Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1844-01-05
Ciii.ens Of Termonf:

shall nov endeavor to show that an invest
ment of stock in the rail road from Fitchbuiq
through Vermont TO Lake Champain would be-
q good investment, and that IL would he dcsira-
bic that every citizen, so far as practicable.
should share IN and encourage IT, It was de-
mnnStialed at the recent Convention a Brat
ichoro that the rail roads in Massachusetts,
fifteen 10 all, are, excepting one, yielding fir
income from six 10 eight per cent. per aunun.
Yet those roads were generally bull; at an ear
" day, before much skill and experience was
acquired in making them, at a cost nearly twice
Us much as it would now cost 90 huild road
m better, more substantial and durable man
ner This could be done because much gfeat-
er skill and experience have been acquired in
constructing such roads; besides. the materials,
except iron, for constructing the rbad fium
Fitchhurg 10 Burlington might be obtained
much cheaper. Stone and timber of all kinds
in abundance would be found generally on or
near the spot, at moderate exrrn>c, and
should the road be constructed on the route
proposed from Filchburg 10 Burlington. it will
embrace iich farming and pnpulous country,
both IN northern Massachusetts aud Vermont.
leading through rich mineral and fossil regions,
through manufacturing villages, in the vicinity
ul streams aii1rdiug extensive water power
much Of which is now unimprov,d. And 1t
may be safely calculated that were The road in
operation ii would command an amount of
freight vastly exceeding any estimates vet
made. II Is not possible /; should be other
wise. Hence II follows that stock in the road
would b. a good investment. Welding a yearly
income of not less than eight per cent. upnn
the whole cost, for damages TO land owners
and expense OF ma',ing the road With srch
prospects, would ii not he desirable that The
citizens of Vermont should, so lar as p1actica-
Bile. share m the stock so as tn create a general
interest through the State in this great I'M
provemenl' IL would give encouragement
and energy 10 the undertaking. Let the es,i-
mate of shares b. 81 low that almost every far
meF and mechanic could afford 10 take one or
more. Materials for constructing the ruad.
labor, and provisions To support the labofers
would all be wanted IN abundance. After the
road should be once in operation thr sIocK
would undoubtedly sell at euy time al more
than It's par value, of course the stock must he
good. So great work in which all Vermont
eTs wonid be 81 deeply interested, ought Ia re-
ceive the patronage and encouragement OF al.
And there is one method whereby the poor
man might be c,lueiiy in;ercs ted ia The road
with his more wealthy neighhor. Since the
Income Of the surplus fund is devoted to The
laudahle aud benevolent object of supporting
common schools, the poor man has an equal
interest in that fund with his more wealthy
iownsman. Let the towns vest that fund in
rail road stock, whereby they might safely cal
culaie on doubling the yearly per cen.age on
that fund II is believed that the towns gen
orally are not now receiving more than four
per cent, free Of oil expenses, on that fund.
u vested in rail road stock il would unquesiinn-
ably neat eight. And this is not an. Besides
doubling the income OF that fund for the nro-
mniion The original object for which il was
devoted, the towns would be also advancing an
Object OF Internal Improvement which would
add permanently 10 the wealth and prosperity
NJ the whole Commonwealth. Such diSpnsi-
ton OF the surplus would relieve The towns of
a vast dead OF trouble, perplexiiy and risque to
which they are now exposed, and be placing
il where II would be perfectly safe, Welding a
yearly income double 10 what is now realized, /
working ma injury TO any one. In this d;Spo-
sitlon of the surplus, the poor man would be
equally interested with the rich, and what
noble, patriotic as well as profitable disposition
Of this important fund whereby two great and
important ohlecls would Ice materially promo
led. The income for the original object would (
certainly be vastly increased and the rail road
project essentially promoted. These sugges-
lions are thrown out lar the candid consdera- /
lion Of the patriotic, liberal and entegprisinp
citizens OF Vermont, by
A YERMONTEn