Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1906-07-11
UNION RIVER POWER.
ANNOUNCEMENT OF CHANGE OF
CONTROL.
,oaS r. GRAHAM, OF BANGOR, TALKS
OF PROSPECTS or POWER DE-
vELopMESr HERE.

The fact that John X. Graham, OF Ban
- had secured controlling interest IN
u. Par Harbor & Union River Power Co.,
y rIlsworth. was reported in THE AMERr-
~ in connection with the dam project
.cn,s weeks ago.
r,ronsh the Bangor Commercial last
saturday Mr. Graham made an announce
-, az the change OF ownership, and
,.,tsd OF the prospects OF the develop
van, OF the power here. The story
rrinted by the Commercial follows:
"a. announcement was made Saturday Of
49,. ,urehase Of the Bar Harbor & Union
v;ss, power Co. bya syndicate Of New York
~ philadeIphia capitalists OF which John r.
ny,han,. Of this city. ia the head. The men
sshgps the deal are the owners and principal
,,orthoJdsrs OF the Bangor Railway a Elec-
-, 10 the Lewiston, brunswick & Bath rail-
~ and other enterprises with which Mr..
a,sham Is connected.
Ths rights owned by the company which
81. last changed hands are said 20 be Tor the
~. wsier power in Maine, capable OF desel-
saips $500 horse power on the Union river at
Ellsworth at low cost The present amount
!, sapItal involved in the transfer is said to
1. sboat s7oo,nco. hut when 1t Is fully de-
v,leped it win mean transaction Of ss.eno.-
an. 40 extensive improvements win be made
this year
SCR some dime past IL has been known that
tAs Syudicate Of which Mr. Graham IL the
,sprexen,stive has had It's eye ON the Union
,,ter project. The stock in the company
xAseA has been held by New York and Bos-
ton capitalists and by well-knnwn Maine men,
Aas been quietly acquired by outright pur-
chase and is now all bought In.
John r. Graham. Of this city, president
ara general manager Of the Bangor Railway
A Electric CO.. and the Lewiston, Bruuswick
2aath railway is the president and general
manager Of The company which will retain
tAs same name as At present
me capitalization Of the company IL sEss.-
90 in bonds. slso.eor In preferred stock and
saaen Ia common stock. All Of this has
bees bought By the new interest. The pres
iasni Of the company PRIOR 10 the recent pur-
chase pas ". H. Rurisn. Of Bcston, aud
George f. West, Of Portland, was treasurer.
Mf Graham declined 10 name the price paid
tos the stock purchased from the old owners,
basit is understood to have been at = agate
which me; with the ready acceptance OF the
former owners.
AZ present the company Is supplying water
10 the city Of Ellsworth and lights to Ellis
xUrsh aud Bar HaFbor. Probably the fret
thing % be done will be the building Of line
to BsF Hatbor and 20 supply that town from
ihs Union river plant instead Of from
steam plant As a; present. This, alone. will
mean saving Of sIs.oco annually.
The pTesen; Development Of power Of the
company is only about 100 orse-power, which
is bHs snail part o: the possibilities Of the
deal, At the dam At Ellsworth surveys have
Shown the possibility Of development Of a
s.xiy-foos head Of water which will be cap
able Of producing 500 horse power. while at
the dam, now known as the whiteomb q
Haynes mll, farther MP the river. there can
ss uads another thirsy-foot development
rhleh ssil yteid sooS horse power.
With the development Of the lower project,
there viii be considerable aowaEc of hand on
the Fiss' and considerable damage from the
Storage Of water. The storage Of water, ac-
eeFdag &c the survey, Is to be the most inn
SoF'sn' part Of the project, in that ali Of the
Eatef viii be stored near the mill in the va
rioas lakes and low lands, the watershed hsy-
ing an area Of s2s square miles capable of
bedding Na'ss cuoagh 70 ran the plant for six
weeks On stseteh. The building Of the dam
sFaF Ellsworth will mean the flowing out of
iAFss smaller dams on the river between the
"siteoEe s Haynes mill and the lower de-
YeoPmeut.
Asysi the new owners hardly know what
We hFst Development viii be outside of fur
assihg the electric power for Bar Harbor
Zen iae water power, instead of steam.
sAPhaiistA Interested in the deal are expected
ssfs fais week TO look the ground over and
uesias what shall be done. IL Is announced
year.
Nhea asked whether the company con-
kApisssd bringing the power TO Bangor, Ar.
o'Aaam declined to discuss that phase of the
qss'ios' The company owns rights to trans
@Aposet IN Hancock and in Pcnobscot coun-
Aes'A AID Ia case there Is demand for the
poHsr IN Bangor, In all probability IL will be
''e4sas mere ON heavy transmission wires.
anioa Of the new development OF power
s'a lsst Of the Bangor Railway 4 Electric
not beyond the range OF possibility,
I'n0agh Mr.. Graham declined TO discuss that
reAas Oh She question further than 70 say that
hight ~
~. es matter Of the development Of the linton
tims p2wsr has been In the air for some
~ Z sna the announcement OF the purchase
Gr.hAe capitalists represented here by Mr..
ia. ~, means that It Will be developed and
,ong idle there, viii be atiliasd IN some me-" wsy
psrt :, e .Ihet but help the industries Of this
me state In large measure.