The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-07-01

nal. will enable tho transportston Of -FOUR from Clsvs
land to Ogdsn.ough At cost within less than 20 cent
1nm ~ the a.
necticut river. and down the valley. it be sont
Danbury for less expense than it can come by way
tolls And while there is not single county
town between Burlington and Danbury that produce
10 Se i, : IDLE to deny or to doubt the DC
ton with the trade Of the "Grcat West" by way Of thu
Northern Railroad to Ogdensburgh and Lake Ontario
We have already from city of the best Rail
roads to springfsld and the road from Springfield t.
Northampton win be opened in December-from theme,
to Greenfield will be put under contract in few weeks
From Greenfield up the river Bellows Falls provi
ded by charter and cannot be long delayed The Vernon
Central Railroad Company takes the route at BELOW,
Montpelier to Burlington for which 81 900 is already
subscribed, and the construction of the road placed
From Hartford to Burlington is 246 miles, through q
well settled rich agricultural and extensively manufac
turing country to be traversed by railways of the
most approved construction and connecting their bust
ness and immense passenger trains with road to New
York via Danbury This great valley route is to be
nected with and inersected by the Hartford and New
Haven; the Western at Sprngfeld the Chcopes Falls
Cabotve the Vermont and Massachusetts at Greenfield
or Battlcboro the'Cheshre at Wapole the Rutland al
Bellows Falls; and probably the Concord and Lebanon
at White River; and the Passumpsc River railroads, at
The densely populated district through which this
route located and the unusual number extensive
lines of railroad communication with which will be
connected and form the great Southern outlet
imperatvey to demandts construction and that at the
earliest possible period in order afford desirable and
reasonable accommodation for the public travel.
Tho next enquiry is-"Can you obtain the funds to
build the road Since the formation of govern
ment, Continued Mr. R individual and personal credit
day. Money is plenty to an unparalleled extent and
seeking profitable and safe employment in every avala-
ing the and largest and sures returns
In the organization of the Greenfield company, few
days since was found that foryfve shares SUBJ
scrbed, more than the charter required-which, of
course had to be rcnguished before the organization
could be completed The subscriptions to the stock
the Cheshire Railroad Company already exceed by
slOo,O0o the amount allowed by their charter. And
those instances occur distance in the country,
where there are unusual inducements to invest I'm.
der All these circumstances, with very superior induce
ments can there exist for moment any doubt that
tasts will withhold their appreciation or their funds for
this route
The next and only further enquiry is-"Wir the road
pay fair returns If constructed % We find the following
facts in relation TO the cost and value of several other
roads.
The Lowell and Nashua road of l4l miles, cost s26
200 per mile to construct it. 1t pays 10 per cent dvi
bends, and is worth III per cent
The Concord, N. H. 50 miles, cost $40 900 per mile
and pays II per cent dividends and sells l3l per
cent.
The Fitchburg road, of so miles, just opened, cost
$4,000 per mile, and its stock is worth sl2a per
cent.
The Taunton road of ii miles, cost s227a7 per mile;
pays per cent, and is worth 49,
The Boston and Worcester double track, A miles
The Eastern, 81 niles cost saS 100 per miieHpays
per cent and sells at ll2.
Inc boston and Name 90 miles, cost S265ll mile
pays q per cent, and sells at III.
The Boston and Providence cost $40 900 per mile
pays per cent, and sells at ll3.
The Western, l56 miles, cost 1920 per me-paid
last dividend OF per cent, and is worth l04.
The Schenectady and Utica, 10 miles, with fiat rail-
cost 90S2 per milepays per cent and sells at 49,
The Utica and Syracuse So miles, fiat rail- cost S2l O54
per mile-pays per cent and sells at ll5t.
Therefore we find, that all the roads here enumerated
cost various sums from $4,000 to Si9270 per mile for
construction They all fair dividend paying stocks
and hold out reasonable nducemcn for capitalists to
tnue their investments in this kind of property And
where road is to be opened having favorable advanta-
ges, like the under consideration there be no
doubt of its ability to command the favorable attention
of capitalists.
This route lies through district more favorable for
construction and with less elevation Of grading than
several Of the roads alluded to- II leads rich agri
cultural country whose manufacturing resources are
very large and much greater than its agrc uural
II is densey populated by moral industrious and
gec people, whose enterprise and manufacturing skill
already an honor to our State and national fame and
character and whose wealth and present prosperity
sure guaranty Of the success and liberal support Of the
road.
This road will inevitably become the prominent and
busy outlet to the whole vast trade and travel OF the
tire Connecticut River valley II will be the great ave-
nue. of communication from the north to the south, and
at all seasons of the year. being free from the annoy
ance the dangers and delays Of ice and fogs will offer
the strongest the safest and most speedy
between the east and the souh and in
this respect will be exempt from all available competi-
ton whatever as the only entirely inland route.
clusion that for desirable investment the funds
cessary for its construction may be obtained without diff
hculty or deay-that time should be lost in pushing
forward this great ork Of much needed
Of New York City, than any other route which be
made-and when finished and in operation will become
of the most crowded. fashionable and profitable rail-
roads in this country.