is
portion of the original plan for connection
with Montreal when the Portland and Ogdens-
burg road was first projected.
Suit Against the Grand Trunk.
Judge Wallace, in the United States Circuit
Court of New York city, Wednesday, heard
arguments in an action brought by the Mer-
chants Manufacturing Company against the
Grand Trunk Railway Company to recover
several hundred dollars damages for freight
delayed in transit from st. Louis to that city.
On motion to set aside the service OF sum-
mons and complaint upon non-resld dent on-
Ger of the railway, on the ground that as the
plaintiff company was citizen OF Massacnu-
setts it could not maintain an action In the
State of New York against the defendant cor
poration, the court took the papers and re-
served decision.
Consolidation Of the Grand Trunk and
Great Western.
Extraordinary meetings of shareholders of
the Grand Trunk and Great Western Railway
Companies of Canada, were held in London
yesterday at both meetings the scheme for
their amalgamation was confirmed by show
of hands, but poll was demanded on ehalt
of the minority Mr.. Lacock with the Queens
counsel renewed his protest against consolida-
ton, declaring that the whole proceedings
were Illegal
A Big Purchase.
The Boston Herald says: The Grand Trunk
has purchased the Montreal and Sorel Branch
Railway which it has been operating. This is
another grand stroke of Hickson's against the
Canada Pacific road.