The Portland daily press., 1870-12-16

I'll published in the Maine Democrat, tb'
Portland Daily Press, and the Eastern Argus
for the 18th of December, took place at thu
| Common Council room in the City Building
yesterday morning. There was quite large
gathering present. of some thirty or more gen
tlemen, including many from out of town
among whom we noticed Col w. D. Smith, o
Oswego, N. Y, John Cain, Esq, editor of the
Rutland, Vt. Courier, Luther O. Green, Esq
editor Of the Woodstock, Vt. Standard, Calet
r. Aver, Esq, of Cornish, J. w. Lane Esq.
OF Hollis, COL Moore, Of Limerick, j. M Dav
is, Esq, of Parsonfeld. j. w. Randall, Esq
OF Rutland, VT, aud others.
The meeting was called to order by John A.
Poor, Esq, chairman of the Executive Com.
mittee, who read the call and nominated Hon.
George w. Woodman for chairman, who was
duly elected, and upon taking the chair made
short speech, in which he said before the
building Of the G. T. R. R. the valuation OF
the city was but $7,OOO,OO0, and now it was
$300O0OOO. This showed what Railroads had
done for the city. He wasn't afraid of too
many railroad enterprises out of the CITY,
John Neal, Esq. was then elected clerk. As
Mr. Woodman was necessarily calle1 out of
town, he abdicated the chair in favor of Hon.
Allen Haines. Mr.. Poor stated that prepare
tory to taking up the next business of the
meeting, it would be in order for all who wish
ed to subscribe to the stock of the road to do
80, and the subscription list was placed on tho
clerks desk Mr.. Poor moved that a commit
tee OF three be appointed to announce whether
the preliminary legal steps to this meeting had
been properly taken. The motion was accept.
ed, and the chair appointed John A. Poor, N.
q. Rice and Moses Gould said committee.
While the committee wero out, Mr.. Cain, of
Rutland, Vt, was called upon by Judge Fowl
er Of Bristol, N. H., to state what the prospects
of the road were in Vermont. Mr.. Cain said
no parallel road will interfere with this route.
1t was desirable, however, to see the saovels at
work on the line, and then people would put
more faith in it, He had great confidence in
the success of the road, and drew very inter-
esting picture Of the work in progress ON the
line of the proposed railway in the Green
Mountain State. He said If shoulders were
not put to the work now, by those who were
DESTROYS that the road should come to Portland
other parallel roads would be constructed,
which would snatch away the golden oppor-
unity.
At the conclusion Of the remarks of Mr..
Cain. Mr.. John A. Poor, on the part of the
committee, reported tha- the requisite amount
OF stock had been subscribed to authorize the
organization of said company, and the proper
legal notices given in the Maine Democrat pub
lished at Biddeford, in tie county of York, and
in the Portland Daily Press and Eastern dr.
gus in the city of Portland, and it was
Voted-That the stockholders accept an act
In addition to an act to incorporate the Port
10th, 1870 authorizing the Portland 8 Rutland
Railroad Go. to take the name of the Portland
Rutland, Oswego B Chicago Railway C0mpa-
ny, by vote OF the stockholders thereof at the
time of the organization of the company.
The clerk read the act of incorporation.
Mr.. Poor made few remarks, speaking Of
the great advantages that would be derived
from the building of this road, and of the as
sistance and good wishes promised on every
hand. When this line is completed, said he,
the circuit the globe will be reduced from so
to 68 days. On the 9th of last September, the
surveyors reported a very easy line from Oswe-
60 to the Hudson River. Prominent men have
subscribed largely to this road. Gov. Stearns,
CT N. H., has expressed his sympathies with
towards Portland. The friends of the line in
Woodstock have elected Mr.. VIM. Billings q
director in it. At Woodstock was the only OBJ
stacle to contend against in the shape of the
Green Mountains. Commodore Vanderbilt
wanted to build the road, but the friends of the
road were already committed elsewhere. Hs
called upon Col. w. d. Smith of Oswego, for
some remarks.
