Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1911-03-03

railroad at an enhanced value" Gentle
men Of the Senate, ] do not believe
that you People down here i'll the
lower part of this state. who have
been gcttins your, ice plant bills
passed. and Your fish laws and all of
that for Your own protection. want
to say to the Il. & A. Railroad. you
can continue to tax the travelling pub
lie. and with your high rates ON that
road can have this extension to 1918
and to l9lS as amended" and by that
time they viii have the i. d \. load =
ed down with freight rates and pas
senger rates so that twill have to
20 into thu hands of Il receiver What
does the construction company care
then: they will step out and say, we
have got our profits.
Gentlemen, ! hope the amendment
Will be adopted.
Mr. MULLEN: Mr.. Presidents: l
Will say for the benefit of my col
league that one reason Why / didn't
make any statement in regard to the
ownership of the b. s; \. construction
Company stock was because l didn't
know.
Mr.. KELLOGG. Mr.. President:
This proposition here tshowing a pa
per to senator Mullcm will show what
II is worth, will it not?
Mr.. MULLEN: Mr.. PRESIDENT: 1t is
81 stated here.
Mr. KELLOGG: Mr.. Presidents: 1t
is a matter of record in this report
that these sixteen shares of stock
are carried out to the value of $4,000.
Mr.. MILLIkEN: Mr. President
| think the argument against the
amendment has not been made here
on the floor of the Senate, and in at
tempting TO answer the arguments !
have tried to answer the argument
that / understand has been made by
counsel elsewhere. And those argu-
mcnts think were not based upon the
merits of this matter. but were an at
tempt to create prejudice in Your
minds as to my motives in introduce
ing this amendment, or as affecting
some other legislation.
expected more would be said here.
The Senator from Penobscot, Mr.. Null
len. says the conditions were the same
the past few years, and why didn't
they build the Allagash extension if
1hey had opportunity to get a rake
on Gentlemen. how much would YOU
nave them do in two years? They
were very busy building SO miles, With
q rake off of $4,000 per mile in stock
and $4,000. mile in bonds. How
much would you have them put ,pon
the suffering public in the northern
part oil this State in two years? Why
doh t they build the Alagash extern
SION! submit they had enough TO
do in that SIS miles
l call your attention to the fact that
the road they built so far has perhaps
offered some colorado reason for
special privileges for il has gone
through section that is inhabited. |
Whereas this Allagash extension goes
-hrough regions absolutely unsettled
ma uhtehanted except but by deer
ana moose and the other denizens Of
NE forest, and the only reason for
building it could be the prospeetiva
front TO the promoters or the feeling
hat the country will be deve,one5
mere is no pointed excuse for bni,d-
iis II On account of the population. 1t
as peen argued to YOU in private. it |
ias peei argued to You in the CORR
iorS That anything against this OK
-thsioh Is against progress.
Mf. STAPLES of Knox: Mr. presi-
rent; l would like TO ask the Senator
question. Does not this AlIapash |
cad pass through large lumber re-
CONS
Mr. MlLLIkEN: Yes.
Mr. STAPLES: And are there not
urge water powers in that region , |
AR. MlLLlkEN: Yes, and water
powers that could not be available
Except through the railroad.
/ said there is no colora hle reason
u. GIVING any special inducement Ia |
'uiiu up there. As to added indus
Lfles. the chances are, if this program
Is followed. that for every industry
ADDED would be taken away am indus
Try already existing. 1t is a matter
d common knowledge that industries
are constantly being prevented from,
locdtlng on the existing lines of tho
L. n a. K. X. on account of the high
freight rates, partly due to the ex
einptlon granted in 1903. and ncverl
granted to any other railroad in the
history Of this State.
lie senator from PcnobScot saws
that w must hold out inducements
10 capital to come here and invest
III Name. For Heavens sake. what
sort OF an induccment does he want
10 hoid OUT | say to YOU that an in
NeIlhlcht ol Sj9,W0 in capital increased
III 10 years to $2.600,00o. besides un-
known dividends. is a very decent
inducement. Is that the sort of an
1nducement he wishes TO offer? As
much as | am Interested in North
"rn Maine. my consideration for the
people that have TO live and do bus
mess on the existing lines OF the road
makes il necessary for mo to raise
my Voice here in protest against any
such scheme. | have had it said
To liz, what does anyone care about
The Issue of stock who lives on the
road? Let them build their line and
issue as much stock as they like"
Gentlemen, when | was a boy
used to sec an advertisement in the
papers ABOUT som" man by the name
ot Jones, who purvcycd some ar
ticle Of merchandise. and Jones. he
pays the freight" was printed in big
type III the advertisement. Tho OBJ
lection 10 amy further continuance of
this exemption is simply the obi,c-