Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-11-07
Hearing Closes
On Petition for
New Electric r. r.
In ArOOStOOk Co.

Figures regarding the estimated ir
I come OF the proposed Quebec Ex.
tension railroad in Aronstook county
We're disclosed by Arthur p. Gould
or Presque Isle, president of the com.
Pany. who testified Thursday morn
ing IN the hall of representatives al
'ne state house at the closing sessio i
or the hearing on the project before
Examiner Haskell c. Davis of the in =
terstate commerce commission and
me members OF the Maine public
utilities commission.
Mr.. Gould stated that no mad. bts
estimate in 1922 and he had figured
the gross earnings of the road nj
SI0i,10O per year. divided as follows:
soo,oOO cords OF pulpwood at 50
S4oo'o00: 10000 railroad ties at eight
cents. $500: 1000 cars of lumber of
an KINDS at $50. 100000; 500 cars of
| miscellaneous forest products at 500
10000; $50 cars of potatoes at $40
1900: 400 cars of grain, hay. etc. ar
S2o, $4,000; 1000 cars of incoming
freight at $40. $4,000; passenger
! mail and express earnings at 5000 600
from this total of s707.100 must be
ueuucted the operating expenses
estimated at SIS percent. or sass. 900,
ana an. the interest at slS5,oO0. leaving
the net earnings at $4,000 year.
Inc witness asserted that he plans
to run two freight trains each wa1
daily together with a number OF
passenger trains. He expects that
the electric power can be obtained
NJ one and n half cents Der EiIowatt
ne passenger cars are to be similar
IN type TO those on the Arostook
valley railroad. He told of the econ
omles or an electric road over n
steam railway. u
cross examined by ATTORNEY Henry
j. Hart, general counsel for the Ran
sor d Aroostook railroad. which is
protesting the granting of approval
| 10 the new electric railroad. Mr.
Gould said that the Canadian Paci /.
nc railroad had professionally guar
ahteed the payment of the interest
on the bonds for the new project
ana would furnish the freight cars
ne, III return Tor the business that it
He said that the Quebec Extension
railroad would not object to offerin .
the Bangor &, Aroostook railroad tho
same through joint rates and enual
service that 1t would give to any
other railroad with which II might
connect. -''e III
In opposition to the petition Of tho
quebec Extension railroad. ATTORNEY
mart called two witnesses. L. r lin
coin OF Houlton. principal assistant
engineer. and George f. Wicks. gen
erai freight agent of the Bangor ami
Aroostook railroad. Mr.. Lincoln
testihed regarding the costs of an ex-
tension Of the Bangor & Aroostooll
Taiiroad constructed some wears ago
Ills testimony was objected to hv
thomas Leigh. counsel for the ne.
titioner. on the ground that that
road was built at a different time and
under different conditions than the
proposed road. 'Ae
MIR. Wicks declared that a. three
points only. Caribou. Pressure Isle
ana Washburn. will the mileage fron,
western points be shorter by the nro.
posed road than by the exist;ns-
routes. To all the other points IN
mat county the mileage IS shorter hw
the existing routes. ~
me matter will be taken undsr
consideration by the interstate corn.
merce commission and a report Will
De handed down at a Later date,