The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1886-06-26

table of this road, to go into effect Monday
next.
BOSTON AND MAINE.
The changes for the summer in the trains
ON the Boston land Maine railroad will go
into effect ON Sunday next. Appended is an
official synopsis of the most important ones.
On the eastern division additional White
Mountain trains will leave Boston at $50 a.
M. and 1.30 p. M, arriving at Fabyans at 1923
and 730 p. m. Additional trains leave Faby-
ans at 935 a. M, and 2.1O p. M; ; North Con-
way at IL a. m. and $3.50 p. m; Wolfeboro at
II. 20 a. m and 4.05 p. m. 4; arriving at Boston
at $50 and 8.35 p. m. Other changes will be
found in the time table.
On the western division an additional train
for the White Mountains will leave Boston
at $50 a. m., arriving at the Fabyan House
at 1913 p. IN. A train will leave Boston for
Portland at $50 p. M, instead of $50 p m,
arriving at Portland at sos p. H., the same
as heretofore. A train will leave Boston for
Portland at 6p. M, arriving in Portland at
10 D. m. An additional train will leave Port
deford at 600, Dover at 7.12, Exeter at 100,
Haverhill at S.18 Lawrence at 1888, arriving
in Boston at 9.23. Additional trains have
also been arranged between Dover and Ports
mouth, Biddeford and Old Orchard and Port
land, in both directions, to accommodate the
summer excursion business.
THE oGDENsBURG's LEASE.
The recent lease of the Ogdensburg q Lake
Champlain railroad to the Central Vermont
company, giving it, with the line of lake pro-
pellers controlled by it, an Independent
through line to Chicago and Duluth, has ere
ated considerable commotion in certain rail,
road circles of Vermont. 1.-TWO years ago,
says a despatch to the Herald from Swanton,
vt, "the Central Vermont party turned up
at the annual meeting with control of stock
of the Ogdensburg & Lake Champlain.
few days since it was voted to ratify lease
of the road to the Central Vermont compa-
ny. This lease runs for 80 years, with pro-
vision that it shall then be renewed, provid-
ed the charter of the Central Vermont is ex-
tended. The Ogdensburg & Lake Champlain
falling into the hands of the Central Yer
mont, leaves the st. Johnsbury q Lake
Champlain road, which is leased to the Bos-
ton & Lowell, without western outlet at all
except by means of small steamer plying
on the lake" To remedy this embarrass-
ment, the despatch says, secret conference
was held this week at Maquain, at which 1t
was agreed that the paramount necessity was
the breaking up of the control of the Ogdens-
burg & Lake Champlain road by the Central
Vermont in some way. and 1t was decided
that the best and most effectual way was 10
obtain control of a majority OF the stock, and
thereby render the breaking of the recent
lease comparatively easy matter. If this
plan fails, then the programme is to attack
the lease through such of the minority stock
holders as can be induced to cooperate, as
there is some ground for claiming that under
the laws of New York railroad corporation
in that State has no right to lease its road to
a corporation in another State.
BOSTON & LOWELL.
A vote has been passed 'that the directors
are hereby authorized and empowered to
purchase for this corporation the stock, bonds
and property of the Boston, Concord & Mon
treal railroad, the Pemigewasset Valley rail-
road, the Whitefeld & Jefferson railroad
and the St. Johnsbury & Lake Champlain
railroad or either of them, to such an
amount and upon such terms and conditions
as the directors shall decide to be best for
the interests of this corporation"
WORCESTER & NASHUA
The advance in Worcester & Nashua, from
1891 to 140a, Thursday, with private sales at
| 141, was based upon the announcement that
the per cent semi-annual dividend is to be
continued, making the road a permanent
per cent investment. The Boston Advertis-
er says: 81 am unable to understand how
this can be paid from the earnings. The
rental from the Boston & Maine is $250,000,
and the fixed charges $S1,25O, leaving ball
ance of $16S,75O, OF just enough to pay 81
per cent per annum upon the S3,O64, ,oOO Oh
outstanding capital stock.
"Of the bonded debt, 1915 000matures May
| /, 1887, and arrangements have already been
made to refund it at per cent; but 1t Will
| not be until the subsequent issues OF $25O,OOO
| maturing in 1898, 100000 in 1894, and $780,
| 600 in 1895, are similarly refunded at per
| cent that enough will be saved out OF the
earnings to pay the additional one-half per
| cont dividend IL must he remembered that
| the bonded debt is small and the share capl-
| tai large. If the extra one-half per cent IS
| paid, therefore it must be from cash in hand
| for some years to come. The worcester q
| Nashua sold all of its equipment, which was
| inventoried in the last annual report at S415,-
| 336.03 to the Boston u Maine"
| THE CANADIAN PACIFIC COMING TO
| PORTLAND.
A special dispatch to the Halifax Chroni-
| Gle, dated Ottawa, June 23d, says
The Atlantic and Northwest railway,
| which is an off shoot of the Canadian Paci-
| tic, has completed the purchase of the Stan
| steam, Shefford and Chambly, the Waterloo
| and Magog, sMississquoi and Black River
| Valley and the International railway OF
| Maine. This gives the Canadian Pacific road
| direct communication with Bangor and Port
| land, which ports will be itheir eastern ter
mini. The purchase of these roads was only
| delayed because the government did not wish
| to announce it until after the Nova Scotia
| elections.
The Halifax Herald correspondent says
the same thing and adds that "a special gen.
eral meeting of the shareholders of the At
| lantic and Northwestern has been called for
| the 21st prox.. to authorize the purchase OF
| the above roads, as well as to- consld-
| er and authorize the assumption OF con-
| tract made with the government of Canada
| by the International company for the con-
| struction in part of a railway connecting
| NoDtraol and ST John and Halifax"