Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1886-12-06

Surplus for the year. S7s,sVs Il
Gross earnings for the year
ending Sept. seth, 1865. - s39,770 80
Gross earnings for the year
ending 5, pt. 3oth, 1856, 3,oor 0-6o0
increase in gross earnings, $l6l, ,296 20
Ex pense Tor IN. year ending
sept. both, 1889, el ,7S0, ,002 20
Expen,e Tor the year ending
Sept 30tn, 1850, l,sD,Ts l3
Increase In expenses, es9,e37 "a
Rental for year endina Sept
3Uth 1855, 4ls9, 600 90
Rental Tor year ding Sept.
Both, leSo. 100000 90
Intere-t for year ending
Sept. 3oth. lss3, $7ol,76s
Interest I r year ending
Sept. 3oth, 1855. 7o7,i1S %
Increase in interest. 5000 Oh
Net income tor year ending
Sept. 30th. 1885. 1l,ll6.7s5 20
Net income for year ending
sept. 5Oth, 1856, lls7,163!
Increase In net income, &7l,e3l OF
Number OF miles operated year end,
ing Sept. 3Oth. 1855, ts5
Number oi miles operated year end
ing sept. soth. loso. 53o
Rec ip. lor freight year ending
tpt. 30 h. less. ~ l,bo2.4as 10
Receipt, for freight year ending
sept. sch. sos, l'oso.sos IL
Increase. ss2,7oa o7
ing Sept. so,h. lss5' sl.i9oo7a 10
Receipts from passengers year end
ing sept. Soth. $50, l,2oS,so2 "a
Increa.e,i s7i.77o 40
BY the foregoing statement as compared
with the previous year, it will fbe seen that
the gross earnings have increased sl6l,-
296.70.
ha bos hepp pf
resultingtin an increase of net earnings ove-
last year of 81 .o3l07.
Your property has not only been well main
tained IN every resp. ct, but greatly improved
and all expense, except the purchase of real
estate, ha. been charged to operating ex-
pense.
The loss by freshet of the Augusta bridge,
in January, and the unprecedented snow
storm, late in the winter, materially increased
the operating expenses for the year.
Our travel, particularly to ard from Bar
Harbor, shows a large increase over previous
years, and to properly care for this travel
limited expires. train should be put on an
other season, running between Boston and
Bar Harbor.
The increased traffic has tasked our motive
power and rolling stock to the utmost. and
We shall be obliged to make large additions
to it the coming season. With increased
rolling stock, the necessity of new repair
shops has been made more apparent. Large
and commodious shops are now being erected
at Waterville, to be equipped with the most
modern and improved tools and machinery.
The capacity of the new shops will enable the
company, he reafter, to make its own repairs
| to rolling stock, and if desired, to bu,d its
own cars and locomotives. The cost of the
shops will approximate, two hundred thous
and dollars, which the company has provided
for by an issue of debenture bonds, bearing
"A per cent. interest, maturing in 1916.
The Seba.ticook & Moosehead Lake Rail
road Company has tuilt its road from Pitts
field to Hartand, and.Lit is proposed to ex-
tend it to Harmony another year. This will
he a new and valuable feeder to the Maine
Central.
The large increase of through travel has
brought the subject of building a Union Sta
ton at Portland to the consideration OF the
directors: while definite action has not been
taken, it is hoped that ere long Union Sta
,;on will be erected, which will make an i'm
nortant saving of lime to sill through travel
bv avoiding running trains in and out of Com
mercial street station. The decided favor
which the Congress street station, established
two wear, ago, has met with from the travel
ling public, seems to demonstrate that TINS Is
tho right location for Union passenger sta
ton.
We have built the steamer "Ssppho" this
vesr for the ferry service at Mt. Desert
She has proved very satisfactory to our pat
,ons and is re garded as one Of the best steam
| .r. of her class on the Atlantic coast
Our relations with connecting roads are OF
the uost friendly character, and all condi.
t;on. seem TO be favorable to continued
growth of prosperity.
You are respectfully referred to the re-
MORT. of the general manager and treasurer
r;,h table. annexed, for further detailed in
formation a. to the condition Of your prop
erty.