Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1906-12-05
W., ". & F. R. R. to Take
New Lease Of Life.
Carson c. Peck Of New York
Was Successful Bidder.
He Will Develop the Road And
Operate it.

| ~ " 'AN'i ALl'-, w lSGSiSStL ~ L ~ XII
| ington railroad was bid in at publ
auction yesterday by Carson q. Peck
| of New York for $4,000 The addition
al outlay of $5..5l.53 the amount 81
the receivers certificates for new cars
| and $1,000 tor outstanding land dam
| ages viii bring the gross cost o. the
road I" Mr.. Peck To $l01,21l.;'I
Mr.. Peck WAS interviewed by Il
Journal representative Immediately
after the sale CLOSED and IN rely u
| questions he stated that the road ha!
| been bought t. rcOrganiZc and operate.
| The matter Of completing the road -
| points already outlined in charters
granted, has not as Yet been determine
| ed, but Il such extension is necessary
| to put the proposition on Il paying baS-
| is, il vii! undoubtedly he done. The
purchaser vas asked if the sale close
Godfrey l.. F'arley'S connection with
the road and in reply ne said, Mr..
Farley ana are The WurmcSt personal
friends and | wouldn't want To say
what his connection with the road Will
be, if any, but ynl might say That III"
present bond holders viii i,c given an
opportunity to come in under the new
organization if they desire to DO SO"
The sale was held i'll the grand jury
room 1T the court house ana was de-
layed from 10 o'clock. the time set at
the last meeting by the court, until
1920. in order to await several pros
pectiVc bidders ana interested parties
from Waterville. 1t was exactly 1879
when William d. Patterson, receiver oi
the road began to read the order uf the
sale.
The rolling stock enumerated was &c
box cars. 81 flat ears. > passenger
coaches. open passt niger car / com
bination car. l baggage car, one ca
boosc. - Land and other small cars.
snow plOW. > tlanSC ears, and loco
motives. There are no membranes
on the rolling stock. There * on thu
railroad itself. The taxes are all pail
and the land damages We're settled by
, Receiver Patterson 50 far as possible
though ali estimated $4,000 worth is still
left An overhead bridge has been Of
dcred by the court at Alden and thv
estimated cost Of that is about $1,000.
The following gentlemen Paced their
certified checks with the receiver in
order to qualify to bid; w. r. Reynolds
Of Winslow: II. A. Hitncr of II. \.
IIitntrs Sons, Philadelphia, Penn;
Thomas Butler of Thomas Butler &; Co.
of Boston Mass; Godfrey +. Farley of
Wiscasss.t and Carson c. Peck of Ne"
York. Nj Ssers. Butler and Hitner are
junk dealers.
The first bid received was from Mr..
Farley. who bid $4,000. Butler raised
it to $510co. Hitncr to $4,000, W. +.
Reynolds to $4,000 and then after scv-
eral other bids. Mr.. Peck placed it at
$65. 600 The bidinG was brisk until TIE
price offered reached $l. o09 There
was 4 pause ut this point and then the
bidding Degan again Mr.. Hitncr offcIc!
$111.500 1t went up rapidly to $Sl 900
ana there Mr.. Hitncr dropped out. X
was between Mr.. Peck and Mr.. Itey-
nol,iS from that point to $50. 100, when
| Mr.. Farlry raised it to sol 900. He did
not bid again until the figure was So
200. Mr.. Reynolds last bid was So, 800
and Mr.. Peck bought the property at
| 11.51 O'Clock for 1913. 900.
| The grand jury room was filled with
| attorneys, bond holders and individu-
ais who are Interested in railroad de
| vclopmcnt. Among these was Amos.
F. Gerald Of Fairfield, who. though ne
| did not bid. yet he was in conference
with Mr. Peck and Mr.. Farley shortly
before the sale closed. Whether or not
| he is any way connected with the pur-
| chase is not known.
1t will be good news. no doubt. TO
| the people living along the line Of this
road that it is not to he discontinued
and broken up for junk. Under the
direction Of the new owners the road