The Portland daily press., 1888-12-06

poRrLANn AND RocnEsrER.


The annual meeting of the Portland &
Rochester Railroad Company was held at the
office on Plum street yesterday morning,
President Wescott in the chair.
Directors Report
President Wescott, for the directors, re-
ports that the account of the road when COM
pared with the previous year will show that
the gross transportation earnings increased
S7,672.36, while the net earnings decreased
s2,25529. The difference is accounted for in
the increa ed expenditure for improvements
to track and buildings of S6.492, and S7,55S
expended on motive power, in excess of the
previous year. Buildings, in the form Of
platforms aud awnings, were erected at
Portland, Westbrook Junction. Cumberland
Mills, Gorham, Saco River, Centre Water
boro, Alfred and East Rochester. At Roches-
ter the old depot has been moved off and
sold and the lot leased. All the passenger
stations from Gorham to East Rochester
have been repainted and repaired, and new
hand-car houses built at Hollis Centre,
Springvale and East Lebanon. At Gorham
a lot of new pipe has been laid.
The road bed and track have been much
improved by new ties and ballast; 2l,951
cedar ties and 16,050 pounds Of spikes have
been used and seven miles of track have
been thoroughly ballasted. The ledge cut
near Gorham has been widened, and the 1000
yards of ledge used in repairing the Margin
al Way. new trestle was built, and a
track 1146 feet in length laid, between
Tukey's bridge and the Grand Trunk road,
and repairs made to the old trestle, giving a
double track at that point. The bulk head,
outside tine Marginal Way, was repaired
using 442 piles and 10000 feet OF plank; new
abutments were built under the two bridges,
and new stone wall at the Marginal Way
| sluiceway A first class iron bridge was
built at Shaker Pond, set Of American
Safety Railway Gate Company's gates put in
| at Ocean street, Deering. and set Of Flagg s
gates at Stevens Plains avenue. besides
| minor work done; 3452 feet Of side track was
laid. miles Of new fence built and of old
rebuilt, and 26S feet Of snow fence erected al
Buxton and Hollis Centres.
The equipment was increased by buying
| 10 new flat and 81 dump cars; 2 fiat cars
were built, and double end hange car made
for clearing tracks of ice and snow. The re-
| pairs to locomotives were large, the Nara
| cansett was rebuilt for S5000 5000 wert
spent on the Worcester, 5000 on the Roches
ter, and $4,000 on other engines A Beaudy
power punch and shears, 2 section hand car'
and 2 push cars purchased. The increase
3S, ,342 local passengers speaks for the loca
train service. About 44S6 tons of coal and 4.
cords of wood we're used.
S1periRtendeRfs Report.
Mr.. j. w. Peters's, the superintendent, re
port shows 195,O9l miles run by trains thi
year, against 192, 1851 last, and 121. 100 tons o
freight hauled In 1888, against lie, 1853 in 1851
with 252, asa passengers carried, against II
112 in 1887 206,978 in 1886. and l76,s29 Il
1885.
TredSurer's Report.
The tteasurer's. Mr.. ". H. Conant, re
port shows gross earnings, s20i, ,95o4S, and
net earnings, S4t, 1866 So; operating expenses
163,572.S7; dividends paid, S3J,5lIS3, ant
surplus. S5,s48.73. The general expenses o
Office and property were 26,974.S7 ;passenge