The Portland daily press., 1897-07-31

L
by the Bath Times in regard to the re-
ported sale of the controlling interest in
the bonds of the Lewiston and Auburn
Horse Railroad company to syndicate OF
which the Hon. Galen G. Moses of Bath
and Amos Gerald of Fairfield and
the Hon. I. G. Libby of Waterville are
members Mr. Twitchell says the report
published is true. "The syndicate is a
very strong one,' said Mr.. Twitchell,
''and while I am not at liberty to give
any names other than those which have
been mentioned, l do not deny that Bos-
ton capitalists are interested in the
scheme We are in this scheme for bust
| ness and not for fun. The road will now
go into the hands of receiver and the
Lewiston and Auburn Horse railroad,
which you know is an electric road, will
be wiped out of existence. We are not
ready to announce our plans and will not
get into shape to carry them out this
season, but it is true that we intend to
extend the Lewiston road to this city and
to other points,
Mr.. Twitchell was asked if the report
sent out that the new company would be
capitalized at $1,000, 900 was true Mr.
Twitchell said those figures might be a
little high, but he added, "as I have said
the syndicate is composed of experienced
men who control a great amount of capt.
tai and it will take a lalge amount of
money to carry out our plans"
AS has been already stated, the syndi-
cate has contented itself with securing
the control of the bonds of the road. The
amount of bonds is $3.50, GOO, IS, 500 Of
which are first mortgage and the syndi-
cate controls one half of these. In regard
to the position which will be taken in
regard to the other bond holders, Mr..
Twitchel declined to talk. The First
National and Manufacturers National
Bank of Lewiston own $4,000 of the
bonds. This deal which has finally been
made has been talkeds about for a long
time. There are all sorts of rumors af1oat
as to the magnitude of the plans which
the syndicate intend to inaugurate, but
it is generally conceded that this bust
ness venture is one of the biggest under
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line from Lewiston to Bath and the pro-
posed line from Lewiston to Gardiner
would, of course, be in direct competition
with the Maine Central railroad What
| is known as the Brunswick charter which
the syndicate controls is very liberal
one and under it, attempts will probably
be made, it is said, to build electric lines
in direction which will meet W it'll siren
uous opposition from the Maine Central
railroad.
Gen. Leavitt and Hon. George S.
Murchie, directors Of the Washington
Co. Railroad Company, were in East
port recently with contractor
Mitchell and a party of capitalists and
engineers who have been over the whole
line of the proposed railroad. John D.
Riley of Philadelphia, John B. Carter
n. G. Reed, R. W. Leavitt, J. A. Sim
mons, Milton Smith and Joseph Marrow
of New York were of the party. It was
learned from one of the visiting gentle
men, that most favorable impression
was received in their trip over the route
which was solely for business. The party
went from Eastport to Calais, and contin
ued their investigation over the Shore
Line from St. Stephen to ST. john
From those who have knowledge of the
plans of the gentlemen now interesting
themselves in the new railroad, it is be-
lived that the prospect for the building
and completion of the road is better than
at any time since Its inception, a quarter
of century ago.
| A special town meeting was held at
Longs Hall in Limestone Village, Mon
day afternoon, for the purpose of voting
on proposition to aid in the construc-
ton of the Aroostook Northern Railroad.
President Burleigh and his son, Parker
2. Burleigh, ESQ.,, were present at the
meeting which was large andenthusias-
tic one. The town voted by q large ma
jority to give the company in the sum Of
$1,000. The selectmen were authorized
to raise the money by issuing five per
cent gold bonds running twenty years.
A large force is employed in, the con-
struc ton of the new railroad from Carl
bou to Limestone. About FIVE miles of
the road will have been graded within
the next few weeks. The first shipment
of rails will arrive about the middle OF
August
Gettysburg, Luray and Washington.
The Pennsylvania Railroad Company
has arranged for most delightful nine
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