The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1866-04-17

oars i Stale aae, tt oter is eanase
lions silb o4f real 0a sg ha GO
control Tie maGa4ef that read lay
sha8y sefse anhsis cher gauu
raa3. IS deprive = q iih5oagh tuslnes
Is. t5n tafs Il seaFcely possible fir
ani II cor Ta.lrsd. g. he a.iained ~ p
cal bus.ues. alone sod q musi ts esptei
ais 80 aab ours whose local busiHes, !. 70
pass over 3 hasjie read roi restricted %
il. cAsree. aHd haging 10 disposition e
encourage business on the anc g, oai road.
Un8ef sueh circumstances, ihc cost q
lraas pof1atlon must necessarily he largely
increased 8om lhr present Aigh pricesahd
then il woaid BE- doubtful j the road could
be uade to pay running expenses. ~
ne bssi Ae yultfoaa accommodations Woaid
b hgle 5sitfr than none. aad L is, perhaps
rot mprobable ihai ~ pie rouia hare
rufs. M. BobinsoA, NA3 has been cHO
u lle active manasers 81 lhr Troy a. iios
ton road. under the lease, aud ls familiar
with the business of our roal, lately
testified uuler oath, That without through
business .be would not take tie road as
eiit."
The ieasc to ihe Troy 4 i ston Com
paay expires in January next and Ihe
present owners d the toad have huie en-
eouragem, nj to stock il, aud ii done, can
only be 10 ran one mixed ttain oi passen-
ger. and freight per day, each way, and
az such price. a. would have atendeney 70
drive business from the line OF the road, 10
places where better ra lroad facilities couId
he had. Tie desire Of this company is 10
furnish such accommodations TO the people
Of tits srclion of the State, and. on such
terms, as will encourage. iasteaI ct dis
eourasing, business, bat unless auother
outlet than lhat Of the Troy & Boston road
j. found, they do no, SEQ how il can be
done. In fact lhry feel constrained 10 say
ihal under present circumstances the road
cauuo, in our opinion, be run 81 all. This
Company have dome all in their power to
make such arrangements with tie present
existing railroads as would protect their
interest and enable them 10 operate the
road with reasonable profit to themselves,
aud for the benefit Of tie business commn-
nily at all such attempts have signally
fail d, aud without any fault on our
part.
From he unfavofabla conditioned ildnes
we can discover buy one avenue OF escape,
and HAT /, by ding aaolher outlet for
our roaa besides llal Of the Troy \ Bos
ton. And this, we are happy 10 say, we
think can be done, by proper eXertions,and
reasonable aid OF those interested N pre-
serving convenient taeilitie, for travel
and tic transact Oh Of business on our
road.
A company la, been forned (tbeIeh
anon Spring, railroad. Company in The
smie OF Nsw York, 10 construct q road
connecting The New York 4 Harlem rail-
oad with the Bennington q Rutland rail
road. at Bennington 4 charter BIZ, been
granted it, ills State TO construct a road
to lh STATE line, to be consolidated with
the Lebanon Splifgs road, The porQs-
ed road would run from Chatham Foul
Corners TO Bennington, distance OF about
lilty miles. and when completed the Ben
nmgton 4 Rutland railroad would form a
link in the shortest anl best line OF roads
from New Yorb to Montreal, and which
will ensure lie people on the line Of the
road. through all time, good railroad iacil
ilirs. with rates of charges Tor tran-por'a-
tion Of pas eugers and freight greatly re-
duce lrou tie present.
The route o. lhe road has been thor.
oughly surveyed for forty miles Of the
distance. and surveyors arc now engaged
10 making thorough survey Of tie resi,
due About ten miles Of the road WAS
graded many years since, Of which the
present Company get the benefit. Il Is
estimated HAT lhe road will cost from S l.
100000 to Sl,S00,0G0. Ii is proposed to
raise he funds necessary TO build il from
FIRST mortgage bonds, which are TO be issu-
cd pa, able thirty years from date, with
sem.annual interest, al the rate Of seven
per cent. Each subscriber for bond
will receive an amount Of fullpaid stock,
equal to the amouni Of the bond subscrib.
ed for, so that the bond-holders will also be
stock -holders, and have the control OF the
road The subscribers to the bonds will
be called upon to pay their subscriptions
only as The money IS required % cansttuc'
the road, and interest viii be allowed on
each payment from tile time il Is made.
The directors have resolved not % make
any contract Tor the construction of the
road until sufficient amount Of the bond,
Is subscribed 10 build it and By the terms
Of the subscription il i uoi 20 beyalid and
binding until a, least Sl5U0000 has been
subscribed.
Parties interested IN the Harlem rail.
road. are subscribing Eberally; and il the
people on the line Of ibis road (who are
a. deeply Interested in ibi. project as they
would br to gel a railroad il they had none
noN are disposed to DO their share, there
i. 10 doubt tie subscription could be filled
at once. and the road be completed By the
time he lease by the Trey 4 Boston rail-
road Company expires
While lie owners Of ibis road are great.
" interested h getting this outlet for bds-
iuess. and are viliing 70 subscribe liberally
ior tie enterprise, the whole people on The
Inc y our road are equally interested ~iih
us, aud are called upon p decide aheiher