Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1894-12-13

system, and had also planned double
track for the same reason from OldtoWn
to Hcrmon, through Bangor and had also
caused to be prepared plans for new
station at Brunswick. and had in contem-
plation a new bridge across the Pcnobscot
river on the Bar Harbor and Bucksport
Branch. But the collapse in the business
of TRANSFORMATION rendered such work for
the time being not urgent, and Impossible
of accomplishment except at an expense
not warranted by the income and there
fore oil such new work was suspended.
The directors deemed 1t to be the part OF
economy, however, at time OF most severe
financial depression to replace two bridges
across the Kennebec at Waterville, one
across the Androscoggin and one at Lewis
ton with new bridges of the heaviest CON
struction. because with the Increased
weight of our locomotives we believed we
owed it to the public, no less than our
selves. to omit no precaution looking 10
the increased safety of life, limb and pro
perty.
az orr last wears surplus, sixty thou
Sand dollars $3.50, 00O) was credited to a
bridge fund. The excess of the cost OF
tbr above named bridges over and apove
snid $50. 900, and the amount received for
the old bridges (said excess being about
| SAG ooO has been paid and charged TO
operating expenses. o.
We deemed'is also wise economy TO
.,n,,co twenty of our Oldest LOCOMOTIVES
VIII n like number of new machines Oh
mo5orn construction, and to purchase
one hundred freight cars 10 Keep W.
CONTINENT good in preparation tor 'he
/ 81;
70 the road. This rolling stock as las' us
delivered is charged to operatihs eAp.
Nothing has been charged 10 cons.i =. ~ =
during the past year, the account s''''''''7
the same as it did one year ago. :. ,,s
II would be folly to assert tna' n'
been an easy task or a pleasur'.pie un
taking to manage properly Oh ,ile ni. t.
tude of the Maine Central sssoein' . 49,
oughIy equipped and furnlsheu ~, o
ness larger than it had ever set .. 500
and see its gross earnings IAN on So -,
| ,56 81 in n single year, but sucn mas Do oa
the history of the operation Oh inns .;.b;,,
| during the past year, ana IL Is onis
tho last two months that nnarho" ''
nrovement has been perceptlple' -,
| In NAV 1893 the management issueu :,
arst orders for cancellation Oh trains - 60,
ratrenchment in all directions anu s,ne.
That time reduction of operating eAp ,,n.,,,
has has been practised in every de pa. ,,ni'
Of the property, consistent with .nt i,, 81
% tan .no Of such physical condition a 81
, ,en" nroperty as should make the ru,,u
en,,al 70 the performance in the mos. v,.u
s ;tahie manner of its duties as a ooii'ii'on
= would not be economical to all Oh tne
.,,,.sic,l condition of the road or i's equ'p'
iiis W;.h \ gross loss Of $500 oao'at we
NET loss Of s3s, 045.3s.
shg Th;s result has not been reached VIII. WIN,
-. sacrifice on the part OF every person
o ;u th H, employment of this company, ,.,
!" nnring the critical season OF h's' .ua 'a,
pu'' rsiations between employers ana
wn ,.,,,,cs were strained in many oil the
r ,. y ,,roor,,tions of this country, 'he
i..sl,,genre and LOYALTY OF the employs %,
- .his company constituted an npass'.o =,
narrlpi Ha persons from beyond the
, m,su IL this State, who sought 70 SON
ii' .,.of iissei on here and the relation'
49, the management ana the olera'