The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1867-04-09

Therefore We say that even II tie
plan was as bad ea It's worst enemies
represent it, it vould be money IN our
pockets 10 adopt il But We think i
can easily be shown with lie aid II lie
communication pablishod thls week,
that every superstition thus far assumed,
isutterly impossible.
The line Of The Lebanon Springs rail
road runs through a country which far
sulpasses ours in natural wealth
When bull It completes the onl, direct
through line between New York and
Montreal While the business Is grow
ing up along lis line, il well receive
support from business which has been
growing up for years on the line Of
other roads All the capital invested
ia 400 miles Of road 70 the north and
south OF il, must contribute to is earn
ings. Now II this road, SO advantage
onsly situated for local and through
business. can be rented for anything,
the bonds we hold viii be worth some
thing, aud We shall not lose all tho in
terest on the bonds we issue
Then let as suppose che Lebanon
Springs Railroad when built can b.
rented FOR rs much as the Troy u Bus
ton company gave for the Western YER
mont road in 1857, year Of financial
depression, before the business on the
line was onc-half what il is hi present.
In that event we should hive to raise
about half the interest on our bonds by
taxation Now docs any one doub
chat the Lebanon Springs railroad, con-
nected with the Harlem road, can b.
rented IN 1868, for twice whit the Wees.
em Vermont was rented for in 1857
II seems hard Coz some Who know
that every dollar Of stock aken IN the
Western Vernon road was to.nl loss
to understand Why We should expect g
different result in he case Of tho Leila.
non Spring. road The difference s
Ibis When the Western Nermonl
road was commenced less than one
fourth lho cost was subscribed, and III
the road earned went to pay hose VIII.
furnished The funds 70 complete i Is
fore the Lebanon Springs road is CONF
monced the whole amount necessary &
complete il MI be raised, ana what 81
CT the rond earns vil bo shared by II
who invest il il.
The communication we publish thr
week contaius the facts aud Gsarcsirelr
which each one can estimate for him
self, according 70 bis own views VIDA
wll be thQ earnings 81 tho L'bano.
Springs railroad Le IT BE- lemcmla
Cd, { this a.i hnl b tbr great tarana
liua Letvacl Kew }ori .rd Mont
oaros a. much s5 he muaee y @
poorest c ~ roads d 'loS ate
which + lo.atedag ius,s,men It !
prove source Of revenue to our towns
The question We are discussing is VI
hlto cur community. | y whether "
lmll - back Willie dc of the wofh
aaoll lyfeaId.or Toll keep pace @It'
II d. atIi around gs
lue Importance q tuia matter g
: y3ui business interests can BE sta
. h i fea words The value of your laa
, depends upon the ,nlue Of Is anuna
production. The value Of that pIodue
ton depends upon tLe-cost Of go.tlng
to market Strike tic railroad ont o
existence aud you both destroy th
home market and render the city mar
Eet unavailable. Yom home marke
depends upon the proportion Of th
. populatios n0 engaged ~ the tiilage o
,he soil That population j. buPporte'
: ~ business which cannot exist g.th9u
railroad stop the railroad and So
J quarries are no longer worked, yol
J boardlng.houses are closed, your ium
bo-mills are useless, your mauufac
tories cease oucr4tion I,alY0fers an