Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1874-07-10


they intended. But we can, with the strictest
truth, say that If we have been the authors,
we have also been the subjects of the decep-
ton, and that we have not deceived others
without being ourselves deceived.
Before the undertaking was commenced,
none OF us expected that the expense would
amount to S2O,O0O, or SlOO share; at the
time OF laying the seventh, and as we thought
the last assessment, when but few of our ac-
counts were adjusted, we calculated that the
expense would not exceed 1928 900; but after
all the accounts had been exhibited, we were
mortified and surprised to find that the actual
expense had amounted to 1000, leaving
deficiency net assessed of $4,000. We had
always relied upon having the assessments
paid on the whole number of original shares,
vH.-2OO. But here We were again disap-
pointed. His homer, Moses Gill; originally
subscribed for and paid the first assessment
on SIX shares, his proportion of the non sub
scrl6ed shares was one share and half more,
making seven and one,half shares, which
from his assurances we always depended on
his holding, but after the bridge was complet-
ed he very unexpectedly, and very unhand-
somely, as we think, abandoned the whole.
In consequence of which Governor Increase
Sumner, who was classed with him, declined
taking half share, which was apportioned
on him. Two other shares apporlioned on
MIR. Amos Bond of WATERFOWL, and Mr..
Ephraim Prescott, of Boston, they refused to
assume. Thus another unexpected deficien-
cy, equal to the assessments on these ten
shares, was created. This was the situation
OF the affairs of the bridge, on the Goth of Au-
gust last, when a special proprietors' meeting
was called for the purpose above mentioned.
At which after taking into consideration all
the circumstances of the case, it was thought
best to provide for all the deficiencies at once
by laying an assessment sufficient to cover all
the outstanding debts of the corporation. We
nope this measure which was rendered abso-
iuIeiy necessary by the pressure OF demands
upon me treasurer VIII meet your approoa-
,'oll' anu 'he more so as me directors could
nave no choice' 'here oeihg no o,her way 10
pro'iue me 1uhus necessary TO discharge de-
ihahds' an OF "hich nave been OF Tong stand
ing and some OF which have been lodged with
"''o,ieys LOT collec'ioh. we thihk IL proper
t;onaI ovn,rsa of tho hridaa has baon ,;a,
n ,bo n,,an,it,, nf stona usad IN ,a r;o u"5
.h,,,,,,n,s ,,,,,r, tba,, 100 =, G .s, oon,I..
81 h,,t ,ro a,,,or n,r.aInas 49, ~ 1870"
u ~; t law, INA. ene piop.,t
nn;nt hv ,ho dmrabi,;,, % ,la ,sor,, T iTia
r r' ot,oll l. !, ,nnora1i,, ";al..5
too low. and we contemplate a ready concn,.
renee OF the pToprletors, IN petltlonlng tue
legislature, at their next session, to- enhance
them, which we doubt not will be readily
granted.
On the first of October next there will be
dividend of toll, amounting to So on share;
this if deducted from the assessment will
leave but $40 to be advanced on share.
Having provided by this assessment for the
deficiency occasioned by the abandoned 10
shares, it will be noticed, that the holder of
single share, will in future own a Tooth part
OF the bridge, instead of 200th as was at first