 The first attempt to bring a railroad to Belfast, a Penobscot Bay port city that was Waldo County's shire town, came on March 9, 1836, when the Maine Legislature passed "An Act to establish the Belfast and Quebec Railroad Company", but any prospects for financing the project were quickly killed by a provision in the Maine Constitution that prohibited public loans to build railroads and by the Panic of 1837.A second attempt to raise funds for the Quebec route in 1845 also failed, as did an 1848 proposal for a line from Belfast to Waterville, and an 1853 proposal for a line from Belfast via Newport, Dexter, and Dover, to Greenville on the shores of Moosehead Lake.In 1867, a change in state law finally made it possible for cities and towns to help finance railroads through bond issues.