-Dividend 1837... $354,000 11 00 $11,040 $10,105 $21,145 $15,297 $5,848 1838. 354,000 11.00 11.596 9,955 21,551 14,577 6,974 1839.. 354,000 11.00 9,461 10,201 19,662 14,501 5,161 1840.. 354,000 11.00 10,220 6,104 16,324 13,898 2,436 1841 354,000 11.00 7,955 3,888 11,843 9,620 2,223 1842.. 378,536 11.00 6,877 11,988 18,865 13,243 5,622 1843 378,536 11.00 9,280 7,319 16,599 13,918 2,681 1844. 378,536 11.00 7,690 12,207 19,897 14,127 5,770 1845 378,536 11.00 9.976 8,800 18,776 12,309 6,467 1946. 378,536 11.00 10,043 13,808 23,851 14,624 9,227 1847 378,536 11.00 14,253 10,678 24,931 17,271 7,660 1848*. 135,000 11.00 14,396 19,509 33,905 19,617 14,288 66 1849.. 135,000 11.00 18.439 11,843 30,282 23,133 7,149 1850.. 135,000 11.00 15,095 11,444 26,539 17,482 9,057 1851 135,000 11.00 14,998 15,173 30,161 16,423 13,738 1852. 135,000 11.00 16,752 14,950 31,702 18,011 13,691 1853. 135,000 11.00 21,879 21.013 42,892 18,654 24,238 1854.. 135,000 12.50 22,595 44,189 21,594 22,150 22,039 nil. nil. 1855.. 176,890 12 50 19,086 28,263 47,349 22,484 24,865 1856.. 176,890 12.50 20,776 18,052 38,828 22,575 16,253 1857...... 178,307 12.50 16,893 20,046 36,939 21,615 15,324 1858...... 244,726 12.50 13,854 18,921 32,775 21,772 11.003 1859. 244,726 12.50 13,634 17,196 30,830 33,167 2,337 Loss. 410,458 229,377 Average.. 261,207 11.3 13,773 27,819 14,046 17,846 9,973 BUCKFIELD BRANCH RAILROAD. The Buckfield Branch Railroad Company was chartered 22d June, 1847. The It was opened to Buckconstruction of the road was commenced in 1848. field, 13 miles, in 1849. In 1856 a mortgage on the same having been foreclosed, the road became the property of one individual. A new charter was subsequently obtained under the name of the Portland and Oxford Central Railroad Company, in which the property and powers of the old company were merged. Under the new organization six miles of road were constructed north of Buckfield. The road proving unproductive, it has not been run for several years, and it is presumed is finally abandoned. No regular reports were made of its operations. The principal office of the Com pany has been at Portland.-See Portland and Oxford Central. ROLLING STOCK-Locomotive engines.... Cars of all descriptions... 3 .160 The Calais and Baring Railroad Company was chartered on the 20th March, 1837. The construction of the road was commenced early in 1850. It was opened for public use in June, 1851. The principal business of this road is the transportation of lumber from the mills on the St. Croix River, to tidewater, at Calais. SHARE CAPITAL-Authorized, $200,000, in 2,000 $100 shares. Awarded and paid in, $100,000. FUNDED DEBT $114,800 in two classes, as follows -$97,000. 1st Mortgage, 6 per cent. coupon bonds....... -dated 1st July, 1852, and payable, the principal 1st July, 1864, and the interest semi-annually, 1st Jan. and 1st July, at the Bank of Commerce, Boston. 2d Mortgage, 6 per cent. coupon bonds - - . --$17,500 -dated 1st July, 1854, and payable, principal 1st July, 1864, and coupons semi-annually, 1st Jan. and 1st July, at the Bank of Commerce, Boston. Interest on both classes of bonds has been regularly paid. FLOATING DEBT-$4,737, bills payable. COST OF ROAD AND EQUIPMENT $224,000: in detail as follows INCOME ACCOUNT FOR THE YEAR ENDING 31ST DEC., 1859. $3,558 31,108 30,045 $13.568 6,988 4,000 4,653 $29,191 GENERAL LEDGER BALANCE SHEET, 1ST JAN., 1859. 1st Mortgage Bonds.... 2d Mortgage Bonds.. Floating Debt..... Balance from income.. Dr. $100,000 4,737 7,806 Year. Cost. age. Pass'ger. Freight. Mails. Total. penses. Earnings. 1851. $185,232 6.00 $809 $12.056 $1,151 1852.. 198,468 6.00 1,700 1853.. 217,255 6.00 1,361 -Div. $14,016 $4,992 $9,024 $4,000 4 252 25,721 1,268 28,038 16,217 9,804 15,917 8,000 8 11.821 6,000 6 1854.. 224,000 6.00 1,420. 15,616 16,024 nil. nil. MAINE-EUROPEAN AND NORTH AMERICAN. EUROPEAN AND NORTH AMERICAN RAILROAD. The European and North American Railroad Company was chartered on the 20th day of Aug., 1850. Its object was to connect the railroads of Maine with those of the Lower British Provinces, by a line extending from Bangor to the eastern boundary of the State in direction of St. John, New Brunswick. Its construction has not yet been commenced. The route of the road follows up the Penobscot River to Oldtown. It then diverges, taking a generally easterly direction to the St. Croix River, at Calais. The whole distance in the State of Maine is about 90 miles. Its In the event of the construction of the estimated cost is about $2,000,000. road, it is probable that the railroad from Bangor to Oldtown would be adopted as a part of the line. FRANKLIN (OR MACHIASPORT) RAILROAD. This road belongs to a private manufacturing company, and was conIt cost $110,000. No reports structed for the purpose of transporting lumber from its mills on the Machias River to tide-water. Its length is 74 miles. of its operations are made. GREAT FALLS AND SOUTH BERWICK BRANCH RAILROAD. LENGTH OF ROAD-Great Falls to South Berwick.... ... 