Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1870-12-22
THE RUTLAND HERALD.
WEDNESDAY, DECEMBER 81. 1870.
Portland and Rutland ltailrOssd
Company.

WEDNESDAY, DECEMBER 81. 1870
Portland and Rutland Railroad
Company.
We lay before our readers the proceed
ings of the meeting Of the Portland q
Rutland Railroad Company, held at Fort
land on the 10Th of December. The HUT
land & Woodstock Railroad was repre-
sented by John Cain Egg, its President
J.J. r. Randall its Engineer, and Luther
G. Green Esq. of Woodstock, editor OF the
Standard. The spirit of the meeting and
its harmony ia an augury OF success to the
enterprise. We believe now is the time
TO take hold of this enterprise and join
hands with those gentleman who are en-
deayoring to build this great trans-conti.
mental line of railway to the pacific coast.
Rutland should see andaappreciate its
true position in this matter, for road
from Rutland to Woodstock is inevitable
if it does its share of work. The length
of the proceedings forbid our saying more
on this subject at the present time. The
following is from the Portland Press:
The first meeting of the stockholders
of the Portland & Rutland Railroad
Company. under the call published in the
Maine Democrat, the Portland DAILY
Press, and the Eastern Argus, for the 10Th
of December, took place In the Common
Council room in the City Building, yes
terday morning. There was quite large
gathering present, of some thirty or more
gentlemen, including many from out of
town, among whom we noticed Col. w.
d. Smith of Oswego, N. Y, John Gain.
Esq, editor of the Rutland, vt. Courier,
Luther o. Green. Esq. editor of the
Woodstock, VT. Standard, Caleb K, Aver,
Esq, of Cornish, J. W. Lane, Esq, Of
Hollis, Col. Moore OF Limerick. j. M.
Davis. Esq of Parsonfield, j. j. r. Ran
dali, E-q, of Rutland, Vt, and Others.
The meeting was called to order by
John A. Poor, E-q., chairman of the Ex-
ecutive Committee, 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 build
ing of the Grand Trunk Railroad the
valuation of the city was but $7,000,000,
and now it was $30,000,000. This showed
what railroads had done for the city. He
wasn't afraid of too many railroad enter
prises out of the city. John Neal, Esq,
was then elected clerk. AS Mr.. Wood.
man was necessarily called out of town,
he abdicated the chair in favor of Hon.
Allen Haines. Mr.. Poor stated that pre-
paratory to taking up the next business
of the meeting, it would be in order for
all who wished to subscribe to the stock
of the road to do 30, and the subscription
list wac placed OH the clerks deck. Mr..
Poor moved that committee of three be
appointed to announce whether the pre-
liminary legal steps to this meeting had
been properly taken. The motion was
accepted, and the chair appointed John
A. Poor, N. G. Rice and Moses Gould
said committee.
While the committee were out, Mr.
Cain, of Rutland, VT, was called upon by
Judge Fowler 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 de-
sirable, however, to see the shovels at
work on the line, and then people would
put more faith in it. He had great con-
fdence in the success of the road, and
drew very interesting picture of the
work in progress on the line of the pro.
posed railway in the Green Mountain
State. He said that if shoulders We're 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 opportunity.
At the conclusion of the remarks OF Mr..
Cain, Mr.. John A. Poor, on the part of the
committee, reported that the requisite
amount of stock had been subscribed to
authorize the organization of said COM
pany, and the proper legal notices given
in the Maine Democrat published at Bid
deford, in the county of York. and in the
Portland Daily Press and Eastern Argus
in the city of Portland, and it was
Voted-That the stockholders accept an
act in addition to an act to incorporate the
Portland & Rutland Company, approved
March 10th, 1870, authorizing the Port.
land & Rutland Go. to take the name OF
the Portland, RUTLAND, Oswego & Chicago
Railway Company, by vote of the stock
holders thereof at the time of the organic.
alton of the company.
The clerk read the act of Incorporation.
Mr.. Poor made few remarks, speaking
of the great advantages that would be de-
rived from the building Of this road, and
of the assistance and good wishes pro-
missed ON every hand. When this line is
completed, said he, the circuit of the
globe will be reduced from so to 6S days.
On the 9th of last September, the sur
veyors reported very easy line from Us
wego to the Hudson River. Prominent
men have subscribed largely to this road.
Gov. Stearns, of N. H., has expressed his
= sympathies with the road, and said that
he would build Al miles towards Portland
The friends of the line in Woodstock have
elected Hon. Frederick Billings director
in it. At Woodstock was the only OBJ
stacle to contend against in the shape OF
the Green Mountains. Commodore Van
derbilt wanted to build the road, but the
friends OF the road were already commit
ted elsewhere. He called upen 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 outlet, and they were
going to build the Ontario 81 Lake Shore
Road To DO so it was necessary that
every town should be bonded by the first
of January. That work would be COM
pleted this week. They bad dropped the
Western roads and would bend their en-
ergies from Oswego to Portland. This
road will be completed. Oswego is at the
foot of chain Of great lakes, with all the
facilities for doing large business. Port
land possesses noble barber. There is
nothing between here and Oswego that
cannot be knocked down. He spoke of
the immense amount of -four collected at
Oswego, some million and half of bar
rels. For putting down freight they
have the Midland and the Lackawanna
Railroads, but they want a water Gem
munication with Portland. They lave
got enough stock to organize the company,
but not more, for it is a wild country the
new road is proposed torun through. The
Boston people have urged them to 20
south from Bonneville instead of north.
The question then il. which shall il be ?