Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1847-01-21
Central Rail Road.

Mr.. EDITOR-SIR: Some remarks in your paper
and those in the Patriot, few weeks since upon the
Central Rail Road have led me to some reflections on
tho subject, few of which have written out in hopes
you will give them place in your paper; and espe-
cialy, since have been compelled to meet this cold
winter weather with all its inconvenience. Ihave Of
ten been led to contrast situation the present
time with what it will be when we shall enjoy the ad-
vantagcs and comforts, that "a Rail Road will bring
along with it; when step from doors into a
car, throw off our overcoas, regardless of the
winter blasts that may continually be pressing for ad
mittanae; and after few hours of social chat, with
those chance to meet we find ourselves hundreds
Of miles from our homes receiving the hearty welcome
of our friends.
But, before going too far, we stop to enquire when
these things are to be realized by the people Of Yer
mont? ! answer very soon, if there is no mistake
about the matter; for learn that the whole business
is IN the heioh of prosperity moving rapidly forward
to final complyton.-That the company have formed
advantageous and satisfactory arrangements with DIFF
ierent Rail Roads, leading from this to Boston, the
grand centre Of Rail Roads. And, that one fifth Of
the whole grading is done, and the whole is under CON
troct-one half to be completed in less than a year
from this time; and the company have established for
themselves good reputation whereby they are ena-
bcd to make advantageous contracts for rails, urni
ture &C., for the road; and also an expected change
in the location TINT Montpelier may be gatcd; all of
which, the friends of the road must look upon favora-
bly,, especially the stockholders when they take into
consideration the advanced state of the road the great
progress made in grading, and the fatcring pros
pect of an early compleon and all this accomplished
with so small an amount of money For we learn that
there was report made to the Legislature on the sixth
Of October last, that there had been paid in from all
sources, about S377,00 and much of this had been
paid out for Surveying, Turnpkes, Land Damages In
cdental expenses, sc. And 20 miles of the grading
was nearly completed at that times and from the report
in connection with circular issued by the Treasurer
of said company thai nearly three fourths of the sub
scrbcrs are standing back neglccting or refusing to
pay their assessments.
For | find that there was about 2O,5C0 shares sub
scrbed for and about 1000 who never paid any part
Of their assessments which would leave 1880 who
have paid something. Now, if these have paid only
SIS per share which the amount of the first and low
est assessment, it would make 92,500--and suppose
only $4,000 to have been paid in at that time, over
and above assessments, which added, would make
1850, and this taken from the 1877 COO, would leave
$259500, which would be the amount assessed at that
time on $50 shares after taking out the SIS paid
the first assessment which is little more than one
quarter of the shares subscribed Now, if the $50
shares continued to pay to the full amount remaining,
up to the 800 per share that u.s. S45 per share more,
it gives an additional sum of $233550 which would
increase the funds to 5000 550Under these peculiar
if all these non-paying and part-payng
subscribers could be induced to pay their assessments
and thus give timely relief to those who have paid,
would it not be sufficient for all purposes necessary
for the building of the road? But know that these
subscribers have many and different reasons
for not paying their observation-disclosures say that the
road is not located where it should bc-othes say that
the value of the stock deprecated much by the prob
ability that the Passumpsic and Rutland roads will be
built and yet there are others who have lack of con-
fdence in those who have the control of the business
The first objection vanishes, when we find them sur
yeyng in all directions, with apparent willingness to
locate it where it will please everybody, provided,
does not conflict with some settled pocy.) Secondly,
if these roads built the light cost of the Central
will still make good investments should the
other objection be INDUCED, when we take view of
the present condition ofthe road-one fifth ofthe whole
grading nc-Engineers paid, large amount ofand
damages settled confidence established abroad-lo-
cal difficulties adjusted, and every thing connected
with tho road in the most prosperous condition?
/. boeh aop or aacilv possad
over; even the barriers which nature has nterposed
have been compelled to give way, and then to look up