The Republican journal. [volume] (Belfast, Me.) 1829-current, 1884-02-28

BOSTON BANGOR STEAMSHIP co. Nh. ANIMAL
meeting Of the stockholders Of The above cornni..
ton was held in Bangor last week The old Board
of Directors was reelected. The report of VIM.
II. Hin Jr., Treasurer and General Manager Nas
read and accepted. The following is an abstract
Of the report
We find ourselves At the close Of another YEAR
lhe NINTH since the Incorporation of the COnpulv-
WIN our regular stu-umudl dividends earned ana
distributed To our stockholders, and our steamboat
ana wharf properties in excellent condition. The
severity and intense cold of the past winter and
Spflh- caused an entire suspension Of business
curing severed weeks, Two Of orr steamers having
been frozen fast in the ice in the Penubsrot River
ana during the entire period that the river ana hay
were closed our business was seriously interrupt
t'l causing lack of receipts and occasioning great
loss ana unusual expense. Large expenditures
nave been made ON the steamers. In The steamer
cambridge a new shaft has been placed and IIoL
lalld wheels substituted for those rcNiuusly III
use, entirely removing the tremor ana shake Goin-
mon TO Slte wheel steamers and greatly increasing
hef popularity with the travelling public. The
passage ways III the main saloon in the Penobscot
nave been wicened and the comfort and conven-
lence Of passengers greatly increased. An adai-
tional bulkhead has been built in the gentleman )
G;tolh To meet the requirements Of the present
united states navigation laws. The katahdil has
Peell thoroughly orerhauled on kcelsons replaced
bN new ones, and much new work aided. She has
received Il new cylinder mead, and an addition has
Deeh made of fourteen staterooms. The Mount
Desert has had expended upon her in repairs
adlltons and improvements, large sum The
meet OF steamers now belonging to the company
comprises the steamers Cambridge, Katahdin Pen
ohscot, Mount Desert and Rockland, the latter
having been added during the year The Rockland
Is propeller, was built for winter service on the
Mount Desert route by Messrs. Smith and Tow
SEM, al East Boston. and went into commits sion
early IN june on the Frenchman's bay route, run
nhg from sullivan. Lamoine, Hancock and
H"uicsboro to Bar Harbor, connecting with the
steamer Mt. Desert on her daily trips She is now
on the Mount Desert route and performing efficient
anu economical service During the past wear
tnere were eighteen more passages made between
Boston and Bangor, and 2l9 more passages made
between Rockiand and Mount Desert than in the
year 1852 The number of passages between Bos-
ION ana Bangor were 1872; the number Of passages
between Rockland and Mount Desert were 354
totai number of passengers carried were !B,47S
tothi number of miles travelled (l0l ,OSS-23 0lO-9
foZ) loo,"30 number of employees when all the
steamers are in service 260; the average receipts
per round trip from Boston to Bangor and return
were Sl,44o.0l; the gross earnings and receipts
from tne business Of the company for the year 1858
were Sooz,259.33; being an Increase over the pre-
ous year of 81, 5553S; the total expenses amount
Gu 10 s.54 showing net profit from the year
business OF l2,65l So To the surplus account,
being the balance of the credit of profit and loss
account, from previous years, there has been
charged Off in reduction of values $65 c00.0O0 The
Wharf properties have been maintained in good
iepalr and are now, with the exception of the
wharf at Belfast, which requires new plankng, in
condition for service