Daily Kennebec journal., 1896-07-13
WILL HAVE ANOTHER START.
Plan for e-orgnizantion Of Wiscasset 4
Quebec R. R. Co.

Wscasset, July 12.-On Wednesday,
July Is, at 10 A. NJ, special melting
of the stockholders of the Wiscasset
& Quebec Railroad will be held at
Franklin hall in this village. This
meeting is called as the result of the
activity put into the this railroad pro-
ject by the new managers and is to
deal with very important business.
The new directorate, with that indie
fatiguable manager, w. f. p. Fogg, as
leader, proposes to land the road in
Pittsfield before January. '97. and. al
though they have cut out quite job,
the men at the head of the enterprise
say that the road must go.
The prospects now appear to be that
the extension will result in making the
road part of the Sebasticook and
MoSehead system, Il line that has re-
Gently taken quite a boom and that is
stirring up much railroad interest in
Somerset county. This latter road is
being pushed through toward the Ban
gor Il Aroostook line, and it is said,
will form a junction with the Canadian
Pacific Road.
A wholesale reorganization of the
Wiscasset & Quebec'S financial affairs
is planned, as may be seen by the fol-
lowing articles in the call for next
Wednesday,, meeting.
2d. To see if the stockholders will,
for the purpose of retiring the present
issue of the bonds of the company. the
payment of its floating debt and eX-
tending and completing it's railroad to
Pittsficld. authorize the directors of
the company to issue not exceeding
5000 900 of the bonds of the corporation
on such time as the directors may de-
tcrmine, not exceeding II years, and at
such rate of interest as may be deter
mined. not exceeding per cent. per
annum payable Semi-annually. and to
execute an indenture and mortgage to
trustees of the franchise of the com
pany for the construction. mainten-
ance and operation of railroad from
Wiscasset to Pittsfield, and all the rail
road and property of the company,
present and prospective, between said
limits, to secure the same.
Sd. To see If the stockholders will
vote to authorize the trustee named in
the indenture and mortgage of this
cOIflndIly udlCu l. tb. Il ''"'' ii's''N 'N'i-A
given to secure the bonds of the com
panv of the same date issued under a
vote of the stockholders at a meeting
held on the 24th day of January. 1898,
to cancel and destroy said bonds and
discharge said indenturc and mort
gage.
This article has reference to the
proposed consolidation of the two rail-
roads.
4th. To see if the stockholders will
vote to authorize the execution OF a
contract for a lease by the company OF
a part of it's line. road and property to
the Sebasticook & Moosehead Rail
road Company and for other purposes
in the form agreed upon by the di-
rectors of each of the said corporations
to be presented at the meeting OF the
stockholders hereby notified.
The road bed of the Wiscasset 4
Quebec line has already been graded
into Burnham. but the traek-laying
and ballasting and the construction
work between Burnham and Pittsfield
will make a lively summer in that sec
this project succeed at last after Its
ton Every one will be pleased to see
disheartening delays. and with two
ends" prosperous traffic seems to
await it.