sentences:  It was the first gauge locomotive in Maine, and was intended to pull the long trainloads of lumber being delivered to the Sandy River from the large sawmills in Bigelow on the F&M and Madrid Junction on the P&R.Sandy River management began purchasing defaulted bonds of the P&R and its subsidiary Madrid Railroad and Eustis Railroad; and put the P&R into receivership in 1905.Sandy River management then forced auction of the properties to satisfy the defaulted bonds, purchased the P&R and Madrid Railroad at that auction, and merged them with the F&M and Sandy River as the Sandy River and Rangeley Lakes Railroad in 1908 ("see there for subsequent history").