Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-02-18
Meet for Annual Election Of
Officers and Reports.
1reasurers Of Companies Show Good
Standings and Prospects.
Many oil Those Present Will Attend Kennebec
Company's Meeting. Tuesday.

| taken in the meetings which were held Tor
the election of officers, and the hearing Of
the annual reports.
The annual meeting of the Moose River
Log Driving Company, was held. Monday
morning, in the common council rooms,
in Opera house block, and the following
officers were elected: President, \. b
Page Of Shawmut; 5. W. Philbrick of
| .Skowhegan, treasurer and clerk; directors,
lE. E. Barton of Waterville; Charles
Lawrence of South Gardiner; I. W. Fogg
of Bowdoinham and Charles A. Milliken
of Augusta.
The annual report was submitted for
1895, by the treasurer, S. W. Philbrick.
The report shows $40, 700 of assets, with
liabilities of SIS, 500. The receipts for
the year have been ST., 100, with expen-
ditures of sl6, Ss3.
The asst ssm ents for driving have been
paid on total cut of 80, 6i2, $50 feet OF
which 1, 200, 900 were left back in 1895,
leaving amount to tax of %, i42, S96
| The total tax was S9Sl9.
| The meeting of the Moosehcad Lake
Navigation Company was also held in the
morning, and the following officers
elected: President, +. Fl. Appleton of
| Bangor; directors, A. b. Page of Shaw
nut; Charles Lawrence of South Gar
diner; Charles A Milhken OF Augusta ;
l.. H. Folsom of Grcenvllle, and S W
Philbrook OF Skowhegan.
The annual report of the company was
submitted, showing in part the following:
The assets are S23 Gil; liabilities $40 3l6.
The receipts with balance or hand at the
beginning of the year. amount to sS37l;
expenditures, $5071.
The total cut of logs lowed is SO, 555,-
34l feet; left back, 1900 000; towod
So 80, 81 tax $4,000
1t is reported that there will be a con-
solidation Of this company with the Co
burn Navigation Co.
One Of the log driving men said to a
Journal reporter, Monday afternoon
There will undoubtedly in the near fu
ture be some kind of consolidation of the
two companies. The Coburn Co. repre-
sents about $50 coo worth of capital; the
Moosehead Lake Company about $50, 600.
The former company, since the Governor
Coburn has been laid off, and with the
addition of the fine new boat which is be-
Ing completed, will have three good work
ers and the other two.
what is the reason for consolidation?'
was asked
The companies claim that their prices
are too low. driven there by competition.
One of the directors of the company
give any information upon the subject OF
a consolidation, except to state that no
such move had been decided upon.
The meeting of the Dead Rive. Log
Driving Co. was held in G. A. Z. hall, i'm
mediately after that Of the Dead River
Co and the following officers were elected
President, G. A. Phillips of Watervillc
clerk and treasurer, S. W. Philbrick of
Skowhegan; directors, G. A. Phillips of
Wateryille $. A. Nye of Fairfield, f. P.
Viles Of Skowhegan. William NJ. Shaw Of
Greenville, and John P. Clark Of Skowhs
gan.
The expenses of the year were as fol
lows: For men, IS, 1922 81; supplies, etc,
So, O31 .43 miscellaneous, s995.s4; expense
on dam at Forks, $Si4.51; Garry Pond
dam and Dead River dam, s5,262.5S,
making total of SO, 1870
The debt has been increased from $i652
to SS6SS owing to the building of the
West Garry Pond dam and extensive re
pairs on Dead River dam.
The total receipts arc $50, 079.
The total cut was "a, 391, 095 feet of
which 10, $50 feet were left back and 3, $685.
SOB discounted for short distances. There
untaxei for 1894, 6,2s0, 250 feet making a
total of 30,67l, 345.
A meeting of the Dead River, North
| Branch Log Driving Co. followed, with
an election of the following officers Presi-
dent, E. 2. Viles, Skowhegan; directors,
f. p. Viles, William NJ Shaw, Green
Vile; G. NJ Phillips. Fairfield; j. p.
| Clark, Skowhcgan, and j. p. Dudley,
Eustis.
| The report of the year was submitted,
showing receipts Of 5000; expenditures,
s2651.
The total cut was 10,7Si. $50 feet; dis
counted for short distance, SOL ,0i9; left
back, IS, 450, leaving 10, 78i, $50.
Among those present at the meeting
were the following prominent men: J. II.
Folsom, Charles Shaw, Greenville; +. H.
Appleton, Bangor; Ira H. Randall, +. S.
LYMAN, Charles A. Millken and Elias
Milliken, Augusta; Charles Lawrence and
Greenleaf Lawrence, South Gardiner; II.
W. Fogg, Bowdoinham: NJ. P. Milliken,
Richmond; NJ. G. Shaw, Bath; Thomas
.Jewett OF Gardiner; Omar Clark, Cara
funk; Heman Whipplc Scion; L. W.