Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1900-01-22
TIE OFFER WITHDRAWN.
&c ton & M iine Recall, It's Offer tor tncn-
bace Railroad Property.

Negotiations looking toward lease ol
the ritcnourg Railroad prUpetttsd tyodaV
Boston x Name were terihiLdtTu, 80" 49,
by Pres. Lucius Turtle Of the last-me
Timed road~ VINO, in very frank ana
courteous letter to Pres. oodmah, VIII
draws the proposal OF tht poS'o"
Pres. futile says that in making
lease proposal to the t1tchburg ne was
.e.uateu by the positive bellet thal
l.a Iu.anent uniJn 81 tie Two properties
,..,.',..1 N, .t advantage ,- b.tA and ben
.Gt .- ....t N. tut tunt. lN.cfes-s oL ~"
t..ett., .-Nta u-.4.= has Sc
w r. .l..T,-- 4-srrt
u I..I.. IA III. 1-Ilows:
bUsl1n a Maine Railroad,
President Once,
Boston, Jan. 20. 1900.
Ma. Il. u. Goldman, ident titchburg
t,.IIIUau co., BastJn, mass:
Dear Sir-I desire to withdraw all the
suggestions or proposals hat | nave re-
Gently made in behalf of this company
looking to a lease by 1t of your company.
NV proposals were based upon we'll
groilnded and positive DelieI that by
Permanent union Of these properties un-
der a single management, and more eSpe-
cially by the consolidation Of their ocean
terminals at Boston. the public interes-
would be better served and the CONNER
cial industries Of all northern New Eng
land and notably of the state OF MaSsa1
chusetts and the port of Boston. Wouid
be immeasurably benefited and enlarged
and the efficiency and consequent pros
perity of both companies correspondlhSly
Nothing has yet occurred to cause me
to change this belief in the slightest de-
gree. ,.
presentation of this general subject TO
YOUR executive committee. you advised
me that a substantial majority 81 your
board would probably coincide win tniS
view. and you therefore expressed read
mess to begin discussing with me me
general terms Of a lease that might pc
submitted in form for early consideration
by our respective boards
Within the past few days, however |
have been advised by you verbally ana
by certain public utterances OF y0urseIl
and by other members Of your BOARD
that the views Of the states directors IN
your board were likely to be at variance
with those of your other directors, ana
that YOU feared the states stock might
he voted against the proposed lease even
though il should be approved by MAJOR
ity Of the private shareholdings; and
that you doubted whether you ought to
go on with negotiations that might pre-
ciptate a contest between these two IN
terests in your property unless you could
procure more accurate ana complete
knowledge how the state STOCK would
ultimately be voted upon this question
This information you have apparently
been unable to obtain.
| am in full accord with your views as
to this newly discovered contingency. as
ii is my sincere belief, founded upon a
somewhat long and wide experience, that
the business Of no public service corpo-
ration can be successfully carried on un-
less it be managed in general accord with
the public interest and also should dt-
cline to continue negotiation about TINS
or any her subject, no matter IN now
good faith toward public or private IN
terests it may have been begun. that
would be likely to arouse conflict with
the communW, llth or with those charged
for the time being with the management
of its vested interests.