The Republican journal., 1908-07-30
MAINE is GROWING.

assessors will, it is said, show an in
crease in Names valuation of $6,O0O,'
900. . In view of the widespread
business depression of late, the partial
failure of the Aroostook potato crop,
dullness in the lumber trade, and the
fact that no ice was cut the past sea-
son, this is most encouraging and sat
isfactory showing. Moreover, Names
banking institutions show an aggregate
increase in deposits and resources, in
which our local institutions have their
share. In fact there is more money on
deposit in Belfast today than ever be-
fore in the history of our city; and this
despite the fact that one of our leading
industries, Leonard 4 Barrows shoe
factory, has shared in the general de-
preston in that line. That the mac
tivity in the shoe business during the
! past few months will be succeeded in
the near future by frll time and rush
| orders there can be no doubt.
Meanwhile the outlook for the State
at large is most encouraging. If cur
rent reports are to be credited many
millions are to be invested in the State
in new industries. Negotiations are IN
progress looking to the development OF
Ledge Falls in the East Branch OF the
Kennebec river, five miles below
Moosehead Lake dam. The site is close
to the line of the Somerset division of
the Maine Central railroad and easily
accessible by the Canadian Pacific rail
way for shipments of pulp wood or
pulp stock from Canada. The lake
which will become the storage basin
has an area of 120 square miles. An
enterprise nearer home is projected
cement plant in Winterport, one of
several in Maine. Last fall John II.
McLauchlan Of Toronto visited Maine
looking to the establishment of a
cement plant and visited Rockland,
Bangor and other points in the State.
July 18th he arrived in Bangor with
party said to be English, Scotch and
German capitalists, who are financially
interested with him in his enterprises.
A Commercial reporter says: Gao
cording to Mr.. McLauchlan, Maine has
the limestone, brick clay, water and
transportation facilities to make IL
cement plant great paying industry.
II Re will not say where he finds these
deposits of limestone and brick clay,
nor will he say where the first big plant
may be established He. talks in
millions and included in his project are
few railroads and a shipyard, where
the company will build its own
vessels"
NJ eanwhile Rockland parties have Or
ganized the New England Portland
Cement Co. for the purpose of manu-
featuring and dealing in Portland &C.
ment, with the modest capital of $1O,-
900, of which nothing is paid i'll. The
president is Alfred S. Black and the
treasurer, E. B. Allister, both of
Rockland, and the certificate was filed
with the Secretary Of State at Augusta
July 22nd When this news was i'm
parted to Mr.. McLauchlan at Bangor
last Thursday morning he was surprised
and at loss to explain it. He said
their papers were ready for filing at an
office in Portland and were only await |
ing his directions to send them to Au-
gusta. And further:
"All that remains for us to do is to |
change the name OF our company. If
we locate in Winterport we will prob
ably call it the BangOr-Portland Ce- |
ment Co. The fact that some other |
company has used the name that we in |
tended to adopt will not change our
plans any. We must have new papers
made out for filing but will go ahead |
with the project just the same.
"This afternoon l am going to Win
terport to look over the land and make |
arrangements to have an article put i'll |
the town warrant eXempting US from |
taxation for the period of 20 years, if |
we erect our factory in that town. | |
shall ask the people of Winterport to |
give bonus of $4,000 and the water |
company to furnish free water to the
plant.
y uuCl tuC CCleluCdtC VI olS
the corporation that Mr.. McLauchlan is |
the promoter of asks the right to do a |
wide and varied business. 1t provides
that the company may engage in the
manufacture, buying and selling, ETC.,
of cement, may build, own, operate,
ETC., steam and electric railroads; deal
in, develop, buy, ETC., secret formulas
and patents; erect, operate, etc, tele-
phone and telegraph plants; operate,
etc, waterpowers, oil wells, gas plants,
chemical laboratories, stone quarries,
deal in real estate; and operate, ETC.,
pottery, brick and other plants.
Whether or not his company will en-
ter all the fields mentioned in the GER
tificate Mr.. McLauchlan did not say. :.
Let us hope that some of these plans
will materialize. There is no doubt
that cement has come to stay and to a
certain extent it will be in competition
with granite. There need be no fear,
however, but that our Maine granite
will hold its own. If a big cement
plant should be located in Winterport
real estate will advance there and this
section and the State at large will be
benefited generally.