Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1921-09-08

the houses were to be planned so TO
be built TO cost from $4,000 TO Soo00.
He said that in his work he took
into consideration the statements IN
the prospectus and not the market
price on material.
He said that there were on hand,
lumber nails, sheathing paper, doors
and asphalt shingles, some of these
being in storehouse down town.
There were materials enough on hand
to build two or three houses. Also
that there were two carloads of Gem
emit The supply of materials did not
bear out the statement for materials
and that he went to Nassalboro and
Unity in company with Mr., Friel and
MIR. Libby to see what the mills could
do about hurrying up the lumber.
MIR. Pulsifer said that some of the
lumber was bought at Unity and
some at the Jealous mill in Nassal-
bor0 and that he knew of only one
other order al Oakland, a small one
He didn't get any information as to
where the materials were or how
they could be got When asked
about sewers. he said that at the
very last sewers We're put in. That
some of the cellars were full of Wa
ter and staid so some time. That
only soil pipes were put in. That
there were no bricks on hand when
he went there and that some of the
chimncys were put in after the roofs
were on. That the lumber bought
from Jealous WIS regular country
mill lumber, sawed green, delivered
green and used green. That such
lumber twists in construction. That
it was made from second and third
growth. That the market price for
merchantable lumber is 500 and 500
a thousand but it could be obtained
in some places ut d cheaper price if
the mill man was in want of money.
The lumber from Unity. he said, was
a little better grade than that from
Nassalboro, but he saw only logs in
Unity. The trip was made about
haying time He said that he would
have hesitated to draw Il plan for
Il house on his reputation, like those
built for $1,000.
When he was first employed, he
said, he thought it was to build
houses on any lot anywhere. Later
Mr.. Libby said they would build only
in Waterville and later still that
they would build only on his Glib
by's) lots. When asked how much
surplus material they had on hand
after Is houses had been built. MIR
PulSifer answered that ali he knew
about was two drawing tables. Mr..
Eaton asked the witness if he had
examined the property lately and he
, said he mad not. In answer to a
question in regard to cement, Mr..
i'ulslfer said that they had told him
that eight carloads had been ordered
to come as wanted He told them to
have the whole come, but only three
had come.
AT the close of Mr.. Pulsifer's testi-
mony. the hearing was suspended
until 4 O'Clock in the afternoon.
At 4,2o p, NJ. the trial was re-
sumed and w. a. knauff continued
! his interrupted testimony.
He testified that the corporation
had built in all IS houses. II for it
self and six for others and that one
las been sold for $1,000. He said
that he did not know whether the
corporation passed Il vote to finish
construction in 1920 or not
MIR. knauff testified that 80 lots
were bought of the Libby heirs at
5000 each; that he had acted as
agent for the Libby heirs for several
years and did not remember of hay
ing sold any lots cheaper for some
time. The lots are not fully paid for.
Mr.. knauH testified that the cor
poration owes $4,000 to the Peoples
National bank, SO 900 to thesken-
nehec Trust Co, all secured by
mortgage. 1t also owes the kenne-
bee Trust company $1,000 and he did
not know how much was owed in
miscellaneous bills. The architect.
A. G. Pulsifer had been paid 81 600
! but he didn't know whether it was
in full or not
Attorney Jones referred to re-
port in the records of the corpora
ton made by Mr.. Knauff as treas
'irrr of the corporation on June 20,
1871, giving d detailed statement of
the financial standing of the cor
poration.
The report was submitted and the
/ various amounts paid for lumber
and other material read: The re-
port showed $3S, 400 subscribed with
$S,lto not yet paid in
| Mr.. knnuff testified that the cor