The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1865-09-25
THE Z. IN. A. RAILROAD.

TIE z. & N. A. RAILROAD
,. The Press of few days since contained
this paragraph: ~ W p
sThe Bangor Whig, in making up the Ls,s re
sources of the Z. g. N. A. Railroad e eSerl ~
ed to cost nearly $7,000,000, puts u1m tte
Maine and Massachusetts claims a 1Si; Z; t uS
o. S. Government, at s2,0s0 oOoIl inns Is iast
reckoning, when the Y; ?. ont ~ The claws ,,sS
not acknowledged single cent Oh tue ciapS.
It is weIInot to count the chickens before they
are Matched. In making go0d enoWder one
of fine frat things is to catch the cod"
This item seems tohave stirred our good
friends of the Wing, and has called out an ar
ticle that requires notice at our hands. We
erf regret the necessity for saying even single
word that any one can, by tortHing its mean
s ing, construe into opposition to an enterprise
for the contamination Of which we have never
for moment ceased to entertain the most
profound regard, and to cherish tie most earn
est desires. But as a public journalist we snail
not consent through fear of msconstructon,
to see a gigantic swindIe perpetrated in the
name Of nubic enterprise, to keep stiI
4thl while efforts are being put forth by adyen-
turers and spectators, the only effect of which
upon the actual progress of the railroad in
question must be to retard it, and to postpone
its construction indefinitely.
49,, The Wing virtually complains that the Press
has not taken proper and respectful notice of
the meeting in Bangor in relation to this road
Bangor to st. John. Las been put under con-
tract! 1t regards the Press as unfriendy to
the road because, on the 28th of July, it pub
lshed statement and gave some facts;-
which no friend Of the enterprise has eyerpre-
summed to contradict and of the substantial
truth Of which we challenge contradiction
Wegive the closing paragraph from the Wings
article:
VI "The Editors Of the. Press is evidently angry
n hp fartth at ihal stesar will ing 70 Ike
q ~ the bonds of the Company with these claims
as security. He took the repeal of "the third
rail restriction act" with very poor grace after
having ridculed the idea Of its being done,
~ against his wise counsels. Since then he seems
determined to make Portland unpopular as
possible throughout the State, and array it
~ against the entire East, for the qualification of
his own i'll nature"
---. If the writer Of the above imagines the Edi-
tor of the Press reflects his own views only
8 ia thsmatteE hewas never more mistaken
in his life, We can assure him, that many of
the best business men not only Of Portland but
also of Bangor, sympathize in the same views.
The contract for building the road is one of
eA the richest practical Jokes of the season. The
fact is not d single dollar has yet been raised
s4Sqoc} to commence the road with The whole thing
-, thus far, has been like commencing to build a
a chimney at the top. To quote from our art-
"a Gle of July 28th so 4 Il
GAS yet the road has only contingent capt
tai on which to rely 1t has secured contS,a-8
See, gent loan of the credit of the city Of Bangor
for 100000 1t has also q contingent Wttnt
fr from the State of the timber ten townships
H8F#H# of the public lands It has contingent grant
.tf from the State Of Massachusetts, of say three
fourths of million dollars. 1t has also a con-
tilgent assignment of certain alleged claims of
isi -sA this State and Massachusetts against the Gen
era Government. Beyond these contingent
0g u sources of revenue, we are aware of nothing
u the shape q material s i aa which TaaS ana has
. ing Unavailable for travel and international
communication : q 4 i
g.aa8 The abovestates the exact truthin the prem
ssa ises. When Mr. Poor was lobbying at Angus
ia to secure the assignment Of Names claims
-itofv upon the General Government for the benefit
Of this road, he said to us personally, when in
quired of in relation. TO the value of
-a55sa & the claim, that to the State IT WAS OF NO
= = VALUE; but in view Of the military necessity
Of the road, the Government would probably
do something handsome by way of acknowl-
edgement Of the claim In the assignment
t5ss no member Of the legislature, probably, felt
for moment, that he was voting to the road
sGsNA lanyredL interest Of the State. Whether the
General Government will ever acknowledge
single dollar of claim Is exceedingly doubt
fa, and must be SO regarded by Mr.. Poor him
sell, or he would not have left the whole mat
ter to go by default in the last Congress after
SO much time and money had Ibeen spent to
create favorable impression upon commit
tee of that body But let this pass We JIM
.Fo wife attention to the following statement OF
the resources" of the corporation, gravely put
s forth by the manipulators of the enterprise: