14 
North Shore Breese ¢ 
tee 
Published every Friday Afternoon by 
NORTH SHORE BREEZE CO. 
J. ALEX. LODGE, Editor. 
Telephones: Manchester 137, 132-3. 
Knight Building, - Manchester, Mass. 
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THIS PAPC? REPRESENTLOD FOR FOREIGN 
ADVERTISING LY THE 
\SEnCIATIONE 
GENERAL OFFICES 
NOW YORK AND CHICAGO 
BRANCHES IN ALL THE PRINCIPAL Clyics 
Volume 8 November 25, 1910. Number 47 
Nov. 26 — Dec. 2. 
SUN FULL TIDE 
Rises Sets | 4 ou. P. M. 
26 Sa) PAT. 4 ASS 7 08 7 32 
27 Su. 648 4141758 8 29 
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FASS Pe 6 51 4 14 isa, 10 03 
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1 Th. 6::53 ANS AOE 4S 11 16 
2 Fr. 6 54 Se Ne he fl Oh Bae" | PLES 2, 
A Bank For Manchester? 
Regret was expressed by one of 
the officers of one of the banking in- 
stitutions interested in establishing 
a bank in Manchester that the news 
of the efforts being made should 
have been published at this time. 
At the solicitation of one of those 
actively interested in the movement 
no mention of the matter has been 
made in this paper, because those at 
the head of the movement were de- 
sirous of keeping thé matter quiet 
until such a time as they were ready 
to announce it. 
For several weeks it has been 
known that efforts were being made 
to learn the desires of the business 
men of the town of Manchester in 
NORTH SHORE BREEZE 
regard to establishing a bank here. 
Many have expressed themselves in 
favor of such a move, others have 
thrown cold water on it. 
Even now those at the head of the 
movement are not in a position to 
say definitely whether or not they 
will go ahead with their plans. The 
proposition is to capitalize a trust 
TO HIGH FINANCE. 
Revere Beach Railroad and the Pub- 
lic Likely to Be a Prey Unless 
the People Get Busy. 
It would almost seem as if the 
‘‘high finanee’’ transportation mon- 
opoly interests were determined to 
end the existence in Massachusetts 
of railroads honestly built on a 
moderate capitalization and earning 
well on that basis. ; 
The Boston, Revere Beach & Lynn 
railroad carries many millions of 
people every year for a five-cent fare 
to and from Revere Beach, and it 
pays it well to do it. The road earns 
six per cent dividends on $850,000 of 
stock and four and one-half per-cent 
interest on $850,000 of bonds, and 
has been well kept up on a total 
capitalization of only $1,700,000. 
But “‘high finance’’ now proposes 
to increase this modest capitalization 
ten fold and to give in return im- 
provements to the road which will be 
comparatively slight in proportion. 
It will furnish a fine opening for 
inflated capitalization and_ stock- 
Jobbing operations if it is to be con- 
ducted on the same principle as the 
New Haven road and its controlled 
and owned lines have been ever since 
the accession to the presidency of the 
road of Charles S. Mellen. 
Perhaps ‘‘high finanece’’ interests 
will discover that there are some 
protections for investors still re- 
maining in our laws which have not 
been repealed or circumvented as 
yet, and there may be something do- 
ing in the next legislature. 
The Boston Post of Nov. 17 com- 
ments editorially on the situation as 
follows: 
‘““The importance of President 
Mellen’s forthcoming request to the 
Legislature for permission to absorb 
the Boston, Revere Beach & Lynn 
railroad is entirely out of proportion 
to the size of the property desired. 
‘“‘This move is simply an early 
symptom of the New Haven’s intent 
to control and monopolize every line 
«- G EE. WILLMONTON 
Attorney and Counsellor-at-Law 
Willmonton’s Agency 
OLD SOUTHBLDG., BOSTON 
SCHOOL AND UNION STS., MANCHESTER 
company at $100,000, $30,000 of the 
capital stock to be subscribed by one — 
of the Gloucester banks, a like sum — 
by a Beverly bank, and $40,000 by — 
the people of Manchester—business — 
men, citizens and summer residents. — 
It is proposed to do a general bank- — 
ing business and to have a savings — 
department. 
of transportation in New England 
that it can get its hands on. It is 
the natural and inevitable result of 
the big merger of two years ago and 
of the bill passed in the last legisla- | 
tive session allowing the road to get 
control of all the trolley lines in the 
Berkshires. The acquiescence of our — 
lawmakers has emboldened the New 
Haven to ask anything with the feel- — 
ing that anything will be granted. 
Like the daughter of the horse-leech, — 
it eries ‘‘give, give’’, and it will con- 
tinue to ery so long as its requests 
are granted and there is anything 
left for it to get. 
It is time to call a halt in this spe- 
cies of surrender, time for the people 
of Massachusetts soberly to consider 
whether they wish a Connecticut cor- 
poration to rule their transportation . 
systems or prefer that such healthy 
competition as still exists shall con- 
tinue. 
‘“The Boston, Revere Beach & Lynn 
is a small road, but quite an impor- 
tant ten miles, for all that. Spite of 
the reported ownership of much of 
its stock by the Boston & Maine, it 
has maintained its autonomy and is, 
in fact, a competing line. It is | 
against. the policy of the state and 
the public interest that it should be 
swallowed up by the greater system, 
no matter what promises are made 
as to its improvement. A vital prin- 
ciple is involved—and we have been 
surfeited with New Haven promises 
unfulfilled. 
' “Mr. Mellen ought to be satisfied 
for a while without reaching out for 
new conquests. His road acquired 
control of the Boston & Maine by in- 
direct methods, polite subterfuge. 
He has still to show the benefits to 
the people of that clever operation. 
They are as yet not proven. 
‘The big merger must be made to 
justify itself before the little merger 
can even be considered. 
‘‘One of the elements that helped 
defeat Governor Draper was his ex- 
cess of friendliness for the New Ha- 
ven railroad. The republicans of 
INSURANCE OF ALL KINDS 
REAL ESTATE 
Mortgages, Loans, Summer House 
for Reat. Te'sphor1e Con 
