The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1885-11-24
RAILWAY MATTERS.

From an advance copy of the fifty-second annual
report of the Boston s. Maine the subioined facts
| are taken:
The lease of the Eastern railroad to this com
pany was ratified by your votes on the I'd OF De
cember, 1884, and the leased property duly deiv-
1885, that the financial affairs Of the road were
merged with ours; and as the terms of the lease
required some change IN the mode of keeping our
accounts, it will be difficult to compare the busi
ness Of this year with the last in many particq-
report. it will be understood that they are the
| operations OF the combined roads, compared with
the same of the two roads in 1884 under separate
management. Hereafter that difficulty will not
| exist.
The gross receipts of the combined
roads for the year ending Sept. 80,
Operating expenses dncluding taxes
$204, ,637 S3. ................... 4,lo0,O9o.3o
Net earnings ACKNOWLEDGEMENTS So 1926, ,461 "A
Interest on funded and
unfunded debt. .....$ 266 423.75
Rent of leased lines. 1,225,526.sS ,491, ,95o.33
Surplus of net earnings over fixed
OF this sum there will be paid to the
Eastern Railroad Company, agree
able to the terms OF the leaSe..... 134,511.11
And there remains to the company. s7oo,ooooo
Which has been appropriated as
follows:
Dividend paid May 15. $3.50, 10000
able November 10Th. 2S0,O0O.Oo
Balance to the credit of
profit and l0SS-...... l4O,OOO.OO
Total. 500, 100000
The business of the. year, as compared with that
of the previous year, is as fOllOws
Receipts from passengers in 1885 were 50, 544,-
3O1 .8S, being a decrease of S6,37452; in local
passengers there was gain OF fi4, ,9O4.5 In
foreign passengers there was a loss of S21, ,2S0-
O6; receipts from freight in 1885 were 81, ,435,-
freight there was loss of $50 785 OF; in foreign
freight there loss of $22, 917 20; IN receipts
from mails there was gain OF s994.01; in re-
cepts from expresses there was gain OF ST.
659.09; in rents, income from property, ETC.,
there was a gain Of $356.s2; decrease in receipts
from all sources, S61, ,837.72 the number of pas
sengers carried the past year was 1857 ,375,
being an increase over the previous year OF 627,-
being an increase over the previous year Of 6 236,
800; the number Of tons of merchandise carried
the past year was 2, 1872 1854, being decrease OF
142,080; number of tons carried one mile 114,-
SOC, ,044 being decrease of S091 ,154; the num-
ber of miles run the past year was 4,92R0l4.
being an increase over the previous year of
The loss of gross revenue is owing to the gen.
eral depression in business during the past year
u be sne ew Tate at Ms freight coming from foreign
roafdfetGen locomotives have been purchased or
h ne II eGP o dfng enass the Tnsss as
penses Five o. these take fhe place Of others on
the western division, and fourteen on the eastern
division. Six locomotives-Nos 38, 4S and "a on
the western division, and Nos. 40, 135 aud 139
built and are now good for many years service.
Seventy-tWo engines have been in the shops for
general repairs and III others s nave o6e 6een IN I0r
tives 92 of which are our own, and 115 belong to
our leased roads. One parIor car, passenger
cars, "a fiat ears and gravel cars have been
built in our shops. One passenger car and so
coal cars have been purchased. The coal cars
and two baggage cars are additional equipment,
and are charged In improvement account; the
flgrOp0 aynlQSe. hundred
two United States car couplers have been attach
ed TO our freight cars agreeable to the law passed
at the last session of the Legislature. The usual
large amount of repairs have been made to fully
keep up the general condition of our passenger
The station at Rochester has been moved and
thoroughly remOdelled, making commodious
union station for our Great Falls y conway I N ana
| Portland g. Rochester and the Worcester, Nashua
| s. Rochester railroads. Extensive alterations
| station, to accommodate the increased business.
new turn-table has replaced the old one at
Kennebunk and one has been built at North Ser
wick. Iron bridges replacing wooden ones, have
been erected on the Eastern Division at Boyds
Road, JENKINS Brook, North Berwick, and at
Great Works, Danhole and Beach river; and on
the Western Division at Biddeford, over the AL,
at Tappan Cut in Saco. Extensive repairs have
been made on Fore river bridge Portland, and
Division, on the Boston, Beverly, Newburyport,
Portsmouth, Dover Point and Milton bridges.
There have been & lald the past year M 2a2 lS4 nes;
railroad, we have had built harbor float, for the
purpose of transferring cars from their docks at
| South Boston to our docks at East Boston. The
float will carry ten cars, and may be used to
| vey cars to any of the warehouses on the water
front, or tolother railroads Ferry-sps are built
at the landings so that transfers may be made at
any time of tide. The completion of the cantiley-
| er bridge at st. John gives us an uninterrupted
| connection with all the railroads in New Bruns-
| wick and Nova Scotia, from which we cannot fail
| to derive large increase in business. Leases OF
| Portland & Rochester railroads have been agreed
| upon by your directors and those OF the leased
roads, subject to the ratification OF the stockhold
ers Of the respective corporations. special
| meeting for the purpose has been called at Law
| renee Dec. 1st, 1885. The Worcester Nashua 4
| Rochester is a line from Worcester to Rochester,
| N. H. 94la miles long, passing through Nashua
| and many important manufacturing towns. Inc
| Portland & Rochester is 521s miles long, extend
| ing from Rochester to Portland, the combined
| roads paraleling our road for nearly lts entre
length.
The following is offered as an explanation of the
recent movement In Eastern stock:
"a banking house remote from Boston believed
il good thing in the future in Eastern stock,
and gave orders TO buy to Boston broker last
| spring. BY absorbing such stock as was offered in
| the market, block OF 12,500 shares has been OBJ
| tanned and sent away from Boston. They have
| stock with one OF two large blocks held by indl-
| viduals and seek to change the directory Decem.
e aaa mbeesng
| but enough to command recognition. These par
| ties have plan to make the stock diyidend-pay-
ing, not by breaking the lease but by the purchase
| of enough bonds to retire the balance of debt
above $4,000. Parties in sympathy with the
| movement have it is claimed, nearly half the
| bonds which it is necessary to cancel, and their
stock interest is large enough to make 1t an object
| to part with them at a reasonable price. The
money to purchase the bonds is to be raised by
the sale OF Eastern treasury assets and by other
| means, which 1t is not thought desirable 10
| mention"
THE NEW YORK AND NEW ENGLAND.
| A Hartford despatch of recent date reported Re
| ceiver Clark as stating that the New York and
New England railroad would pass into the hands
of New York, New Haven and Hartford In an
interview yesterday Clark said he did not say that
the New Hoven road would lease the New En-
| gland. His statement was ne would like to have
1t done. and he had so expressed himself for sew
eral years. There has been no contract for the
lease, hnd there is no new negotiation on the sub
iect He further stated he did not believe in any
case that the Boston ana Albany would build to
New YORK.