[p. 14] by 'Squire Abner Bartlett, who served for twenty-one years, and his record, clear and explicit, in good black ink in characters as formidable as the turnpike gates, makes no mention whatever of dividends. James O. Curtis succeeded him in 1841, and on June 29, 1842, Recorded—
Voted to make a dividend of two dollars on a share from the funds in the treasury, it being the 108 dividendAfter ten years George Curtis succeeded to the office of clerk and served thirteen years. He recorded the remaining dividends, the last, September 15, 1860. The two preceding had resulted from the sale of gravel land purchased from the canal company at its closure, and the last (the 129th) from the sale of the toll-house, $6.00 to each of the one hundred shares. Unlike its unfortunate neighbor, the canal, the turnpike now had no available or salable holdings, and for six years held its annual meetings, elected officers, voted a compensation of $15.00 to its agent and $5.00 to the clerk. Its last record, January 24, 1866, tells its pathetic story,
That the Directors be directed to petition the Legislature to abandon the Medford Turnpike Voted, to dissolve.A pencilled line follows—
Petition presented in House Jan 27 ‘66After sixty-three years the original stockholders had passed on and their shares were held by their heirs or assigns by purchase in its better days. To them there was nothing coming. It would be of interest to know just what was realized in dividends for the use of the $440.00 per share invested in 1803-4. The Middlesex canal, on ceasing to pay dividends in 1843 had returned to its stockholders 1.39 per cent. on their investment, but had the proceeds of its property to distribute at the last. It was styled financially a dismal failure.