The Portland daily press., 1899-09-26
MAINE CENTRAL REPORT.
Road Shared in General
Prosperity.
Earnings Have Been Increased
Quarter Of Million.
Operating Expenses Al
SO Increased.
The Interest Account Largely
Reduced.

The report of the directors of the Maine
Central railroad, which Will be presented
to the stockholders at their annual meet
ing on Wednesday, October is, has been
made public. The directors report that
the year has been a prosperous one and
ends with the prospects bright for a
continuance Of prosperity. The report IL
for the financial year ending June 80.
The figures have been already printed as
presented to the state railroad commits
sIoners. In the course OF the report the
directors call attention to the improved
business conditions of the state and the
increase In pleasure travel due to the es.
tablishment of summer resorts and the
endorsements of the game laws. The re-
port says:
The gross income of the Maine Central
railroad for the year ending June 30, 1899,
shows an increase in freight earnings OF
81 %, ~, In passenger earnings of
S3S.0i1; In miscellaneous earnings OF $iS,-
0sO. %, being total increase Of earnings
of 1921, 321.19.
The operating expenses have also in.
creased In the amount of $2S6, 093. 80; but
In the operating expenses this year are
included large items for machinery for a
new ferry boat at Bath, new equipment,
Including safety appliances, renewals of
rails, and the new passenger station at
Brunswick, in addition to the greater ex-
penss naturally attendant upon handling
the larger traffic.
1t win be noticed that no charges have
been made this year TO our construction,
betterment or equipment accounts.
aN.0 t...4t
50, l03, l6S 81, Of which large sum we
have expended So, ESQ, 40 In operating
expenses the larger portion of which Is
for labor, there being about $3.50 men u
the employ Of the company.
We have paid fixed charges, being for
interest on the debt Of the company. rem
tai OF LEASED lines and taxes, 81. 1868, us :
50, being decrease since last year for
same purposes, of sa7,970 IS, which is due
TO decrease In the floating debt and to
the lower rates of interest consequent
upon the gradual refunding Of our ma
turing loans ON the pr sent low interest
basis. We paid si2l, 723. 3S, an increase
over last year Of $1,000. Is.
We bave increased our sinking funds
SO 440 which stand. including interest on
Investments, as Of June 80, 1899, at
$5iS, S55.s7.
MAINTENANCE OF WAY AND
STRUCTURES.
There has been expended in mainte-
nance of wayland structures, SOS, $751;
This includes the entire expense of main
tenance, renewals and additions to the
track, bridges, buildings and other fixed
property OF the entire system, both owned
and leased.
Among the principal items of expendi-
ture In this department during the year
have been the following: 23l2 tons new
steel rails laid in main tracks, 1881 tons
of re laying rails laid In branches and
side tracks, 800, 5y3 cross ties laid in main
and side tracks, 1903 switch ties laid,
80. "A miles of track thoroughly reballast-
ed, 81. 35 miles of fence rebuilt.
The abutments and one pier have been
rebuilt at tlermon Pond Bridge. Adult
ments have been built at Meadow Brook
bridge, Wyt0pitlook bridge and Finn
Brook bridge. The wooden bridge at
Meadow brook has been replaoed.by a steel
deck girder bridge. The wooden highway
bridge at Conway Centre has been re
placed by one made of iron and wood. A
new steel girder highway bridge has been
built at Veazie.
Thcre have been 1851 cubic yards of
masonry placed In abutments and retain
ing walls at various locations.
The station buildings and other etruo.
lures have received the usual attention in
order to keep them in good condition.
Among the principal items Of new work
are the following: Yarmouth junction.
passenger station; Beecher Falls, baggage
room; Rockland, engine house; Fairfield,
freight house; Clinton, freight house;
Hiram, freight house; South Windham,
freight house; Waterville, ice house; new
track scales at Bangor.
In addition to the foregoing. new
and commodious passenger station of
modern architecture Is In process OF cree.
tion at brunswick.
MAINTENANCE OF EQUIPMENT.
There has been expended for repairs and
renewals of locomotives, $i3S, 140.51. This
includes COST Of thorough general repairs
OF 6S engines. Repairs OF passenger cars
have cost SEQ, 469 IS This inolu1es the
cost OF general repairs to 207 cars. There
has been expended for repairs of freight
cars s14. 679.7s. This includes the cost of
general repairs to 700 cars and minor re-
pairs TO 1,S25 cars. all OF which were
placed In thoroughly serviceable condi-
ton.
We have paid for new equipment slhi,-
il3 05. This includes the cost of four To-
coniotives OF modern type, two of them
for passenger service and two of them for
freight service. two 60 foot combination
cars, two 60 foot baggage and mail cars.
one o0-toot mail car. two observation
cars, $50 box cars and 25 platform cars,
the cost of all of which has been included
In operating expenses.
There has also been included in operat-
ing expenses as shown by statement on
page of this report, $50, 600, for equip.
ment under construction, but not re-
ceived on June 80. 1890. This equipment
consists OF two passenger locomotives and
90 coal cars
DAM