Rutland County herald. [volume] (Rutland, Vt.) 1848-1850, 1848-06-14

company Being ohiiyed 70 leave the city
during iis pendency, len my views ep the
subject IN writing with the two friends vhh
whcm was acting. They we're - fellows
You are aware Of the fundsmeo,al be-
sis, on which 1 have eonverssd wah your
selves and other grnilencn on the subi-ei Of
pfono,iag The plses Of The Harlem Rail
Road Company IN ssising fsnds for es'en- !
ding thst TOAD. 90 - 10 esgabiish . eoonec. |
lion with The Houss,onie road, via That
q clear ADD bosa hde angemeni shall be
made 10 pu, al res, the idea ofrx,endine the
flsrlcm road TO Albany on The ptoi-c,oi
route through The interior Of Columbia and
Rensselaer, counties. That course openly
svowcd and declared, will. in my judgmen',
be mos, beneHeisl to the Harlem Company
and ] believe The public oil be grs,i6od
asd bene6i,rd by the prospcei oil having
temporary though eircilous communication
With Albany at an early day, while the
River Road cannot be properly 6oished IN
Ices than three years aflcr il is commenced.
Still further advantages will be derived
from hatmonixiog Railroad efforts for the
city. and The merits Of the river route will
stand a chance Of being more candidIy M
vestigaled. Since | have given my aiien-
ton to railroads, have como TO the con-
elusloo land invariably given that opiainn)
that this connection with the valley Of The
Housaionie, and With the road 10 New Hs.
ven on the shores OF the Sound, are the on
Iy natural and legitimate sources OF busi-
mss for the Harlem Road, which might
more properly be called The Eastern Rail
| Road OF New York" and when pot ia good
busiu'ss order. | feel persuaded il will pay
! good dividends, on the irs, cos, Of the road
the temporary Albany winter business on
| il, I'LL the river road can be built, will be so
much 10 addition TO It's regular income, and
perhaps restore lis stock 10 par value
With these views, and on the condition
that conclusive obligatory arrangement is
made for terminating the Harlem 10 con-
nection with the Housatonic Road, and on
the substantial terms OF the memoranda m
submitted yesterday, am willing thai you
should engage for me twenty-five thousand
dollars Of the bonds, If you both couclnde
10 make Arrangements Nilh the Harlem Co.
do not wish to take any stock nor can |
be a director or commissioned"
The ncso iation failed. The following
winter the business Public Listened to the
claims OF The Hudson River Road on their
suppou---,he subscription was triumphant
ly secured, and from that time have con-
sidered the two works no longer noiagonis-
, tic, viewing the completion OF the subscrip,
ton for The stock oil the Hudson Rivei
Railroad as finally settling the question as
10 which WI, he best and proper route for
n Road from New York 10 Albany Sine,
then | have participated in The general te'
grei ,ha, our eastern thorouehtare was 90
better provided for in this respect, and
! was grntified when the plan which was a 9
i,aled in 1916, excepting g per cent, prefer
red stock being substituted for seven pc
. cen, bonds. came before the public undo
new auspices When applied to by ,w,
{ friends in the revised Direction to aid il
filling the subscription TO the preferred
stock, at first hesita,ed, from other cause
than an indlsposilion to aid in the work, bii
inalIy on tho principle Of reciprocity, con
- cludcd to take the same amount olthcir PIE
f ieTrod stock which each OF the genileme
q alluded TO, had on my personal solicitation
subscribed to the Hudson River Road, whe
= the advocates Of that work were few an
q difficult 10 be found | had occasion 10 nt
Il dress these gentlemen a note on the subjec
i an extract from which will further eSplai
nv motives for subscribing, viz
"My object in subscribing is solely |
= aid 10 putting ihi, road under sound bnsine;
., management for the Eastern and Mort
$ Eastern business, and wish we could {
"A waken our fellow citizens more geoorall
to the advantages to be derived pecunisril
as we'll as olte wise by more caref
conservative management Of ih' Sc iron ar,
ries OF the eiiy am satisfied there is {
y snfer invesimentIhsu in stocks Of we'll ina
aged railways on the natural thorough fare
connected with the Guy, and none mo
worthy OF the personal attention and efor
y Of orr contemporaries who have leisure al
: means, and disposition 10 promote The &c
:, erai welfare
:" IL take il for granted lha, the locality
" Dover Plains (oI connection rom hen
Y with the road on the Housaionic) is, us
TO be inferred from your proposals, the i
Ga ended Northern terminus Of your road"
o. do not Tor a moment sappose that I
ia her ofthe friends no took my subscrip,i
a. had in view, II they sanctioned The pub
ne use Of my name, any motives Of hostility
the Hudson River Railroad, but il has !
en- frequently been reported TO me, that !.
a been used in the lsuer way by others,
Ell me 10 refrain longer from placing II 10
to tue light. and thc msoy friends who ha
he expressed 10 ma Ties surprise nj the ocer
J renee, now learn he extent OF my adhfsi
10 the Harlem and desetion OF the Hubs
m River Rallroal Company
IN hope and lrusI that The Harlem Raiirc
on Company will, under us reeentY organi'
hel and higAly respectable Difec ion, cease
lts -. -. t.,,sr a tnruhus and hlfeht