The Portland daily press., 1868-10-15

At the last session of the N. II. Legisla-
ture charter was granted to construct the
N. I'll. Central railroad from the West line OF
the State of Maine, through the counties of
Carroll, Belknap and Grafton, to intersect
with the Northern railroad at Danbury. The
capital authorized was from 81 10000 to 81
000000
The corporators organized in accordance
with the provisions OF the charter, at Centre
Harbor, on the eighth of September.
We wish briefly to call the attention of the
public to this proposed line of railway. ex-
tending go miles across the State, intersect-
ing nearly at right angles with otherraroads,
mutual advantage to each road.
This Circular is especially addressed to
those living on or near the route defined in the
charter, with the view of having the towns
at the election, vote on the question of TAX
ing stock, to an amount not exceeding five
per cent. of their valuation, and we earnest
ly hope that an article will be inserted in the
warrant of each town, for that purpose Sta
tlstlcs relating to the construction of other
New England roads, prove conclusively, that
the valuation of property has been increased
to an amount equal to the.cost of the roads
We believe such would be the result in the
building OF this road, for it would open
country for trade and travel, almost wholly
destitute of railroad facilities, and it would
seem certain that the stock must be good
investment, for the road would pass through
well populated country of comparative
wealth.
A large local business awaits its construc-
ton, and being in the immediate vicinity of
the unrivalled lake and mountain scenery of
New Hampshire, it would have an immense
pleasure travel which now brings millions of
dollars into the Stale annually.
1t would also be an important link in the
most direct line of railway across the eonti-
nent, making it one of the great highways of
the worlds travel and traffic, furnishing a
through business, which must make the road
one OF the best paying in the county.
This would connect with the Portland and
Rutland railroad leading to Portland, where
is found the best Harbor ON the Coast, and
the nearest to US. Other charters have been
granted for railroads across New Hampshire
and more are asked for, but the n. H. Cen
tral has the advantage over all others in be-
ing the most direct to the west; in having
soil better adapted for a road bed: of easier
gradients; and larger and reader business,
which demands an Eastern aud Western out
let With these advantages, the people in
the valleys OF the Ossipee and PemigeWasset
will have only themselves to blame, if they
do not secure the completion of this enter
prise so all important to their material pros
perity. But eo0rk must be done; tounS must
take Stock. Other localities are making ey-
cry effort to secure the first line of road
across the State; they will vote their money
freely, and if we no not make a correspond
ing effort, we may fail; even with all our
superior advantages.
The capitalists of Portland will subscribe
literally, and we have assurances on which
we can rely, that Portland in its corporate
capacity will loan its credit to any reasonable
amount to aid in the undertaking, which will
be OF partial advantage to us and the people
OF Portland. Such has been the uniform ac-
tion OF Portland to assist all those enterprises
which would bring large returns; and it is 10
this liberal and well considered policy that
the enterprising city of Portland is in a large
measure indebted for its increase in valuation
from five to thirty millions of dollars, within
the last twenty-five years. OF course the ac-
ton OF Portland depends upon whether we
contribute our share,-we have but to help
ourselves to have Others help us.
Each town through which a railroad is
built, is entitled to railroad tax on the stock
taken in town, and for the right of way; for
instance; there are two miles of railroad in
Bristol, on which the town the present year
receives a tax of $500, so that most of the
towns would probably realize in road taxes,
nearly or quite as much money as the inter-
est would be on the five per cent railroad in
vestment which the towns are allowed by law
to make.
With the advantages of the railroad tax, the
belief that the stock must be as valuable as
that of other first class roads, and the largely
increased valuation of other property which
must follow upon the construction OF this
road, no person looking at the matter as an
investment, should hesitate for a moment
about voting to take stock in the New Hamp-
shire Central railroad to the amount of i've
per cent. of the town valuation.
o. +. FOWLER, President.
CYRUS TAYLOR, Treasurer
S. X. MASON, Clerk.
Or New Hampshire Central railroad.
BRISTOL, N H. Oct q 1868