The northern galaxy. [volume] (Middlebury, Vt.) 1844-1848, 1845-05-28

OF Boston, was received in answer 10 a cal
10 attend the last Railroad meeting, held
in Rutland, and which we were not able
10 publish last week. We take greatpleas
ure in laying 1t before our readers at tho
present Time, and hope that the enthusiasm
which such a letter should arouse in us, vii
be manifested by our own people when The
books OF the Connecticut River and Lake
Chaniplain Railroad Company shall be open
ed.-Herdld.
DosroN, April 30th: 1915.
GEORGE w. STaoNG, Esq,
Dear Sir Il regret extremely that it will
not be in my power to meet you, and address
our Convention, at Rutland on the 9th oil
May. feel deep interest in the extension
of our Fitchburgh Rail road from Bellows
Falls TO Burlington Montreal & feel entire
confidence that the enterprise will be not on
y profitable but eminently useful TO the coun-
try it traverscs and of more Importance 10
Boston than the Western Railroad itself, Of
which was Director for Tour years.
The trade of the Western Lakes arriving
at Albany finds at present Its nearest, most
expeditions and cheapest outlet at New
York via the Hudson, but continuous line
ofRailroad to Lake Champlain would make
Boston the nearest, cheapest and best out
let for beth Vermont, Northern New York
and Canada, and would find there better
market than at New York. Railroads are
constantly progressive; and such has been
the Improvement in Cars, Locomotives, De-
pots and management that / feel assured
and speak after close observation and much
experience, that ton oil freight may be car
red by the line proposed between Lake
Champlain apd Boston al cost of tlro dol
lars per Ton. Whatever sum above this
shall be realized will be available for divi-
dends.
You ask me if the present is propilious
moment 10 open your subscription books.
To this | reply, the present moment is emin-
emily favorable. And viii give you, in as
small space as possible, my reasons.
1st. Money is abundant and in New Eng
and particularly-Boston and its vicinity
fourishing--our manufactures are yielding
unprecedented dividends, and capital accu-
mulating with more rapidly than ever be-
fore, and is seeking new investments.
I'd. Our city is expanding, and requires
new and larger supplies OF iron, produce. and
materials for building and manufactures.
This fact will give stimulus TO Railroad en-
terprises.
Sd. Our Railroads have. surpassed in
their results,t the hopes of the most sanguine.
The gentlemen who were called wild, Wis
ionary, chimericai, and day dreamers arc
now regarded as shrewd, far-seeing men
for facts have outrun fancy. heRailroads
pointing from Boston towards the interior,
particularly those that point towards Yer
mont-the Fitchburgh and Concord-are
much above rand are earning nine & ten
per cent Their success is sharpening the
appetite of capitalists.
18th. The stock of the Cheshire road has
been taken, Notwithstanding the State of
New Hampshire has imposed personal
liability on the stockholders and subjects
them to taxes, while her granite hills in
volve expenses of construction not found in
the vallies ofVermont. The subscription to
the Cheshire has absorbed but small part
ofthe funds seeking investment.
9Th. The friends ofthe Montpelier line
are preparing for an active campaign, and
are ready TO connect either with the Fitch
burgh or Concord roads, and bring many ar
guments in favor oftheir route. Prompt and
efficient action is essential TO your success.
To begin, now, you will not require Iron
for two years. To complete subscriptions
the line, and complete grading,
will require at least two years, and Iron
which is now al fl3 per ton, and which costs
the manufacturer less than &C, will fall with
in that period. The market is now inflated,
an immense impulse given TO production, the
quantity required for Railroads much exag-
acrated, and the price must fall. Be prepar-
ed 10 use h,when the reaction takes place.
wish 10 see one company organized 10
extend, on the best line, from Bellows Falls
to he Lake.
To have the books opened at once To
have the towns on the line of the road, and
the towns on each side, from terminus TO ter
minus, making Il range OF three deep, and
not far from sixty in all, thrown into districts
OF nine towns, and an active committee ap-
pointed for each.
TO have each town assessed fora proper
lion ofthe capital For instance let each
town. on an average, be set at 200 shares
being one or two shares for each household
er; and it may well be argued that fhalf
The capital comes from Boston, a subscrip-
lion for one half in the country will take no
money out oft; more than half the cap tai
will he expended for labor and materials on
the line. lfthus you can raise foryour hun
dred and ten miles Of Railroad, one millionin
the country and come here for the other,
feel assured we can find it. Ifyou will show
courage ard energy in Vermont Massa-
chusetts shall not be wanting. Massachus-
etts is now alive 10 The Importance ola road
TO Canada. The movement in Maine and
Canada excite her 10 action, and she will re-
ciprocate all the ardor you can kindle in
Vermont Prepare carefully the statistics of
the towns adjacent your line. Set down
the sums actually paid for transportation, and
transportation on the Lake, and publish them
in the form adopted by the Fiichburgh com
pany.
1.-THE suggestions. which the interest
feel in your line prompt me 10 make, are car
ried out, feel confident you will secure one
ofthe best and most profitable lines in the
country, and what will be my best apology
for so long a letter, you will find me pre-
pared to take fifty shares of your stock.
Very sincerely, Yours,
DID DIV