The Portland daily press., 1882-06-17

! The seventeenth annual report of the Og-
densburg and Lake Champlain, which has been
| prepared in readiness for the annual meeting
| at Ogdensburg next Wednesday, contains the
| following statement of the operations OF the
road for the twelve months ending March 81,
1882:
Total earnings
Expenses. .-.....,..........., :. 4oo,4oo
Net earnings. ................ $40, s54
Interest paid. -. :. 1e7,263
| Surplus. 1851
Compared with the previous year the above
shows increased earnings of $3063S, with an
increase in expenses of ,259, and loss OF
| $24,621 in net EARNINGS.
The report further says:
There has been added to our equipment this
| year, and charged to construction account, $50
new long box cars, 10 new Tiffany refrigerator
butter cars four new passenger coaches, and
| four eaboose cars We laid early in the year
1000 tons steel rails, and charged the difference
between the steel and new ironto improvement,
and the difference between new and old iron to
| expenses. The addition thus made to our
road and equipment account amount to $685.
| 0S2.41.
| We have since laid another thousand tors OF
steel rails which are being charged in the same
proportions to improvements and expenses for
1882. 1t is hoped that this may be sufficient
to keep the road in good condition during the
coming year. About $500 tons more of steel
rails will be required to finish the main
track. We are now building about Il cars
per week in shops, in addition to our usual re-
repairs.
The expenses for ties, fences and repairs OF
buildings have been largely in excess of the u.s.
ual amount, and the same may have to be con-
tinued another year or two, to get them IN pro-
per condition.
Contracts have been renewed with the Col
linwood line of steamers, and a large increase
of business is expected. The Welland Canal is
now open, with twelve feet of water, and with
a prospect of being deepened within two years,
SO that the largest propellers on the lakes
can then reach the railroad docks. The report
says:
We have petitioned the General Government
with good prospect of success, for an approprla-
ton to assist in dredging the harbor at Ogdens-
burg, which will give us as great depth OF
water as any other route, and further east than
any other.
Had it not been for the extreme low rates for
which the through business has been taken the
past year, our receipts would have been quite
largely lncre2S6u, the lutufo PROMISES UsoIo ic-
munerative rates than have been maintained
the past year.
'Equalizing Terminal Charges.
Representatives Of the trunk lines were in
conference Wednesday in Commissioner Fink's
office. in New York, on the question of equali-
zing the terminal charges at the different At
lantic seaboard ports. At present, the Newly rk
railroads make no charge for elevating grain at
their elevators, while the elevator charges to
shippers ia Baltimore and Philadelphia are
about13 cents per bushel. The New York roads
often also allow the shippers for lighterage In
the harbor as method for underwriting the
tariff rates. The storage capacity OF Baltimore
is comparatively small and frequently in times
of pressure OF arrivals the storage rates are az,
yancedto exor 1itant figures. 1t is now proposed
to include the terminal charges at the several
seaboard cities in the rail rate, making grain
deliverable alongside the vessel. No definite
plan has yet been agreed upon for carrying out
this proposition.
Eastern Railroad
The Eastern Railroad makes its summer
change of time Sunday, juno IS, and will pro-
vide full accommodation not only for the regular
travel, but for the great multitude of pleasure
seekers who traverse its line to the beach and
mountain resorts, from the Point Of Pines, near
at hand, to Wolfboro and the White Mountains
of New HAMPSHIRE the Rangeley and Moose
head Lakes and Mount Desert in Maine to
Campobelo and Cape Breton on the farther
extremity of the Eastern Provinces. A large
number Of new cars have been added 10 its
equipment, and the old enss have been RENTED,
SO that, with its excellent track, the road Will
enter upon its always enormous summer busl-
ness in condition excelled by few roads in the
country The trains for Portland will leave
Boston at 7.30 and 900 a. M, and l23O and 1.oO