The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1895-09-10


dends, 1911. 65 1916 ID
In February last your directors voted
| to hereafter declare and pay dividends
| quarterly instead of semi-anrually as
| heretofore, and, accordingly, during the
| fiscal year covered by this report, there
| has been paid one semi-annual and two
| quarterly dividends, all at the rate OF tive
| per cent per annum, as will appear IN re-
ports herewith submitted.
| With the increase of tTaf11c which
developed early in the year, it became ap-
parent that more equipment must be ,pur-
chased, and, accordingly, there has been
added new cars purchased of the Pullman
company, Chicago, and new locomotives
purchased of the Schenectady Works, the
details of which appear in the superin-
tendent's report. All of this equipment
is of modern pattern and furnished With
the latest appliances.
Your line from Poland Springs juno
ton to Rumford Falls, distance of 81. 9
miles, is now laid with fifty six and sixty
pounds steel rails. With the constantly
increasing traffic, it has seemed desirable,
when replacing this steel, to put IN
heavier pattern, therefore one mile OF
Pennsylvania Steel company, pattern,
seventy pound rail has been laid during
the last year. This brings the road up to
the desired standard and has proved SO
satisfactory that your directors are now
of the opinion that this should be adopted
as the standard pattern for future pur-
chase, and that each year portion OF the
lighter rails should be replaced by this
seventy pound pattern. The properly
has been materially improved during the
past year ana still further improvements
are now in progress, notably, the new
steel bridges, to which reference is made
in report of the superintendent.
The industries at Rumford Falls have
shown great progress the past year and
the population is constantly increasing.
The business industries are being con-
tinuaHy enlarged, while new mills are
now In process Oft construction, notably
the plant of the Stllphite company, which
is nearly completed and ready for opera
ton. This industry will add every
materially to the traffic of your road and
will be one of, if not the largest con
tributor to your freight earnings. 1t is
gratifying to feel that the industries at
Rumford Falls are now so extensive and
| diversified that the income of the road at
this point is not dependent upon any one
| industry.
The construction of the Rumford Falls
| and Rangeley Lakes railroad (Which Is OF
standard guage), has been completed to
Houghton's, a point eighteen miles
distant from Rnmford Falls and IN the
early spring the line will be ready for the
running Of passenger trains through to
Bemis, distance Of twenty seven and a
half miles from Rumford Falls, on the
shore of Lake Mooselucmaguntic, and
there will also be completed this fall
| twelve miles of branches tributary to this
road, from which your directors expect a
substantial increase of traffic
The new iron bridge across the Andres
coggin river at Dixfeld will furnish
better facilities for reaching the country
lying north and east of Dixfeld, and this
will naturally result in an increase OF
traffic at that point
We are still indebted to all employees of
the company for the care which they have
exercised in behalf of its interests.
Treasurer r. G. Bradford makes this
report general exhibit of the year which
has already been given in the report OF
the directors:
The operating expenses arc stated at
500. 1885, As, maintenance OF equipment
S. $50. SO, conducting transportation
$53, $40. Al, general expenses So, S35.0S.
Superintendent Lincoln of the road says
in his report. The number of miles run
by passenger trains was 81, 023; by freight
trains, 63, 59S; by working and switching
trains, %, 217 making a total number Of
Bituminous coal used was 39S1H tons. Of
this amount g. 948 tons were used for
locomotives and the remainder for pump
ing and hosting engines; and anthracite
coal, 1873 tons for heating stations, cars
and water stations; wood 271a cords for
locomotives
Two locomotives, two first class pas
senger coaches, and one combination
mail, baggage an express car, have been
added to the rolling stock The roadbed
has been maintained and improved, 1876
tons new steel rails laid, 591 rods wire
fence, and 5515 feet of snow fence built.
All bridges are steel or iron and station
buildings are in first rate condition.
The annual meeting of thelconpany will
be held at 10 o'clock this morning.