Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1873-08-16
MallomsIl l0raI Mems.

We learn that responsible parties have pur-
chased the water power at the Cascade
vaughan stream,) and will proceed at once
to erect buildings for manufacturing pur-
poses-one sixty by forty-two feet, three stor-
les high, and the other thirty by twenty feet,
and the same hight, involving an investment
of twelve thousand dollars at least. The dam
at the Cascade will furnish fall of forty feet !;
and from this point to the reservoir dam, a
distance of less than one quarter Of mile,
the fall is eighty feet, or more, awaiting i'm
provement The entire fall from the reser-
voir dam to the river-about one third of a
mile--is one hundred and lightweight feet;
and at the present time only about forty feet
are improved of the entire power. This new
enterprise will develope another section, and
lead to other improvements both above and
below. The new reservoir dam, built last
season Of granite and cement, is one of the
most permanent that could be constructed,
and will withstand any pressure that can be
brought against it. The parties interested
desire an exemption from taxation on their
buildings and improv ements for term Of
years, and to have a road built along the
stream as laid out, if we mistake not, sever
al years ago, but never constructed. There
can be no doubt that the city will consider
this important subject favoraby, and do all
that can legally and consistently be done
to forward the enterprise. We are assured
that the contemplated business will average
fifty thousand dollars year or more, and
give employment to quite large number of
men, who will add not only to our popula-
ton, but taxable resources. We are now de-
monstrating to the State at large, what &C
tive capital and enterprise can do to give Wig
or and prosperity to community, and set
ting an example that others are making haste
to follow.
The IIallowell Granite Co., las recently
secured contract for furnishing granite for
constructing a large insurance. building in
Albany, N. Y. The stone j. ~ finished
here, ready for placing in fos at an ex-
pense of some forty thousand dollars. In ad
dition to the above, and tie mammoth con-
tIhGt IOE DuiluiuB tuc view UIh OLdtc IlUusc
at Albany, which will require several years
to fill, the company are now at work on the
soldiers monument, to be erected on Boston
Common, which will cost about seventy-fve
thousand dollars. Other contracts of less
magnitude are also engaging the attention of
skillful workmen. One of the members of
the company informs US that for the past four
months the amount paid out in the transact
ton of their business exceeds an average of
over forty thousand dollars per month, with
fair prospect of an increase in the future.
But few realize the magnitude and mpor-
lance of this granite business to our commu-
nifty, or appreciate the benefits derived from
its successful prosecution.
There will be an address on temperance at
the Free Baptist meeting house on Sabbath
evening by the Pastor, Rev. C. B. Peckham.
Subject: "The duty of the present hour
Services to commence at s o'clock. All are
cordially invited to attend.
The regular afternoon Union services to-
morrow will be held in the South Congrega
tional Church.