Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1889-12-19
PAYsoN TUCKER ELECTED
To FIJI the Vacancy ocoasioned by ths
Death OF Darius Alden

PORTLAND, Dec. is AT meeting Of the
full Beard of Directors Of the Maine Central
Railroad, In Portland. Wednesday afternoon,
Payson Tucker was unanimously elected to
Ill the vacancy caused by the death Of Col.
Darius Alden.
The report shows: Gross earnings, e3,-
s2s. .26l 81; aDDss expenses. 81 5l4,7t5 Al /;
net earnings. t1,Sl3.446.l0; earnings after
deducung interest and rentals. $500. .220 50
increase in net i.come, $l32 992 ". The
following directors were reelected; Arthur
Sewali, George c. Lord, Amos Paul, VIM.
G. Davis, Frank Jones, Samuel C. Lawrence,
John Ware, II. N. Jose. Richard Olney,
s. Kicker. Thomas W. Hyde. Francis W.
Hi.
Resolutions on the death of the late Darius
Aid. n were adopted.
Tribute from Hon. J. W. Bradbury.
After the resolutions had been adopted BY
the meeting Hon. james W. Bradbury of
Augusta, srose and 8 oke - follows;
nv. President, l knew Colonel Darius
Alden for many years. and personally knew
OF his many services to this company. At
one critical point in the history Of the road
he. in company with two other well known
gen,lem, o. pls ced mis- et tire credit to avert
impending disaster. These three men were
Colonel Alden, Judge Rice Add Governor
Coburn. Colonel Alden deserves the tribute
that you have given him.
On the organization of the Portland and
kennehec railroad company in 1868, Col.
Alden became q director and continued in Of.
fee until the merge Of that company in the
Maine Central railroad company. When, on
May l2, 1871, the Portland and kennebec
railroad was leased to this company he be-
came one of The dir ctors, and held the posi-
ton continuously until his death. he was
the senior member of the board both in years
and in continuous service. OF those associ-
ated with him in 1868, but one survives him
and even of his co-directors in 1871. but
three are now living; Governors Morrill, and
Cnburn, Judges Sherley and Rice, and Di-
rectors Browr. Sewai. Patten. Locks ood,
Dunp. Hagar, and riilander Coburn had
gone before Snd left hin almost alone. To
b, associated with srca men, for many years,
in cor fije, tisl buslor. relations necessarily
rraniring mutual COT n !ence. is tribute to
Col Alden Of yer, hgh character. =
When he becan,e e INJECTED with the rain
road company, raiiruading in Maine WAS
=. ally ;r its infancy; the problem OF compe-
t,tlou with carriers by water had not only not
been solved, but it was generally taken for
granted that il Was impossible for railroads
to comp, te successfully with them; and the
particular enterprise in which he enlisted
was almost in the throes of death. But with
his far. seeing business sagscity. he had con-
fdepce that with q change of policy, the
property would become a valuable one. In
This co, fidence, he never wavered down to
the latest day of his life.
He soon became q large owner OF the stock
of the company and for many years had been
the largest individual stockLolder thereby
showing unmistakably his confidence in the
safety Of the stock a. an investment and Civ
ing to his fellow stockholders the assurance
tbs, his energies would be devoted to the pro-
motion of their Interests iu common with his
own lie believed that the protection of the
rtockholders was the surest security for the
bo ,dholders. A wise caution. based however
upon his conddence in the sncces' OIL the en-
terprise, characte rized his action ~ director.
He was q constant attendant at the meetings
of the board. having missed but very few
during the whole time Of his service 10
promote ,he interests of his company he used
his time. thought. ind0mitahle energy ana
credi, almost without stint; and there was .
time when n the credit Of thu company was sus y
tanned only by the personal credit of himseu
and a few others. Buthe lived TO see the
rtrise a grand success, not only paying
divide ds upon its stock. but also developing
to An almost unhoped for extent, the resouf
ces of our State. The Stockholders OF tue
Maine Central Railroad conpau. and the cit'-
zens of Maine owe mnch to the ability, sag
ac,sy and energy of Darius Alden.