Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1882-08-25
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A MOVEMENT tn sssnbit-b y.w Works in
that r. 0sperOus sity.

The movement to establish new iron
works and shipbuilding establishment in
Bath, in which a number of prominent and
energetic citizens of Bath are concerned, ap-
pears to be progressing satisfactorily. The
Bath Times of Monday. in an article urging
the attendance of citizens at public meeting
called for that evening says that the large
property comprising the Treat and Lang
wharf and the Rice wharf has been secured
and work will CONNIE nee a. soon as sufficien,
stock Is pledged. About s37 Goo OF the $780,
900 needed is already subscribed, to BE- paid
IN when the corporation is legally organized.
There are 1000 shares at 500 each. Those
who have subscribed thus far are as follows
Co.'s, Sawyer & Packard. 100 shares, SlO.-
600; John II. Kimball. 50 shares. $1,000:
Arthur Sewall & Co. 80 shares. 5000; Chas.
+ Moody. 80 shares. $1,000; John Patten 30
shares, $1,000: Charles Davenport 30 shares.
$1,000: Thomas W. HYDE. go shares. $1,000:
Swanton, Jameson & Co. 20 shares, $1,000
The corporation is to be known the bath
Shipbuilding Company" and will build sail
ing vessels and steamers of all classes of
wood. iron or other material. and also manu-
facture such engines, machinery and equip
ments Of like character AZ may be required
Other citizens than those named above have
agreed to take stock, but have not subscribed
as yet +. Il. TOrrey is one The Times
says he Is willing to contribute his quota if
he never gets any interest on the stock, and
thinks every true citizen of Bath who is in
terested in her progress, and whose interests
are her interests, should do the same.
Concerning the character of the undertak-
ing, and its influence upon the interests
Of Bath, the Times says: 1.-The minute the
frat bI1.-
business, that minute real estate in this
city becomes firmer, that minute every
trader feels a stronger sense of security as
to the future. Every real estate owner to
any amount should take stock in this COM
pany he will find that the advance in his
property will pay him good interest. Every
trader should encourage the enterprise with
his voice and money. Gen. T. w. Hyde,
who should know, says that in a few years
the business, if rightly managed, will paw 90
per cent on the capital. This new business
Is sister industry to that of shipbulding,
and one is necessary to the other. The
matter commends itself 20 any level-headed
citizen without any argument. A of
experience stands ready to superintend the
business. As Cant. Goss saws, we know
what we are about when we embark in this
industry, and if it fats. which is a most
remote contingency, we fail in good
cause" Our citizens have the earnest
assurance of Capt. Goss-himsef and
associates the largest stockholders-that the
business shall be to the best of his ability
squarely and economically managed. And
on that basis, turning out first-class work, it
cannot but be a success. Another thing is
to be considered-this Is a move toward iron
shipbulding. Other cities stand willing to
welcome this industry with open hands.
"Come to Portland" says one man, land
you can have all the capital you want" Every
thing points to an era of steam. Steam with
cut shadow of doubt is to become more and
more an important factor in navigation, and
with these new works in Bath, our builders
will be able to meet the demands of the time.
The firm of Goss, Sawyer Packard, alone,
this year could have kept works with the
capacity of 10 men under way for six months.
Establish il, and it will be State institution.
drawing work to it from throughout our
limits
AT the meeting in the interests of the pro-
posed company held Monday evening in City
Hall, there was considerable interest shown,
and the hall was filed. Charles Davenport,
Esq, presided, and speeches in favor of the
Guy G. Goss, J. ii. kimball, Esq, Gen. L.
w. Hyde, Hon. VIM. Rogers, Capt. Tucker.
Capt Bessy and others. a committee of
three, consisting of J. ii. kimball, Arthur
Sewall and c. H. Mcclellan. was chosen to
solicit. subscriptions. The original sub
scription paper was reported to have S44 900
on il, an increase of 81 900, and another paper
is out.