6 miles. The Great Falls and South Berwick Branch Railroad Company was chartered on the 8th June, 1848. The road was completed and opened for public use in 1854, and was operated in connection with the Portland, Saco and Portsmouth, and the Eastern Railroad Companies; but proving unproductive, it for several years was abandoned, and has only within the past few months It cost $166,160, represented by stock to the been again brought into use. amount of $93,561, and indebtedness to the amount of $72,599. LENGTH OF ROAD-Baring to Princeton.... ROLLING STOCK... .16.50 miles. 0.50 "6 ..2 engines and 30 cars. The Lewy's Island Railroad Company was chartered by the Legislature of Maine in 1855. The road was constructed in 1856-7, and fully opened in January, 1858. It was built to transport lumber from mills on the St. Croix River to tide-water. A portion of its line is in the Province of New Brunswick. SHARE CAPITAL-Authorized, $200,000, in 2,000 $100 shares. 1st Mortgage, 6 per Paid in, $171,310. FUNDED DEBT $210,000, as follows— -$150,000 -dated 1st Dec., 1856, payable, principal in 20 years, and coupons semi-annually, 1st June and 1st Dec., at the Globe Bank, Boston. The 1st Mortgage Bonds were issued to the city of Calais in exchange, and as security for bonds of a like amount and tenor issued by the city to the Railroad Company, the principal and interest of which the Company undertook to pay. The interest has been regularly paid. The bonds issued by the Company are not in circulation, but held by the City as collateral for its bonds. 2d Mortgage, 6 per cent. coupon bonds. ..$60,000 -dated 15th June, 1857, payable, principal in 12 years, and coupons semiannually, 15th June and 15th Dec., at the Company's office, Calais. No interest has been paid on this class. The road is now in the hands of the trustees under the 2d Mortgage for default of interest. COST OF CONSTRUCTION, ETC.-$315,000, as follows-Amount expended for lands, $1,301; for iron, $89,161; for rolling stock, $16,081; labor and material under contract, $208,457. The earnings for 1858 were $12,950, viz.: From passengers, $2,100; freight, $10,850; current expenses for the year, $7,362; net earnings, $5,588. KENNEBEC AND PORTLAND RAILROAD. BOARD OF DIRECTORS AND OFFICERS, 1859-60. Allen Lambard..... Ruel Williams. George F. Patten. 66 J. F. Southard Brunswick, Me. .Richmond, Gardiner, ..Augusta, Me. 66 66 Trustees in Possession-Joseph McKeen, John Patten and Marshall S. Hagar. PRINCIPAL OFFICE... AUGUSTA, Kennebec Co., Me. The Kennebec and Portland Railroad Company was chartered on the 1st April, 1846. The construction of the road was commenced in 1847, and completed in 1852. That section between the Atlantic and St. Lawrence Railroad, at Yarmouth, and the city of Bath, was opened on the 4th of July, 1849; from Brunswick to Gardiner in Dec., 1851, and to Augusta in the January following. The Yarmouth Extension, between Yarmouth and Portland, 13 miles, was constructed in 1850-51. The road enters Portland on the west side of the city, and there connects with the Portland, Saco and Portmouth Railroad, with a similar gauge. SHARE CAPITAL-Authorized, $1,402,400, in 14,024 $100 shares. The Yarmouth Extension Stock constitutes a first lien on the Yarmouth section of the road. It was originally a 10 per cent. stock, but was reduced, by agreement, to 6 per cent. Dividends payable semi-annually, 1st April and 1st Oct. As the road is in the hands of trustees under the mortgages, and as no dividends have ever been paid, a description of the different classes of Preferred Stock is not regarded as necessary. FUNDED DEBT-$1,280,000: in detail as follows1st Mortgage, 6 per cent. coupon bonds... $800,000 -issued in favor of certain cities and towns, in exchange and as security for their bonds of like amount and tenor, issued to, and sold by the Railroad Company, viz.: to the city of Augusta, $200,000; to the city of Bath, $200,000; to the city of Gardiner, $150,000; to the city of Hallowell, $100,000; to the town of Brunswick, $75,000; tc e town of Topsham, $30,000, The balance of the $800,000 was made to private parties, the towns of Bowdoinham and Richmond declining to make an issue of their bonds as authorized, to the amount of $45,000. The Company undertook |