Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-11-14


ion of the Council seem justifiable, af
ter they have heard the facts of tn,
case Chase shot a woman in Portland
in 1887, and pleaded guilty to tn,
| charge. He was formerly from Gardi
ner.
Charles Plunkett, who was commit
ted to State prison in February, 1897
from the Kennebec county court, 70,
assault with intent to kill, will also asl
for pardon
The returns from the Electric rail
roads for the past year are still com.
ing in, and though the business don.
by many is very large, few have mad.
much money after paying expenses and
interest. The Portland Railroad, be-
side doing the largest business OF any
electric line in the State, has the great
est profits from it's years business.
The following are some if the returns
from the roads recently received:
Bangor. Hampden & Winterport-
Gross income from operation, $9O81 0s
operating expenses, S5S160; gross in
come from operation. $499.43 After
paying interest and other charges de-
ficit of $96.40 remained.
Bangor, Orono & Old Town Railway
Co.-Gross earnings from operations,
$63,675.99; a decrease of 1882 20 from
the previous year; operating expenses,
$56,230.57, an increase of $1459329: net
income from operation, $7445.42. After
the interest charges and taxes amount
ing to $9735.56, there was a deficit of
$2290.14. A dividend of per cent, was
declared on the common stock amount
ing to $4,000 which it appears was taken
from the surplus of s10,551.97, which ap-
peared to exist June 30, 1897. In 1897 a
dividend of Il per cent. was declared.
After all deductions a total surplus Of
$261.S3 existed, June 80, $685. A. j.
Durgin, l. 8. Libby, F. o. Beal, Elias
Milliken and Sarah G. Milliken are Civ
en- as the directors.
Bangor Street Railway-Gross in
come, s65,291.Ss; operating expenses.
4,164.11; net income from operation,
%A1,i-'.Si. <AIlcI pay liiS Interest dIu
taxes, $12,7S7.52, a deficit of $166025 re-
manned from the years operations.
The deficit of the road, June 80, 1898,
was $11,03S.44.
Bath Street Railway: Gross income
50, 265.S0; operating expenses, S14, 1899;
net income from operation, $7132, IL
After deducting interest charges and
taxes $3S91.33 and $500 dividend of ~
per cent. on, preferred stock surplus
from the years operations of $73S. 3s
was left. The total surplus, June 30.
1898, was s1S93.4S.
Brunswick & Topsham Electric
Railway: Gross income, $4S1640
operating expenses, $5OO4.13; deficit
June 30, 1898, s1S7,73. .,,
Waterville & Fairfield Electric Road:
Gross income from operation. $4O.
22S.97; operating expenses, $31,076.4e
net income from operation, $9152.51
income from bonds. $4,000; gross in
come above operating expenses, $685.,
1881. There was expended for inter
est on the funded debt, $4,000 and for
water power, power house, cars rails
copper wire, interest. etc, $14,152.51
the aggregate of which exactly balan-
ces the gross income above operating
expenses.
Calais Street Railway: Gross income
from operation, $2325l.70: operating
expenses. $1S,5OS.5S; net income from
operation, $4743.12. After the payment
of interest charges and taxes a deficit
of $17S6.91 remained. The total deficit
June 80 was 10,150.S7.
The Portland Railroad while doing
the biggest business makes the best
showing of any Electric railroad in
the State. It's gross income was $780,
126.4S; operating expenses, $201, 55t 50;
net income from operation. 1874. 56S. Sc.
After paying interest charges amount
ing to $31,51S there remained net
Invisible income of $63,049.93 and after
the payment of a per cent. dividend
on common stock of $29,65S surplus
for the year was left of 33,391.93. Ad
ding to this the surplus of s21. 106.06 of
June so, 1897, the total amount was
$54,39799. Deducted from this, how
ever. is s29.334.63 for profit and loss,
construction, equipment and buildings,
leaving the surplus June 80, 1898, $685.
06336.
The Portsmouth, Kittery &, York
olIScl ItdlWdy IildkeS II IlIlc SIlOWluS.
The gross income was $41, 2O6.O9; oper-
ating expenses, $23p43.333; net in
come, s17,3S276. Deducting interest on
funded debt, $14l152 and other things
a net Invisible income of $15,037.97 was
left A dividend of IL per cent. on the
common stock was declared amount
ing to s5245.00, leaving surplus of
S979297.
Lewiston & Auburn Horse Railroad
Co.: Gross income $50, 101.73; operating
expenses. $40,275.05; net income SILL
S26.68. After paying interest charges
S6S97.16; interest and discount on I'M
funded debt, 1923. 1876 and taxes $495; a
deficit of Sill, 322.OS was left. The total
deficit. June 30, 1898, was 1,45S75 It
is noted that this road has been merg-
ed into the lewiston, Brunswick &
Bath Street Railway.
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