The Portland daily press., 1886-12-06
Earnings over Expenses, Interest
and Rentals, s2ei ,6o6.7I.

Earnings over Expenses, Interest
and Rentals, s2ei ,6o6.7I.
The Maine Central Railroad Company
have made their annual reports. which will
be presented to the stockholders Dec 18th.
From them we take the following statistics
DIRECTORS REPORT.
The directors make their oath annual re-
port:
Gross receipts for
~ months: :...... s3.0o1. .076.09
Expenses Tor IL
mos. Isl, ,7G2,s11.e7
taxes. ............ 57,a2s.44
Net earnings from business. .......sI, $780, ,335.so
during year...4.'.s S..4 7O7,l29ee
Less rents received 7,4OO4l
099,72925
Rentals paid 4. s.
N. A. Railway. ...S 125 100000
Rentals paid Belfast
4. rec VS,'"'a1 - = 100000
Rentals paid Dex-
4. c.. 0 ..... - 100000
Reatals paid East
= ''"'s : - -~ e---~-S sss, ,729.s5
Earnings after deducting interest -.
and rentals. .......... ........3 20l, l,6O6.7l
Dividend paid Feb.
Is, % per cent? - 107.796.0O
Dividend paid Aug.
lb, % per cent?. lOT,5O2 90 ~.
Surplus for the year...............s 76,VOo7l
CIR tss earnings for
the year ending
sept. 80, 1886. So ,S39, 1889
Gross earnings for
the year ending
Sept. 80, 1856. 3,oO1 ,o76.o9
Increase In gross earnings. 6i,2o6.7o
Expense for year
ending Sept. 80.
lS6o..............Sl,1 ,13J,0OA.ZO
Expense for year
ending Sept. 80,
looo-..ss....ss i,oSO.f+p.io
Increase in expenses. s9,S37.s4
Rental for year end
ing sept. .3tb loS5.S 1S9,OOO.OO
Rental for year end
Ing Sept. SV,l5S6 159,O'OOO
Interest for year
Guiding Sept. 30,
1913 ....-.........S 1Ol ,7oo.0O
Interest for year
ending Sept. 30,
1906 .....-.... TO1,izSOo
Increase in interest. 5,363.Oi
Net income foryear ending Sept 80, 80
Net Income Tor year ending sept 80
looo.... ..-.s...s.s...s....s... lYAoft1oo'of
Increase In net lncome..........s 71.03l.O7
ending Sept. 80. 1855 1856. ....,...... -. @ 535
ending Sept So fsss. a... ........,.. -. @ 5s5
Receipts for freight for year ending
sept. 80, 1880. u boz ,4oSzo
Receipts for freight Tor year ending
sept. 80, lSSo....................- l,5So,464.l2
Increase. se......................s s2,7o 81
Receipts for passengers for year end
ing Sept. 80. 1885. S5................ S1,190,O73,7S
Receipts from passengers for year
ending Sept. 80, lSs6............. 1,264,552.2f
Increase .........................S 74,7I5.4b
The gross earnings have increased s161,-
296.70, and the net earnings s71, ,O3i.07; year
Of prosperity. The property has been well
maintained. greatly impr we'd and all ex-
penses, except real estate purchases, charged
TO operating expenses. The loss Of the Au-
gusta bridge by freshet, and the great snow
storm last winter, materially increased the
operating expenses. Owing to large increase
in Bar Harbor travel, limited express train
is recommended between Boston and Bar
Harbor. The increased traffic makes more
rolling stock imperative. The new shops
erecting at Waterville will cost about $4,000,
provided for by debenture bonds, at Al per
cent, maturing In 1916, and will enable the
company to build its own cars and loeomo-
tives If desired, and do all repairs. The Sc
basticook and Moosehead Lake Road, opened
from Pittsfield to Hartland, 1t is intended to
extend another year to Harmony, and it will
prove great feeder to this road 1t is hoped
the Grand Union Passenger Station will soon
be built where the Congress street station
now stands The steamer Sappho has done
good ferry service at Mt. Desert. Relations
with connecting roads are most friendly.
TREAsUREE's REPORT.
Mr.. J. A. Linscott's report shows the fol-
lowing figures as result Of the years busi-
ness.
sengers.,... Isl. .1eo073.7s s1,2st,s5a.2 "a
Earnings N freight, 1909 45s.25 l.5s5.4e4. 2
Ssgfss' %1I, 1875 sSSS9So lci9SS.os ci,9SS.SS
: L ia ''i'ss 5ssssss- S' y s.eso4o a.oo5.7I
Total transportation
earnings. ,.-........ Sz.od9f4 fSa5 Sd,uVl,VfoV1
Earnings from rents,
sarriSS eeiiaaeSas, anu '' 7,s2s2o 7,4oon
Total gross earningss2 SAT 6O7. 90 S3,OOs, ,47G.5O
Less operating eX- -
pcnSts, ,.......s..... lsfousoo@s@o iio@Ns ffV.lo
Net earnings. ngs........sl,l1G.7O5.3O s1,1s7. 1851
Less interest, ........ O1,7O6.Oo IO1 1,l2o.ob
Less rent European
& North American
Railway, ....... 125,0OO.Op l2o.5OO.OO
Less rent Belfast 4
Moosehead Lake
Railway, ,........... 36,uOO.OO 5O,Olu.Oo
Less rent Dexter &
Newport Railroad, 100000 1S,GOO.OO
Less rent Eastern
Maine Hallway. 100000 0.5OO.OO
Total interest and -
rents, ,.............. SoJo,foo.oo SoJo,i<oHo
surplus. !. ........ s225,9ss.65 s29l ,oOG.7i
AUDITORS REPORT.