The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1898-09-29
PORTLAND & ROCHESTER,
Seventeenth Annual Report of the
Directors.

The seventeenth annual report of the
directors of thu Rochester road is out,
and will be presented at the annual meet
ing on Monday next. 1t is written by
the president, Hon. Geo. P. Wescott.
These figures and statements are given:
| Gross transportation -.
| earnings, S255. so. 80
| Oueratinp expenses. 207, 003. 95
Net earnings. 46, 800. SO
I sources ~ ~ 4,so7. SO
Total income. S51, 1T. 90
Taxes and interest 1850. 10
Surplus of net earn
ings over fixed
Dividend paid July
Is, 1897. SIT, 1853. II
Dividend paid Jan. 49,,
Is, 1898, 17,762.n
Balance in excess of
all charges and div
idends, Us, o92. so
| This amount has been carried to the
following accounts:
| Improvement fund
for maintenance of
| way and bridges, 100000
| Injury fund, 100000
| Profit and loss, ~. 81
Is Gross earnings have increased as fol-
lows:
Freight earnings, $40, S45.52
! Passenger earnings, 30 80
Total, ---- S11 ,056. ~
The gain in freight tonnage was 81, 1853
tons, in passengers transported 1889
persons, while the freight and passenger
transportation expense increased 1,S4s. 81.
| We have secured release of the grade
crossing at Belmont Place, Deering, and
closed the same to public travel.
In the maintenance of way and bridges
| many statistics are given; SIT 24-10o
tons, rs pound steel rails. and H. 300
cross ties have been laid for one thing,
the cut at Shaw's Ridge finished, and
new overhead bridge built Be feet long,
"A 1-2 feet wide. The particulars of the
Washington street bridge are given in the
report. The work done at the several
stations in the way of building culverts,
platforms, gates etc., is noted. These
took place at Portland:
The trestle $40 feet long, near the
Grand Trunk Transfer station, connect.
ing the Grand Trunk railway with the
Portland Rochester railway has been re-
built with new piling, hard pine caps and
stringers. Have built bulkhead at
Grand Trunk Station 100 feet long of old
| ties and gravel. Have laid a,516 feet OF
new side track in freight yard and put
| in two split switches. Have placed go
yards of stone on the Marginal Way to
strengthen the piles at the sluioes. Built
an addition at the freight house los feet
long, 81 feet wide. Sbingled the roof OF
Portland station and woodshed aud
painted the station. Built culyert at
Forest avenue. Repaired platforms at
| the Portland passenger station and re-
built freight bulkhead. Built new pile
driver.
There have been 1O,252 feet of fence
built A large amount of the equipment
has been rebuilt or repaired. There are
| 10 locomotives. 20 passenger, mail and
express cars 1877 freight cars. 43 tool and
other cars, and two snow plows. There
were 26s, 4S9 passengers carried, with a
revenue of $40, 320.84, and total passen-
ger earnings of $93, 457.77. There were
| 70,OsS tons of local freight carried, and
| POP, 251 tons of through freight, a total
freight revenue of $3.50, 9l5.6S. Passenger
trains ran 1873, 6S1 miles, and freight 95, S04
miles. No accident has occurred to any
passenger.
Mir. W. Il. Conant, the treasurer, gives
a full report of the operating expenses
of the road.