Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-01-02

one combination baggage, mail and OK
press car two first-class passcng
coaches, one second-class passenger coaeh,
one snow plow and one 1ange digger,
gether with section hand cars and push
cars constitute the equipment thus far
purchased.
| 1t is confidently expected that the road
when in operation will develop very
large earning capacity. No railroad in
Maine traverses more populous, prosper
Gus, or rcsourceful section. The fact that
many people in the various towns are
stockholders insures to the road a friendly
local interest beyond what would other
wise be reasonably expected The condi-
tions are all favorable to rapid, per-
manent, and profitable traffic develop
ment.
AT an annual meeting of the stock
holders, October II, 1894, and at a meeting
of the directors November z, 1894, it was
voted to issue 100000 of first mortgage
five per cent twenty year bonds, 800, 900
of which to be Immediately sold for the
purpose of completing the road to Burn
ham, the remaining 5000, 900 to be i'm
pounded until such sum additional as may
be necessary with said 5000, 600 TO COM
with the Bangor Il Aroostool and Cana
dian Pacific roads shall have been other
wise provided.
The entire authorized issue is secured
by mortgage and indenturc covering
all the franchises and property Of every
name and nature of the Wiscasset & Que
bee Railroad Company now or hereafter
to be acquired, dulyexecuted to the Water
vile Trust ~ Safe Deposit Company of
Waterville, Me-, as trustee, mt whose
banking rooms the principal and interest
are both payable.
The 500, 900 of bonds thus authorized
for completing the road to Burnham are
now offered at par and accrued interest
to conservative Maine investors. These
bonds do not bear large rate of interest,
and carry with chem no bonus" of stock.
or other collateral advantage. They are
offered as a safe, sound, permanent in
vestment. The purchaser will not have
to journey across the continent with a |
microscope to find his security, or resort
to the courts to collect his coupons,
The Wiscasset & Quebec Railroad is n
Maine enterprise, managed by well |
known Maine men, and is n judicious in |
vestmcnt for Maine money. 1t Is such |
enterprises that will upbuild the State |
make available its magnificent resources.
and increase its population, wealth, and
Importance. 1t is a safely invested COM
potency at home within the range OF ones |
vision, that brings contentment and hap |
piness. The day has passed into history |
when sensible New Englanders lost their |
heads in pursuit of phantom fortunes in |
the West and South. Men have learned |
that the hazard" increases proportion
ally with the rate - and the appetite for 1
reckless Investment has sensibly dimin |
ished in recent years. These bonds are
therefore offered with confidence that |
their merit will befas fully appreciated |
us will the soundness OF the enterprise in |
furtherance of which they are issued
For further information concerning the |
security, of the conditions of the loan, |
address The Wiscasset 81 Quebec Railroad 4
Co., Wiscasset, Maine, or the Waterville |
Trust a. Safe Deposit Co, Waterville, |
Maine.
A table showing the resources OF Maine |
Savings Banks and the amount of X. X. |
stock and bonds held by them:
Total r. II. bonds owned, 5.065, 257 80 /
Total X. K. stock owned, S63. $50 26 /
Loans on r. X, bonds, 1895, eii % 4
Loans on r. r. stock, 623 ,s76 SIS |
Maine Central stock owned 2,7ls,s52 30 |
Total resources of banks Noy.25,
'aa. 1921 ,is7 oe