Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-05-27

fPse,ous I,Ie s.,-H.rad /

Pfesque Isle Saf-Hefn1d
The Bargor ard Aroossook Railroad en-
seTpfise i nov in the eeId asking for sub
fcrip.iors to i.s stock.
II would seem ~ il il had abundant
merit - . scaad AID safe business invest
ment TO insure the ready taking Of the
rfqoisise amount This sheud result fer
many reasons that do not sppiy in average
casss Of railroad construction.
New EsglAnd has not II the present
tina, nor has il had n any time 10 its his
tory field Of equal richness and pssmiss
for A. squsI iavsstmsrt Of money. So TAR
ss eapabsl;sy 10 concerned Afoossook has .
.a.ae percentage Of all thss New England
beasts Ia that isae.
Fsiiy clear ard pat into tiilabls shape
the various townships that worli be tTien-
tary 70 the proposed lev railroad, aod
Arcossook could safely match herself
asaios. all he rest Of New England asri-
calturaiiy. She already sends 10 900 car
loads from For, Fairfield and Houlfon
annually. and this 10 the very Infancy Of
her development In tee years with the
Bangor and Aroostook she would treble
thi. output.
Because in addition to the immense sgri-
stimulate. all or nearly all, the lumber that
row f1ais to foreiga p5rt wouii be man
a'sctuei here aad sent 10 market BY rail.
There il. Is matter OF fact, no parallel
IA New Eoglsnd railroad history TO this
ciss. Ordinarily capitalists might hesitate
ABOUT the business prudence and wisdom Of
Investment in the first stock Of new rail-
road, but there Is everything to invite it
here, TO confirm the moet conservative
Investor, and assure the most cautious
sgsinst risk Of less.
II there ever was Al enterprise launched
that was favored child Of the Legislature.
~ to profit, i. IL the Bangor and Aroostook
R.iifoad scheme. The law makers were
more than generous to II. They gave il
practical control aud exclusive enjoy ment
Of this great field for = period Of twenty
years.
No other company may parallel its rails
sitbin distrcs Ct af:een miles, q pro-
vision which virtually bars Cut ali serious
competition in the trsffic Of this great sec
ton. For the mere slnecure job it under
ttaes Of carrying soldiers and munitions
IN case OF war OF insurrection, it has
niaetY-fve per cent. of its taxes RENTED for
period Of twenty years. Where else will
CO pital look for field Of such extent and
richness offered free of all incumbranCe,
and with so many circumstances Of ad-
vantage?
To the average understanding it would
seem that the man burtened with surplus
wealth, when his attention is called to such
region, in extent and physical resources
more q state than = county, famed far and
wide for the richness Of It's soil and its GER
tain prospects Of rapid and almost marvel
lous development, would not hesitate about
taking stock in a railroad to penetrate it
that is TO have exclusive enjoyment Of such
territory.
IL is not reasonable to suppose that Ban
gor capitalists. to whom the appeal is made
in this case. will be so blind to the practical
merits and rich promise of such an invest
ment. as well as so Indifferent to the COM
mereial welfare and prosperity Of their city
as 10 Withhold liberal support to this great
enterprise. And to their credit for enter
prise and sagacity it is to say that all indi-
cations now point to their giving 1t ready
and willing support.