The northern galaxy. [volume] (Middlebury, Vt.) 1844-1848, 1846-11-03

Ter Of necessity. We have the strongest as
surance of their desire for the proposed route
by the yay of the Cheshire and the Fitch
burgh roads, in the fact that they have PAID,
voluntarily. so much money already, IN their
large subscriptions within their own borders,
and in their so long continued resistance 10
other offers. He spoke of the deep lnteres,
which the city has in this route, and alluGeo
to the fact that, twenty or thirty years ago,
or less, the larger part Of all the trade oil
Wester Vermont had come 10 this city, That
trade was situated on the line of this road,
and although some Of it had gone elsewhere
for a market, it would, with proper facilities,
all come back again. He did not consider
this as opening a new trade, but only as re-
storing an old one, with all the advantages
of the accumulated increase. Every water
fall was running, and every hand was work
ing, in fact, now, for Boston. and II was I'M
portant TO all the connecting roads that this
trade should come this way.
MIR. Edwards spoke Of the Cheshire road
as able to support itself, but he spoke also OF
The importance of securing permaDence 10
its trade and prosperity. by leading The Rut-
land road 10 run into it. He spoke OF the
Fitchburgh road as being excellenty man
aged and very lucrative, its sock being now
eighteen per cent. above part had been
twenty-five per cent. above par-and ii the
Rutland road should run in this direction and
empty the trade Of Western Vermont into it,
there was no doubt it would go up to thirty
eight or forty per cent advance, With a
certain prospect of ten per cent annum, it
would be worth that amount, and there was
not a man in Boston who would not be willing
to purchase its stock 10 the full amount Of his
means.
In conclusion, Mr. Edwards stated that he
really believed that this was the last time an
application would ever be made 10 Boston
for help. He did not say that tonight, nor
TO- morrow, nor next day, would settle the
matter, but he did think that unless something
grew out ofthis meeting, other arrangements
would be made, and that all further attempts
to bring ihis trade TO Boston direct would be
abandoned.
E. Haskell Derby also advocated some i'm
mediate action on this subject. He stated
that the Fiehburgh Corporation had some
constitutional reasons for not voting n direct
subscription to the Rutland Railroad, utIhat
the directors and the stockholders were per-
sonally in favor of doing all they could. The
Fitchburgh road was chartered for specific
purpose, and they were legal objection TO
using its funds or its capita TO aid any thing
out of the stale. The stockholders have sub
scribed to the Rutland road in their individ-
ual capacity, and they were alive TO the ad-
vantage OF the proposed connection. They
had every confidence in its ultimate profit,
and they considered the proposed connection
with the Rutland road, as proposition of a
competent and rich eDdorserto note already
/ aIA aof it-
character,
| He believed the Rutland road would be
successful, as all o:her roads had been, and
he stated that the amount oil business on all
the existing roads had doubled in eight
years; every road causes an increase oil
business; and il the present trade Of West
ern Vermont was, as has been stated, ninety
thousand tons, in eight years, particularly
with the advantage ola direct route 10 the
city.
Mr. Derby alluded 10 the objections TO the
summit ofMount Holly, and considered them
as folly. They were nothing to the summit
Of Mount Washington, which had been over
come by the Western Railroad. Even the
grade between Springfield and Boston is
sixty-six feet, and this is not stated at the
worst rs over sixty feet Over the Spring
field road there is no difficulty in running the
cars, even with the heavies. freight, and he
considered il absurd TO object 10 a sixty feet
grade at Mount Holly. He also alluded to
the proposed building of the Ogdensburg
road and The vast amount of business that
was likely 10 come over the Rutland road
IRON the far West.
i BENJAMIN T. REED said he was obliged
TO the different gentlemen for The informa-
ton they had conveyed, and he was only as
tonished at one statement by Judge Follet:-
that he only wanted two hundred thousand
dollars from this city. He thought that so
small an amount could and to be readily OBJ
tanned, and he volunteered TO be one Of n
COMMITTEE 10 raise that snm by subscription
at once.
Some further conversation was had, and
the result was that n committee was appoint
ed for the purpose of raising the amount
wanted, Messrs. Benjamin T. Reed, Sargent
S. Littlehale. Abel Phelps, Thomas Thach-
er. f. G. Hutchins, Samuel Henshaw and
others, agreeing TO raise ten thousand dol
lars each.