The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1882-06-03
RAILROAD NOTES.
The Trunk Lines.

The railroad committee composed OF pIesi-
dents of the trunk lines have decided to ap-
point single permanent arbitrator; Tor that
purpose in each case, however, where demand
ed, two additional arbitrator may be chosen by
the trunk lines, where the matters to be arpl-
trated affect their interests and by the Execu
tive Committee of the Western roads when
the question concerns the connections OF the
trunk lines. 1t was agreed to select Charles
F. Adams, Jr., of Massachusetts as the per-
manent arbitrator for the trunk lines. Com
missioner Fink was instructed to tender him
the position. 1t las not yet been accepted, out
little doubt OF his acceptance is entertained.
1t is also believed that Mr.. Adams Will Do
chosen by the Western roads as permanent ar
bitrator.
1t is understood that the table OF temporary
percentages to control the division of Chicago
east bound freight traffic, awarded by the COM
mission at last weeks meeting of the commit
tee of Chicago roads in New York City, in
creases the allotment of the Grand Trunk of
Canada one per cent, land that ofithe two Penn.
sylvania roads two and one-half per cent
The percentage of the two Vanderbilt lines,
the Lake Shore and Michigan Central, is re-
duced three and one-half per cent The per-
centages now are as follows: The Chicago and
Grand Trunk II per cent against 10 under the
old pool of 1880; the two Pennsylvania lines,
355 against 33; the two Vanderbilt lines, 45A
against 49, and the Baltimore and Ohio, per
cent, no change. These percentages are to
hold good unless they are reversed by arbltra-
tion within month. While no road has TAX
en- an appeal, it is said that the Grand Trunk
is dissatisfied with its allotment. The Grand
Trunk Executive Committee met Thursday to
arrange detail matters connected with the
freight pools.
The general passenger agents of the trunk
lines also were in conference over matters re-
lating to the passenger pools. The main sub
iect of discussion was the question of allowing
differential rates to the long through lines
which have shorter or superior competitors.
No action however was taken.
The Chicago and Northwestern.
The annual meeting of the shareholders OF
the Chicago and Northwestern Railroad was
held at Chicago Thursday Messrs. Dulman,
Schell, Depew. Berger, Keep and Sykes were
reelected Directors. The board then re-elect-
ed the old officers. Dividends of 81 per cent
on common and two per cent on preferred
stock were declared The president stated
that the gross earnings of the year ending May
81, 1882, were approximately $23, 500,OO0, an
increase of 50, 250, 900 over last year. The sew
en- proprietary roads the met and reelected the
former officers.
An Increase in Railway Building.
During the first Eve months of 1882 there have
been built on 100 lines of railways 1880 mile4
of track. Considering that only 1900 miles had
been built at this time last year, and that the
building increases rapidly the latter half OF
the year, it would be a logical C conclusion that
the total of this years building operations
would be 5000 miles, but of course this figure
will not be reached. There are at least $50,
lines covering at moderate estimate total of
%, 600 miles. upon which work is either now in
progress or is proposed to be commenced dur
ing thepresent year.
The International Railway Company of
Canada $5a
Is now operated to Lake Megantic, within thir-
teen miles of the Maine State line. Two sur
veying parties, one between Lake Megantic and
Greenville, Maine, at the foot of Moosehead
Lake, and the other between Greenville and
Mattawamkeag, Maine, station on the Euro
pean and North American Railroad, returned
last March, after being out all summer and
winter The contract is now let for grading
from Lake Megantlc eaSteriy TWO mIieS peyouu
the line into Maine, work to commence this
week. Greenville is also the point to which
the Bangor and Piscataquis Railroad have sur
veyed for thirteen miles extension. The COM
pletion of these two roads to Greenville will
give Bangor and Montreal very direct connec-
ton almost due east and west, and together
with other roads constructed will surround one
of the most interesting regions OF New Eng
land, which includes the sources of Connecti-
cut and Androscoggin rivers, fRangeley Lake,
Lake Connecticut, Dixville Notch &c.