Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1909-09-22
Prosperous Maine.

The Portland Argus OuotHiS LII
words of scientific engineer on thu
staff of the New York News Bureau
prints the following in its news col
umns concerning the Maine situation
Judging from what has been
said to me by business men of the
first rank in Maine. this State is
doing remarkably well in the prln-
cipal industries. This years out
put from Names forests will be
close to $4,000, O0O-of which one
half will be for account of the
wood pulp industry. Names tex
tile, boot and shoe, granite, can
ming and some other large indus
tries are rejecting exceptionally
active demands from the country
over The very large contracts
recently placed with the ccntruc-
tional engineering trades by the
Grand Trunk, Maine Central, Ban
gor G. Aroostook, Boston & Maine,
and New York, New Haven &
Hartford Railroads, and the larger
mills and factories of Maine af-
ford conclusive evidence that
Maine is conditioned for very ac-
tive year in 1910. Maine is very
rich State, reckoned upon the bas-
is of population. Her possessions
in gilt edged mining, industrial
and other stocks, based upon In
terests out of the State, are some
thing more than the equivalent of
her ownership of shares in indus
tries located within Maine. In
bitumnous and anthracite coal
lands, Maine capitalists are I'M
portant in corporations that con-
troll $4,000 square miles in Pennsyl-
vania, the west and south Maine
men and women are very large
owners in sound mining shares
that were bought at low prices and
which are now rated at five to
twenty times their first market val
ue Maine investors are largely
interested in Standard Oil, United
States Steel, General Electric,
Westinghouse, American Locomo-
tive, and American Car and Foun-
dry stocks. Many Maine investors
bought Steel Common at 20 to 80,
and have never speculated with it.
These sagacious men and women
are advised by sound bankers and
brokers who believe that the year
is not far away when Steel Com
mon will go above par"
This! Concerning poor old Maine,
he horrible example of the decrepit
wrecks wrought by the wicked tar
if. Poor, penurious, poverty-tricken
people that we are, we have somehow
succeeded in saving enough to lend it
o Standard Oil, United States Steel.
General Electric and other leading
American industries. In the mean
ime we have somewhere found stock
nglegs which contained enough to fl
lustries and transportation facilities.
the farmers have separated
,nough cash from the original owners
% buy automobiles and put In steam
heating plants.
SOIlcWHeTe lHSTe are sui De1llO-
rats who see nothing but disease and
lecay and ruin in a system which en-
ables Maine to keep from going to
seed much as the Democratic party
las done, but the number has been
growing smaller with each year
There is something the matter with
Maine. We are just as prosperous as
he Argus, says that we are, but we
night be more prosperous and our
titles and towns might be even more
attractive places of residence. 1t
sn't because the tariff has not done
is share. 1t is not because the peo-
de have not done well, but it is be-
cause we lack the enthusiasm and
lash of the Westerner A disposition
% rear up and give vent to a yell OF
is nothing to be ashamed
If. Too much of that sort of thing is
IS harmful as too little, but it does
lot do to get along with none at all