Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1868-12-22
ST. JoHSsBuRY, W., Dec.

ST. JoHNsBURY, W., Dec. IA, 1868.
Hon. GEO. W. HENDEE: Dear Sir,
! You expressed desire that should submit
to you my views in regard to plan of operation
in the construction of your line Of Rail Road
hayenot sufficient leisure at this time 10 give
you my views in full, but will take an early op-
portunity to lay before you a plan.
1t is well understood that the projectors Of
this great trunk line do not propose to put I'M
der contract any portion Of the line until an I'M
conditional stock subscription Of at least 4 10. 900
per mile is obtained.
As soon as this amount is secured we feel war
ranted in commencing work along the whole line,
preparing the work of grading and finishing
the road bed more vigorously of course at the
western and eastern termini, so as to be able
TO commence laying the rails at the two tcrmini
ut the same time, and work towards the centre,
thus doing our own frcigting of iron and other
supplies. seeno reason why the grading may no
go forward at the same time at every important
point along the whole lne-thus securing the
completion Of the road bed, ready for the rails
within twelve months after the work ia commence
cd, and the rails can be laid down very rapidly
after the road bed is ready
The work of construction pressed most vigor-
| ousfy along the whole line of more than 200
miles would arrest the attention of capitalists in
our large cities, and our securities would be in
demand furnishing Us with all the ready cash
funds necessary for the purchase Of the super
structure and the completion of the road The
more rapidly the work goes on, the gteatcr viii
be the demand for our securities, or rather the
less difficulty we shall have in negotiating them.
We have reason to believe our securities can be
negotiated at about par. Then, too, thesooner the
whole line can be completed after commencing
work, the less Interest we shall lose On the capt.
tai during the construction. We want to COIN
mence earning something as soon as possible.
This is the policy adopted by the projectors and
managers Of the Union Pacific Railway. | have
had more or less conversation with the leading
men in that great line Of road and understand
the internal workings Of this road in its construc-
ton and running as far as completed.
Our entire line can be completed ready for the
equipment or rolling stock at an average cost Of
not exceeding S25, 900 per mile--perhaps includ-
ing the heavy work--the White Mts. $28, 900
per mile.
hope you win bend all your energies TO So
caring the necessary subscriptions upon your
end Of the line and at en- early day, aud can
assure you the work can aud then be COM
menced energctically-in the earlyil spring
You will Of course see the importance OF ac-
lively canyassing every town for individual sub
sciiptions.
You have heavy work before you, but you
can accomplish it tliumphantly and at an early
day If you resolutely and dcterminedly set your
self about it,
cannot believe the people Of "Spunky La
noble" will take the responsibility ofhiadering
the commencing Of this great work, an enterprise
of vital Importance TO the growth and prosperi-
~ Of your valley
Very truly yours,
HORACE FAIRBANKS.
The originals Of these letters are now
in the hands Of the Hon. G. W, Hendee,
who kindly furnished them for us to copy.
We beg, too, to invite your attention once
more to the following report of Engineer
LlNsLEY, which we have published before.
One word more, however, before we give
this report. The subscriptions on the
Eastern section Of this road, next to Con-