The Portland daily press., 1898-09-21

many of such kind as will permit at an
lines a rapid and clear communloa1lon
hetween said station and said pian6.
twenty seventh. 1t is further under |
stood and agreed that each party hereto
will on or before February 1st, 1898, give
to the other party hereto good and sufn- |
oient hond with sureties or other satisfac-
tory security in the amount OF ntty thous- |
and dollars ESQ., 00) conditioned for the
faithful perform nce on It's part OF this
contract.
Twenty eighth. 1t Is understood and |
agree that all contracts made by the |
Power Company with transportation
Companies which extend their lines with |
in the City of Portland shall be first sub
mitted to the Light Company for the sole
purpose of assuring said Light Company
that there is no provision therein author
izing or permitting the Transportation
Companies to market the current SO fur
nished to them by the Power Company.
IN WITNESS WHEREOF. the said
SEBAGO POWER COMPANY has here
unto caused it's corporate seal to be affixed
and these Presents to be executed by its
President and Treasurer hereunto duly
authorized, and the said CONSOLIDAI 4
ED ELECTRIC LIGHT COMPANY OF
MAINE has caused it's corporate seal to
be affixed and these Presents to be execut-
ed by it's President and Treasurer the day
and year first above written.
In presence of
Seventeen words interlined
before execution as to
Sebago Power Co.
Geo. p Wesc6tt.
Sebago Power Co.
by Chas. ID. Brown, Prest.
Fred'k j. Collier, Treasurer.
Consolidated Electric Light Company
of Maine,
by w. f. Mill ken, President.
William r. Wood, Treas.
In presence OF
Seventeen words interlined
before signing,
as President and Treasurer respectively
of Cons. FL. L. Co. of Me.
The Mayor asked if the Consolidated
company had any doubt about the power
on the Presumpsoot when it entered into
this contract. He also asked why the
contract was not carried out The first
question was not answered, but Mr..
Charles f. Libby answered the second
question when called upon TO do SO.
The contract was not carried out, he
said, because the war broke out and
prevented the floating of bonds. The en-
terprise for the time was arrested, but
Mr.. George W. Brown and Others were
given permission to utilize some OF the
power going to waste on the Presump-
scot and now asks for his company ths
right to bring that power into Portland.
The company has eight new water wheels
in oueration and can deliver $50 horse
power from them. There is more power
there if 1t is wanted. The power can be
brought IA miles with loss of less than
| 10 per cent in transmission, SO am in
formed. Transmission of power is small
thing nowadays. This power going to
waste can come into Portland and help
| in Portland's advancement, and if it
doesn't come here it will go somewhere
else.
| Mr.. Fogg then said that thousands of
dollars worth of stock had been sold In
the new company since O'Clock in the
morning, and the principal stockholders
lived right here in Portland. The Con-
solidated company feared competition
and were afraid of the new company.
The petitioners were ready to accept any
honorable and fair propositions from the
city and would offer any security that
was required.
| Alderman Lamson read remonstrance
from Judge W. L. Putnam who objected
to another line of poles being placed on
| State street.
| 1t was finally voted to appoint a com.
mittee to examine more fully into the
standing, claims and condition of the new
company and report back in few weeks,
| After some further discussion thu board
then adjourned.