Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1892-02-26
The Railroad Question.
I BAngnt Xhig


The special committee which has had the
proposition Of the Aroostook Railroad
Company under consideration, reported The
SANE St meeting u Ihe city government
lass evening and recommended tina. II De
submitted 70 popular vote.
One OF .he chief objections 10 the orig
inal proposition, and. perhapi, the main
OBJ 4cnon, vas the failure 10 insert spe dc
clause to extend the line into Biugor. We
have always ,dsrs:ooi this TO be the ia
tentlon CT the company, but for certain
reasons IL vas not mace part Of thei'
h,sI orfar. This omission having caused
siderable discussion, however, the com
pany has me; this opp1sirioa by The ins=r
uoa OF clause agreeing to ex.end the hae
into the city within one year of he compile
ton Of the roai into Ar0ost3ok, or at all
events within four years OF the time from
whieh !hey take possession OF tie Is. & L
Rosd
Another change is made in the mat e. OF
| retonding the ln5s. Ia case tne company
should tiad il e1pedens 70 take full pr
session OF the foSi ia 1889, when tue bond
mature. the city, shall If req Tested, iass
up the $500 900 of siX per cent. bonds, AID
| the 1925 coo of seven per ceot. bonds, aud
| Issue new b 5nds - an sousl smou i d1c II
| tea yesfs, ieafiag semi annual I"tsrest a
| such rate IS msy be regarded sLth lent 70
| secure tie ssle of said bonds at psr, TO
| exceeding i've pr cent. per snaum la hr
nrss offer It WAS further provided that II the
| sale of said bonds produced = sun in exec $,
| OF their par value. the Afoosioos Compsny
| was 10 receive such excess; or II The b)rd;
produced sum less iAan theft par valus
me Aroos.ook Company wss TO make int
| q, CIT good 20 the cisy IN q cssh payment
1t having been claimed thst the comp any
"ss liable u receive a consl 1eraDle suoi b.
reason of this transaction, the provision
hiss been eliminated, thus removing thi,
obi ecriop.
La the new proposition 4 specific re1ts
IS nxed rs follows: From April l... 1879.
TO Aprtl lst, 1898 S33 $50; from April lei:
1898 to April l,t, 1894, S36 $50; frou
April l,s, 1894 10 April lst. 1895, S43 80
After lhe first of Aptil. 1895. the compsn,
is TO pay as annual rental the iu interes
IN tie ooLdet indebtedness Of tle city. L
is further stipulated tia. the campsn shs
not only expend all of the esrn.Hgs OF sht
road in excess of the rental IN improve
~ents, but shsl put down Ave huulred TO L,
of stae! rails each year, thus adding yer,
materially 10 the vslae Of ,hs citys road.
| These are, we believe, the priDcips
changes that have been made 10 the propo
| -lt.ou Ihe readiness Of the compsny /
meet the main obj ctions mat have be-
ras d lniica'es 4 purpose 10 deal fslrly
with the CT y in this important TRANSACTION
There remSins the question of security tina
lss been urged b. aome of our cisiz 4ns
| IN t,Ua And bas Nf bo b,-
opposed the lease from one cause or ano,t.
e. regard he improvem .nJs that vii! b
| made on the road, together rish the fac
shat neg aad impor ant feeder is to b,
itded III the constitution Of the line lat,
Aroostook, as constituting security Of So
| tsfsctory character rhe accounts Of tn,
q. & Z. road are % be Kept separate from
al other accounts 80 that ,be city can a. Al
lines know just what the rU.i is doiag al,
Shst di position Is oeiag made Of the flu md
| . ,h4t there IS no chance lor bad faith ever
il it were .t!cipated
| ne q irstlol IS ~ 20 60 to the penpl,
| OF their decision and should b. met 10
-.lm and Logical manner, entirely divestsf
| IF all personal feeling as 10 whst has or hs
not been done in the pas. Wnst is bes
tof the oity now AID fer the future shout
he the one and only LES ion 10 the mind
Of the people. This question re bsliev'
the peop'e are ready IL meet sod to meet i
!.te!ligent.y, and We also believe tina: til
| 'sc'el0l vi. be favorable To lease OF til.
road.
We think that mistake was made in no
| 'ubnilung the mane. 10 special meetrl
| If he citIzens ratAef thsa = mix it up wit
ous srnasl spii1g election. / IS purely
| ou.ileOs ue,tiJn, ALI ought Mt, We thiuh
ue so submitted ~ The ps OlIe Us 10 subj l
il TO Any political bias one rsY or the otnrf
| However the decision has been made aud
| be weeks that Intervene before the electlo
| he people must prepare to pass upon tn'
| question soieiy on its merits, and unintlu
sncsd By any ,ther consideration.