The Portland daily press., 1884-12-27
RAILWAY MATTERS,
Maine Central.

The Journal correspondent says: "During
the past seven years, while the Maine Central
railroad has been under the combined manage
ment Of Mr.. jackson as President and Mr.
Tucker as Superintendent, and later as Vice
President and General Manager, the business
of the road has shown a wonderful increase.
Daring this period the number Of miles opeT-
ated has grown from $50 to 625 by the lease
OF the European & North American from
Bangor to vanceboro' the Eastern Maine
from Bangor to Bucksport and the Shore Line
from Bangor to Bar Hsrbor Ferry. The an
nnal earnings Of the road have increased from
81 .434, ,6SS in 1878 to $2Si6.372, or the gross
earnings per mile from 81 099 to 5,36i. The
net earnings per mile have also increased from
81, ,697 to 50, ,049. Iu 1873 there was q deficit
after paying interest and rentals Of S27 .269,
but in 1884 there was a surplus OF S225 685,
out of which dividends at the rate Of six per
cent. were paid. The market value Of the
stock has also increased from SIS share In
1878 to SOS in 1884, and the seven per cent.
consols from $SS and 500 in 1878 to S12l and
S123 in 1884. Mr.. jackson has given his nm
divided attention to the management OF the
road, and has been personally Very popular
among its patrons Mr.. Sewall, bis successor,
has also had a good deal of railroad experience
and will without doubt be popular president
of the corporation. Owing TO his other large
business interests, he will probably allow Mr..
Tucker more latitude in the mana cement OF
the road than heretofore, and considering the
popularity and great business capacity OF the
latter il is safe 10 say that the present pros
perity of the road will be maintained and
probably increased as the business shall war
rant it."
International Railway.
The party who are surveying the InternA-
tional Short Line Railway, and who started
from Mattawamkeag about two months ago,
are near Pond, about eight miles from Ka-
tahdin Iron Works. They are having difi-
cult job. The cold is intense, and the work
being mostly in the district where the "blow
down" occurred a year ago, is very hard. The
party that is coming from the West to meet
them is now near Lily Bay. They also are
running slow. Both psrties are under the
immediate direction OF ID. Il. McFee, Esq, Of
Sherbrooke. There are eighteen persons in
the Pond party, and they are living in tents
Bangor Wing.
Mr.. Frederick A. Quinby, for sever ,..,
years clerk in Mr.. fuckers ofire of the .ta,n.
Central, has retired, and it is reporte' he III,
be succeeded by Mr.. f. A. Aiken.
The Portland & Rochester Re nro.d oor.
pany are having two splendid ,as.ano..
constructed by the Pullman Pr lace Gar ,-N .Ar
pauy, which will be complete ID Februar- -. N'
Charles Francis Adams ,aIsorarhs 1s',
directors of the Union pan;ea sosS2r' q to tn
New York Yesterday II at the or Smpany y
no distress for money 10 pay its 70 81, :,
February interest. F' ~ january anS
General Manager Van Horn a Of the Cansd,
th acino lSny R.;S - 50 that the Arrangements io
,o1naS - +iL age are n Jt far enough adl
~; NJ sAiA OF q contrF ct Funds are want
I1s pes.iS iSr oaa and other parts of the Canad,
.l s9lnS " I0su U and until the bonds of fine On
o sar,o q w ebec railw ay are oated there is \,
sm;Ihvi OpG .ts Lachine bridge or loop line from
orTHsa' Tha Ille TO Nor 4treal
waaI negotar .ons between the Common
a. th OF Mass .achusetts and the management
h. she New FORK & New England railroad
/. ave resulted in the agreement Of the former
90 accept Z ue payment Of defaulted interest il
addition Il second mortgage bonds.
Geo Biddle, counsel for Wharton Barker
H. Nc *. Twombly, and others, holding 49,,
oO0Ps0O general mortgage bonds of the Phila-
de'-phia q Reading ItaiToad Company, yester.
DAY filed bill in equity in the United State.
Circuit Court in Philadelphia, declaring that
the company has failed to comply with the
terms of the mortgage and is unable to do go
and asking for the appointment OF receiver