Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1853-05-19
Railroad Consolidation.

The first result of the consolidation Of the va
rrus railroad lines between Albany and Lake
Erie has been to increase the average value Of
the stocks of the companies about 30 per cent
ard this result together with the necessity OF
sone arrangement to put an end to ruinous COM
petition has turned the attention of raiiFoad men
in New England to consolidation as the remedy.
We learn that the managers Of some of the
lines between Boston and Montreal, Boston and
Lake Ontario, and Boston and New York, are
now considering this subject, and that the New
York lines or the other hand are looking to the
sumo thing in their direction. One New York
project is to run line Oh the West shore of
Lake Champlain, and consolidate with the Oa-
densburgh and Caughnawauga roads such ru-
NOR we have heard. And another project is in
dictated in the following article from the Ben
nngton Banner Of May llth. The subject is
one Of vast importance, not merely to the stock
holders of the various railroads. but TO New Eng
land, and particularly to Boston. We think 1t
Is not to be doubted that the interest Of the roads
and of Boston requires a consolidation of the
Northern and Southern Central and Rutland,
: lines to Lake Ontario and Montreal ANA ifN. Y
prevents by getting possession of the Ogdens
burgh road, then New England should strike al
once for consolidation with the grand Trunk
line of Canada at Montreal. The Atlantic and
st. Lawrence road ito PortIand is already incor-
poraied with the Canada lines a hint that it viii
not be impossible to form more direct link with
the other and more important lines in New Eng
llnd
Consolidation is the order Of the day in the
railroad system in our country. All are reach
ing forth for the longest lines Of road under one
management -consequentl short rouds, from
necessity as well as policy, are being consoda.
ted or merged INTO the long ines Of road as
much as possible. A plan has recently been a.
dopted for consolidating line of road from Bos
ton TO Burllngton-embncing the Boston anC
Fitchburg, ! miles of the Vermont and Massa
chusetts and the Cheshire, and the Rutland anC
Burlington Railroads.
This is a very important movement, and on,
which demands the attention of those who ar,
interested IN the interior line Of Railroad from
New York to Montreal, over the Harlem. Leba
non Springs, Western Vermont, and Rutan,
unu burlington Foaus-to De extended lfOii
thence to llighgate or the Province line
If the Boston and Burlington plan is passel
into law during the present session ofthe Mas
sachusetts Legislature, il will be carried TO Ney
Hamphre r concurrence n June and 10 Mont
pelier IN October next.
Now we would recommend that the friends q
the Harlem be on the alert, and have al thing
IN readiness to go before the Legislature of Ven
mont this fall for an act to consolidate a line c
road from the southern line of the State at Pow
nal TO the northern line at llghgate there
would meet the Montreal and Vermont Junc,io
Railroad, the company now about being organ
lied and at the south It would meet the Leila
non Springs Railroad now consolidated to Ia
State line at Pownal, or even Bennington.
We commend the Yankee enterprise of tn
Bostonians in pushing their long line of railroad
over the Green Mountains north, or through III
Green Mountains west, and we would have tn
New York capitalists push the longest possibl
lines Of road north ms well as west. and imitat
the enterprise Of New England Bouningio
Banner
P.S.-A meeting of the Champlain and
Lawrence Railroad from Montreal to Rouse
Point has been called to decide upon the que
ton Of consolidation with the Grand Trunk