Litchfield enquirer., 1867-10-24

S0A.Ah N0W IuSiauu can De brought d
 rectly oyer its line, the profits of whic
 new traffic will many times more than pa
 the annual interest on the four million
 loan. To that loan the net receipts of tn
 compieted road to Fishkil are sacredly de voted through the hands of sound and abl
 trustees. When the conditions upon whicl
 massachusetts, gave her credit, togethe With the other safeguards thrown around are considered, 1t does not seem at all
 dangerous operation for the Erie to aid ii guaranteeing the interest on that loan, whicl IS all that has been done. The gains O. losses of Wall street stock-speculators o of Boston capitalists, the jealousy of tn, New York Central or of the Western Road
 with its history so unsatisfactory to Massa
 chusetts financiers and legislators, will no
 disturb the new directors of the Erie, wht
 are elected for their ability and integrity
 and have enlisted in good faith to improve
 the property committed to their charge.
 Itis altogether either mistake or ar evasion to charge the new movement en- tirely to the Boston, Hartford and Erie. About three months ago, Messrs. Augustus Schell and others advertised in the New
 York papers requesting the proxies oi Erie stockholders, in the hope of changing the objectionable management. Last year 1t was attempted, but the clique in posses sion was too wary and strong. Both these movements preceded and were indepen- dent of the Boston, Hartford and Erie's plans; but this year they were glad to join the latter, and get its aid in changing a management so notoriously against. the in- terests of the stockholders. MT. Drew cast his votes with the new party; so did Mir. Vanderbilt's friends. It was success full by more than two to one. MT. Drew, instead of refusing to lay this feather upon the Erie, has within two weeks de- clared that he should approve the guaran- ty proposed, and the new directors have shown their appreciation of his financial ability by making him treasurer of the cor poration.
 It has become an absolute certainty, as truly as that can ever be said of human plans, that the Boston, Hartford and Erie road, will, within a reasonable time, be completed from Waterbury to FishkiH. At the latter point the requisite purchases of real estate were long ago made, and the financial foundations of the important fer ry company securely laid. Beyond the riv- CT the road from Newburg to the Erie is waiting to be met. The Erie could well afford, If 1t were necessary, to assume en- tirely the payment of the interest on the loan so much abused, for when the work is its receipts will be largely increas- ed, and the prosperity and growth of all the cities and towns along the line from Fishkil to Boston will be greatly promo ted. New England, going or trading west ward, can then choose between the Vest ern and Central on the one hand, and the great new line on the other. Certainly we 'f Connecticut, have every reason to be pleased by the prospect.
 The surest test of the popularity of the hange of management in the Erie road, is he effect on its stock. This has risen con- iderably since the election of the new board showing that the views of the Fri pune and of the Springfield Republican do 1ot prevail among business men.
 The Newburgh Journal Newburgh is sit- lated on the West bank of the Hudson op- posite Fishkill.) speaks as follows of the change in the Erie board: :,
 Mir. Vanderbilt and his associates, as represent ng the Hudson, Harlem, and Central, had knowl- g sage usa 3r se assurance from the power in the Erie that there should be entire mutuality of in- crest in the policy above foreshadowed, and that each line should pursue it's own business in it's own way without clashing or hostility. In this movement. then, we see 8 policy foreshadowed, the operation or over one hundred md ten millions of dollars, and tending alike to ,he benefit of stockholders and the commercial Bya contract already nedt,tred be-, ,ceen tue Erie and Hte Boston Hdrtt0rd and Erie he most ample arrangements hdUe been made by otict the renadllng seUety.toe males 0etaceefa Wat
 ho {i<rfo of1.pf d, and coal, adequate to supply the demand of in erior New England, will be furnished, amounting o three thousand tons per day.
 The doings of the meeting of capitalists md others favoring the northern routes, will be seen by the following report in the Hartford Courant: -}
 -.sj TWISTED, Ger. 18th, 1867
 A meeting of parties interested in the construc- ion of railroad through the northwestern DOT ion of the state was held at the Clarke House Ill his place to-day. Delegates were present from nearly all the towns along the line of the recently proposed road from Fishkill, N. Y, to Springfield, Iass.; and delegation from the latter place came cross the country in six-horse coach, to consult with gentlemen from the different towns and with New York State capitalists, and with engineers who have made preliminary surveys of portion ,f the proposed route. l remember that articles
 
 ,ing the importance of railroad through this sec ion of country, and the benefits such road would 1e to the manufacturing interests of the busy owns between Collinsvile and the state line. Suf- icient interest has been shown in the matter with in the last two or three years to procure 8 survey of the route between the two points named and a charter for the Connecticut Western road has been secured. Recently new route haslbeen projected which has been briefly described in your paper. The plan is this: The Duchess and Columbia rail road in New York state, portion of which is al- ready under contract, is to run from Fishkil, New York, clrving ea& &terly and to the northward to Rains, on the Harlem road, and connecting event. ually 1t is expected, by branch to Hudson. It is now proposed to tap the Duchess and Columbia railroad at point ubout the center of the line, and in the curve nearest the state line, and by road running through portion of Sharon and Salsbu- ", Canaan, Norfolk, Winsted, New Hartford, Can ton, Smsbury, Granby, Southwick and West Spring field, to form continuous line from Springfield to Fshkill. From Fishkil, the southern terminus oi the Duchess and Columbia, a connection will be formed via the Erie road to the west, and from Hudson, the terminus of the branch of the Ouch. ess and Columbia road the New York Central will be reached via branch now running from Athens, opposite Hudson, to Schenectady. Theimportance of such western connections to the northern andwes tern portions of this state will be seen at once. The present proposal contemplates branch from some point in Granby or Simsbury to Hartford. The in terests of Springfield in the matter were represent ed in the meeting to-day by Mayor A. D. Briggs, J l.. King, N. A. Leonard, E. Southwick, M. Mattson G. k. Townsley, lilly Haynes, and HI. A. Fuller Geo. H: Brown of Washington Hollow, N. T., Pres