Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1868-05-06
*, VERMONT, WEDNESDAY. MAY 6, 1868.

Ploposai ~ acVeptcu at any time Wllnln
one year from this date will promptly
execute contract for the work and give
amply guarantee for its prompt and
faithful performance. In making this
proposal it is understood that the grade
adopted by the company will not ascend
going cast more than sixty feet in any
one mile or more than sixty five feet 60
ing west, and that save at one point tho
minimum radius of curves will be one
thousand feet. In case the company de-
termine to adopt heavier grades or sharp,
er curves at any point reasonable and
equitable deduction will be made from
the price above named.
The foregoing proposition was after.
wards modifed in communication Of
Dec. Il, 1867, after reconnaissance
aud examination Of the route by Mesrs,
Bailey and Hale had been made, and the
price per mile reduced to $4,000. The
party added that be would build "the
portion in Maine for $4,000 per mile,
and the portion in New Hampshire at
$4,000 per mile, neither to be taken
without the other and the cost Of the
whole not to exceed $4,000 per mile fer
the whole distance" On the 10Th of
December, 1867, q proposition was made
by party in Massach uselts, represent
ing money capital Of several millions.
for the entire road from Portland to the
western terminus in Vermont at $4,000
per mile, including rolling stock to the
value OF ts4, 900 per mile, depots, &C., and
everything bat right of way, receiving
in payment cash for one balf and mort
gage bonds at par for the balance. .y
1t is alleged in the interest Of Boston
and Boston roads that the country in
Vermont through which the Ogdenaburg
road passes, is sparsely settled having
but little wealth, and cannot do much eli
ther to build or support railroad.
Fact. Togns and individuals along
the line of the road in Vermont lin a
line more than 100 miles in e1tent) have
already raised by subscription, or will
raise, as there is the highest authority
for saying at least 40 per cent. of the
cost Of the road The country is abun-
dainty able to do it. There is no finer
region of country in New Engla nd.
There is no agricultural community on
earth more vealthy--and it is not pure
ly agricultural county. 1t has large
manufactures One manufacturing firm
on the line loads & freight cars daily
with manufactures or ray materials.
Docs not Portland care whether the
traffic of this 6-m comes to aud goes
from her or not? Has she no interest
in tie immense coal and iron supply Of
this esta adjustment, all of which would be
carried from her own wharves and ware
houses? Ooe third of the State Of Vt. ii
nearer Portland by this line than it Is to
Boston, by an average distance Of rs miles.
Ia it nothing to secure the entier trade Of
this section ? As it will have contributed
to build this read its interest is to Ell.
crease the business over it and to do itt
OWE trade upon it. lti is under bond 10
the extent sf its stock in the road to
trade with Portland. A single town in
Vermont will in its corporate ca racity
and by it's individual subscriptions, con-
tribute from 100000 oSso0,000 in or.
der to open way to rdo business with
Portland Does it become us to stand at
the gates of the city with pike poles and
spears to press these pcpole back Cannot
this city with $4,000 people do as much
to bring this large territory to her doors,
. as st. Johosbury with less than 5000
will do that she may come to them
Where St. JohnSbury will gain FIVE dol
lars by the road Portland will gain a
hundred. % 7od. 7K .ylg d'
7 4tb. tbs said that this thing Of cities.
and towns subscribing for stock is some.
thing entirely new-something that has
never been tried elsewhere gfu1rs 9iiit
Fact. This is mistake Bath and
Belfast have each subscribed largely for
stock iu the Shore and Moosebead rail.
roads, more LARGELY in proportion to their
valuation and interest than Portland
will be asked to subscribe in the stock Of
this road Bangor has subscribed 5000,
600 to the stock of the Piscataqois road
beside loaniDg her credit to it for half a
million. Portland would derive ten
times the advantage from the Ogdensburg
road that Bangor possibly can from TIE
liPiscataquis road, even without reference
to the through business. AT least twen.
lty other cities and towns in Maine have
subscribed 8, 10, or l5, per cent of their
valuations to roads which it is supposed
would benefit them. In Vermont. the
towns have subscribed to that portion o