Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1855-09-28

The Trustees of the Rutland and Burling-
ton Railroad Company have published a state
ment Of business operations up to May, 81,
1855, by which it appears that the net earn
ings Of the road during the time it has been |
under the management of trustees-a period |
Of eighteen months and eleven days-have |
been Sll7 ,942 81, or not quite enough to pay
the interest on the first mortgage bonds
This result has been realized from gross earn
ings amounting to S639 s32 Os. the expendi-
lures having been 1921 $50 IL, or over 81
per cent, Of the earnings. AS there have
been some extra expenses charged, it is
thought this years business will show
better result, and that the road will earn
enough to pay the interest, AMI have some
thing over.
The annual meeting of the Vt. Central
Railroad Corporation will take place at
Northfeld on the 3lst October. The Boston
Traveller proposes, as plan for relieving
the Line of debt, that the Canada interest be
converted into q seven per cent. preferred
stock, at par, and the Central bonds into
six per cent. preferred stock for the first
mortgage, and five per cent, preferred stock
for the second mortgage.
The Albany Erening Journal states that
the commissioners Of the Albany Northern
Railroad have secured by purchase the con-
troll Of the Troy and Rutland road, which
runs from Eagle bridge to Salem, y. y. in
order to secure, whenever the Rutland and
Washington road from Salem to Rutland
shall be re-opened a through line from Al
bany to Vt, In consequence Of this pur-
chase, the Troy and Boston road has cut of
its connection with the Albany Northern at
Eagle bridge, for both freight and passengers
The Journal says
The present position of Albany then, is.
that it has Railroad extending to Eagle
Bridge, and also a link II miles beyond to
Salem, making in all distance Of 80 miles
and vet is cut off from the northern country
beyond. TO solve this dilemma there are but
two alternatives. One is hy capitulation
which would involve the surrender OF the Troy
and Rutland Railroad to Troy, accepting
such terms Of connection as she may choose
to dictate. The other is to retain the Troy
and Rutland Railroad under our own control
(giying Troy fair connection at Eagle
BRIDGE and as there is no certainty when
the Rutland and Washington Road Will be
rcppcmcd, to construct a Railroad from Salem
to Nhitehlll distance of about = miles
thus securing 10 Albany the northern bust
ness through Lake Champaign. The expert
Cnlc ofcycry day shows that the great bust
ness Of the north can be much more easily
secured at that point that at Rutland. y
liberal subscription for stock can be obtained
along the line Of the proposed road, aud thu
right of way can be obtained almost sratuit
ously.
The Saratoga and Sackctts Ilarbor Kali
road has a new board Or directors, represent
ing a new infusion If capital into the roa
which the y. Y Evening Post states will b
built with the utmost expedition This roa
, is to traverse the great " ilderness of North
ern New York. The company own 500 90
, acres Of land granted by the State and b
individuals as an endowment for the road
. which, besides timber, contains large depOsite
OF iron and is valuable for agricultural pur
poses. The company have published report
/ Forty mile. Of the road are already graded
and most Of the heavy work on the easter
division. The immense lumber distric
through which the the road is TO pass Wi
f doubtless take the place of the old and near
;, ly exhausted districts from whence the SUI
e plies Of timber for the New York MarkC
S have been hitherto derived.
IS The Camden and Amboy Railway Compan
d have let the public know, in an official repo
st how well they are satisfied with themselve
% They see nothing in the late accident
regret or apologize for Everything wi
y managed in their opinion, in the best way
= the brakeman, conductor and engineer kel
IS the best possible lookout the train wa, ri
&c at the right speed the whistle was proper
re sounded the railway agents did their du
81 well the regulation authorizing trains
n run in opposite directions on the same tra'
A. at the same time, was the best sort Of rcgul
t, ton and everything from the management
ye the engine to the killing of the passenger. W
T. done in the most complete and thorough ma
n ner This is the answer the Camden a
Of Amhoy Company make to an indignant publ