The Portland daily press., 1883-12-07
RAILWAY NOTES.
Annual Report of the Directors of the
Knox e. Lincoln,

Knox g. Lincoln.
The annual meeting of the stockholders of
the Knox & Lincoln Railroad was held We'd
nesday at Wiscasset. The gross receipts for
the past year were $780, 1877, being Sc, 1859 more
than for the year previous. The expenditures
were $113,645 or 1874 1928 more than the year
previous. The net earnings were S37. 1e1, be-
ing $1,000 less than the previous year. Five
hundred tons of steel rails were laid, at an ex-
pense OF $24,12 An alteration of the line in
Inomaston to avoid trestle bridge cost $4,-
fUl. The net earnings were paid directly to
the several cities and towns except the town of
Wiscasset, in proportion to the amount of
bonds issued by each The wear and tear of
iron and rolling stock has been greatly in
creased by insufficieucy of ballast. Much has
been done from year to year to remedy the
defect, but in this respect the road as O whole
is much below the average of New England
roads,
Rnmford Falls g. Buckfield Railroad.
AT the annaal meeting. of the Rumford
Falls & Buckfeld Railroad Wednesday. at
Canton, the old board of officers were re-slect-
ed as follows:
Presdsnt-Wm. L. Putnam, Portland.
Vice President-Otis Hayford, Canton.
Treasurer S. G. Andrews, Portland
Superintendent l.. Lincoln Portland
General Ticket Agent = r. G. Bradford.
Portland.
Directors--Wm. L. Putnam, s. G. Andrews
Chas. r. Millikeu, VIM. III. Moulton, r. G.
Bradford, Portland; Otis Hayford, Canton; N.
L. Marshall, West Paris.
The superintendent was authorized to pur-
chase for May delivery 500 tons steel rail and
10000 new ties.
The Besfon n Mainc-F iftieth Animal
Report of the Directors.
The Both annual report of the directors of
the Boston and Maine Railroad Company for
the year ending Sept. 30, 1883, gives the follow
ing of the past years business
The gross receipts for the year ending
Sept. 30, 1885, were. So. 991 .429 IL
Operating expenses $l,847, 119 10
TaxesEpaid .......... lie, 264 3S
--- l,964,sS3 As
s1.o27,o4e "a
expense. 106,376 70
ss2o869 "a
Dividend paid May is. 100000 90
Dividend declared pay
able Nov. l5....s... $50 1000 90
s93, 29e 81
dends, whibh will be placed to the
>, credit of improvement account. $327,72 81
The gross receipts for the year end
ing Sept 80, 1888, were....,..-.. 1884, 29 rs
showing an increase Tor the year Of. l40,699 So
The operating expenses, including
taxes, were....... ..;;;;......: :. 1,954,sSs 48
Being an increase over the previous
year of. .......................... 1o3,lo2 e4
Our equipment has been largely increased
during the past year. Six locomotives, 10
hrst-class passenger cars, one combined pas
senger and baggage car, aud 175 freight cars
have been purchased or built in the company s
shop. OF these, three locomotives, one pas
senger car, one baggage car and "a freight cars
take the place of the same number worn out
and broken up. One passenger car has been
remodeled into paymaster's car, with all the
conveniencss necessary for safely transacting
the business of paying the large number Of
employees scattered the entire length of the
road. Our equipment now consists of 80 pas
senger locomotives, % freight locomotives, II
switching locomotives, 155 passenger cars, 8
parlor cars, 80 baggage and mail cars, 1904
merchandise cars and 231 gravel and other
cars. Our double track has been increased the
past year five miles, and construction is now
going on between Old Orchard and Scarboro
the rails having already been laid between
Pine Point and Old Orchard. The grading be-
tween ne Point and Scarboro is nearly COM
pleted, and will be ready for the rails as early
in the spring as the weather will permit. We
have laid down during the year 1921 tons of
steel rails, of which 966 were laid in the new
second track. There have been laid the past
year 128, 1872 ties, of which e. 3O9 were laid in
the new second track.
very substantial iron bridge has been con-
structed over Charles street. in Dover, at a
cost of Sl7 JOY. The bridge over the Cocheco
river, at Dover, which was for single track
and of wood, is being replaced by one of iron.
and for a double track With the exception Of
the one at Haverhill, this is probably the most
expensive bridge on the line of the road
lease of the Eastern railroad to this COM
pany upon terms agreed upon by your directors
and those of the Eastern Railroad COMPANY
was ratified by both corporations at meetings
held on March IS, 1888, to take effect when du-
ly authorized by the laws of New HAMPSHIRE
Such authority was obtained at the session of
the legislature OF that Ste te, held last summer.
meantime, on May /, one of the trustees ap-
pointed under the mortgage of the Eastern
Railroad company presented to the Supreme
Judicial Court OF Massachusetts, a bill in equi-
tty, praying the court to enjoin that company
from executing the lease, substantially on the
ground that 1t does not provide for the sinking
fund established under that mortgage for the
benefit OF the holders of the certificates of in
debtedness secured by it. The remaining trus-
tees have refused TO Join in the bill as nlain-
tiffs.
The existence of this snit has hitherto de-
layed the execution of the lease, and the suit
is still pending. The Boston & Maine Rail-
road is not party to it, and at preliminary
hearing the court has decided that it need not
be summoned in as such, but has directed
notice OF the pendency of the suit to issue to
all the holders of the certificates of indebted
ness of the Eastern Railroad. The term of
this notice will expire in January next. There
appears to be no reason why the argument of
all questions mooted in the case should not be
had before the full court in the coming March,
During the past year road has been built
from Kennebunk to Kennebunkport dis
lance of four and half miles, under a lease
to us for ninety'nine years, from May Is, 1883,
at four and halt per cent. on a cost of $685.
600 The road was opened to the public, June
IL, 1883, and has done good business the past
summer.
Respectfully submitted by order of theIboard.
GEORGE G. LORD, President
The annual meeting of the stock holders will
be held at Lawrence Wednesday.