The Portland daily press., 1889-01-07
BUSINESS IN MAINE.
what Energetic Workers Are Doing
In Many Towns and Cities.

The Bar Harbor Banking and Trust Com
pany have declared a dividend of per cent.
There is still about $4,000 in the subscrip-
tiOns lacking Of the amount needed for the
purchase of the Lewiston mill property.
l. c. Libby. Esq, the well known cattle
fcient amount of land to the Maine Central
should they decide to locate the proposed
new stock yards at Burnham.
About one hundred corporations have been
excused from sending in their annual returns
to the Attorney General Of Maine.
A petition for the total repeal Of the Maine
insolvency law Is in circulation through the
State The petitioners declare that the ten
dency of the law sis TO encourage idleness,
intemperanee, immortality, dishonesty, reck
less speculation, the contraction OF debt and
numerous other evils among the people Of
the State, and that these evils are daily i'll
creasing."
II suitable arrangements can be made
with parties with whom j. X. PulSlfer OF
Auburn is negotiating regarding the matter
of starting factory at Sacearappa, for the
manufacture Of leatherb0ard counters, 1t IS
likely that Mr.. Pulsifer will remove his
plant from Auburn TO that town. Mr.. Pulsi-
fer has built up good business in Auburn.
The Great Works pulp mill people, says
the Bangor Commercial. are still gazing in
the direction of the Lincoln pulp mill, but
have not yet purchased,it is understood Mr..
s. Il. Montague and j. Il. Mullen, OF the
Great Works Company, have been at Lin
coin looking over the property.
Accounts from various parts Of the coun-
try, although many persons in different lines
of trade are engaged in taking account Of
stock, indicate a very healthy condition OF
affairs as regards the prospects OF business
for 1889. Last years trade exceeded the av-
erage, especially If due allowance be made
for its being presidential year. This year
merchants generally are looking forward to
a busy and prosperous time, and this fact
alone will do much to bring on the eonsum-
nation Boston Transcript.
The national banks of Wateryille paid
their usual dividends on Tuesday. The
Ticonic and Peoples paid four per cent and
the Merchants adhered to its usual policy of
paying three per cent and having the sur
plus earnings In undivided profits. The
past.year has been fairly prosperous. Good
rates for money have prevailed, seven per
cent being charged outsiders-that is, par
ties not keeping accounts with the banks:
Deposits in the aggregate have fallen on
during the year. The cause Is the with
drawal Of large sums that were lying In the
banks, awaiting opportunities for profitable
investment. The aggregate Of active busi-
ness accounts is undoubtedly larger than a
year ago. The Waterville Loan and Build
ing Association has made steady growth.
A petition is in circulation in Randolph
for a charter for the establishment Of a
mutual fire insurance company to be officered
and controlled by gentlemen residing In
Randolph. The petition has already re
ceiyed the signatures Of about one hundred
of the most prominent citizens. The petit
ti0n will be presented to the legislature
early in the present session, and IL Dill IS
passed the company Will at once be formed
with capital OF 100000.
The cost of rebuilding the splendid mills
at Milford for the Bodwell Water Power
Company is estimated at $4,000 and the pre-
liminary operations have already COM
menced. Many millwrights are to be EN-
ployed there after work begins. The Bod
well Water Power Company will rebuild on
the shore side of the sluice. and Jordan &
Stewart on the other side. The capacity OF
the former will be three gangs, two single
saws, two clapboard machines on the
upper floor and lathes on the lower
Jordan & Stewart will put In rotary and
short lumber machines, also the same firm
will put rotary into their steam mill up
town.
An important business move in Bangor /:
the consolidation of the firm Of Cutler x Co.
Of Bangor, with Mr.. Frank Stetson of St
John, n. b., Of the recent firm Of Hayforo
Il Stetson, the new firm to be known a
Stetson, Cutler q Co. The business will bt
the manufacture and sale Of long and short
lumber, with Offices at st. John, Bangor and
\ Boston. Mr.. John l.. Cutler, Jr., will go L
the st. John office ana Messrs. George C.
anu OuLlck Will ltiuONt W DUotOu
take charge of the Boston branch Of the bus
iness, and Hen. John l.. Cutler will continue
to reside in Bangor, looking after the inter
ests of the firm there. In addition to the long
lumber business Mr. StetsOn now handle:
| 100000 Of shingles annually, while the
| cut of Cutler & Co., is 7000C,000, making the
combined amount Of the consolidated firm
| 100.0O0,000.
No. only the citizens Of Waterville, but
thos eof all the other Kennehec towns above
Augusta, are in earnest in their determine
tion to preserve their rights regarding navi-
CATION of the river and tishway. Hon. +.
+. Webb informs the Waterville Mail that
ON bringing this fact before the directors OF
the Edwards Company, he has been assured
by them that they were not anxious enough
| for the discOntinuance Of the lock to pres:
| the matter against the opposition Of the mp
| per Kennebec towns.
The Biddeford Board Of Trade complain
| that their river did not get enough by the
| last river and harbor bill and have memoria
| lized Congressman Reed to use his utmos
| endeavors TO secure the passage Of the riyel
| and harbor bill now before Congress, and tG
have substantially the following inserted in
the same, viz: 'Improging Saco river
| Maine, from the cities Of Biddeford and SacC
| to its mouth, including a jetty across the
| bar, in accordance with the plans OF the
| engineer in charge Of the work-S25, 600
| The board also has appointed Otis L. Carey
| S. f. Shaw and G. ". Weymouth committee
| to formulate petition for new post Office
| which must be had before the free delivery
system can be had.