• CMQ for sale?

  • Discussion of present-day CM&Q operations, as well as discussion of predecessors Montreal, Maine & Atlantic Railway (MMA) and Bangor & Aroostook Railroad (BAR).
Discussion of present-day CM&Q operations, as well as discussion of predecessors Montreal, Maine & Atlantic Railway (MMA) and Bangor & Aroostook Railroad (BAR).

Moderator: MEC407

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  by MEC407
 
gokeefe wrote: Sun Dec 01, 2019 4:43 pm Ah the old Buck Dumaine vision resurfaces ...
Yup, you read my mind. :-)
  by CN9634
 
Pre-Guilford a CP-MEC scheme was hatched where Maine Central approached CP to sell out and CP made an offer... just not one high enough. I believe this is chronicled in the ‘CP to the East’ book, which in this day and age should be dusted off to see what was and could be again.
  by Cowford
 
Ah the old Buck Dumaine vision resurfaces
I think we're getting ahead of ourselves a bit. It's worth keeping in mind that the BAR of the 60s, 70s or even 80s no longer exists. The majority of the former property survives primarily as a fiber pipeline for its parent company. And, to my knowledge, Dumaine had no vision of creating a link over the top. Another thing to think about: The old CP interchanged much more with BAR than MEC (at Keag)... the CP route worked well for GNP and Fraser Paper with no circuitous miles, while MEC preferred St Johnsbury and its preferable divisions until GTI bought BM.
  by jwhite07
 
Last weekend when I was dropping off my niece and her husband at Bangor International Airport, I noted with amusement there is a now-outdated promotional poster for CM&Q "Pulling Maine Forward" hanging in the lobby near the security check-in.
  by MEC407
 
CN9634 wrote: Sun Dec 01, 2019 6:57 pm I believe this is chronicled in the ‘CP to the East’ book, which in this day and age should be dusted off to see what was and could be again.
Thanks! Do you know the name of the author by any chance?
  by Cowford
 
Omer Lavallee (Published after his death... he was at one time CP's corporate historian.) It's a great read.
  by MEC407
 
Thank you!
  by bostontrainguy
 
UMMMMM . . . .

Canadian Pacific to the East - The International of Maine Division Hardcover – 2007
by Omer Lavellee (Author)
See all formats and editions

Get the Best Deal
Hardcover
from $300.00
2 Used from $300.00
  by CN9634
 
They are out of print... I got mine for $90 and thought that was steep... but the book is excellent. Keep checking ebay, ect one may surface
  by Highball
 
Fifteen years of Omer Lavallee's CP career, between 1945 and 1960 ... " were spent part time as a crew member of Canadian Pacific's pay car, which operated on the Brownville Division in the Northern part of Maine. The car which operated over the Moosehead and Mattawamkeag Subdivision once a week, was the last vestige of a once universal method of payment of railway employees, going back into the mid - 19th Century on this continent. "
  by S1f3432
 
In the early 60's the D&H approached E.Spencer Miller with a consolidation proposal but analysts returned a report
so favorable to the MEC that the D&H lost Interest. Mr. Miller then turned to the CP with a proposal that the CP offer
2 1/2 shares of it's common stock for each share of MEC stock with the idea the transaction would be attractive to
CP by diverting traffic off the CN and landlocking the BAR. The CP responded it would not offer even one share; later
offering one CP Preferred Stock share for each of MEC's 120,000 shares- which was unacceptable to Mr. Miller. In 1974
CP paid $5 million cash and $1 million in Soo Line bonds for the Mattawaumkeag-Vanceboro portion of the E&NA which
MEC used to retire a bond issue coming due. CP paid more for that segment than they would have paid for the whole
MEC under the earlier proposal but without the baggage that accompanied the stock proposal.
  by gokeefe
 
Ok I'm sold. They're going to dump it.
  by csx2039
 
Im surpised to see Newport listed.
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