Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1853-08-12
Consultations.


meeting, last week, on the motion to petition
the Legislature for authority to unite with
the Rutland and Ogdensburgh Roads, and
make such arrangements with other railroads
east and west, us will enable the said road to
consolidate into one corporation, extending
from Ogdensburg, i'll the State Of New York,
to Boston, i'll the Commonwealth of Mussa-
chusetts -
Here we have in Vermont two lines run
ming across the Statc--thc Rutland, the
Central, and the Vermont and Canada--cost-
ing some ii or $4,000 ,000-moncv which
was placed there by parties who expected
dividends in return. 1t becomes us then to
lay aside all personal feelings. and to look
the matter full in the G,cc-to look ut it rs
a common interest. and to see how best we
can protect that interest.
What, then. are the difficulties under
which this corporation IT'S we'll as the Rutland
corporation has had to labor Thcv are to
he found in that continued, pcrSrvcring con
trovcrsy which has left its lruit--lruit which
is now ripe, and which is h0nncSs. absoitlc
Ie0nncSs, to every man who has placed money
in it in the shape of stock. from which the
first dividend is yet to be received In the
Central we have stock of five millions In
the Rutland five millions five hundred thou
sand 50 800 900 of which is stock and the
rest debt. We find ourselves operating these
lines, with II vast increasing local traffic.
which comes up fully to the antcimt ions of
Its early friends but owing to Il want of
harmony Of union and action with tho con-
nCcting roads we are plucking each others
eyes out. while the country is looking at us
and bidding us 60 on. This is no triiling
matter. There are eight millions Of dollars
in stock which becomes us to see if it can I've
made rcmunrrativc ; and that of itself will
enable us to transport freight and passengers
from Vermont to Boston at lower rates than
it has been done before
The practical working Of our railroad svs-
tenn for the past five years has shown that
concentration and union olaction has resulted
in low frrightS and fares, and increased diyi-
dends to stockholders. While the present
state of things continues we must have in
creased rates of toll. the effects of which will
he to keep your freight locked mp here in
your own valleys. With union. instead of
that, we should have decreased tolls. and the
business of the road would hr managed more
satisfactorily to all Look the matter calm
lv. fully and fairly in the face. and | think
your Judgment will accord with me that in
harmony and union we shall find our infer
ests greatly promoted Boston will he greatly
benefited hv it. We can build up one line
vi i"!u lIo't 'S''c'S 'u'% 10 hnH,"n, %"
An',,a IT, i'''7,n, ".; : 'o>''.? Ho'o""''""'
''!"' WI say '"iH - It" r'n'r'ouH
other roads. There is the New York aud
Erie road, $50 miles in length. which costs
from >33 600 900 to S:}4 600 900. and which
has bonded debt of 81 900 900, at seven
per cent interest. At Philadelphia and Bal
timorc we find great lines of road stretching
iloni ''"' ""'Vr W vac -r'"t eS'' Ut 80, u
per 'on'' S''''ci coS' 'r''i 'hlH lih'' neh
we col''ilot our ii''e o. 90" 'l'rE' WIN less
,''' .M'iNo n'i'i'''ie VI "'''' WIN l's great
loc'l "'',,' '',' ii,t,'-',"'"'' WIN
o''e .r''''c'' ,.n" 'o'i" " ',ipr:orH' S''ur
my c'lc'c"'Y VI "'''oh VIVA thc lin" "I'''o
ln'o proper S,c'io''S Win 'noS' "'i"''r' To
VIC nav! Inc unsurpassed ny any other
except IL DC '''it through central NrW York;
IN income ana olN''ehIS To the St"'Nho'I'r"'
Last year, us SHOWN ny 'h' reports "i 'h'H'
rouuS' lucy curl'u' aitcr "o,!"c'lhS MY per
cent OF INV gross receipts lor oNl nhScS' SIN
ana tnrec,,!uartrS per cont on I'll" rhtlr"
capital WIZ" tncS' lartS staring us IN tn"
iacc' we present TINS rrSolutlon' ana ask y'"
W 'o"'' W. ""I"' WIZ" 1'' mari anu one
VOICE, anu ASK !p"I legislature 10 'no'" us
10 put theS' ro'"S IN UNITY Oh action Wnlch'
wiIile promoting the best interests oil the
otatr' VIII 90 INJURY To no man
W hat mas been the experience IN New
ork' mere J.: the New lork ana M"haWk
I'ailroau' n"iit II! l0Z'' Whlrn was the com
h"hc"'nrnt ~ m.,' '''''t III 100? mas capi-
tal OF '';'oo'""o-caPiIal Wnlrh was put
lnto IL ny 'ne ''''',hcr' N'iue ol thc ProGmctN
taken out oil the po"clS OF the earlh' rms
corporation was formerly cut INT" several
corporations cach seeking lts own interest
under us own management; Al one ,i'n' the
stock OF the New York and Mohawk
road "n'rn was II milrS long, ANA cost
from Sl'loo'ooo TO : '2on'""o' was at
~ per cent advance 1t afterwards went
dated line, into which it was put so or 500
share, it i. now IL good dividend stock and
sells at - per cent. advance.
Many have doubled their capital during
the last three years At the same time fine