Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1869-02-03

lulAls EJsuuOsOJl VI
II such an amount OF paying traffic can BE-
derived from local business, upon an average
distance in operation of less than 700 miles,
there cou be no possible doubt of the rad hay-
ing all its carrying facilities taxed 10 the utmost
when the whole line is finished, to move the vast
local and through freight which will then be Of
lered. The work of construction is not stopped
during the winter. On the contrary, - large a
force is engaged that the gap OF about two hun
bred and fifty miles now remaining between the
tracks of the Union Pacific and Central Pacific
will be closed, and the whole line to the Pacific in
operation by the early days of the ensuing sum
mer. The prQje t, which was 50 ridiculed during
all the years when it was simply proposal, so
discouraged when its projectors urged ii upon the
attention OF moneyed msn in 1862 IS, and so ma
ligned by those enyous of its success since that
success vns assured, will then be magnificent
fact, beyond contradiction or cayil
The bonds Of the Union Pacific Railroad Com
pony, which are for 81, 900 each, paying per
cent gold interest, and principal rcdeemable in
gold, are, by act of Congress, First Mortgage
upon the entire line The security is ample. the
profit good, ''specie payment" absolute, and it is
not strange that more than twenty millions have
been sold Of these securities within the past eigh
teen months. Further information concerning
them may be- obtained in the advertisement Of
the Treasurer Of the Company in another column
whoannounees where subscriptions may he made
PORTLAND AND Tue RAILROADS The committee
of the c0rpontors of the Portland aud Rutland
Railroad Company met on Friday last, at Port
land, and received report from the persons APP
pointed to confer with the directors of the Port.
land and Ogdepsburgh company. After full ex-
PLANTATION of all matters affecting the interests of
the two corporations, and q concurrence of opin-
ion that harmony of action in reference to q com
mon trunk line from Portland to the valley of the
great Ossipee River was necessary and desirable.
the directory Of the Portland and Ogdensbureh
Railrrod stated that surveys Of three lines, or
three different routes, were to be Immediately I'm
iertaken by competent engineers and until the
return OF said surveys their company could take
10 Official action upon the matters under consid-
ration. They were decidedly of theopinion that
.he road would be of vast Importance to the bu-
illness interests Of Portland. A communication
vas received from Judge Fowler president of the
New Hampshire Central Railroad Company, in
which he says he regards the measures now in |
progress in Portland as favorable to the success
II the enterprise, and shall advise the several |
in New Hampshire and Vermont,
low engaged in taking up subscriptions, to pros
cute their work with renewed vigor in full as-
urance that the city of Portland will aid the
obstruction Of the Portland and Rutland Rail- |
DAD as soon as the means raised upon its route
hall furnish adequate and satisfactory security
or the loan Of the credit of the city