The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1851-04-09
Rutland and Burlington Railroad.

Rutland and Burlington Railroad.
We are erafified 10 learn that partial
agreement has been made by the directors
o. the road with the Vermont Central and
Canadu roads, so far that they have mn.
lually agreed to establish an identical tariff
OF prices for freight and passengers be-
tween Burlington ahd Rouse's Point. Its
likewise agreed tina. the two roads shall be
connected AT Burlington by the immediate
construction Of a track from one road 10 the
o,hcr, so that an interchange Of passengers
Or freight may be made without The trouble
and expense III lranshipmcni. This is AN
important point gained by both companies,
aud may lead eventually, as we hope. TO an
amicabe agreement between them, that
will be satisfactory and profitable TO both.
We are likewise informed thai the nmnc.
titn issued restraining the Rutland and
Burlington Company from proceeding in |
the construction OF the extension to Swan |
ton, has been Withdrawn BY the cnioiuinp
Judge and that in lnct there now exists
legal restraint upon the Company from pro
ceeding in the construction rs proposed
Whether they will Immediately proceed or
not we do not know, bu; there s a very
strong disposition on the part OF the coun.
try shareholders TO build The road without
loss of time. The Rutland Company will
not feel satisfied with being cut oil from
connection with Rouse's Point, Tor tall four
months of the year, by the freezing of the
Lake, and when the Lake is open they will
not feel like giving up that channel Of bus
mess to other parties. And then again, the
Central or Canada Company, furnishing
railway connections, as may be done To the
Rutland, do not like the surrehder of the
facli les Of their road to the other Company
in winter, ard still he subject 10 the compe-
tition Of Lake navigation in The summer
| season. The feeling is Il natural one, on
the part Of The Canada Company, aud in
perfcctiny some equitable arrangement,
each party will have 10 give up something.
| The question is,-what, and how much,
shall each Company give up Tor praces
sake2 We can find no easier method oil
settling this question than by The arhi,ra-
| ton of unbiased and Indifferent parties
There are n great many collateral points
To he discussed III the equitable arrange
mcni of the differences oi these roads
which any one familiar with the details will
necessarily uuders and. hu, which We have
M room to discuss. II The oonneClo viii
the Rutland 10 The Canada road could be
made al Burlington, with favorable
grade. Il JOINT lease might settle tie diff
Guilty, because there is very llIic doubt iha
the profits pi the Cdnada road would pay
it's cishI per cent. lease, and still hav,
something over to divide fairly between III,
two companies, especially ii both were in
terested in the amount OF business they
brought over it. But This does not protec
the Central and perhaps the Rutland a
gains, the Lake competition in summer, an,
the reiore the former company " oud iesir
some saving clause from that harm.
we are certain Of one thing, and that is
that 10th Of these companies will consul
their better Interests by an early and cqui
,nhle or,nnr menl of the difficulty. II III
Rutland extend thelr road to Swanion the
can only do so by the expenditure OF larg
amount in construction anu an ahs'incnc
from dividends for no little time. and IN
Central, though gaining an advantage owe
the Rutland for the period of constructing
ile extension road, would In The cad find
"A most powerful rival, and finally they boil
would have TO come TO terms TO peolcc
themselves from the consequence Of rivalry
Now, 10 our mind il would he better 10 saw
this large expenditure Of money for con
, struction ami put an END 10 conflict Iha
+ eau result in nothing but harm 10 The PAT
ties themselves. Why not try what arb
,ration can eiiecl2 The financial posilio
of the Rutland road is thus stated by III
T Courier, aud no doubt the statement is es
: senlially true -
4 This FIRST class and highly imporiar
line OF INSTRUMENTATION, extending iroi
Bellows Falls TO Burlinsion-a distance {
I20 miles-is now fully completed, an
, amply equipped with cars and engines
, transact The immense local and ihroug
4. traffic which il VAS constructed 10 accou
h modaie. The whole amount Of capt.
/, paid in by the stockholders on % 900 share
: at 500 each, is 81. 100000. The comPar
= owes 81 100000 in six per cent. bonds, d.
Y in fro one to five years, and an unluudt
: debt Of 100000 making the total cos,
z the whole property S4,0O0,00O, which
II within the original estimate. The Leg
l. laure OF Vermont, al liz last session, n
!, ,horiZeG The corporation TO make MOI
e gage OF the property, and issue bonds bea
ing seven per cent. interest, payable sen
annually, on the LIST Of February aud LIST
II August OF each year. This mortgage
h not 10 eAceed 81 800 900, is payable
|. Twelve years, and is not 10 increase lie Ii
IN bilities, but is TO pay The common bonds
they mature, and !iqiidate the small flo,
ing debt. The mortgage has recently DE
y completed, and the conditions compli
r. with. The trustees are Franklin Hay
10 and Samuel Hooper, Esqrs.. OF this CT
IN The directors have decided 10 dispose
ne hall million OF dollars in these bonds
,g pay oil the floating debt, and that porli
- oil The old bonds which fall due 10 1851 a
= 1852. There can hardly he a better
safer investment lhao these seven per ce
mortgage bonds al par. The CORPORATE
70 owns large aad valuable tracts OF land
10 the city OF Burlington, and other plat
along The line OF the road. Although
road, until nov, has not beeh in full ope
We ton, il earned last year, expenses, repa
X, interest, and one per cent. upon The shaI
he As soon as The lake navigation is open
ID, business of the line will undoubtedly
We crease rapidly and there is good reasof
Ii. believe that a satisfactory dividend Of en-
H., ings will he paid 10 the stockholders wit
nc The present year. The corporation, ir
nc the Outset, has been fortunate in secur
N, and retaining an excellent Board Of
IN rectors, who command The confidence 1
IT. respect of the public. -Raiirdy IYplrs
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