Mt. Moosilauke (1881) - Mountain Hotel Company
". . . On October 10th, 1881, the Moosilauke Mountain Hotel Company and the Moosilauke Mountain Road Company were formally organized. The title to this property which formerly had been held by the various builders and parties interested in the project was conveyed officially to Daniel Q. Clement, who in turn passed it on to this new company, chartered by the Legislature of the State of New Hampshire in that same year. William Little also turned over to it 'a circular piece of land, the center of which is the highest point of Moosilauke Mountain, and the radius of which is two hundred rods.'
The capital stock of the road company was $2400, with a par value of $100 for each share of stock. The original ownership of the stock was as follows: 8 shares to the Boston and Maine Railroad, 8 shares to D.Q. Clement, 2 shares to C.S. Keene, 1 share to E.F. Morse, 1 share to L.M. Woodworth, 1 share to C.B. Woodward, 1 share to G.F. Putnam, 1 share to G.A. Fenold, and 1 share to A.B. Woodworth. The Hotel Company was capitalized at $5000, with a par value of $100 for each share of its stock. The ownership of this stock was divided equally, with 10 shares each to D.Q. Clement, E.F. Mann, A.B. Woodworth, E.B. Woodworth, Charles S. Keene, and Ezra Mann.
This interest in the mountain and its summit house was largely a personal and sentimental one. The original builders and operators were members of these various families. The six men had spent a good deal of their lives on or near the mountain, and the organization of the company still kept it a family affair, and a family interest. The Moosilauke Mountain Hotel Company was never intended to be a profit-making venture, but was a formal gesture merely to assure the owners of its safe and successful continuance regardless of their own fortunes and unforeseen futures. . . ."
From "Moosilauke Summit House" by Hartness Beardsley, 1937.
