Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1848-01-21
,rD7 1VcTON FREE PRESS FRIDAY MORNING. JANUARY 81,
The Rutland and Burlington tniiiOad.


The Rutland and Burlington ltaiiioad.
We have been kindly furnished with the Re-
port of the Directors of tie Rutland and Bur-
lington Railroand Company, submitted to the
stockholders at their Annual Meeting, at Rnt-
land, on the 18th inst, which we subloin. We
congratulate the Stockholders and the public on
the favorable exhibition it presents of the condi
ton and prospects of this great work, whose ear
ly completion (of which there can be no reason
able doubt,) promises such beneficial results up
on the prosperity of the rich section of our State
which it will open to the Atlantic Markets, as
well as upon that of the State at large
We learn that the Board of Directors, and the |
Officers of the Company, were reelected with
entire unanmity, and that the work of construc-
ton will be prosecuted with increased activity
and vigor
The accompanying Report Of Mr. SWIFT, the
Treasurer presents the financial condition of
the Company in very satisfactory manner. II
will be perceived that, adding the amount Of
stock (about S75O,OOO) held by constructing,
and other contractors, on which assessments
are of course not paid, the total amount falls but
few thousands short of the entire capital of the
Company.
Believing Burlington TO be deeply interested
in the successful prosecution of this noble en-
terprisc, we again congratulate our citizens in
view of the subjoned clear and busincss-ike
presentation of its favorable condition and pros
poets.
REPORT OF TIE DIRECTORS,
OF the Rutland and Burlington Railroad
Company, made to the stockholders at
their ANNUAL Meeting held mt Rutland,
Jan. IL, 1913.
The act incorporating the Chnmpain and Connec-
ticut river Rarond Company makes provision for
detailed report, to the stockholders even to the Lee
gisaturc of the proceedings of the corporation, then
receipts and expenditures, except through commit
OF the Legislature specially appointed for that pnr
pose 1t is believed, nevertheless, that the prescn
occasion may be fairly improved, to present to TIN
large assembInge of Stockholders summary, at least
of the proceedings OF their Directors during the pas
year, with a statement from the Treasurer of the cor
poraton showing its past receipts and disbursements
and our present fiscal condition.
| The enterprise in which we are engaged, gentlemen
is one of great interest and importance, not only t
u.s. its stockholders, Il the immediate region of counr
through which the road passes, but to the whole stat
of Vermont, to Boston, TO New England and to Ne,
York. A country fertile in the productions OF ngr
culture and rich in minerals to an unparalleled extcn
is penetrated by this road, and rendered accessible
all seasons of the year. BY it the markets OF the A.
antc brought to our doors, and over it, the trad
, | and travel of the mighty West and Canada will fin
l. their outlet to all our great cities and towns.
1t is the purpose OF the Directors to recapitula
i the emharrassnents and difficulties which bcsct til
l. enterprise in its early stages. TO extent the
might perhaps have been nationally anticipated, il
" cident to all raroad undertakings But you cann
e fail to remember how often and how seriously the e.
isencc of this project was threatened and pcrilled
its great merits alone are we indebted Tor the chccrl
10 prospects now before Those prospects Justify Il
anticipation of an early completion OF great wor
u n completion, too, according TO our original dcsig
If connecting the river and the lake, and within the G.
tnates furnished by our Chief Engineer, upon his pr
- minary survey.
If 1t will be recocctcd that in January, 1871 the
rec,ors accepted the proposals OF party, for the gr
Is ding, masonry, bridging, supcrstructure and laying
n, Iron rails, on the Burlington division OF the road,
tending from Burlington to Brandon, distance
r. about 81 l-3 miles The party alluded to failed
w into written contract though called upon for tn
> purpose, to commence the work as agreed--wher
e. upon the Directors, regarding the matter an aba
Nv donmen about the first OF May, 1917, procee
ed TO relet that Division OF the road which they We
or enabled to do TO a company of contractors on equa
of favorable terms. The work thereafter INN
" diaely commenced, and has been prosecuted sin,
with much energy as seemed to be required TO sect
ly its completion within the season oil 1913.
The grading and masonry on that part OF the Ii
- extending from Bellows Falls M to- and including
in January, 1917. On this division oi the road pc
IL ton Of the work has been interrupted, aud in one
IN stance suspended for few weeks, by the failure
abandonment of the contractors. This portion has hc
nc reict, aud the whole is IN the hands OF parties
whom the Directors confidently rely Or as early a co
pleon OF the work as the nature OF The country a
ty the obstacles 10 be overcome, will Justify or permit.
IL In June, 1917 the directors put under contract
ot balance Of the whole line, being the Rutland divlsl
N. extending from the western slope OF the summit
H. Mount Holly, 10 the village OF BRANDON Some OF
o. work, and the same has been recl to others; with
ch exception OF few light sections which do not
nd quirc immediate attention, and winch can be sa
rlt postponed TO the opening Ot another spring.
ut From the foregoing statement you VIII perceive II
the whole line OF road has been placed, during the y,
IN lsi, and nor is, with very slight and nnp9rtd
Ter execution, under contract-1he rates AT which q
De work has been undertaken are generally very tavo
he BILE, and the contractors are men OF experience a
m ability portion OF the road between Burngt
he and Rutland and between Bellows Falls and Ludo
oh in all over 90 miles, will it is confidently believed
in readiness Tor the cars, by the first day OF Janua
1t 1919, and the remainder al a somewhat later peri
he during the same year.
SITS 1t has thus far been the policy OF the Board, To NJ
py the work OF grading only on sections where u al
,rs amount Oi excavation or embarrassment was To be
he counered sections less Formidable and requiring
IN time to complete, haye been generally postponed
intending thereby To perfect, as near as possible nj
bo same nionent, long and uninterrupted portions OF
nv line, without unnecessary loss OF interest. lin
er lighter sections will be commenced AS early in the
10 | preaching spring, as the weather and season
permit
So proposition from contractor of great cXpcrcn
- to construct the bridges on the Bellows Falls, Moi
~ Holly and Rutland divisions, has been made and
on cepted These structures, Indispensable to the :
81 running of the road and necessarily 50 expense
"u have engaged the careful attention OF the board
he they have sought the bes, lights OF experience aud
ence to guide them to correct result. The " lilo
SIS plan" called, has received their appreciation,
vi been adopted.
49, On the 18th of Jan, lsi7 the Directors entered
'"o to a contract with extensive IRON manufacturer
ra- Boston, for the rails sufficient tor the whole road
;, terms which, at the time were regarded as hlg
30 favorable to the Corporation lie has recently b
M compelled to yield to severe pressure IN the MOI
market. Previous to which. however, and with
icy concurrence and ASSENT he was released from the
MS, livery OF the first two thousand tons OF these rails,
' the same quantity has been contracted for, OF Eng
rs manufacture, and at rates more favorable than
or been stipulated for in the original contract Our int
VI ess with regard to the balance Of the contract,
N" more especially contded to the Gentlemen OF our DO
oil; resident at Boston, whose watchiu care will be alw
u" directed to the subject, and through whose agency
the instrumentay We have reason To hope Tor an ca
,,,s and satisfactory adjustment of the subject
nc The board take much pleasure IN beng able to 81
iir that for the cast work required in the construct
ms OF the road, and Tor its car furniture, We shall not