St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1867-04-26
TIE R0iirO0d.
81, JOhnsbury Pledges 100000 to the En-
terprise,

- JO4i-A9JuEJ IiStlStS FtOO,OVO 10 l!Ic LII
terprise,
The more We have Investigated the
merits and feasibility Of the proposed
trunk line Of railroad from Portland to
Og,lcnsturg through this place, the more
apparent has become its disturbances and
Importance to the section of country
through which it will pass.
When responsible parties, thoroughly
acquainted with the country through
which ii passes, and the business it will
inevitably command, make a standing
OTTER, as they have dcno, to lease the road
permanently, thoroughly equip and keep
it IN good repair and pay six per cent.
interest annually on the entire cost of It's
construction, it would seem that no one
need hesitate in lending aid to itS CON
struction. If this offer Is iona Gcie Of
Ter, as We are assured it is by the dircc-
tors Of the Montpelier and ST. Johnsbury
and Essex County roads, there ought to
he stock enough taken by individuals and
the towns along the line Of these two
roads within the next month to secure
their speedy completion.
ii this is not done. and done at oace. we
fear in q short time these individuals and
communities may learn to their sorrow
that the greed opportunity ior opening a
highway through their midst. for the
commerce Of the nation and the world,
las been lost 10 than forever. Other III
diyiduals and other communities, not IA
vorcd by nature with so feasible a route,
will have seized the golden opportunity
thu, sighted, and will have opened a
highway from the waters of the great
Lakes 10 the nearest tide waters of the
Atlantic, and the business, of which this
route IS the natural outlet, will have be-
come fixed in some other channel, never
TO be diverted from it.
KS EX-Gov. Washburn said III Port
IMtd, the other day, in reference to this
saac route, "There is tide in the af
FAIRS OF men, which, taken at the flood.
leads on to fortune" We feel that that
tide III the affairs of this community. so
far as this road Is concerned. Is nor.
We are glad to learn that the commit
tee Of twenty of our business men. who
were appointed by a meeting OF the citi-
zell5 TO consider this subject, have been
impressed with the Importance of immc-
diate action in the matter. and have pro
posed a plan which is now being rapidly
carried out. and which, if assented TO bv
a majority Of the tax payers in number
and amount Of grand list, Gas we believe
it will be before this meets the readers
eye, will secure the construction Of these
roads, so far us this town is concerned.
Tie plan is for the town, under the late
ac', TO tNd It's credit to aid in the con-
Structlon of tile Montpelier and st.
Johnsbury road TO the amount of $780,
ooo' and to the Essex County road to the
amount OF $4,000; which, with indi-
vi!lal subscriptions already taken in
town, viii make the whole amount s,,b-
Scrlbed by the town and individuals in
town, rising $4,000.
The aid is proposed TO be given by the
town issuing il bonds, payable after five
years and within twenty years, and Civ
M them IN exchange for an equal
alnount Of the stock or bonds of these
roads. All stock is to be taken in ex-