The Massachusetts spy, and Worcester County advertiser. [volume] ([Worcester, Mass.]) 1825-1831, 1831-07-13
WORCESTER:
WEDNESDAY. JULY Is. 1881.

BosroN AND WORCESTER RAIL RoAp.
1t is cheering to observe the spirit manifest
ed by the capitalists of Boston in relation
to rail road between the city and this
town. The act ofincorporation Of the com
pany provides that the capital stock shall
consist of ten thousand shares not to ex-
coed one hundred dollars per share, and the
price of shares has been fixed at that sum.
The hooks were opened last week, and no
less than eight thousand shares had been
subscribed for on the 9th inst. probably the
whole amount is taken up before this time.
The conditions of subscription however,
are, that an assessment of one dollar per
share shall he Immediately laid, to defray
the expense of making surveys and esti-
mates, and obtaining all such information
as may he deemed necessary to enable the
stockholders TO decide on the expediency of
the undertaking; and that any subscriber
may relinquish his shares without being liza
BILE to any other assessment should he see
fit so to do after the surveys, &c. are made.
Notwithstanding the last condition, there
can be little doubt, we conceive, that the
enterprise will go into operation after the
necessary information is obtained Men
have put their hands to the work who do
not usually yield to trifling obstacles.
Judging from the uniform success that has
attended the construction of rail roads, and
che clear demonstration repeatedly made of
their great utility wherever introduced, and
considering that they possess the advan-
tages without the Instructions incident to
canals IN our climate, we are less surprized
by the attempt now being made, than that
it has not long ago taken place.
In estimating the profits OF the undertake
ing, the income from passengers, to he con-
veyed by four locomotive engines, Is COM
puted at 1870 per year. The average
amount of travelling in the stages now rnn-
ming between Boston and Worcester, is $44-
700, exclusive eff the smaller lines, which to-
gether with the travel likely to be attracted
by the rail road, will give the above amount,
estimating the fare at 81 80 for each pas
sage between the places.
As to The quantity of goods to he trans
ported, it is computed that the amount OF
the present business which would I've ac-
commodated by the rail road, would require
a transportation equivalent to $4,000 tons
for which at SO per ton the receipts
would he $4,000. The expenses for re-
pairs Of the road, and of the locomotive en-.
gnes, the cost of fuel, and the salaries OF
spperintendants and workmen, are set a,
$3S, $40 per annuln so that net income
of $66,600 may be safely expected. Such
is the estimate made by the very intelligent
committee of the Corporation, and contain
ed in their Circular.
Boston cannot fail to reap immense hene-
fit from having the products of this fertile
inland region brought to her own doors at II
comparatively small expense, and our far
mai n7nn n ri 1r md 6
rious kinds, must receive corresponding
degree of advantage from the facilities thus
afforded. The merchant who now finds i
convenient and profitable to obtain his goods
from Providence and New York, will no,
hesitate to prefer Boston market, other
circumstances being equal, and for strong