Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1871-03-08

there and increase our machinery. Haveyou
power in mind, strictly permanent, where
intelligent help, chiefly female, can be hau,
in a railroad centre, where the people or the
town would aid in bringing in a successful
business and payment of $4,000 per month.
Il We propose putting in 1000 mule spindles OF
the best make for thread mill. Also shall
have dye-house. Our spools, l25 gross per
day, are now made in Maine.
i We wish to place all our business in Maine
1t is our native State. We are sorry to see
the State is losing ground. Our business has
increased very rapidly. Our goods are IN
quick demand and yarns very scarce. We
will call upon you when in Portland, should
anything offer as desired above.
A recent issue of the Bangor Wing and
Courier, contained the following letter from
Geo. NJ. Weston, dated New York, March
LIST, in relation to the purchase of property at
Treats Falls.
II have been able to effect arrangements
with some capitalists in this city, which justi-
fy me in submitting to the citizens of Bangor
a proposition for the construction of dam,
at. or near, Treats Falls.
| The work will be undertaken on the basis
of stock subscription to the amount of one
hundred thousand dollars, and of a contract
with the municipal authorities for gift, as
authorized by law, of one hundred thousand
dollars, when the dam is completed. This
last condition will require that the work, AS
respects both location and character, shall be
such as to command the approval of decisive
majorities of the City Council and voters of
! Bangor.
| As regards the proposed stock subscription,
the parties here are content that such of the
subscribers as may prefer to do so, may make
| their subscription upon the condition of re
ceiving security satisfactory to them, that
their stock will be taken off their hands at
one half its cost, within one year from the
me an period of the payments of their assess
ments. But such of the subscribers as re-
quire and receive security to this effect will
be expected to agree on their part that they
will sell their stock as above to the parties
giving the security, and in the meantime to
give to those parties the general proxies of
their stock.
Any representatives, or committee, of par
ties at Bangor, able to give reasonably salts
factory assurances, that this stock subscrip
ton can be obtained, and that a contract can
be entered into with the city authorities for a
gift of one hundred thousand dollars. can, I
think. receive the proper evidence here, that
the work will be undertaken and completed
OF these terms
1t is proper and best to be said now, that
the parties with whom have been negotat-
ing here, are capitalists and bankers, and not
manufacturers.
What would be most desirable, is, that this
work should be undertaken by men who are
both capitalists and manufacturers, so that
the immediate use, well MS the creation of
the water power at Bangor, should be secured.
1t is for the people of Bangor to decide,
, whether they will wait for offers from persons
of that description, which may not be receiv-
ed during the present generation. Some new
Spragues may show themselves sooner, but if
/ so, it will be rare good fortune. The general
S fact is, that cotton and wooden manufacturers
. wish to buy water power at fixed rates, and
Z not to enter upon hazardous and speculative
;. undertakings OF dam buildings.
t We think it very proper to follow these
r communications from capitalists out of the
State seeking to purchase water power within
, our limits, by the following article which we
/ find in the correspondence of the Lewiston
p journal, showing what manufacturing has done
for one of our small towns, and giving some
excellent ideas upon the policy of the State
, past and present. The writer speaks from
, the agricultural standpoint.
We find ourself in Lisbon ready to inter-
: view some OF its good farmers. Many man.
I ufactories have been erected in this town with
; in s years. These manufacturing establish
ments, employing some 800 to 400 hands, have
impulsed the agriculture of the town. Farms
have increased in value SO per cent. Farm
= ers now find at their doors, a ready market
for all their produce. Lisbon is reaping the
reward of her votes to release manufacturing
: corporations from taxation for almited time.
g This has induced companies to locate here,
who, otherwise, would have located in other
places. The effect is to introduce many work
men who must be supplied with houses, pro-
visions and fuel and whose polls and estates
are subject to taxation. Here the town is d.
rectly benefited; and what is more in few
years a large amount OF taxable property will
be added to the town valuation.
Many people cannot see the propriety of ex-
cmpting manufacturing corporations from tax
alton. They say these companies make a
large profit and can take care of themselves
without aid from the town. This may be true
But they have an eye to their interest, and
will locate where they can do best. If one
town will not exempt them from taxation and
another will, they will locate in the exempting
town, other conditions being equal Then
why drive corporation from town when it
will bring business into town, create demand
| for farm products and in the end bring large
amount of taxable property, and without in
creasing the present taxes of the town?
| 1T our State, forty years ago, had extended
this exemption policy to manufacturing COM
panies, we would have had Lowell and Man
| chester IN Name; our population would have
increased half million, our State valuation
one hundred millions, our farms would have
risen in value fifty per cent, we should have
found ready market for our produce in our
neighborhood, our farms would have been di-
vided and subdivded, and our sons and
daughters kept at home. This is subject
that interests farmers more than any other
class, because they receive, more than others,
the benefit accruing from manufacturing cor
poratons. Then let them have an eye to this
matter.
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