Col. Smith said that the gentlemen had come
together to try and do something permanent
That the Oswego people wanted an ocean out
let, and they were going to build the Ontario &
Lake Shore Road. To do SO it was necessary
that every town should be bonded by the first
of January. That work would be completed
this week. They had dropped the Western
roads and would bend their energies from o g.
wego to Portland This road will be complet-
ed. OswegO is at the foot of chain of great
lakes, with all the facilities for doing large
There is nothing between here and Oswego
that cannot be knocked down. He spoke of
the immense amount of -four collected at o.
wego, some million and a half of barrels. For
and the Lackawanna railroads, but they want
a water communication with Portland. They
have got enough stock to organize the compa-
ny, but not more, for it is wild country the
new road is proposed to run through. The
Boston people have urged them to go south
from Bonneville instead of North. The ques.
ton then is, which shall it be? Boston or Port
land? He thought both points could be accept
ed, for what helped Portland helped Boston,
and vice-versa. Whatever roads are opened
to the sea coast they must help the towns on
the coast.
Mr.. Cain, on being asked the grade of the
Rutland & Woodstock Road, said it was not
more at any point than 80 feet to the mile
hot x1n road in Of .o1sl
with the other companies in the line from Port
land to Chicago, for they did not wish to nego-
tiate with Vanderbilt il they could do better.
No doubt Vanderbilt would build it il he could
have it. Mr.. Cain thought capitalists would
rather take hold Of consolidated road.
Col. Smith here said he hoped that the point
to be considered to-day whether they wanted
a road from Portland to Oswego) would be ad
hered to, and not to consider the bats held out
BY other side lines to destroy it,
Mr.. j. w. Randall, the engineer of the Rut-
land & Woodstock R. r. said he had made
survey between the two places. The distance
was about As miles: The altitude was 1185 feet
at the summit of the mountain above the track
of the Rutland & Burlington R. R. The dis
lance from Rutland to the summit was IS IA
and the grades were pretty uniform. The
toughest place was spur OF the mountain
that you had to 60 around with a grade Of 80 |
to 95 feet, but there was No other place where
the grade would exceed 80 feet, and in many
places the grade would be from 60 to 70 feet
Near the summit it would be advisable to con-
struct tunnel Of about 800 feet in length
The great expense of the road would be be-
tween Rutland and Sherwood. He thought it
could be built (the Rutland & Woodstock r.
R. for about $45,OOO mile. Would be pre-
pared to contract at $4,000 q mile.
Mr.. Luther 9. Green, secretary Of the Wood
stock r. r. Woodstock to White River juno
tion) said that road was under construction at
cost of $50 600 mile, and that at present,
W ork was suspended while negotiations were
in progress. They had always believed at
Woodstock that the through road would be
completed. If they had not believed it it would
have been impossible to have got the town
to furnish 100000 Everybody almost, in that
town of 5000 inhabitants was subscriber, and
they had put in $235,0OO to the enterprise.
Judge Fowler said that the road from the
Maine State line to Danbury was short one.
Governor Stearns aud Mr.. Minot had said that
they would build the road from Bristol to Dan
bury and also from Danbury to White River
Junction, and they will it. A million dol
lars was ready to put into it as soon as it starts
from the eastern terminus at Portland.
Messrs Lane Of Hollis, Moore of Limerick
and Davis of ParsoDsfeld, all spoke of the in
terest taken in the road in their vicinity.
The act to incorporate the Portland & Rut-
land railroad, approved March 10th. 1870, au-
Rutland, Oswego & Chicago Railway Co. was
unanimously adopted. A set of bylaws were
read and adopted, presented by w. Il. Fessen.
On motion of Col. Smith the first Wednes-
day in August was appointed for the annual
meetings of the company. The following we're
elected Directors: Gilbert Mollison of Oswego,
N. Y; William McEchron of Glen Falls, N.
=; R: 7. Hough, West Leyden, N. Y; John