The Newtown bee., 1898-08-19

THAT MUCH TALKED OF TROLLEY ROAI
TO LAKE wARAMAUG.
There was meeting, recently, Oh tn,
New Milford and Lake Waramaug rail
road at New Mrto~d to consider thu
giving an option on the property. Hol
Nicholas Staub had secured an option or
this property last fall expiring May
98, and lot being able to secure The
capital to build the road, asked for more
time, and the company voted to extene
the option b. Id by Mr. Staub until Apri
l, 80. f. e. Boyd of New Haven had ar
option on this property for about 9C
days, expiring July /, 81, and asked an
extention unul The spring Of so, and
claimed he would build the road while
holding the option. He made preljmin-
airy survey and spent considerab BILE money
in other ways in bringing the property
before the public. About this time M
SCaub mace representations that he
could secure the capital and build the
road himself. He stated he wou d be in
position himself in short time to put
considerable MONEY in project and with
several 0her gentlemen he could secure
sufficient funds TO start work and Dor
row the remainder and build the road
without doubt, and have it running in
'9S. 1t was understood at the time that
Mr. Staub had disposed of his interest in
the water powers of the Housatonic
river, and secured u large fortune for
ha SOL,
that the electric road to the lake would
be built, and that Mr. Staub would be as
successful with the electric water pow
ers. Your correspondent recently inter-
viewed r. c. Boyo Of New Haven, who
has carried through successfully several
projects to build electric roads, notably
the Portland ard Cape FL zabeth road, at
the present time earning enormous dvi-
dends, and starting with small income.
Mr. Boyd stated he was very anxious as
one time to build the New Milford road
and woulj have had the road running
the present summer if the company had
beer reasonably liberal with him. Mr.
Boyd said if Mr. Staub was not able to
arranged with him early enough he
would be able to have had 1t running by
June l. Mr. Boyd offers to wager 5000
that the company can never raise local
capital enough to build the road. MIR
Boyd thinks Waramaug lake will be-
come one of the finest inland resorts in
New England when proper and speedy
facilities are in operation for reaching
the lake. MIR Boyd says he intended to
put in one of the most modern systems
at New Milford. The cars were to be
the most elegant and everything first
class, to attract the very best people,
and make the trip 10 about 20 minutes at
the small fare OF zoe. Mr. Boyd stated
he wrote the company this spring offer
ing to build the road if Mr. Staub did not
succeed in raising the capital and the
company took no action. He said he
was to pay the company $4,000 cash and
$4,000 first mortage bonds for the fran
chise and the old mill at New Preston.
He thinks then he was offering $4,000
more than the property was worth.
The people of New Milford, New Pres
ton and surrounding country and the
many summer visitors at the lake have
been looking forward each year in hopes
to ride on the trolley to the lake. Peo-
pie begin to think, as q well known
writer expressed it IL our local paper
some little time ago, ut is all a humbug
and fake" But seriously we say TO
the New Milford and Lake Waramaug
Electl ic railroad il you cannot build the
road, don't humbug the people longer.
Surrender your charter to the state and
allow some other company to take the
field. And we say to the Legislature do
not issue charters broad cast over the
state to companies who cannot and who
never intend to build the roads they are
asking charters for. Let the railroad
commissioners ascertain before any re-
port be made if the company have suff1c-
lent capital to build the road, and then
we would have less charters issued and
more roads built Tchabod.