Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-12-08

The ssbscrigtisas 70 ths preferred stock
ara asw fee<.ie A 10 Io1ss



IL ~il be seen that the amount raised BY
pie outside Of the county 10 only si4s.-
800 This ano91r saeIntss subicr psians
from Bangor. Poftisnd, Boston And Ses
York.
That the people Of Bangor hare nos
,sisssi more than fourth part Of What It's
rs preventative men and It's newspapers
s:sssd could ard would be raised, 10 some
tang Arooslooz people cannot undef,
sssrt aer y.t do they understand
vfy shs capitalists Of other cities Of Maine
d. soE subscribe more literally for the pre-
feIFsa sscck.
Masi assursdl5 10 GU. paopls appreciate
the 2iEd notices given the new raiifosd
prf1gc; AID the c5uety By tbs entire press
shaias. out they fail to comprehend the
reason Why, 10 SIX months time. oG!y sl4J,-
500 have bssp snbscritei for stock outside
VI .ro9sloek.
IL The oard. for two million dollars ear
not be pls si until 1921, 100 more is fsisf
BIZ subscription. and during the hrss sx
months only SLAB 800 10 subscribed, outside
Of Aroessook /, would appear As II some
| tai busting must be done this winter 10
order tha, active work On the road may be
commenced in the spring.
Bangor News, Dec 8.
| The stockholders Of the Bangor Aroos-
took Railroad held . special meeting In
Bangor. Fiiday afternoon, the object being
| TO decide whether they would Issue stock to
the common stockholders now or wait until
later.
| The matter Of issuing The stock was !eit
10 the hands Of . committee, which 10 en-
powered 10 issue the certificates Of stock to
the amount Of the subscriptions thus far
| paid into the treasury. The stock will then
be placed in the hands Of The treasurer, and
- fast 40 the remaining percentage OF the
amount taken ia paid in by the stockholders.
il will be Endorsed upon the face OF the
certificates.
This was pra ,sicsliy all that WAS doRe
formally 1t the meeting, but to use the
words Of President Burleigh they had .
good, square cit down. aud ia an informal
way looked the situation square in the face,
Il was decided to continue the surveys
until the final location Of the whole road is
completed, in order that when the time
&C mes for building there may be no delay.
but they will know Just what they will have
to do in the construction. The common
stock Of SiCo, 900 has ali been subscribed
for. and, ~ stated above. five per cent. Of
the amount paid in. The $1,000, 0OO OF
preferred stock is not yet all taken, $780,
900 being about the sum thus far taken up
These subscriptions are not coming IN 70
fast 90 desired and there was gel essl
feeding that, while Manager Cram
was doing his utmost, it would
expediate matters not q little to place
more csnvasssrs ia the tisid aud close up
the s20O. GOO gap without delay.
The meeting was adj ,uinsd until the
20 / It's. When = report will be made on
progrt 50 and it is hoped that somethipg
deiuite may then be done toward contract
iug for the construction Of the road. Pes
dent Burleish was seen last evening by a
| News reporter and said that he felt that
the outlook was very favorable. The socr-
er, however. the road is built ihe better II
will be, sad Mr., Burleigh was in favor Of
pushing the matter rish: through. Mr.. But
| Leigh thought that With two or three more
active esnvsssess the necessary sa OK
would soon be taken and active measures
could then begin in earnest.