Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1850-04-04

Average cost, per mile. $40, 400.
Vermont Central Railroad at cost Of So
500,O00, complete, including furniture, ll6 miles
long, say 47.l00 per mile.
BY a contract made between the Vermont
Central Railroad Company, and the Vernon,
and Canada Railroad Company, the former Com
pany have agreed to lease the read of the latter
al per cent. on its cost.
rhls may be regarded by some as a bad bar
gain for the Central Company. It is not so.-
The Vermont and Canada road is - 6} 100
miles in length. Il is under contract and rapidly
advancing to completion. The grading and
bridging is now one-ihrd completed, AMI all re-
CURED ina erals for lis completion have been de-
hvered. The cross-,es nave been procued. the
iron already In bond, and large force is row
employed on every part of the route. The first
tea miles Of this road to Milton will De opened
on the LIST of july. To ST. Adams, 81 miles,
on the ist Of August, aud 10 Rouse's Point IN all
October nexr. The entire cost of this line will
not exceed S600000. The Province line rail-
road from Rouses Point TO S.. johns viii be
put under construction within one month from
this date. l. viii be % miles in length, with Il
dead level grade from end to end, crossing only
two ravines il its whole length, except which
there Is no cut or embankment on II over four
feet In depth. The entire road will be finished
for a sum not exceeding S:}25 COO. II viii re-
qulre no furniture, as 1t will be operated by the
ST. Johns aud Llprare Railroad Co.
Ii will be observed by the above that tie YER
mont Central Railroad Line is main link in
great chain lending to the West and Northwest
from Boston connecting the Great LIKES, with
their thousands Of mics ofcolst, rich
in soil and mineral productions, with populous,
prosperous and growing cities.
In grade, the Vermont Central line possesses
a decided advantage over any other line leading
from the LIKES 10 the Atlantic. The efficient
power of locomotive engines upon 1t being 80
per cent, greater than by the Rutland line, and
IL per cent. greater Than by the Western line
from Albany. II, with these advantages in pos
session and prospect, the present Stockholders
feel disposed TO sacrifice their property and per-
init their road to fall into hands, the fault
choice rests with them. Their hands have been
put TO the plough, and II is too late TO look back.
can only add, that a stakeholder to the ex-
tent of my means, AN prepared to sustain the
Directors by subscriptions 10 new stock, III tull
confidence OF a rlch return. 1t may not be I'm
proper to say, that charter has been obtained
for the construction of railroad from Toronto,
on Lake Ontario, 10 Peaetangu'shue, port on
Georgian Bay, passing over favorable route OF
only so miles in length, and securing a direct
route from Boston, BY railroad and steamboat,
through lake Superior to the Copper regions,
and 10 point further West than the capitals OF
Missouri, Arka nsas, or any of he present West
err States. This route TO Lake Superior Will
avoid the navigation of part of Lake Ontario,
the whole OF Luke Erie Lake ST. Clair, and
Lake Huron, amounting TO a reduction of dis
lance to the copper regions of near one thousand
miles.
Mr.. Quincy arose when Mr.. Campbell sat
down, and said that they had often heard that the
"Campbcli's we're conIing;" from what we had
Just heard the meeting would feel sure that
the " Campbell had come" Great laughter.
Mr.. Quincy said that The terms of payment tor
the new stock were five dollars on the 18th OF
April, and FIVE dollars on the 18th of each fol-
lowing month, I'LL il was all paid int
The meeting voted unanimously TO adopt the
pan proposed by the Directors and Treasurer,
and approve the course which they had taken.
The following gentlemen were appointed COM
m,tee to solicit subscriptions to The new stock {:
Daniel F. Child, B. P. Cheney, J. P. Putnam,
II. R. Campbell, ]. C. Dunn, James Ellison, j.
E. Thayer, J. c. Howe. T. c. Leeds, Silas
Pierce, Samuel ToplIfi, c. o. Whltnore.
r. G. Shaw, Sas PIERCE, and President
Wheeler, were appointed committee TO exam
inc the books alter the subscriptions were all
in, and 10 announce the fact to the public.
Mr.. BENZ. T. Reed of this city, next address,
ed the meeting. Mr.. Reed is stakeholder In
the Vermont Central and also in the Rutland
road. He said they had been held up as sntag-
onistic or rival CO, poralions. He did not consd-
er them in that light. When finished, there
would be business enough for both. He was
glad to learn that MIR. Quincy had taken three
thousand shares of The new stock, and he had
learned that Robert G. Shaw has taken thou
Two others q lie built.
This has been modified. Notice Of the will be given.