The Portland daily press., 1886-12-02
RAILWAY MATTERS.
KNOX AND LINCOLN.

At the annual meeting Of the stockholders
of the Knox & Lincoln railroad the follow
ing directors were chosen: John T. Bocy,
Francis Cobb, Geo. W. Kimball of Rockland; /;
Edwin o. Clark, Waldoboro; ID. w. Chap
man, Damariscotta; Eben Haggett, New
Castle; Henry Ingalls,, Wiscassett; John G.
Richardson, John r. Kelley, j. w. Wake
field, Bath. Resolutions of respect to the
memory Of the late Edwin Flye of New
Castle for many years a director Of the road,
were passed.
1t is predicted that the Knox X Lincoln
will soon be leased by the Maine Central. IL
Is reported that a canvassing committee finds
the tide setting very strongly that way along
the route. A gentleman connected with the
road is reported as saying Bath would vote
In favor Of the scheme, as 1t Is believed that
under Manager Tucker great results would
follow.
special meeting of Bath City Council was
held last Monday evening. Hon. j. ii. KIM
ball OF the sub-coDuittee, appointed to take
into consideration matters In connection
with sale or lease Of the Knox and Lincoln
railroad was present and by the courte-
sy OF the convention introduced and read a
set of resolutions pertaining TO the roads.
The resolutions, as amended, are as follows: (:
Voted, That It Is expedient and for the interest
Of all concerned In the Knox 4 Lincoln Railroad
that said railroad should be sold whenever q sat
isfaetOry prizes can be obtained therefor.
Voted, That the directors be and are hereby
authorized and instructed to procure from the
next Legislature the necessary authority permit
ting the cities and towns now mortgages Of the
Knox & Lincoln railroad to exchange their pre-
sent mortgage security for an equal amount In a
preferred stock Of said railroad whenever. each
and every one OF said cities and towns shall vote
so TO do by majority Of the popular vote, and
that any legislation which may be granted shall
provide that all Of said preferred stock shall be
DlaeQd with re4uOuSille trust
trustee until disposed Of by the unanimous con
sent Of all the owners there OF said preferred
stock TO be entitled 10 dividend OF the net earn
ings Of said railroad each year, but not ex-
eeedlng In any one year six per cent.
John g. Richardson, James w. Wakefield,
John G. Kelly we're elected to represent Bath
at the meeting Of the stockholders.
These gentlemen, together with number
Of stockholders in the road went. to Rock
land Tuesday to attend sthe annual meeting
OF the stockholders OF the road.
wIsCAssET QUEBEC.
The Quebec Morning Chronicle Iof Nov
2sth had this account Of the doing Of thu
agent of the Wiscasset and. .Kennebec rail
road; Hon. VIM. Atkinson Of North An
son, Me-. arrived in town, Thursday night
on business connected with the Wiseasset 4
| Quebec Railroad. Yesterday he was in con
ference with many of our leading citizens
| Next week he will meet the Board Of Trade
| and Iexplain his views on the subject, and
| the interest felt in it in Maine. On Wednes-
| day he met the directors of the Quebec Cen
| tral railway at Sherbreok. He Is desirous
| of consummating lsuch arrangements, with
| friends in Canada, and others interested, as
| will secure an early commencement OF work
on both sides Of the line, and a speedy com
| pletion of this great International highway
| In which Quebec and this district are SC
deeply interested, as well as our friends In
the important State Of Maine.
| EASTERN.
The Eastern Railroad directors have de
cided, when they issue the eompany's pre-
ferred stock in exchange for the bonds nov
deposited, to put 1t out in this wise: Fo
each $1,000 bond will be given seven share
of preferred stock, S71 in preferred stocl
scrip and S229 in bond scrip. The Director
| have voted not to issue additional stock, tina
| small dep0sitors may receive par for par, ant
the basis will be pro rata. The scrip will b
ready about December Sth, and the director
would like to deliver the preferred stock a
the same date.
BUCKFIELD RAILROAD.
At the annual meeting Of the Rumfort
Falls and Buckfeld railroad company he'll
yesterday morning. The old board Of officer
was elected as follows:
| Directors-Wm. l.. Putnam, Charles X. Mill
ken. w. II. Moulton, Sullivan @. Andrews, Por
land. Geo. c. Wing Auburn; Otis Hayford, Car
ton; Geo. ID. Bisbee, Buckheld.
The directors subsequently appointed tn
following officers;
President-Wm. L. Putnam.
| Vice Presdent-Otls HayfOrd.
| Clerk and TreasureT-R. @. Bradford.
| superintendent. l.. Lincoln.
PORTLAND ROCHESTER,.
At the annual meeting of the Rocheste
road, held yesterday morning. the old boar
Of directors was reelected. the annual II
ports were adopted and the organization a
postponed for two weeks.
NOTES.
The Journal says; There Is eonsiderabl
said concerning the Canadian Pacifc's use 9
Boston for its winter port. For the preser
Boston will be used for that purpose br
eventually st. Johns, n B.. and Portlan
will share the honor with Boston"