Lebanon Springs Railroad Sale 1898
Lebamoat Sprtags Railroad Sale. ' This explanation, of the recent sale ot an interest In the Lebanon Springs Railroad comes from Troy and casts new light on a somewhat mysterious transaction. The part of the Lebanon Springs Road lying in the towns of Nassau, Stephentown. Berlin, and Petersburgh has been nractlcally owned by virtue of a first lien by 8. O. Olcason. cashier of the Manufacturers' National Bank of Troy. Mr. Gleason acquired hla lien under sales for taxes. A few days ago Mr. GKeason sold the tax titles to a Brook lyn syndicate that is said to be interested in the construction of an electric line from Hudson to Nassau. The supposition Is that thla Brooklyn syndicate Intends to connect the Lebanon Spring Mne. In the town of Nassau, north Of Chatham, with their projected line from Nivervllle to Nassau, wnd thus operate it as an electric Une as tar as Lebanon. Springs.