Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1875-06-26

branch for 1874 were S724,ooo. OF the Aoating
debt $780, 900 Is held in England, and various
amounts are held by banks or individuals In Ban
gor. Thomaston and vicinity, Belfast, Portland,
Waterville and St. John. These loans are princi-
pally secured by collateral bonds and by the per-
sonal endorsements of prominent members Of the
Company.
The City Of Bangor holds first mortgage for
81 900, on the line between here and Malta
wamkeag. The second mortgage is on the whole
line in Maine, and the granted lands; and there is
also first mortgage on the line in New Bruins
wick. These mortgage bonds are all accounted
for in the statement Of the bonded debt.
The highly favorable report Of Commissioner
Blake on the condition Of the road and bridges,
and the exhibit of the business of the line seemed
to make good impression, and there was no dis
position to reflect in any way upon the officers Of
the company. Mr.. Cummings Of Boston, adj
dressed the meeting in conservative and cheer
full manner, saying that roads much more involved
had been carried on to prosperous condition, and
urging that wise action be taken to avoid any
sacrifice of this valuable property.
There was general expression of sympathy for
the enterprising men who have risked much
upon the success of the road. And sa far as could
be learned, the disposition was unanimous to af-
ford every reasonable facility for adjustment
that will enable them to lift their burdens.
The Committee appointed is regarded as a very
strong one, and its recommendations, after careful
examination of affairs, will carry great weight.
Another meeting of the directors will be called
for soon, as the Committee shall be ready to re-
port.
School Notes.
The graduating exercises of the Bangor High
School occurred in City Hall this evening. The
class numbered 10, l6 young ladies and three gen.
tlemen. The parts showed taste and culture, and
the affair was very pleasant The schools begin
their summer vacation tomorrow.
U. 8. District Court.
The June term of the United States district
court began in this city Tuesday, Hon. Edward
Fox. judge presiding and closed to-day. The
following cases were tried:
Casco National Bank, petitioners in bankruptcy
VS.. W. N. Gould, private banker, under the style
Of Bank of Portland.
The allegations of fraud were withdrawn and
the defendant was adiudged bankrupt, upon de-
fault.
II. Tibbetts, bankrupt vs.. Philauder Evans.
This was bill in equity brought to set aside a
mortgage given by said Tibbetts, upon his stock
in trade, to said Evans.
United States vs.. James Robertson and David
Mcleod.
This is an action to recover the statute penalty
for selling scrap iron, which was alleged to have
been fraudulently imported at PASSPORT. In this
case, the jury brought in verdict contrary to
the Judges charge and he discharged them.
A new jury was empanelled and the following
cases tried:
jeremiah Foster ct al. assignees in bankruptcy
Of E. Longfellow & Son, vs.. Geo. W. Smith ct
al. Verdict for def for $747.S7.
United States VS.. David Mcleod was the next
case. being similar one against the same parties
for whom the discharged jury brought in a wrong
verdict and were discharged. The new jury disa-
greed and the court then adjourned sine die.