Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1894-07-23
GOOD NEWS.
Board of Trade After Allen
Publishing House.
Proposed to Organize Company to
Garry on the Business.
Committee Appointed 10 Confer with Present
Owners Frightening.

A special meeting of the Augusta board
of trade was held, Saturday afternoon at 2
o'clock, to consider matters relative to the
suspension of the E. c. Allen publishing
house.
A statement was made by Hon. s. W.
Lane concerning the affairs Of the establish
ment which was favorable to the purchase
of the plant at a very reasonable sum.
On motion Of Thomas J. Lynch it was
voted that committee consisting Of Hon.
S. w. Lane, Col. A. 5. Bangs and Col.
H. G. Staples, be appointed to prepare q
circular to the business men of Augusta,
calling meeting of the same on Tuesday
of this week.
Colonel A. s. Bangs made an enthusi-
astic speech, forcibly reminding the men,
bers of their duty on this occasion, urging
them to proceed at once and, by their
earnest efforts, to re-establish the business
of the Z. C. Allen Co. Pointed remarks
were also made by T. ]. Lynch, c. S. HIGH
born and Capt. Black.
Oscar Holway, Mayor ,Milliken and c..
S. Hichborn were made committee to con-
fer with the company and ascertain what
arrangements can be made for issuing the
August numbers of the Allen publications,
and other matters connected Herewith.
The following circular has been issued
to the business men of the city:
The +. C. Allen Co., having announced
a suspension of business it will be necessary
in order to save the business to the city Of
Augusta to Immediately organize a company
for the purpose Of purchasing and carrying
on the business Of the aforesaid corpora
ton. Such information as subscribers to
the stock may require will be given at the
meeting, and all persons who are willing to
subscribe for stock upon favorable show
ing of what may be done, are requested to
meet Tuesday evening, July "a, at the
common council room, when an adjourned
meeting of the board Of trade will be held.
n A. 3; BANGS Committee
Il n g sT.r,ns Board of Trade.
The proposed steps Of the board of trade
spread rapidly, Saturday afternoon, and
the business men were talking about it dur
ing the remainder Of the day. All hope
that some definite arrangements may be eff
fected whereby this mammoth institution
may be kept in running order. A JOURNAL
man had chat with several of the leading
business men and they feel that it will be
possible to organize stock company.
One man interviewed spoke as follows ::
81 would, as well as every body else, like to
see the e. c. Allen plant kept in motion,
but if stock company is organized it
means pot Of money on the start. To
form a company most assuredly means
for the wealthy men to get down
into their heap of capital and
draw, If the idea of the board of trade is to
be carried out.
at is a peculiar business and one which
demands a man of new schemes and fresh
ideas at the head. lie must have conf
dence in his ability and DO allowed to 90
ahead. The business is one largely of
speculation and of course when judiciously
msnaged will pay
The developments between now and
Tuesday evening may mean great deal to
Augusta, and when mass meeting OF the
board Of trade and the business men is held
on that evening, the result of this flush of
enterprise may result in the formation of a
stock company to boom one of the industries
in which Names capital city justly takes
pride.
Csniurnd