The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1852-02-04
For tho Middlebury Register.
Rutland e. Burlington Rail Road.

For trunk line Of Railway between the
city Of Montreal and the two great markets,
Boston and New York, the location of the
Rutland nnd Burlington Rail Road is MS
near right rs possible, it being on the most
direct route TO New-York. and also to Bos
ton. On the South we have the Saratoga
and Washington Rail Road, from White
hall, Saratoga and the West. Also, the Cas-
Teton, Salem aud Eagle Bridge II. r both
or which will communicate Win the Troy.
Hudson River and Harlem Rouds and the
Bennington Road is in direct lne, and
will connect with the llousa,onic Road
| all three leading TO the city of New York
| At the Eastern terminus you have the Yer
mont Valley, and Connecticut River Valley
Rail RoaJs, with Boston connecting lines.
While our road is thus found with good To-
cation with the several lines Of Railway lead
ing 10 the East, South and West. and good
local business, we are vel without any di-
rect communication 10 the Nor,h, or TO the
81. Lawrence which is the great natural
| highway from the interior oi our continent
10 the Ocean.
| Our road might MS well have terminated
At Middcbury or Nergennes, Shelburn, or
indeed any other place, as Burlington, so
far as regards getting large ";hrough
business" in passengers or freight. For
iransliipmcnt OF property is siudiouly a.
voi,lrd by business men.
The Vermont Central II. K. have sceur-
ell two connexions. by which the trade of the
ST. Lawrence can be reachcd--to vii, by the
Oglensbuigh X. II. and Rouse's Point and
Montreal X. r. 1t is almost impossible TO
secure freight passing between Canada and
the cities of Boston and New York, over
the Rutland and Burlington II. r., in the
Winter monihs, for the Vermont and Can
ada, or, properly speaking, The Termont Cen
rdi II. X. Co.. will not allow properly Ia
come from Ogdensbureh and Montreal aud
Rouse's Point over their Road TO Burlington.
AID then be iranshpped 10 the Rutland and
Burlington X. II. for Boston or New York.
In addition 10 the expense Of trsnshipment
from one Road 10 the other, we also have to
contend against discriminating prices for
! freight, between the ST. Lawrenre and Bur-
linglon. This present winter, between
Montreal and New York, passengers and
freight are constantly passing over the Ver-
mont Central and Connecticut River roads.
upon "Mrough tickets and Through way
LWs,' while not a single instance has yet
occurred of passengers having been ticket
cd between those two places over the Rut-
land and Burlington X. Il.
Ii is well understood that the Rutland is
much the shortest route. But the road ter
inmates al Burlington. j, continuing the
road north to the Province Zine, nj Highgate
and forming direct railway communca
ton East side of Lake Champlain TO Mon.
, treal, and crossing the River Richelieu a,
the foot Of navigation, instead of making two
different crossings OF the navigable Lake
| ,vn ta~ linn Of ratl.v,v hot all La, ~
tween thirty and thirty six miles shorter be.
tween Boston and Montreal, than the vi
Central route, and we reach the ST. Law
renee, a, Montreal. by line of Railway u
bout one hundred miles shorter Than at Or
densburgh. Vessels from Chicago. Deiroi
aud Cleveland, cen carry flour rs cheaI
: ITO Montreal MS to Osdensburgh, for the,
, receive at Montreal, from British ships an,
home port vessels, return careocs Of Iron
> Salt, Fish. aud other merchandise that can
. not he procured at Ogdensburgh or at an,
other Intermediate port. These & many OH
or considerations should induce The II ullan,
, and Burlington II. r. Co. to complete ihei
line of railway to the Province line.
A great portion of the most wealthy bu
sincss men in Montreal, and all along ih,
line 10 Swanton, are in ia,o. of making
connection with other roads. If this is de
ierred, the conncxion will be male with ih
S Central road and thereby we shall loso
. large amount OF freight and passengers, tina
would pass over our road.
1t is our duty first TO raise the credit O
the Rutland Road by paying of The iloatin,
debt of about SS97,400. The interest on lhi
debt is about IL per cent, enough 10 pay Il
the original stockholders u per cent. on tn
whole stock OF 1900 shares.
At n stockholders mcctn: held at Below
Falls, on the l7h December last, it was vo
ted to create, and issue to Stockholders
seventeen thousand five hundred shares O
: new Stockton the purpose Of paying OIL lh
floating debt, aud the bonded debt, now rap
idly maturing. I he conditions are, lha, ey
= cry slockhohler shall be entitled 10 subscrh
! for many shares OF new stock rs h, hold
6 | of old stock, with reasonable time to pa
for the new Stock. and then. upon :, surrru
der Of the old stock, new certificates shall h
given; making bo'h the old and new >tpc
Preferred Stock. After pay ing the Interest o
p the Old preferred per cent. stock Of $500
700, and the Incidental expense, Of he roat
the earnings Of the road are dyed Tor H.
!. payment oi the semi annual div,drnds fr,
:. upon the eight per cent. slock--thcn upu
the aforesaid six per cent stock, and acr0f
ding 10 The T:easurers Report OF tho cam
ings of the road for 1851 it is safe TO caculal
: six per cent, upon our whole stock. ThcI
again, If we shall neglect 10 subscribe for III
: new stock. the earnings Of the road mn,
:. be applied 10 pay this interest on the floa
ing debt and bonded debt, and The prcsrI
shareholders receive no dividends upon The
=, stock, which will make Them rs valuable a
y a blank pee Of paper, The question the
r arises, Will all subs, ribe Tor the new sioc
e and rcnlizG per cent. upon both our Of
and new stock? We shall thus save the ere,
j il Of the road, aud thereby Immediately e
J. feet the extension to the ST. Lawrence, mi
# king our chances of dividends higher iha
- per cent. per annum. 5 w. j.
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