The Portland daily press., 1883-10-10

colt. The proposition has been stated before.
There seems 10 be no occasion for any discus
sion as to the matter. as | understand the
meeting tonight is for the purpose of hearing
propositions and in connection Herewith, dis
closing the interests. It seems no proposition
is made, and I do not understand it is neces-
sary to disclose the interests represented.
Alderman Emery-I only wish to say that
speak of it because do not wish the matter TO
go by default, and as this evening was the
time named by the parties interested.
The Mayor-The New York parties came
here, and asked them the plain question, who
they represented in this matter, and they said
they represented syndicate OF gentlemen OF
means, that they were prepared to make not
only an offer for this road, but to pay the city
money for 1t; that they proposed to run 1t, If
they bought it, in the interest OF the city OF
Portland, which it must necessarily be for
their interest to do; that if they purchased
1t they had no question but they should make
arrangements with the Canadian Pacific for
the travel to come over this road, and that it
would be their business to bring all the traffic
mere tnat they could bring profitably to their
road. They declined to make any further
statement as to who or what they are with the
exception that if the city saw fit to make a
price for the road, and would accept such an
offer as they made. they were ready to take
the road and pay for it, and refer to parties
who would undoubtedly make the requisite
deposit to carry out the transaction.
1t Was requested that all persons making
bids should be prepared at this time to inform
the committee what interests they represented.
Mr. CleaveS makes the statement that he re-
presents Mr.. Wescott He probably, If he
purchases this property, knows what he is GO
ing TO do with it. The Canadian Pacific, who
are represented here, speak for themselves
and say they intend to use it as through line
in connection with their road Is that what
understand you Mr.. Stephen?
Mr.. StepheD-Yes, sir.
The Mayor would like to ask how you are
going to connect with your road W hen you get
up through the mountains?
Mr.. Stephen-It is not very easy for me to
answer the question the Mayor has nut to me
The arrangement is anything but complete
yet. We do not know very well how we are
going to do it. All our efforts so far have ter
minated at Montreal. A bridge has got to be
built, which will take about eighteen months,
and when we get across the bridge to Montreal
we will find some way of getting down to con-
meet with this road; and as to the connection,
we have that. A very good connection is over
the st. Johnsbury road and Ogdensburg, but
as said before, we have not given these mat
tiers very much consideration yet.
Councilmau Fogg would like to ask Of the
gentlemen representing the various interests
here tonight if they have in mind any fixed
time when they will be able to make their
propositions to the committee?
Mr.. Putnam will state, Mr.. Mayor, that
Mr.. Stephen has suggested to me that should
ask an adjournment until some time next
week, but am SO situated that find it inn
possible for me to be here at that time, and
they desire me to be here at the meeting, and
consequently was compelled to ask them to
adjourn subject to the call of the Mayor, as
may not be able tn be here for two or three
weeks, and perhaps more.
The Mayor-You desire not to have the mat
ter called up until your return?
Mr.. Putnam-That is my desire. have
been delaying in going away on account of
this matter, and it is absolutely necessary that
should be absent some two or three weeks.
1t was suggested that the committee should
adjourn until the latter part Of next week, but
was compelled to ask that it be left in q more
indefinite form, as they desired, / should
be here when the matter came up again.
| The Mayor would like to have it under
| stood that when this committee is called upon
| again, if possible, some definite proposition
| be made.
Mr.. Putnam suppose, SO far as we are
| concerned, we should not call upon the COM
mittee again until the proposition is in writing
The delay on my part, under the circumstances
| is unavoidable.
| After some further discussion, with refer
ence to the time of adjournment, it was voted
to adjourn subject to the call of the chairman,
it being understood that two days notice
| should be given.