Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1881-12-29
Railroad Prospects.

Buoksport a2d Bangor Railroad TO Ellis
worth, attest the interest felt by the people
IN the scheme, and seem to render il suitable
Tor those having the matter in charge to
make full and frank statement of present
conditions and future prospects. Such a
statement has been urgently solicited by
many citizens, warmly interested for the
building of the road.
Several gentlemen, during the early part
OF the present year, purchased a largely
controlling interest in the first mortgage
bond, of the Bucksport and Bangor Kali-
road Company, which mortgage is expected
10 be fully foreclosed next February. and the
railroad to come into the possession Of the
bond holders. In making the purchase.
these gentlemen had in mind the early ex
tension of the railroad To Ellsworth. If suf
fcient encouragement should be met with
OF course their primary object was to make
a fair Investment for themselves. They are
satisfied with their investment in its present
state. The present railroad earns enough
to pay them small. but increasing interest
on their Investment They are under no
sort OF compulslon to extend the road and of
course will not venture to do so. at an, great
RISK. They have already put into the road,
a. much OF their own money a. they care
! To. and any extension must be built entirely
/ by the proceeds of loan.
! Whether the extension can be built at a cost
within such loan has been the question to
/ be determined. 1t has been thought not
| prudent to bond the road for more than
/ S3oO.oO IN any event, and that may be re-
garded as the settled policy of the owners.
To pay the interest on that loan. the road
must earn net $4,000 per year. and to pay
| the interest aud six per cent. on their in
yestment TO the gentlemen owning the road.
!, must earn net 1000. per wear. When
II Is known the present road is only earning
about S1on net per year. II will be seen
that the owners are taking considerable
risks, even in botding the road for the $500.
600 and that any larger bonded debt i no,
prudent II is quite questionable. neither
the road # extended would earn 50. GOA
net annually. II it did not. the owners
would lose their money already invested. Il
Is believed however, that the owners viii
risk 50 much. If they can extend the road
for the sjOn, 900 or less
They have had careful surveys made bv /
competent engineers. and careful estimate.
made which NAV be seen at The office Of
Hale Emery IN Ellsworth. and a; office OF
i. l. Lincoln IN Bucksport. These r.ti-
mates are much larger than we're e,nccteJ I.
The COS, Of the extension vii ann, - .
full, the $500 eOa crciu,,r, 81 r,,,I,,. .,,,,'
sttf,ot kov,,, Trs,,g, -.
This would seem concl,.,,. - ,h,.,..,,..
tina, the extension could M, III Is
only the iniet,... IN. o,x,.r. - ,L.,...l
ucrr concerned !, worlb ia .,,,..I...s.,
Th,v would .imnl, ,;,, as, III -
tension and r,n,c,, ,h,r,.. - a
Welcoming the business Of IN, No., -
Thor. ar. bnsr,.,.o,. .,I,,. - -. ~
81. = ~ .t ~ "'"''u'
-, - HI.H nom me &
-, -. X ~, = At tnr uf-
H. 80 - ..,..''i - ''', it"P'' 'na'
-. ", IL kt ,'' H'' 'n"f given
-. = I,ti...l-,t '''''' ''N' a. eili-
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- =, 20 W, '"'" ''''l'-
the pro,,,, u,,bon, f,-,ha, ~. :, '' l'
- :. - ''''' u '."> :"
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t,.,-,i.,, - - - 100" axe 'I'
EII..,,,h e '"Au !"
a,r,r,,,, tn, e. D., ~ "' :"
f,,,h.r,,r. - -. AZ ~ 1'"e. !"
fort viii N. mad, ., -. -.
er Of land ry,,..cj r,,,.,,.',.' u
the riyh, - ~, ~, NV 90. %
benefit Of thu. CONNIE, -. -,
Of the peopl. M. ,,..,,,,,,,, -,
hay. the ou,..f,,.,, 81 -! N'"1
people vii h, t.-.,t '''' IT
Il b, 4ryed thu,
10 give the right Of "a, rb...,,.,'...
,addlcd by laa ui,h ~. i,,,,t.. I''
-. MI. nave l" bald and
,brn,,.h ali ~, In ''1I' "' ~ trAtA
"a -. ''' u 'A''I' II must build
and eli. - f 'ai' rN5}tasEtif
TN, lap.y a.nrr. /, mu., al It's peril guard
AGAINST srr. A. II i, reasonable Tor all Ere,
- -, - I..l,,,.,. !, /. ,e.,on.Ih MI
! 1I,n,, an, rat,l, on IL trark. through
49, =, ~ -. tn. mi, ,n,rI, In
80. ,h. go, n 'uprn,,J ~
- - a.. ,,1i, ,,.r,,i,.
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go, -
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,A.'l ~ .if,. -, I'm, ,ndm.,r,,,
- II. -l,,,,,. INK
''''' 80 -, ,.,,l ,,,r,.r,,,.
,,,tou perLau. \ few individuals may fear
- 49,, ~. 49, ~
., = IN. = ,.-,,,,.,.,,d ,,,,,,,.
sl' -, T,,n.-
-. -, 80, in hu.,,e..
~ 49, -. r,.,,, hi.hsr
-''I -, Iii and Ieu.r
P''''N 20 a. - e,,,,.,,,,,,. b;,,hr,
pc ~, =. W W ,' a,,a mi b,y MI
P''''s 20 a,,,l cIo,l;ng 1t
80 - 'o' -, III nn braIv debt
" u u'''''' SUM-
- .,,.. ar. :, follow and the experience \
- R.lf,., and Rorklapd /, not To be re- 4
- I'm. road !, 10 be built II a, all /
- n,h.r money than that Of toans. The I
san',,nx onIy ask the right Of way. It will /
do the rest.
M ;i land owner will he directly benefited 1
~ - goin,, in hi, neighborhood. As
ny "a, ,gJ;,iona1 Del, or taxes will fall on tie
pe"p',' - .t.,,,,I1 r,, a; orc,. rio, CON
.;Lerahl, IN value. Il is the experience Of
I -. .,,iJl, risa Woodland along the