History
Josiah L. Maxey, a Gardiner banker who had recently financed construction of the Kennebec Central Railroad, obtained legislative approval for consolidation of the Sandy River Railroad and Phillips & Rangeley Railroad (P&R) on 10 March 1891. Maxcy purchased controlling stock of the Sandy River Railroad in 1892, and then obtained controlling stock of the Franklin & Megantic Railway (F&M) in 1897. Under Maxey's direction, F&M purchased the Kingfield & Dead River Railroad (K&DR) at auction on 2 August 1898; and the F&M, K&DR, and Sandy River railroads operated under common management until formally merged as the SR&RL in January 1908. Under Maxcy's direction, SR&RL purchased the Phillips & Rangeley Railroad (P&R) and the Madrid Railroad at auction on 12 June 1908 and the Eustis Railroad at auction on 24 August 1911.
Read more about this topic: Sandy River And Rangeley Lakes Railroad
Famous quotes containing the word history:
“If you look at history you’ll find that no state has been so plagued by its rulers as when power has fallen into the hands of some dabbler in philosophy or literary addict.”
—Desiderius Erasmus (c. 1466–1536)
“the future is simply nothing at all. Nothing has happened to the present by becoming past except that fresh slices of existence have been added to the total history of the world. The past is thus as real as the present.”
—Charlie Dunbar Broad (1887–1971)
“Every generation rewrites the past. In easy times history is more or less of an ornamental art, but in times of danger we are driven to the written record by a pressing need to find answers to the riddles of today.... In times of change and danger when there is a quicksand of fear under men’s reasoning, a sense of continuity with generations gone before can stretch like a lifeline across the scary present and get us past that idiot delusion of the exceptional Now that blocks good thinking.”
—John Dos Passos (1896–1970)