The daily morning journal and courier., 1895-09-18
RlI1RoAD NOTES.
The Annual Showing of the Boston and Maine Road-what President Lucius TuttIe SaVs About the Road.

The Annual Showing of the Boston and Maine Road-what President Lucius Futile says About the Road,
 The annual report of the Boston and Maine railroad for the year ending June 80, 1895, is a pamphlet which sharehold- CTS will like to read and preserve, read because the story told Is a pleasing one and preserve for historical purposes and for the inclusion of an excellent map and the Concord and Montreal lease in the pages. In addition to what has al- ready been published come these inter- eSting details:
 The number of passengers carried dur ing the year was 92, ,3S0,241, a decrease of 1,OO4621; carried one mile, 444, ,496, GAO Q decrease of 3,03S,0S1 tons of merchandise carried. S,SS1, ,322 an increase of 992, ,049; tons carried one mile, 535,67l ,S45 an in crease of SC, l49, ,797, The average fare for passengers was l745c, against 1764c in 1894 and 1.S03c in 1895 The freight rate was 1.545c, against 1546c in 1894 and 15SSc in 1893.
 President Lucius Futile says, in part: Compared with the preceding fiscal year the revenues from the operation of your property have shown marked and satisfactory increases, notably during the last half of the period covered by this report and your directors have therefore considered it expedient to re- sume sundry large expenditures for per manent improvements that had been suspended or postponed because of the general depression that prevailed dur ing the greater part of the years 1893 and 1S94.''
 The operating expense included $S95,- 147 for permanent betterments, DOT tion of which, however, as in the case or new passenger stations at Lynn, were in part renewals. Only five shares of common stock were issued during the year. There are 3762 shares in the treasury. On the 30th day of June the total number of shares of stock (exclud- ing those owned by this company was 2O5667, held by 6293 shareholders. Of the latter, 4,034 resided in Massachusetts and owned 124,215 shares; 1 ,403 resided in New Hampshire and owned 32,7SS shares, and 477 resided in Maine and owned 140S7 shares. The remaining 34- BIT shares were owned by 379 persons residing outside of the above-named states.
 The mileage of the Boston and Maine is 2,776, the Concord and Montreal add ing 414 miles. The equipment consists of 566 locomotives, 1,028 passenger, bag gage, mail and express cars, 9,914 freight cars, 2O6 caboose cars, 142 tool and road cars and 69 snow ploughs. To quote further:
 ''For the separation of grades at crossings of highways $273,5S1.72 has been expended during the year; but as in each case the work is still in progress, or the final settlement with the state and towns participating in the cost has not been made, this expense has not yet been distributed, but is placed as sep arate item in the general balance sheet The immediate extension of the second track of the Gloucester branch from it's present terminus at Manchester, Mass, to Magnolia, and the reconstruc- tion of the passenger and freight sta- tions and yards at Manchester, are nec- essary for the expeditions handling of the large and increasing traffic of that vicinity, and this work has been au- thorized and will be begun at once. The total cost will be about $100,00 Compli- ance with the United States statute re- uuiring the equipment of all freight cars and engines used in interstate traf- fic with automatic couples and air brakes will make necessary an expen- diture by this company during the next two years of about $1,00000o. The work of equipping cars and engines is pro gressing favorably, and will be system atically continued with the expectation that it's entire cost can be included monthly in the roads current operating expense"