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

THE Directors had run the ship on one tack I'M
. iii the breakers were close under her bows
They had ordered her to be put about, ane
before the sails filled she rolled awfully, and ma
nv oc the landsmen were terribly sick; but lei
1.-The breeze take her, and she will be IN deep wa
Ter and out of danger IN an instant
Mr.. Quincy's remarks were listened to with
great attention. and he was frequently interrupt
ed BY loud applause.
Gov. Paine of VT. the President of the road
next addressed the meeting. He said he came
before them out of health, but he thought it his
duty to come forward once more, and bear his
testimony in favor of the enterprise. His conf
dence in its ultimate success was undIminished.
He had, during his connection with the road,
been mistaken in one thing. He had said that
the stock of the road would never have to be Is
sued for less than fifty dollars share: that 1t
should not be issued for less sum, unless we
,were directed to do il by the Stockholders. Hs
had, in this point, been mistaken. He did not
believe it would be necessary, but IT was done
IN :his instance to save the property OF the Stock
holders from ruin and loss. Ii IN doing this he
had sacrificed only himself, he should feel con
! tent.
! Mr. Campbell, the Engineer of the Canada
road. next spoke.
Condemnation are well aware that your
Company
short period. which your Directors propose TO
raise By an issue of stock 10 the present share
holders, at $50 per share, payable in SIX month";
ly instruments. A large portion OF this sum has
been expended within the past eight months,
with your knowledge and consent, IN construct
ing your road from Mortified TO Burlington; it
includes about 5000 900, which is required tor
its final completion. The rails have been laid
and the road is IN operation % point within
about one and half miles OF It's termination, on
Lake Chanpain, in the town of Burlington, winch
portion wall probably be finished by the tirst to
the middle of June next. This debt exists, and
must be paid. 1t is for YOU 10 determine whether
you will protect your interests, and save y'ur
property, by taking this stock, or permit new
parties 10 secure 1t at a greatly deprecated puce,
at the moment OF the completion and hnal sue
cess of the road You possess railroad OF no
miles in length, equal, IN peImanence OF con-
struction. TO the best in New England. On the
east side Of Vermont 1t torms JUNCTION III Con-
neciicut River Valley, with the two great routes
to Boston, BY way of the Northern, Concord, and
Lowell rairoads, and the Sullivan, Cheshire, and
Fnchburg railroads also with the southern line,
extending down Connecticut River Valley to
Long Island Sound and New York Ga the
west it terminates on Lake Champlaln at Bur
llngton. At point seven miles east oil burning
ion it connects with the Vermont and canada
railroad, (now in co;structlon) winch iorms
connecting link with the Ogden> burg railroad,
at Rouse's point. and the Province Lire railroad,
leading also from Rouse's pon, to St. Johns,
Canada, where il unilcs with the present ran
road from ST. Johns 20 i-aprarie, on the 81 Law
renee River, opposite to Montreal. Your road
has been constructed in the most perm nent and
subs ami al manner. Every depot, except at In
lington, is IN sh d. IN reference cost, il Goa
pares tayorably with other roads in New En',-
Ian Of similar character, as may be proved, by
refere zee to the following facts, taken from re
ports recently published by authority of the lie
glsiature Of Al ASA chusells. In this comparison
1 assume that the Vermont Central railroad will
cost, flushed and properly furnished, $780, 900