Vermont daily transcript. [volume] (St. Albans, Vt.) 1868-1870, 1869-01-20
yCood,tocE Railroad Componl.


We are in receipt of the second an
nual report of the Woodstock Railroad
Company, for the year ending Dec. 81
1868, printed at the Standard of'ce,
from which we gather some facts that
will be of interest to our readers. Inc
total amount of the capital stock )f the
company at the present time Is 80,
$40: of which amount S35, $50 has been
subscribed since the date of the last an
nual report. Nine assessments upon
tn ; capital stock of ten per cent. each,
have been voted during the year, Oh
which the first six have now become
due. and the seventh, eight and ninth
become due on the fifteenth days OF
January, February and March 1861, re-
spectively. Upon the assessments
which have become due, there have
been paid during the year $40, 493.ooi
mating, with the sum of Sl,9o5.oo'
paid previous to the last report, Sll2,-
39s. 90 collected; and there yet remains
due W on those assessments the sum Oh
S45. 465. This sum includes, however,
$4,000, being the amount of the first
six assessments upon the last subscrlp-
tion of $50, 100000, made by the town OF
Woodstock and of the residue IS, .Oo
is due upon the sixth assessment, which
did not become due untiI the 10Th day
af December, 1868.
The total cost of construction of the
road to December |, 1858, has been
S1O9,816.OO. OF this sum S94, 65O.S4 has
been paid to the contractors, and Tor
labor and materials, -to be reduced by
the sum of Bats received for materials
returned, and entered upon the Trea-
surer's Report as part OF the item OF
Cash received from other sources,'
to net payment of S94 $4,000, $40, 65l.-
90 is reserved as guaranty fora full per-
Torrance of the contract by the con-
tractors 50, 243.SS is due to the Wood
stock National Bank for money adj
yanced on construction accOunt,-leav-
ing sum of $2,243.SS, which will
become payable to the contractors when
the reserved fund shall amount to $15,-
100000 There is included, however, in
the above total cost of construction, the
sum of $S5S.7s, expended for fencing
and fencing material, leaving the total
cost of construction sos, 957.32.
OF the amount, $4,6Ol.79, shown by
the Treasurer's Report to have been paid
for Engineering" $4,000 was paid for
arrearage of expense of the locating sur
yey. mentioned in the last annual re-
port as due from the Company, and
$3.50 was paid for arrearages due for the
preliminary surveys. AS an offset to
this last item, the sum of $3.50 has
been received from subscriptions for
the preliminary survey, and it is en-
tered upon the Treasurer's Report in
the item of "Cash received from other
sources" So that the engineering ex-
penses of the Company for the eleven
months ending Dec. l, 1868, has been
So, Ash 70, as shown by the Engineers
Report.
1t would seem from the engineers
report thatrigid economy has been man
ifcsted in the engineering department.
He says The usual estimate for the cost
of engineering in the location and con-
struction of railroad is from five to ten
per cent. tf the whole cost of construc-
ton. The cost of engineering in the
construction of the Great Western Rail-
way of England was $4,000 per mile,
while that Of some of the roads in the
United States exceeds that amount. OF
thirty-siX roads in Massachusetts, whose
costs have recently been reported, the
average cost of the engineering was
Sl,277 per mile but Notwithstanding
the rugged character of the country
through which the Woodstock Rail-
road is located, it may be expected that
the cost of engineering will fall far be-
low that amount.
GrTE NJrppJJy - - Who il 80 SHE