Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1847-07-08
RAILROADS,

RAILROADS.
We copy the following from the last financial
article of the Boston Post;
A movement is making toward Peterboro' from
Townsend, the present terminus of branch road
from Fitchburg at Groton, and the extension of
Name Railroad from Lawrence through Derry
10 Manchester, has been chartered by New Hamp-
shire legislature. The former may, if extended
to Charestown, N. H., cut off some travel from
the Cheshire, and the latter will undoubtedly
draw hard upon travel now enjoyed by Lowell,
Nashua and Concord railroads Its friends say
''ere is no doubt Of the requisite means being
obtained and immediate action had upon it,
That formidable cut near Fitchburg was com
pleted last week, so far as TO admit the running
of cars through it to Ashburnham. The open
ing TO Athol is expected very soon and the pros
poets of Vermont and Massachusetts railroad
brighten after long delays and depression of It's
stock by sales of disheartened stockholders. 1t
was extremely unfortunate that some arrange
ment could not have been made to avert the loss
of time, money and distance incurred by loss of
Winchendon route Both the Cheshire and this
road might have used common trunk line up to
Winchendon and thus saved large expenditure
for a second line across the summit. This mis-
take seems now generally admitted by all who
regard attentively the cmbarrassments and los
scs forced upon the Vermont and Massachusetts
railroad by legislative action, instead of fostering
n line Of communication with Vermont and Yves.
tern Massachusetts, so eminently adapted TO pro-
mote the best interests Of this State. Reason
has resumed her sway, and the decision of that
committee who in 1876 decreed the making Of
two railroads through a difficult country, when
one would have answered much better, is now
generally reversed by impartial judges.
The Cheshire pays in August interest on as
sessments from date OF payment. With this div
iGend the stock brings par. The Central is
worth 80 besides its interest payment OF last win
Ter, and eager purchasers await the large sale
for non-payment of assessments to obtain lot
for investment. Vermont and Massachusetts is
North 81 and tends upwards as the certainty that
new stock will not be made is made known.
A determination to push the Ogdensburg rail-
road through with all practical haste, appears
TO prevail with its directors and stockholders In
advertng to subscriptions for this st )ck, il should
have been stated that $4,000 were taken by
Mr.. Ste'son, of Brdgewater, for himself and
friends, which liberal slice filed up the requisite
S2,OOO,C00 Mr.. A. Lawrence took $4,000, and
= Mr. Foster of the Fitchburg railroad, with ma
ny other cnterprslng capitalists, took mold of the
great work Of filling the subscription list with
vigor and tact that insured success.
Ten shares of the Vermont Central stock solt
at the brokers' board in Boston on Saturday
brought %; and on the same day 500 shares o
delinquent stockholders, sold at auction by order
Of the Directors, brought from 95 TO So. AS no
payments had been made on the latter stock, nc
interest was due: the sale was therefore equal
to from 81 to 90 for full paid stock-ndcating
high degree of confidence, and probable ad.
vance in a short period TO par at least
RUTLAND AND WHIrEHALL.-Wc have al
ready copied from me Rutland Herald notice
of survey for railroad from Rutland to Fort
Ann, N. y; and now it seems, from the Herald
of the Both ut that another line is suggested
with energetic supporters-thus promising Q
smart contest. The last line indicated is from
Rutland via Castleton and Fairhaven to White
hall, N. Y. meeting of friends of this route
was holden on the 23d of June, and Messrs. A
w. Hyde, Robert Pierpoint, WIN. Y. Ripley, 10
ecph Perkins, Smith Sherman, VIM. G. K,tredge
and A. Ii. Griswold were appointed commission
ers TO provide for surveys and procure charter
Mr.. Griswold resides at Whitehall 3; all the 9th
or gentlemen are citizens of Rutland county
and are leading men in that section of Vermont
IT we mistake not, their route was the earlies
ever suggested fer railroad in Western Yer
mont
GRAND JUNCTION RAILwAY.-Ths is a roa,
round Boston, connecting all the important road
centering at that city, so as 10 transport freigh
intended for expectation to deep water at Eas
Boston, and save the expense of carriage. 1t il
important to all the railroads, as well as to thu
shipping interest, and the stock has already beef
secured and an assessment of 25 per cent. or
dered. S. S. Lewis, Esq, of Boston, we believe
is entitled to the credit of this project.