The Portland daily press., 1869-01-20

And the first named nine having received a
majority of votes cast were declared duly
elected. N@ft@ .ssli f1'as.s-.ss ss
Inc next business was to hear anything else
that might legally come before the meeting.
Ten. Anderson said that there was not such
large attendance to-day (although it was a
large meeting) as some had expected, owing to
the face that many considered the city as the
largest shareholder and consequently there
Was not much occasion for their presence. He
wished to state that the amount from the IL
per cent. assessment on the valuation of the
city had been exp cted to amount to $3.50 OOO
But the bank stock of our city which was own
ed in other towns had been taken from this
valuation, amounting to $500 ,OOO and conse-
quently the IL per cent. did not bring the
expected sum. They decided they would raise
S25o,O00 by subscription or else not go on.
they have succeeded in raising $27O 600 and
they hope to make it million before they are
through with it. They propose within ten
days to survey the different lines to the Notch
and Immediately locate the line of the rail-
road. No one engineer will have the manage
ment but engineers will be sent to make their
profiles and lay them before the directors.
Each town will be expected to present its
own case, to make up the route which includes
their town and give the amount of business
done by that town. Then the engineers and
the town reports will be examined by the di.
rectors and they will decide, SO that the whole
matter will lie entirely in the hands of the
nine directors. 1t will be the fault of the
towns If they do not give the engineers all the
information in their power. No use for them
to say after the line is located, eff they had
only come to US we could have given informa-
ton" They must give the engineers the in
formation now, OF else blame themselves alone
it the line does not run through their town. d.
He thought Portland had done all that was
possible to be done in the matter of subscrip-
tons especially when business has been so
depressed during the past two years and so.
much had to be done toward rebuilding after
the fire. Now it is the business of people in
the towns on the route to get the five per cent.
subscribed BY their towns, if they wish the
road to 60 through their towns. He reminded
the stockholders that although the road was
launched to-day it was heavy load to stagger
under and he hoped the various towns on the
route would do all they could to make it a
great success. .'' -,
Major Hastings of Fryeburg, was next call
ed upon by the Chairman. He said they were
almost aghast at their end of the line when
they heard that the towns must subscribe to
the stock instead of loaning their credit
They had collected statistics and they had
found that the towns in the, Saco valley and
those on the line of the Grand Trunk road
had steadily increased in valuation and wealth.
while their towns which were as good farming
towns as these others had not increased any
in valuation or votes. They had come to the
conclusion it was because they had no railroad
advantages. Consequently in every town
from Fryeburg to Standish those subscriptions
have been made, and by private subscription
alone over $11OO had been collected. He felt,
and the people felt, that they must have a rail-
road in their part of the country to develop
their resources, and that without it they could
not furnish us with ship timber or develop
their water power. A thousand reasons con-
spire In favor Of the road. He thought that
the land damages would be very small from
@he manner in which the road-bed would be
laid. In conclusion, to show the interest talk
en- in the enterprise throughout the country,
he said you will see representations here from
every town from the base of the White Noun.
tains down to Portland, and that all efforts
would be made by the towns to cooperate in
the good work. --''.- .
Hon. Joel Eastman of Concord was then
called upon. He told the Stockholders they
could remember when all the produce of
Northern New Hampshire and Vermont was
brought to Portland by slei CHS, now it was all
diverted to Boston. The towns this side of the
mountains would do all that was expected of
them. That the town of Conway has voted 8
per cent, but on condition thai their people
stand on the same footing in regard to the
road as the people of Maine. He didn't be-
lieve they could get money enough appropriate
cd, in New Hampshire alone, to build their
part OF the road; but he didn't know as the
stockholders expected it, But a railroad they
must have, and if they couldn't have one to