Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1846-01-22
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VERMONT CENTRAL. At the recent meeting of
the Board of Directors at Boston, the question of
location between the Gulf and Mortified routes I
was finally settled by the Board in favor of the
latter 1t will be remembered that at the meeting
in Nov. last, the road was located via Mortified.
in case the Chief Engineer, (Mr. Felton,) should
not change his opinion after re-survey Mr. T.
stated to the Board that he had invited Mr. Hay
ward, one of the most reputable Engineers in the
country, to test the re-surveys with him. which in
ytation was accepted, but Mr.. II, was unable to
attend to the business at the proper time. Under
these circumstances the Chief Engineer proposed
to defer his report, if desirable, until Mr.. Hay
wards advice and aid could be made available
Tins offer, however, was declined by the friends Of
the Gulf route tho report of the Engineer was
presented, and the Committee on the part of the
stockholders of this town and vicinity was heard.
The report Of the Chief Engineer was in favor of
the Northteld route-the estimates showing that
route to be cheapest by the sum Of $4,000. This
report was accepted and adopted by the Board
The survey Of the line on the north side of the
Winoosk, from near the mouth of Jog river to-
wards MiddleseX, proved that line to be $4,000 the
cheapest; 1t was therefore adopted by the Board,
subject to be changed so as to run through the
village of Montpelier, and the Chief Engineer was
directed to make a survey with that object in view.
We advice the good people of this vicinity to
keep cool, in the full conviction that their better
judgment will be to sustain the road with all their
strength Successful resistance is in our opinion
entirely out of the question At any rate, in a
matter of such importance, it is best to act dis
creety.
057Wlth the rate of interest at Q, 10 and 4 per
cent on good paper in Boston, purchasers have for
some days offered % for Central stock but none
in Boston have yet accepted that (under the cond-
lion of the money market very high figure. 1t is
decided indication of strong confidence in the
stock.
Concci'oa.-In our last we stated that all the
books of subscription to the stock of the Central
Railroad contained the condition "yia Montpelier
On examinations we find that the first books, pre-
pared in this state, land to which most of the Yer
nontcrs subscribed) did not contain those words
On going to Boston in June last to obtain stock
the condition expressed in the preamble of the sub
scriptions here was changed TO specific condition
and in making the change the language of the ar
rangement with the Fitchburgh and Cheshire com
panles was used-thus bringing in the words " via
Montpelier" At that time the simple design was
to make formal condition of part of the prcam
Bile, and it was done without any thought of allec
ting Montpelier or of materially affecting the terms
of subscription at all. We suppose every body ex
pocted that the road would go to Montpelier as
matter of course; and we suppose it will now
The mistake was ours, not Col Reeds.