The Republican journal. [volume] (Belfast, Me.) 1829-current, 1885-07-02
Benz. Hazeltine and A. A. Howes have put in tel.

Benz. Hazeltine and A. A. Howes have put in tel.
ephones at their places of business.
At the meeting of the Waldo county agricultural
trustees in this city, Saturday. it was decided to
repair the trottng park building, the labor to he
done after haying.
The Surgeon General of the Marine hospital ser
vice says in regard to contracts for the care of
seamen in Maine ports that at Belfast the medical
attendance is to be furnished by an acting assist
ant surgeon.
Mr.. Charles W. Burri will open his school of
oratory at the Universalist church vesry, in this
city. on Friday evening. All those interested are
cordially invited to be present on the opening
night.
Mrs. MacCarthy, Belfast, has marked down her
millinery 20 per cent. Read her advertisement -.
Robert McCobb, Lincolnville, has fine farm Tor
sale Harrison Chase, farm for sale at Unity ....
| See notice of Williston Grinnell, Searsport, Me.
There will be an excursion to Belfast, to-day,
over the Maine Central from Waterville and i'm
mediate stations for the purpose of attending Bar
NUNS circus. Excursions will also come from
across the bay, and if the day is pleasant Belfast
will witness large crowd.
PROMOTED. The many friends of Mr.. George
p Field will be pleased to learn that he has been
taken into partnership in the well known insurance
| firm of Soul & Bradley, Boston. Mr.. Field began
his insurance career in his fathers Office, in this
city in 1860, since which time his promotion has been
rapid and deserving. lie has been secretary of the
First National Fire Insurance Co., of Worcester,
Special Agent of the firm of Foster Scull, super
| intendcnt of the General Agency Branch of the
Fire department Of the same firm, and is now a
partner His present duties will he in the fire
branc1 of the business. The ability Mr.. Field dis
played in settling losses in the great Chicago and
Boston fires brought him into notice in insurance
circles where his abilities generally recognized.
The journal wishes Mr.. Field success in his new
position.
| RAILROAD MEETING. The annual meeting of
the Belfast and Moosehcad Lake Railroad company
was held at the Court House, in this city, ON We'd
nesday, July lst The following is the report of
| the treasurer:
To the President, Directors and Stockholders of
the Belfast and htoosehead Lake Railroad Com
pany
Gentlemen-I herewith present my annual report
of the financial department of your Corporation
showing the receipts and expenditures of the past
year ending this day, and an exhibit of the present
! state of the Company funds.
rental and income on investments amounting to the
sum of So, nlJ %
Balance on hand at last report.... 500. 36,9l 20
| The payments of the past year for inter
est, charges, coupons and expenses to-
gether with an investment in 100000
bonds have amounted to................ 25,024 /
Leaving balance in Treas. of .......... - 601 %
Being Sl5,69l AS more than last year.
! The exhibit of the funds of the corpora
ton shows in cash and investments a
par value of............. ............ 1880 81
should the Court allow this fund to be used there
Will be 10 difficulty in paying the city with the
| interest due thereon on the fifteenth of August
neAt thus placing in the city treasury towards the
redemption of the city bonds falling due at that
| time some fifty thousand dollars about one half
the outstanding loan, and forty thousand in bonds.
with this liability removed from the Company its
credit would be ample to meet any liability that the
decision of Cour; in the suit pending might be, and
at favorable rate of interest if loan should be
| come necessary. Ard ! would most respectfully
Recommend that in due season, unless decision is
rendered before August that the necessary steps
he taken ny your company to anticipate the pay
mtnt of the note at that time which Would relieve
the Company of interest charge for 3 months
and leave in the treasury sufficient for any present
liabilities.
All of which is respectfully submitted
JOHN II. QtIMBf, Treas.
