Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1851-03-07
DAILY FREE PRESS MARCH 3, 1851
The Extension Railroad.

All O0StructlOns WOu.u seem 10 ne removed |
from the almost instant commencement of the |
work. 1t has heretofore been subjected to a
thorough instrumental survey, OF approted ac-
curacy, and The estimates OF its cost something |
less than $4,000 we believe) have been made
on the most liberal scale Of cacu,ation It, |
length will be abont 80 miles, lis grades and
curves are Of the easiest characterIfor acorhing
Road, and it will unquestionably form an IN
portan 1--WE think an indiSpensaJie,) link in
Great Chain of Railroad Communication which
is for all time TO connect the immense Com
nerce Of the Western Lakes and OF Canada,
with the Markets of the Atlantic. And to
crown the series of favorable circumstances we
have mentioned, we think we are at liberty to
say, that tue iudiclous determination adopted by
the Board of Directors Of the Rutland & Bur-
linnton Road, few days since, in Boston, can
not fail to secure the required funds for the
construction of the work. After full deiiber
alton. the Board resolved to issue an amotnt, nat
exceeding 100000, Of PRErERRED STocK, at
ten or tioeniy gears, interest on wtich is GUAR
AyrIED, Of course, bgthe Company, at per cent.
The following are the Resolutions adopted:
"Res,lr,d, Th1t per cent Stock. guaranteed
"tor ten Nv MY years, at the option OF the
subscribers, he issued to the amount O $500 800,
e tor building the Extension ct tn iirl,rold, from
Burlington 10 Syvauion.- ProriGcd Thu ojJI 600
shall he si sctlocd before the construction shall be
commenced.
"Rcs,lreA. That as soon as the subscription of
Stock, Is contemplated IA ne foregoing r'so "tIon
" BE- ccompIi-acd, the sud hVrnsioA Road he put
" under Contract to be tIslrd at as carly day as
" pracllcah.e.'
Stock in such an enterprise, and on such
terms, cannot 20 a-brgeing. Long before
either of the periods named, ID or 20 years. no
sane man doubts, that this Road tthe Rutland
and BurIington) will be paying SIX per cent.
upon its cost. It's earnings, during the fr-t
wear of its existence, have been gerry materially
/ larger than were those. for the same period, of
the great Western Road between Boston and
/ Albany and the latter is SOW PAYING EIGHT
Pr CENT t. its Stockholders, besides annually
diminishing its State debt, and re,ervng large
surplus. And we may add, too, that, VITA It's
connections comp eed, the Rutland Road must
inevitably do a. large a business as tie Western
willie the Western COST AT LEAST 80 PER- cent,
more or some $50, 100 per mile! These are
facts worth remembering, and facts that VIII
INSPIRE businessmen with confidence.
-But independently of imperative rea
soning on the SUBJECT, it il at once evident that
the guaranty of the Rutland and Burlington
Company, in the premises, is, latrtaS~a.l&, en-
,irev sufficient. And so it will prove, We ven
ture to predict, IN the estimation Of that elias,
of shrewd business meG, Railroad Contract ors
We doubt not that wholly responsible Con'rac'
tors can be found to construct the Extension
Road, who will be wiling to receive ha., a
least, Of their pay in this preferred Stock.
but we have no desire, nor occasion, Il
arruc this matter to our readers. We will on
> Is say that we trust, and believe, that larg,
amount of this guaranteed Stock will be at one,
= taken in Burlington, and on the line of The Fix
: tension. Darlington certainly owes it 10 her
self--to her accurate appreciation OF the bene
fit, that are likely to result to her from the spec
Gy construction Of the road, and the bushes
disadvantages unueT Which SIlc HluSt CoHt'H"
TO labor if it be MT constructed, to place he
.oullcr generously aud vigorously to the vince
, Sne cannot, in decent sell-respect, stand by an
c see this important enterprise pushed torwar
without her ready and efficient help We mi,
! take the temper of our business men, if they ar
. willing TO receire contributions to her prospect
o ty, without evincing an equal willingness t
o contribute to secure them, for herself and 9th
. ers.
Shall we not have PUBLIC MEETING
o without delay? The time las arrived whe
- definite information and definite proposition
= can be submitted TO such a meeting, for It's az
; ton and approval. Hitherto, such has not bee
n the case. The great project is one that con
: mands the sympathy and favor of BurIingtc
- to surprising extent Of unanimity. And
- ought TO- Let us have Meeting, at any RAJ
ID and let the matter be DISCUSSED. If it has r;
he tiona| and honest opponents, they will be re
ie pectfully listened to iii, as we believe, it HI
nothing but friends, let them strengthen Il
r. hands and encourage the labors Of those WI
are aiming to increase in our midst the ell
menls of public prosrerry.