The Republican journal. [volume] (Belfast, Me.) 1829-current, 1904-05-19
TIE B & A. EXTENSION.

NE D y "a Ia INoAoN'
h--iI. Inn. a,,, o,
n ''II''hiS "' '''' '"' NV
l.-s srtr. the uh>ettieo cohoi'ioh VI 'he
.,..,, market one obstacle.
-.rr. tine past there has been per
.-ur that the proposed extension
.Yr-or Il Aroostook railroad from
-. 10 the sea coast had been given
.f.r-rlrt. was absolutely no pOssibil.
I'll. ever being built; that the idea had
a.a..y abandoned by the promoters.
- such rumor has caused a deal
'..'. .,. anly in the territory which would
--r-.l by the road, that is the country
s.... grange and Stockton, which will
.lls, terminus, but here in Augusta
..,rrl the State House, for here there
.s...yu. feeling of friendship for the big
-7arr Maine road, which is generally re-
-i- 5 having been the one instrument
brught Aroostook its present great
.-..-..tt. With these feelings it is not
-.a.- mat many have wondered if the
-r uu4d be true and if it were what
.-.J bf the cause.
4.a ,tatements made to it by man
ra. a a position to have knowledge of
-u.I,. and who was in the Capitol recent
FL Journal is able to state that there
the slightest foundation for the re-
rt For reasons which are obvious the
4aal name cannot be used. OF him
5..rueh can be said He is in position
...U Is much about the affairs of New
-.g.i roads as any man in Maine and it
.Ilsrr of his duties to keep informed as
hat , going on in the world of railroad
.. ELaeh he does to minuteneSS which
.r surprise one who was unacQuainted
.. ,e, cIoSeness with which men in Ger
LES Keep themselves informed as to
wiitions of all roads in their own par
-s sections and in general way Of
s- the entire country.
..a his road, why certainly they
-Xrlamed the man when l asked
. luut the rumor. "Why shouldn't
UpUn it depends the future de-
.p.rat Of Aroostook county. In no
-. Wy, as | look at it, can northern
,r. developed A seaport terminus
.- b. x A, with steamboat connections
. Hlston and New York and sailing
f all parts of the globe means a
u-uHs of getting the products of the
Tory shipped by the road to their
.r markets at moderate cost Es-
.....g is this true of the lumber products
county, Pulp and paper and manu-
-- lumber, together with spool bars,
Du0aS, for the Italian trade, and the
bd.' wood products can be more
.-., ,ent TO market by shipping direct
lie Is 4 A. to that roads own seaport
.. mas, and then loaded upon ships, than
by present means.'
-d t the road would be built this
r-i the Gentleman said that he did not
..r that It would and from what he said
-j-nt hat d peculiar condition exists
ple4dl and railroad circles at the
........ time.
-l iug that the road would not be
..tl YEAR he also added that it might
' instructed in 1908, either. Accord
- l lm the reason why the road would
I- built this summer is that the tinan-
.- 0YutltonS in the country today are
Ut.t II would be unwise to build the
q PUT it in this way.
The duance market is,:: to. day, in the
...-, I-Yafkable condition that the conntrv
uuInw a trainload of moneyEves a
0u.--on call at one-half of one per
Au, When YOU ask for it for a definite
I-.-l4of ttme-well, the rate is exorbitant,
n- SIS. That, and that alone. shows
... would be exercising poor Judgment
f. .- promoters of the Northern Maine
.a,loard Railroad TO attempt to finance
'oad at this time. To my mind, know
.. anancial conditions, as | do. I he
.... rNat while they could dispose of every
..-o raeir bonds. it would have to he at
rs Which makes it their duty to them
-- not TO put them on the market. II is
etulition of the money market. and
u l.one, which will prevent the hnilding
.- new road this summer. So soon as
market has come to a normal condi-
n h-u Won will see the road nusbad
|I..h fo the sea Won mark nv words
.Mtuuiug he said that one had onlv IN
...s 3 careful review of the rai]roaiing
.a.Duu If the entire country to sec the
.Y. Il ths kind of reasoning. In ali
.. '-Il the country roads are makino only
...h movements AS are necessary ahSn.
Ur~F necessary None of tbsm ara mai, inc
lfs tor great improvements or new con,
-..r'lun, No great ouantitias of now rai Is
. ..l.e construction are heing nnrcba ed
..e ms * dn. Tn the ,nnna, ,,lori,t pui
Another feature of the railroad world of
d present of which the nnhlic is nnawaro nav ~ ~
its a nile. remarked hp ia that there ;s -
lag off in the business of the biz roads
fame roads and has but sliphtlv I tonched oncei
arl ioad IN New Finland thnph ono TIC
hostpu 4 Blhanv has hagnn to nronara 1iaT fnr
e anrasaayn' eosy' nas Deeuh rno 70 th prepare i9r
o the countrv find that there has baon "a
1-.l4 4ase of from Is to 90 ner cent in the
lAuunt of husinaSS in tho nas+ yaar 1rh;io
Dieatinc eynenses have incraassS at ahnnt
- same rato Tbis and n1 tba oond;tnm a. auouf ut
tne money market to his mind mada IL 4
Nsoutely imnossihle for anv road M MOI
' how prosperous it and the Territory m tor
..tN served was tn nndartaEo tho oon
,ruo,ion If 'a an voc w nf Iahe a the coll
onsdprabIe worI in tho Inc nf ~, ",r
spu,yement at this time l ''''o VI poi n"'en'
tHeady the Sewyorl cantra1 bas hoo,,,
'au4pare for danrassion in hnsi,nsss sI os Nv h,
. -tjug IenaraI c,t dnn III ~ ~ oS
.I..r4 'TIic
a.rt ,bnnt 4o0 en'npnras nf .ha posto, eu, Z
Aatuy Division of that road and viii in. ~
',- clerks, as well as trainmen and freight