Daily Kennebec journal., 1898-09-01

whatever in bringing ON this crisis in my
AFFAIRS. -
The trouble with the Richards pane,
Co has been poor business. Continuing
over several years.
MY assignment is merely tn nrote..t =, -
creditors and In order that careful man.
aEemeM may extract from the cOmpIica-
ton tne utmost that good Judgment and
skill can secure. $50
IN some quarters the announcement
mas Deen made that my personal assign
ment represents some SEQ 900.
IN Inc contrary my assignment covers
more than $40 80 OF properly. ali Of
which WIN be cOnscientiOusly devoted to
settling these difficulties
fhere Is no doubt that with good man.
agement there win be satisfaction OF
every claim and a good margin left.
MY dnalrs are In most excellent hands.
my assagnees being SymOnds, Snow e.
COOK OF Portland. II the holders of COL
90 not attempt any useless sacrificing OF
the holdings. am positive that the re-
suits OF the settlement wall SATISFY every
creditor"
The Bath Gas & Electric Co. has as
signed to Charles HI. Mcclellan. D. How
ard Spear and Charles C. Low. The as
signment Of the Richards PAPER Co. was
made to Melvin 8. Hoiway, Augusta. and
Weston Lewis. Gardiner.
Mr.. Moses says that these gentlemen
panis and will conscien4iousiy handle the
details of the settlement.
As these are cOmmOn-laW assignments.
no schedules will be filed
No statement Is made as to how the
assignment by Mr.. Noses is to affect Mr.
Twitchell, who Is treasurer of the Bath
Gas & Electric Co.
At present Mr.. TwNchelPs health. as
his hundreds of friends in all parts of
Maine Will learn with deep regret, Is very
~ nh hD Al
he is able to resume his business duties.
He Is now at his summer home at Pop
ham.
On every hand in Bath are heard ex-
presslons of deep sympathy for Mr..
Moses in his present difficulties He has
been one OF Baths most prominent citi-
zens In business. financial. church and
social affairs, public-spirited, charitable
and liberal. few years ago he gave
Bath public library costing N5.0O0. To
the Y. NJ. G. A. building fund he contrib
uted $35. 000 He is president of the Bath
Association. In his business relations he
has been active, an unwearying worker
and prompt in all his dealings.
Though the crisis through which he Is
passing. after so many years of success.
affects him deeply. he has put his regret
behind and is resolutely working away at
his affairs in order to adjust his embar-
rassment as quickly as possible.
There Is considerable inquiry as to
direct or indirect bearing on the Lewis
ton, brunswick & Bath Electric Railway,
in which company he held tenth inter-
est that was purchased last week by Hon.
l. c. Libby and Amos F. Gerald The
road is not affected in any way, as Mr..
Moses definitely retireIy from the COM
pany before his assignment.
Il was called to Mr.. Moses attention
that certain papers had stated that he
had been extensively engaged in electric
railroad enterprises, and that there was
an insinuation from those newspaper
sources that he hao met with losses in
that direction.
That is nonsense replied Mr.. Moses
The contrary is the fact, and l wish
you would state il strongly.
Il have to say that / have been an
owner In the Portsmouth. Kittery l. York
Road. and am still an owner there. My
holdings in the new Lewiston. Brunswick
Il Bath Road have disposed Of recently
for purely personal reasons and at a good
price.
Il want to state that from both these
roads have derived substantial and even
handsome returns. l expect to realize
yet more largely from the p, X 4 Y
line. for its business is constantly in
creasing.
MY electric railway holdings in the
lines controlled by Messrs. Libby and
Gerald have been among my most profit
able possessions