Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1847-06-25


the Corporation in fourishng condition, and
such as appears to warrant the expectation Of
the President that "one.half of the road from
the Connecticut to Northfeld] will be in opera
ton by the LIST day Of January next"
We gave the names Of the new Board Of Di.
rectors in our last:
DIRECTORS REPORT.
To the Stockholders of The Vernon, Central
r. X. Company:
Your Board of Directors reports, that since the last
annual meeting the work upon the road has been
prosecuted without intermisson, except so far as no.
cessary during the season OF FROST which was Proong-
ed to unusually late period in the spring but il 10
believed that this unavorabe circumstance will DO
compensated by enlarged force under the energetic
contractor to whom the work is committed, 30 as TO
complete portion Of the road within the present
/ The entire line may be properly divided into three
R,vef, is miles from the mouth Of White River to
Mortified, SO 81 miles and from Mortified to Bur.
lingon, 4S 81 miles-total ll6 ~ miles The amount
Of work done on these divisions up to the 25h Of May
last was as follows.
From the mouth of White River to Wind
From Mortified to the mouth Of White
From Burlington to Mortified, 2si,764 Sc
| Total, 47S6777 81
From this staemen. it appears that tile work has
on the entire line, embracing first the most difficult
and expensive portions so as to complete the whole
road at an early period Last autumn the Board
apprised that IN case portion Of the road shall be
completed, connection could be had by railroad with
Boston as early November of the present year No
doubt could be entertained that it the true policy
OF the Company 20 complete portion Of its road, in
order that the capital invested may be earning for the
stockholders at the earliest moment; and therefore in
: November last the President directed to cause
the read obe constructed from the point Of junction
with the Sullivan Railroad TO Northfeld as rapidly as
is consistent with the interests OF the Company, 50 a.
to be entirely completed to that point by the FIRST Of
I, November next and much farther as Is praciica.
be-, To effect this, we believed, desirable pur-
pose the attention OF the contractor has been mainly
devoted during the present season TO the eastern por-
- ton of the Understanding however force diff
cult points upon the remainder, TO prevent any
unreasonable delay in the completion OF the whole
i road.
the road on terms favorable for the Company also
for chairs ties and all other materials required for
construction also for sutfcien, number OF cars and
engines to commence running the road and arrange
mcnts have been commenced tor the erection OF the
depos required from Connecticut River TO Mortified.
contract has also been made for the delivery Of tho
iron and chairs upon the line Of the road and 1t no
unforeseen obstacles occur TO defeat the arrangemes
which have thus been made half Of the road will
|, be in operation by the first day Of January next
! Accommodating, as the Central Railroad will &C.
= commodate, large and thriving population on the
line and its vclnage, and being one in series OF rail
roads connecting the great Northern lakes and the
L. capital Of the Canadas with the Atlantic nj Boston.
the Board has been impressed with the conviction that
the business Of the Central Road will in short time
demand all OF which it is capable. 1t would therefore
e TO be true economy 10 construct the ROAD IN
the outset secure every possible advantage FOL
al the accommodation Of the business which may be
" fairly anticipated by using the mos, substantial mate
Tss have
ID build first class road. both TO permanently and ca
pacty for business and so tar as the pemanency OF
the road already completed is concerned are pleased
N report that the test Of the past spring floods ha.
served to confirm our best expecta rons-ro damage
having occurred any part OF the line, save the IN
q considerable washing OF entertainments TO which ~
new work is subject.
While no reasonable expense has been spared te
secure the excellence and permanency OF the road
% when completed, there is every reason 10 anticipate
that the Of the whole work will justify the expec
,atons held out to the stockholders. 81,
The condition OF the finances Of the company vii
II appear from the statement OF the Treasurer, who
70 required by the By Laws report you, and VIII
will doubtless make such suggestions the interest
OF the Company require.
10 During the past year the relations Of this COMPANY
with all others with which lis interests connected
Us have been OF the most friendly character and ar
10 of each have been made spirit OF libernli,y AM
justice which promises future harmony. The Yer
mont and Massachusetts, the Cheshire, and the Suli
10 roads, which, with the Fchburg road form lin
lie connecting with the Central at Windsor--and tn
OF Northern New Hampshire and the Connecticut an
Passumpsc Rivers roads striking the Central line
>, the mouth of White Rver-arc now in the process 9
construction, and all 10 be completed the en!es
l. period practicable On the Western terminus oil tn
IN Central Road, the Vermont and Canada Railroa
Company is about to organize, and the Northern Ne,
y York road. from Lake Champlain to Ogdensburgi
N holds out encouraging prospects Tor speedy success
Capitalists Of Boston and stockholders Of some Of III
railroad corporations in interest having already mad
liberal subscriptions its stock the stockholders Of III
~ Central Road are now asked 10 take stock to III
10 amount OF S25 900 and we embrace this occasion
extend the invitation 10 you. and most cordially
VI commend its acceptance. The Northern New Tori
road is ll5 miles in length, and the estimated cos,
trst class road. OF superior capacity tor transports
r. tion exclusive Of road furniture, is 81 29 U0O-c
h barely Sl9DOO per mile. 1t will strike the lowe,
er point OF safe navigation from all the large Norher
lakes and with the " nnont Central and other con
Meeting roads, form q line OF uninterrupted ra,roa
OF transpoon to Boston, shorter BY two hundred mile
than the present line from Buffalo to Boston, an
shorter by about one hundred and sixty miles than III
G.. line OF transportation by railroad or canal and III
. North River, from Buffalo TO New York Takin
y! INTO view the immense resources tor freight onl
ce in the iron regions Of Northern New York. ha, in
the territory bordering upon the Lakes from Ousri
NJ to Superior, and the extraordinary facilities for
in strucung first class road at moderate cost-w
enlsrtain no doubt that the capital will prove PEI
tecty safe and profitable investment. By the tern
OF subscription per cent interest is TO be paid upo
"a the stock until the road is completed, and the amou
OF dividends Of profits is unlimited BY the charter
. recommend subscriptions as a valuable investment
stockholders Of the Central Road, both from dire
proht from the money invested and for the more ind
m rect yet certain benefit TO be derived by the Cenr
ION Road through its position in railroad line which
his destined to be one OF the mos, important, in Il
ich Union.
vel In conclusion. allow us to remark. that our expe
tations as TO the importance Of the Central Road 40
its advantages and the value Of the stock have be,
constantly strengthened the work has advance
n's and We rnewediy commend to your confidence
"ne vigorous support.
ary All "hlch is respectfully submitted
BY order Of the Directors,
IL CHARLES PAINE, PreSident
-, MONTPELIER, June I, 1877.
viii
at. TREASURERS REPORT
na TREASURES OrFIcE, VI. C. R r. Coz
Luna 4