Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1920-11-03

100000 to 100000 is to be spent
IN boats to develope business on Lake
Memphremagog and TO bring to New
port untold benefits. by subscribing
Tor a small amount of stock. Ar
rangements are being made whereby
the stock can be placed on sale and
Col. Emery was in Montpelier. Fri
day afternoon for this purpose.
When this has been completed Capt.
Reed will ask the citizens of Newport
and vicinity to take only $4,000 of the
stock. The business men of Magog
will take the same amount. Capt.
Reed says there is plenty of money
being offered, but his idea is get a
large number of people to buy the
stock and by so doing greater inter-
est will be taken in the business. He
not only wants Newport to take some
of the stock, but he plans to reach out
into the towns surrounding Newport.
and give them a chance to be a part
owner and feel that it is their boat,
and that they are interested in devel-
ing this beautiful lake.
Capt. Reed has many letters from
business men, hotel and theatrical
men, who, not only offer to take stock.
but will cause to be built on the
shores of the lake, hotels, clubs and
.pavilions.
Men with large financial interests
have had their eye on Lake Memphre-
magog for several years and have been
looking for a man with wide expert
ence in the building and running of
boats to act as promoter and in Capt.
Reed, who is an old sea captain with
years of experience, they stand ready
to finance the business, but Captain
Reed desires smaller investments
from the people, who will have a di-
rect interest In promoting this service
and voice In its management.
A meeting of the Chamber of Com
merce called by President, B. w. Will
cox, was held at the Y. M. /. G. rooms,
Thursday night. A number of the
business men and progressive citizens
assembled to hear Capt. Reed state
line of boats on the lake as would
care for the increasing demands of
both the lake and surrounding coun-
try. The credentials, letters and ar
ticles of incorporation presented by
Capt. Reed were carefully examined
by a committee appointed by Presi-
dent Wilcox, and following an out
line of the proposed plan, those pres
ent were unanimous in endorsing the
project, and pledged their hearty sup
port, believing that the establishment
of suitable boat line on this beauti-
full lake would not only supply a pres
ent demand, but would open the lake
shores to hotels, pavillons, clubs,
etc., which is now impossible because
of the lack of transportation accom-
modations.
At this meeting the following reso-
buttons were presented and unani-
mously adopted.
Resolved: that at a meeting of New
ports business men, and other inter
ested citizens called by the president
of the Chamber of Commerce for the
consideration of the Magog and New
port Steam Navigation Co., Limited.
After the careful investigation on the
part of a committee selected for that
purpose to examine the credentials, let
tiers and records presented by Capt
Reed, as representative of the above
mentioned company it is the unanl-
NOUS sense of this meeting that we
heartily indorse the project, pledge II
our loyal support and urge upon not
only the citizens of Newport, but OF
the towns adjacent to Lake Mem
phremagog their cooperation and 10y
al support to the undertaking whicf
we believe to be of the greatest i'm
portance to all coming within the IN
fiuence of its reach.