Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1908-01-22
GOOD ROADS.
Augusta Has Some Of
Best In Maine.
More Built Last Year Than In
All Rest Of State.
Bonds Issued to Pay for Work Sold
At Good Advantage.

Announcement is made that $40 900
worth of .5-year 4 per cent bonds. at
par and accrued interest, with no brok-
erS commission, We're sold Tuesday by
the mayor and city treasurer to Mer-
rlll, Oldham & Co. of 30 Congress- Straet
Boston. it being the issue authorized by
the city council June 20, 1906, in con-
formity With Il vote of the citizens Of
Augusta given at Il general meeting
held June Of the same year
With this money all the good roads,
over eight miles of macadam highway
which has been in process Of cOnStruc-
ton since September, 1906, and which
were completed last season, have been
built. This also includes the work on
tic ThOnaSton read and the cutting
down Of the grade of Thorne hill. Th.
contract with the Frank b. Lee Co,
which was for ~ miles of macadam
highway and embraced the Hallowell
read. Western avenue from Gannett's
II the Manchester line. the North Bel
fast road from Pettengill's Corner to
Fletcher hill, and the grading, draining
and covering with gravel surface the
East River road from the North parish
meeting house t. the Nassalboro line
This contract was completed by the as
Signees. the kennebec CONSTRUCTION Co..
last season.
State Commissioner of Highways Sar-
gent states that the city Of Augusta has
built more miles of macadam highway
during the past year than all the rest
of the State put together, so that Au-
gusta, instead Of being noted for its
poor country roads, is now famed as
possessing some of the finest country
highways in the State.
The East River road will undoubtedly
be finished from Pettengill's Corner to
the North parish during the coming
season, and the stone which is now
along the side of the road and which
consists of stone walls and the rock
blasted in the building of the trolley
line will furnish the greater part of the
material necessary for the completion
OF the macadamizing of the road.
Mayor Plaisted's plan was for the es-
tablishment Of a sinking fund by an
appropriation of $1,000 per year for a
period of 25 years for the payment of
bonds when they mature. The last TWO
city councils have made the appropria-
ton so that $4,000 is already available
for this fund He estimated that the
saving to the city of money that had
formerly been expended in temporary
repairs will more than offset this APP
preparation.
In the opinion of the leading bank
men of The city the sale of the bonds
is most advantageous for Augusta and
speaks well for the high standing of the
city.
The fact that the city has for the
past eight years followed the wise
policy of paying its bonded debt when
due instead of refunding it has much
TO do With its high financial standing.
In the past eight years $4,000 has been
paid on the bonded debt of the city,
and 81 600 will be paid within the next
month. making reduction OF $4,000
in the bonded indebtedness in the last
nine years, which Is certainly Il show
ing which our citizens may be proud.
The policy is 50 well established that
it viii he continued by future city
governments.