Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1868-12-02
For The Journal
Montpelier & Wells River Railroad.

/ IN my last Communication sought 10 demon.
stIatc that the road from Montpclier 10 Wells
1 River was the shortest and best route between tho
/ East and the West
The next inquiry is viii the road pay that
IS, WI the road pay dividends on the stock and
! 4 It Will not pay dividends ON the stock, will II
IN any manner pay the inhabitants Of tho towns
Tor the Investment Of money in snd road?
| shnll examine the lnst question first CLAIM,
tiat u the road should be built and kept running.
That 1t would more than five times pay 10 the in.
napitants OF the several towns the interest ON the
money invested IN building the road. Tnke fnr
example the town Of Nlarshfeld Suppose the
town should subscribe $50 900 the interest nt
SIX per cent. Is 5 500 per year believe III they
/ had @ depot at the Bemis School-houee. md n
cost the mmc 20 transport their lumber and mod
I nce to market that il does now from Montpalier.
that u would save the inhabitants Of said town
lhe sum OF $4,000 per year uniformed that
one firm phys 5000 per year to freight their
lumher 30 Montpelier, when if the road is bnilt
u Will run through their mill yard Add 10 this
the reduction in freight that conpetitionn MINT
peliT viii make, and the fact that their freight
would be 50 much nearer market by this ro1te
than by the Central. would with the cost Of tr,r.-
p0rtaii0n to Montpelier, make saving 10 the
town OF moro than 80 per cent annually on sub
scripuon of $50 600.
The building Of the road through Mnrshfeld
would materially increase the hemanuiacturing busi-
ness Of the town in all is branches Fit tispror
table TO manufacture pill boxesat Wocott twcn-
ty-hge mines from rniroad it would certainly
pay TO do it by the side Of the road in Marshfeld
Any one can see that If the inhabitants of
Marshheld should give $50 900 on condition tbat
road should be built and run through the town
It would slye more than fifty per cent every wear
ON the gift, md it would double their grand list
IN i've years after the cars run through the town.
The towns Of Cabot, phinhed and Groton. will
BE- benefited nearly as much as Mansfield and
oil the towns in the vicinity Of Montpelier would
be nearly equally benefited
If the road is built from Montpelier b. Wells
River, II It never paid cent in dividends, and
the stock should b. worthless, IL would he bet
ter investment for the towns, than money invest
ed ct twenty-five per cent. It will he profitable
investment, and pay more than six per cent div
idends, from the completion of the road am
told the Boston, Concord Montreal road which
runs from Concord 70 Wells River, nnety-three
miles, and from Wells River 10 Lttleton. twenty
miles, making ] - miles. which has no oonnec-
ton with any Western road but the Passumpsic.
which has no through connection, earns sufficient
to pay six per cent on It's capital stock. and pay
running expenses am also told that the Pas
sumpsc. which runs from White River 10 Cana
ia line, * also paying dividends These roads
have no through connections, but are dependent
on local freight, and are still paying roads Then
why will not this road be a paving r1nd2 II can
be built ms cheap as either Of these roads were
built, il viii have less bridging. and will be- less
liable % damage from ireshets, than either of
thuse roads. Ii runs through a forest for miles
on the summit, which viii afford timber. ties and
wood cheaper than either Of the roads mentioned
Including Montpelier and Wells River, there will
be- as much lOeal business on the rad as on the
sune distance ON either Of the other roads, and
think the local business will make it, from It's
completion, paying road
Bat this rad will not derive all, or even the
greatest share of It's revenue from local business.
At Wells River It will meet the Boston, Concord
q Montreal road, the Littleton road and the Pas
sumpsie ready b deliver their freight for The |
West and To accept the return freight from the
West 10 distribute to Northern Vermont, New |
Hampshire, Maine and Massachusetts,. Thecom- |
pleiion oi the Ossipee Valley and the Lake Shore
roads viii make the shortest route l,y Montpelier
from Portland Portsmouth, Dover and Boston,
and all sections OF the East 70 Oglensburgh and |
Montreal and the commerce between Ogdcns- |
hlrgh. Portsmouth, Portland, &C., must pass
over this road, making j one OF the most mpor- |
'9"i u; - - - srFl, caih Of railroads, and one
- tnc l9sl paving roads la TO-. Ei--..s-i