Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1911-02-04
LIMERICK Railroad.

This is a railroad operated exclusively
for freight in connection with the opera
tons of the ltockland ROckport Lime Co
Its prosperity is entirely dependent on
that OF the Lime company. Tn" perceu-
tage of expense is small compared with
other railroads and the net earnings
large.
The capital stock is $4,000 and the
funded debt 100000 The rate OF interest
on this sum is four per cent and diV-
dends of four and one-half per cent.
were paid on the stool, In 1910. The earn
| ings OF this road apparently would justi
| fy higher valuation than We have re-
| ported, but n considerable portion of its
ways and structures are of perishablc
nature and the depreciation is rapid, and
so we regard our valuation as reasonable,
Maine Central.
The steady growth of railroad business
in New England is nowhere more strk
ingly shown than in the comparatively in
come figures Of the Maine Central sys-
TEN. Ten years the mileage operated
was given as sl5.S3. No material extern
sion was reported until 1901 when the
Portland & Rumford Falls railroad and
the Rumford Fails & Rangeley Lakes
were leased for a term of 1873 years, max
| ing the total mileage 93l 40 Yet with the
acquisition of these lines the latter
through n sparsely settled territory the
gross earnings of per mile OF the whole
Maine Central system in 1910 were nearly
| 40 per cent. greater than was the case in
| 1850 The total mileage given in 1910 is
1914 of which 1858 miles are within this
| State.
! The capital stock of the Maine Central
railroad Is reported a S4.995. 700, and the
| funded debt $iS,s92,1S2 The dividend rate
| on the stock for two years past has been
| e'"ht ner cent. and the average rate of
interest on the funded debt is 4.s9 per
| ~. lhe total stock of its leased lines
is $l2.5e0s 3S and the average dividend
paid as rental is 4.3l per cent. The fund
| ed debt of its leased lines amounts to
i UNTIL in %
| of ALB per cent.
To summarize the total capital stock
and funded debt of the Maine Central
railroad owned and leased on June 80, 1910
was $44.3ls,lSo, on which dividends and
interests were paid during the year past
| amounting to s2,026. 1912. being an equiva-
lent to AS per cent. OF the capitalization.
The shares of the Maine Central arr
nearly onefourth of the stock is held
J in Maine or to be exact $ll9l,500.
The Maine Central controls the Somer-
set and the Washington County Railway
| through stock ownership and recent
| acquisition is the short line of Il miles
of the Sebasticook & Moosehead Lake
railroad. A measure is now pending be-
fore the Legislature looking toward the
merger of these three railroads with the
Maine Central system. Railroad CONSOLE
dalton generally means more and better
service and so the bringing of these lines
under one management will be benefit
to the territory through which these
lines extend.
Il Monson Railroad.
This railroad extends from Monsoon
junction on the Bangor & Aroostooil
PaiIroad m the state nuarri"s i'm the
town q Monson sls N miles IS, The The capital capital
debt as $4,000. No dividends are paid
upon the stock and the net earnings are
not sufficient to pay the interest Of tive
r per cent on the bonds. The chief value
OF this railroad consists of the indispeo-
sible service 1t furnishes to tho slate
manufactures in Monsoon
/ Sandy River and Rangeiey Lakes.
Il This road represents a consolidation oil
= the Sandy River railroad, the Franklin
y & Megantic Railway. the Kingheld and
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