The Portland daily press., 1894-01-16
S17,o22.62
Surplus,

Surplus, S 2,022. 62
The total number of passengers car
ried during the year was 1869, 1928. The
traffic for the last six months showed a
decrease of So, 234 from correspond
ing six months of last year. This de-
crease is undoubtedly due to general
stagnation in business which affects all
transportation companies; 676,247 miles
have been run, 378.07S by horse and $685.
159 miles by electric cars.
Our snow bills for the past year were
So, 1904, an increase over the previous
year of SO, 867 %, and from this cause and
the large outlay necessary for electrical
repairs and renewals occasioned by the Sc
we're winter, our operating expenses have
been largely increased.
A new turnout has been constructed
on the Westbrook division, and paved
with granite blocks; and all the T rail
track on this line has been re-surfaced;
new switches and one new railroad cross
ing have been put in OH the Deering line,
and new girder rail track has been laid
from the tannery crossing to the curve
at Deering point.
On account of the change in the grade
in the street at ''Coyles gully in Deer
ing, we were obliged to widen the fill
and raise the grade of our roadbed five
feet at this point, and also to lower our
track from Noyes street south, so as to
conform to the street grade as estab-
lished by the city. The rails have been
re-bonded with heavy copper bond wires
from the head of Preble street to Deer
ing Point, and an overhead return for the
electric current has been established
from the head of Spring street in Deer
ing to the power station.
One new 20-foot car, new snow plo W
and tower wagon have been built at the
company shops for the electric lines.
The Spring street car house and build
ings connected, have been repaired and
painted two coats. At the Deering pow
er station a new 250-horse power boiler
has been put in, as it was not deemed
prudent by your directors to longer con-
tinue without reserve boi Ter equip
ment.
An artesian well has been put down at
the power station, and steam pump put
in. We now have full supply of water
for station purposes. An addition has
been built to the boiler room to accom-
modate the new boiler, and a small bull
ding has been erected for the steam
pump. A shed for the storage of carts
and sleigh cars has also been built in the
rear of the stable.
In accordance with the plans formulat-
ed last year channel has been dredged
across the property of this company and
and neighboring owners on Back Bay,
and pile of wharf erected. A new out
letto the sewer at Deering bridge has
been constructed across this property by
the city Of Portland, towards the cost Of
which this company has paid $796S7 as
its proportion as Der agreement hetwaan
the city and other parties interested. A
contract has been made for filling that
portion of the flats lying on the norther-
ly side of the sewer and the work is now
being done. These Improvements will
render available valuable piece of
property for purposes of the company
with access to tide water. The stock Of
horses now numbers 22s, 10 more than
last year, and the most of them are in
good condition.
These directors were reelected: VIM.
R. Wood, FL. M. Hart, VIM. A. Wheeler,
Charles F. Libby, VIM. G. Davis.