Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-05-18
DaiIp Mennebec 3ournal.
THE SCHEME FAILS.
Continued from page ~

.;,,s in the stone work. There We're al
~ other bills which We're owed, one
- tho firm of Redingt0n & Co. for Of
Al furniture. other smaller bills We're
paid up.
7, the meantime the Construction Co.
,oa On deposit in one Of the banks in
mis- city something like $500. The
oreater part was drawn out for diff
Farent purposes. exactly what it was
drawn for il is not known. Before Mr.
cook went away he drew his checks
for enough to cover the whole amount
If the companys Indebtedness. There
was al that time something like $1.25
in the bank on deposit.
In the meantime the rumors began
"a come in thick and fast as to the
condition of the Construction Co.
claim after claim was presented and
IN order to secure themselves the firm
NJ Redington &; Co. had an attachment
nlaced on the office furniture. The
others who tried to find something TO
attach were unsuccessful and their
bills are now in the same position they
we're a short time ago. Whatever is
Richmond & Potomac Construction Co.
the fact remains that there are sew
eral checks amounting to thousands
Of dollars drawn on one of the banks
in town with only $1.25 on deposit.
For some time there has been con-
siderab le uneasiness on the part of the
neanla in the city. Whether or not the
$4,000 in assessments paid in by the
city can be withdrawn is a question
which is causing no end Of talk. In
the first place it is claimed that the
$4,000 subscribed ana the $4,000 paid in
by the city cannot be held. When the
vote Of the city was taken it was eN-
plicitly stated that the amount should
not be paid in until there was GER
tain amount in bona fide subscriptions
If is claimed that the amount sub
scribed by the Board Of Trade was not
bona fidc for the reason that the asso-
citation had not that amount in its
treasury. and for that reason the city
cannot be held for its subscription.
There has been no end of talk about
that $4,000 paid in by the city as as
sessments and there has been strong
talk of serving an injunction to pre-
vent that amount ever passing out Of
the hands of the Railroad Co.
Although the Waterville & Weeks Mills
road was to extend only Il miles n
length. according to the belief Of a great
many people. yet ii was known that there
was a still greater scheme back Of the
whole thing Through the work Of the
Legislature. last winter. a scheme was OF
foot to extend the road from the Cana
dian Pacific to Wiscasset through this
city. Mr.. Cook in looking over the
ground stated that a narrow gauge roa5
could never haul the freight which wOulC
come over the line and proposed that
charter be secured by which the road
could be broad gauge and extend from
Weeks Mills to Oakland. where it would
connect with the Somerset Road. which
was to be extended to the Canadian Pa
cilic. Further than that. it was proposed
to make the narrow gauge Miscasset 4
Quebec Road, running from Wiscasset {
Weeks Mills, into a broad gauge road.
So far had this scheme been carried Ou
thar the statement was made that con
tracts had been secured TO carry the Goa
ana products of a certain mandatory in
town.
Such is the story in part of the road vi
to date. There are, however. certain
other points which have not as yet beer
brought out but which may come out
later. Within the time since the Rich
mond & Potomac Construction Co. has
seemingly thrown up the sponge, some OF
have been here looking over the ground
One Of these men has said that he would
take the road and carry ii on The mem
berS Of the Railroad Co. have been keen
ing the matter quiet until within a day
or two believing that the road would be
built by those gentlemen. They had mo-
been heard from. up to last night and il
is believed that the whole proposition
made by the New York parties has faller
through, at least for the present.
That the matter of the city's recalling
the money paid into the treasury of tho
road will come up at the next meeting Of
the city government is fully evident from
the talk made by some of the members al
the city government. Those who have
closely been following the matter believe
that in spite of the Construction Cos
dropping out of the game. the road vii
be built and the rosy-tinted future Of Wa
terville increase in gaudness Of tints.
There has been great deal of talk as
10 whether or not the money paid into thu
!. treasury of the road in assessments is IN
tact Ii is stated on the best authority
that the amount is still in one of tn
banks ana is as intact as the day wher
II was deposited