Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1846-07-30

atlon necessary TO enable the Board to make the
contracts; and Tor this purpose TO receive propo-
son5 IN reference thereto, and report fully to the
Board. On the 25th of that month, the Commit
tee reported The proposition Of SEwALb f. BEL
KNAp, an experienced and successful contractor
for the building of New England Railroads. I'm
der his proposition, your Board believed that the
work would be performed, for fair compensation,
IN the manner and within the time prescribed, and
without danger Of mourning such delays and diff
cultes as have frequently resulted either in post
ponlng the completion of works of this character
thus involving the loss Of interest ON capital in
vested, and the loss ofthe profits which might have
been earned by the road-or, in subioctinp the
companies to great and unreasonable expense, in
supplying the places Of delinquent contractors. -
This proposition was therefore accepted and con
tract executed, which is herewith submitted for the
information of the Stockholders.
On the 10Th OF December last, the first ground
was broken near Windsor and from that period,
the work has proceeded, at the most difficult points
OF the Inc, with as much vigor as circumstances
would allow.
In consideration Of the resources of the Central
Company, OF the efficient support which it cannot
ioll TO command, and the importance 10 the Stock
holders for their own profit and TO the public for
ther convenience. oi securing an early completion
OF the WORK of building and furnishing the roud-
so as to enable the Ogdonsburrh road TO form n
ucaDle,-your Directors determined 10 put the en-
tire line Of the road under contract at once as soon
as the surveys would warrant them in so doing =
ana inc Bo1rd also appointed Committees CHARGED
with the duty OF making arrangements for the nee p
cssary supplies OF iron for the road and of engines
and cars
The Committee in relation to iron have made
some progress in negotiating for the supply of A.
merlcan iron, upon satisfactory terms in season for
the whole road but they have delayed final action,
until they should be clothed with full powers for
making the necessary contracts In view of the
present condition Of the iron market and the prob
able reduction Of the price Of this article, it is an
parent that the Company will not suffer by the de-
lay' Contracts have been made with Mcssrs.
HINcKLEY ~ DRURY to furnish ten engines of SUI
peror workmanship for passengers and freight; and
Messrs. DAVENPORT d Banners are prepared TO
ould the passenger and freight cars, upon terms
Whlch the Committee consider as favorable and
satisfactory they have not, however as vet matu-
red contract with them but intend to do so at
an early day.
Upon entering on the work in the valley of the
Wlnooskl river it became apparent That the Com
Pahy would be subjected to large expenditures for
damages and tolls, so long as the Winooski Turn
PIKE Company should remain in possession of IFS
road by the proviso of the 9Th section of the char
Yer OF TINS Company, the purchase of the turnpike
was made Imperative :-propositions from the Turn
pike Company were therefore solicited and recev-
came the property the Central Componvl for tbr
consideration named in tbo cba,tor T6i, t, .ao
pike is, at present, valuable nronertv and vii
doubtless, continue to be so until the COMPLETION Of
The Railroad. The contract for purchase was sat-
slactory to both parties, and will prove as we be.
leve, very beneficial arrangement for the Stock
holders Of this Company. =
Upon application made TO two Iudpos Of the Su-
prcIne court IN FEBRUARY last they appointed three
commissioners 10 aPPralse land damages; and the
description OF the Inc having been recorded in the
o"h c'erNS oihces' as required by the charter, the
ioi'i7SionerS proceeded to the discharge OF their
.J I uncut, as such trust always must be,
! nus eeeh peculiarly so to them, lnasmuch as this
> tuo ntSI enterprise ct the KIND commenced in the
otI'c Vi vermont the Board, however, feel justl
icu Ill ePJrthg' thatthe Commissioners have ever
oolou 10 De Jealous TO mete out justice to all par
nnfbn1dorU WniGn must be satisfactory to the
IN oo,,aI "lu W 'lle company
II, f1ut