Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1847-07-01
RAILROADS.

A moments reflection, to one who understands
the railroad enterprises now in progress, will con-
vince him that no railroad has yet been built in
this country, with such large and certain pros
pec,s of success, as the Vermont Central Rail-
road. Wiih immense feeders al both ends cheap
road to build, and cheap and easy road to run
over; on line of unrivalled advantages and
without competition; it cannot but prove more
highly prosperous than even Its most sanguine
friends now expect. Its stock, we venture to
predict will be at least twenty per cent above
par within one year after the opening of the
whole line of the road--calculaled to be open
in eighteen or twenty months At the present
time, and at the present price, in our opinion,
there is no better stock for investment in Boston
Market AT least, such is our opinion, and 1t is
one not formed without consideration, or hastily
expressed. 1t appears to us that the result Of
this great enterprise must be profitable TO those
engaged in it, If they bido their time.'- Bunker
Hill aurora.
SULLIVAN RAILROAD CoMPANY.-At meet
ing of the Board of Directors of this corpora
ton, holden at Claremoni, OH the 9th inst, the
following resolutions were unanimously passed A:
RESOLVED, That interest at the rate of six per
cent. shall be computed on all advances which
shall be made on the stock in the Sullivan Rail-
road Company tron the time oil SAID advances to
luc llISI udy VI Junuuly lCtCg lIuI lllC lIlC
shall then be paid to the owners OF said stock.
Resolved, That interest at the same rate shall
be computed on all such advances made prior to
the first day Of January, 1913, from said first day
of January to the first day of July, 1913, and OF
all advances made subsequent to said first day Of
January, interest shall be computed from the time
of such advances to the said first day of July
and the same shall then be paid to the owners o
stock.
The monthly report Of the treasurer TO the di
recors, shows the very healthful and prosperous
condition of his department, and he may wei
congratulate the directors and stockholders OF
the very prosperous condition CT the treasury.
The first assessment of ten per cent. on thu
capital stock of the corporation, (S500O00,) tho
made payable as late as the 25th utlmo, has bee
very generally paid, especially by the sockhol
ders in the country. The second assessment o
ten per cent. is made payable on the first of July
and it is not doubted but that also will be a
promptly paid.
1t appears from the report that the total amoun
already paid into the treasury on the capital stoc
up TO the 9th instant, is S53, 1875 90; and Their
has been paid out to engineers and contractor
on the road on drafts from the directors, Sl4
566 0S leaving balance in the treasury subjec
to immediate appropriation, S3S, 62S ~.
The work on the road is steadily but increas
ingly progressing under the superlntendcnce c
s. F. Belknap, Esq, and we cannot doubt bu
the Sullivan Railroad will be ready for operatio
as soon if not before ats sister, the Cheshire Ran
road.
OGDENsBuRGH RAILRoAD.-Speaking of thj
road the Rochester Democrat remarks:
Rochester is directly interested IN this worl
and will watch its progress with deep concern
1t will open safe and direct communicative
with Boston, and greatly increase our trade
Breadstutfs. The grain brought to this port froi
the West by propellers and schooners will b
ground into flour at the new mills, which, by tn
time the road is completed, will be erected
the Lower Falls, and conveyed thence to o.
densburgh From that place it will find its wa
to Boston by railroad. There is now vacant bt
tween the Lower Falls and the Steamboat Lane
ing sufficient water power TO manufacture 1000
600 barrels of flour year. The Ogdensburg
road will bring portion OF this into requisite
Immediately. Here Is a new field OF enerpri'
for our citizens, which should engage their a
tention without delay"