The Portland daily press., 1883-04-05
RAILWAY NOTES.
Shore Line Railway.

at the public meeting in Bangor Tuesday in
the interest Of the Shore Line railway, Col. j.
N. Greene said.
!. nat we propose to do is to put under ac-
suai construction within the next thirty days,
some Iorty miles of this long talked OF Shore
lane hallway, provided we get along the line
IN ended to be first built, that small amount OF
encouragement we ask and which is so small
,su nmat am almost ashamed to mention the sum.
!, ahis line from Bangor to Sullivan water, in
the county of Hancock some SO miles, as esti-
mated, will cost say $4,000 to $4,000 per mile
reauy Tor the rolling stock; which stock will
~ Do provided and the road be as we'll equipp-
90 as any In the State of Maine. 1t will be
laia with steel, thoroughly, built and one OF
the pest roads in the State.
VI this sum (l7 ,000) have secured S14 800,
anu u you, the citizens OF Bangor, will take
sss stoek IN II to the extent OF the small sum OF
9io,UO0 this sum, together with what other
towns will contribute In money, right OF way,
ete', viii make approximately, $l5,600 per
mile, and the balance have taken upon my
SSH 70 provide from the stock. have no doubt
myself, neither have other friends of the pro-
lect, that the line once finished TO Sullivan
ond the 3 1-2 miles on the Calais end that is
low low under contract, including bridging the 81.
oroix river and connecting with the st. Croix
ana fenobseot Railway in this State is done,
shat tne greatest half Of our task will have
peen accomplished, as have strong encour-
asement from the towns between Sullivan and
Saiais that they will aid 1t as literally as posi-
oel and proffers OF help from other sources,
Wnlch, combined, confidently expect will en-
snle az me to complete the line to Calais and Sc.
oeophen, including branch from Pembroke
70 Eastport, and connect with the Grand
southern Railway of New Brunswick within
.wo years OF the completion of the forty miles
above mentioned.
~, What ! ask of you, then, in short. Is this
t dnat the citizens of Bangor contribute S15-
VVV towards this great work, for which they
can receive, If they so elect, the full paid
STOCK Oh the company; that this money be paid
into the hands OF trustees that you may select
and held by them in trust until this road is
completed la q good substantial manner to
Sullivan water, and present you with certE-
icate OF acceptance and approval from the
Railway Commissioners of the State OF Maine.
When the road Is SO completed and such certi-
ficate and acceptance is produced, then the
said trustees are TO pay over TO me the sum OF
$4,000, as agreed in the paper that will be
presented to you to-day. And further, that IL
this road TO said point In Hancock is not COM
pleted on or before the first day of July, 1884;
then this agreement and promise Of yours 10
be null and void and OF no effect.
come here with simple business PROPOSE
tlon. | have presented the same to some of
the towns along the line, Ellsworth among
others. and they are taking hold of the matter
earnestly and subscribing literally, doing
much more IN proportion than l ask of Ban
gor. Ellsworth has agreed to subscribe $10,-
0O0 IN stock at par and give the right OF way.
Reports from officers of the town of Hancock
say there is no donbt but that they viii give
the right OF way You SEQ put this in such
way that no money is asked or expected until
/ perform what l propose So that in any
event no harm can come to any subscriber and
their money and its income will then be return
ed TO them in case fail to fulfill the terms Of
the contract. In refutation OF the idea ad-
VanCn6 II / hxyil IA
road with this small sum asked of Bangor
can build 1t without it, / will say that they
know not whereof they speak.
The Eastern's Lease.
II is reported the lease OF the Eastern went
into effect Monday last. The journal says:
The result Of the lease operation, SO far as the
price of Eastern stock Is concerned, has proved
a bitter one to interested parties it is said Que
sanguine Director was confident that the mere
report that the lease had passed their board
would advance quotations to 70, while another
expressed the opinion that par would be reach
ed. The facts OF the case are, however, that
the lease is so decidedly in favor of the Boston
and Maine that there is no disposition TO pur-
chase Eastern at any reasonable price.
The Portland Transcript says The question
Of the lease of the Eastern Railroad to the
Boston and Maine is one that
nearly concerns the public as well as
the stockholders of those railroads. 1t is, of
course, step towards consolidation That is
what it means in the end. That is the ten
dency Of all competing lines. 1t is undoubt-
edly trne that one great line may be cheaply
and efficiently worked than many small ones
1t is also true that the public may be better
served by such consolidation. The objection
lies in the great power thus put into the hands
Of corporations, which may be used to over
ride the laws 10 the public injury. That these
great corporations can be made amenable to
public regulation Is the question yet
to be determined. The public is suspicious
Df them. So far. in this State, consolidation
has worked for tho public good. The old op-
position to 1t has in a large measure died out
Still all thoughtful men see the necessity,
while they recognize the inevitable tendency
Of events, of keeping railroad corporations un-
der the control Of the law.