The following is the report of the president:
To the stockholders Of the Belfast and Moose
head Lake Railroad Company in annual meeting
assembled. Gentlemen:
We have reason to be much gratiled with the very
favorable exhibit of the finances of the company
presented, to-day, i'll the TreasIlrers report. lie
therein tells us that the cash and cash-luns, at
their value now in his keeping amount to
.... $94,940O7
At their market value those funds will
yield an additional sum of ........... 2Gl000
And interest on them TO Aug. 10, of the
current year further sum of ........... l,30000
Making the total available assets of the
company at that date to be............. Is 1900
The amount Of the city of Belfast note to
date will .................., s9,2ls 80
And If II be then paid there will remain
balance III the treasury of............... s,.3l51
The aforesaid note does not mature until Novem-
Der 10Th, 1850, but we are Informed that it will be
agreeable to the city authorities to have its pay
ment anticipated ao above; and as its payment at
that date will benefit the company in interest ac-
count / most heartily concur in the recommends
ton OF the treasurer, that ii be paid at that time, il
the court will allow to do So
should the final decision of the court necessate
the return of the funds used TO the treasury of
the company, its financial condition is such that Il
loan to replace them could be negotiated at lower
rate of interest than is paid ard the result
would be that much more favorable than the pres
ent arrangement.
From the foregoing il will be perceived that no
decision in our which had been submitted to
the court at the date of our last report, has vet
been reached. We may be favored with decision
of 1t very soon; but Judging from the number of
cases submitted previously To ours, and not yet re
ported, ii seems much more probable that may
have some months yet to wait before we are fav-
ored.
Until a decision of our case is rendered by the
court no line of policy for the payment of the in
debtedness of the company at maturity cMn he de-
fnitely laid down. 1t may be remarked, however,
that if the net income may be invested al a moder-
ate rate only, and used in such payment, sum,
amply and timely sufficient for that purpose may
De accumuiate and the company may thus be
enabled in May 1880, to redeem its road from
mortgage or other incumbrance" thereon; and to
raise its stock to its highest value attainabe under
the present lease; and to enable its stockholders
thereafter to receive annual dividends their
stock to the full measure of the rental. 1t NAV be
also remarked that, seemingly, policy more
fraught with benefits to all the stockholders of the
company can he devised. All Of which is respect
fully submitted. |. NJ. BOARDMAN,
President
The following directors We're elected: |. NJ.
Boardman. l.. A. Knowlton, J. S. Hartman, W X.
Morrison, 5. W. Mathews, IL. l.. kileore, Geo. +.
Wallace, F. ii. Durham and Chas. Baker.
The following motion was passed.
That the Directors of the Company be directed to
apply to the supreme Judicial Court for authority
TO MAKE payment from The funds of the Company
now IN BOND OF the note of the Company for SS1,9o0
held by the City of Belfast the 18th day Of Au-
gust, next and if such authority should he granted
to pay said note at the time above named.
At a meeting of the directors L. NJ. Boartlman
was reelected president, and John II. Quimby
clerk and treasurer.
CAMDEN. Mr. CIV. Dodge of n. H. the contractor
for the mail route between Belfast and Camden ar
rived here Tuesday, to make temporary arrange
ments for carrying the mall un i'll he can stock the
line and run it himself He intends to put on a
four-seated vehicle, using one horse only, but
changing three times on the trip.
MONTyIILE. VIM. Alexander died at the resi-
dence of Leonard Edmunds Friday about midnight
June 2G, at the advanced age of So years. S months
| and % days. He was born in Belfast, Me. Oct g.
| 1893, and was cousin of John A. Logan, late Re
| publican candidate for vice president Logan's
| mo ther WAS sister of AeXander's father-.John
| Alexander. John Alexander Logan was named
! for his uncle John Alexander. He married Martha
| Pearson Feb. /, 1924, and began keeping house in
| Belmont, now Morrill,, near the Weymouth s H.
| His house is now used for a cooper-shop. He sub
| sequently removed to Montville on the farm now
occupied by Sumner Poland. He had six children
| that grew to man and womanhood in the fol owing
| order: Louisa, wife of the late d. b. Tobie; Han
| nah, wife of Moses Poland; MARTHA wife of L. S.
| Hatch; Emily, wife of NJ. f. Herman; Mary, wife
of Leonard Edmunds; and Hollis, who served In
the late war. He leaves a widow, who was Sc years
Old the day he died, and the three last named dalg
| ters eight grand children, ana three great grand
children to mourn his loss All relatives, eX
ceFting grandson, and his family were present at
the funeral He was life long Democrat, and
the whole has been very peculiar man. He chose
Rev. S. o. Whitten of Palermo to attend his funeral
and selected Eccclesastes, chapter IL, verse for
| 81.