The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1883-12-15
RAILWAY NOTES.
Portland q Reshe.ter,


At meeting of the directors, held recently.
the following officers were elected:
President-George P. Wescott.
Superintendent and General Ticket Agent
J. w. Peters.
General Freight Agent-Albion Hersey
Treasurer-W. n. Conant.
1t was voted to pay . semi-annual dividend
of per cent, payable Jan. IS, 1884, to stock
holders of record of Jan. 1, 1884.
The directors also voted to purchase q thou
sand tons of steel rails.
When these rails have been laid there will
be AZ miles of the road steel-railed
Rome, Waterfowl g. Ogdensburg.
The Watertown News says: A number Of
towns along the line of this railroad have re-
duced their assessments of the property Of this
company materially, amounting in the aggre-
gate to about six hundred thousand dollars.
Suits are still pending against thirty towns
which have been unjustly and illegally taxing
the company for the past ten years, to compel
them to reduce their assessments.
" 10 gs.-- =. that HI, tSsrs 1Sasi9n raj e
decided change for the better in every de-
partment. Loaded freight cars no longer lay
en- route week on some side track. Passen-
ger coaches are rapidly being put through the
shops. There have been laid the past six
months 40S miles with sixty pound steel rails.
The road bed and track are now in FIRST class
condition. Five hundred freight cars and
seven new locomotives have lately been added
to the rolling stock. These betterments and
the prudent management of General Manager
Britton begin to show in the net earnings,
which for the months of September and Octo-
Der amounted to S153, ,35l.70.
Efficiency and economy seem to be the mot
to of the managers. The buildings, trolling
stock, etc., of the company were insured Dec.
for one year for $4,000 If the same rates for
insurance had been paid this year as last, the
premium this year would have been S9,S96.
The road been admitted to the following
freight lines: Red Line White Line, Blue
Line, Canada Southern Line, and Midland
Line.
Through President Rutter, of the New York
Central arrangements have been made to
allow these freight lines to bill through via the
r. W. & o. r. r. and connecting roads to
Portland. Heretofore the Blue Line, which
has been running on the r. w. & o. r. r.,
could run uncovered only as far as Fryeburg.
Me. The railroad from Rouses Point 10 Swan
| ton Junction is completed, and these freight
| lines will run to Portland without breaking
| bulk, and it is estimated that these lines will
send large volume of business over the r.
| W. & o. r. r.
A large portion of the travel from Oswego to
| New York has switched off from the Delaware,
| Lackawanna s. West Railroad to the r. W. &
| o. The cause for this change is: The r. W.
| & o. has now steel rails; trains run to make
| close connections at Rome with the New York
| Central; Wagner sleeping cars are run through
from Oswego to the Grand Central depot, New
| York; the distance is shorter, and the time
| made about an hour less.
| The BridstOn Railroad.
| The News says: Even the bitterest opponent
of our railroad enterprise is compelled to con-
| cede that the financial exhibit made for the
| first eight months of its existence is unusually
| favorable.
| Total cost of constructicn..... ....s166, ,o357k
i ToUal cost Of equipment. 26,013So
Total for road equipped. "..s192, ,04913
| Earnings for eight months:
| Passenger. Observation-Disclosures S1,zzO.3z
| Mail and express .........,,........ 337.62
Freight. '.,.,......-....... 4,So4.o4
| Total earnings. ..s....... S1z,olz.6o
OPe4Stsses ~~rausss o 9zz 40
Net earnings. .......'.'...s.....,... Sz,oSb.zS
Or nearly two per cent. on the entire cost of
the road for the period which the report COW
ers.