Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1870-05-12
[From Troy Times.u
Important Railroad Arran cement.

[From Troy Times.ll
Important Railroad arrangements.
INFUSION OF CAPITAL INTO THE RENs-
sELAER AND SARATOGA RAILROAD
CoMPANY-THE Coal AND LUMBER
TRADE-SCHENEcTA TO BE COAL
DEPoT-CHEAP Coal IN FUTURE.
The Rensselaer, and Saratoga Railroad
Corporation is bound to be one of the
largest companies in the country. Itnow
owns or controls nearly two hundred miles
of road, and its enterprising management
is constantly on the lookout for new aven-
ues of trade and means of usefulness. An
arrangement has just been made whereby
these have been secured, and as we be.
lieve the interests of both the company
and our citizens mutually promoted. In
order to accomplish all that was desired
it was necessary that the company should
be materially strengthened financially,
and with this end in view portion of the
stock owned by our citizens has been dis.
posed of to parties who will bring into the
management of the road great executive
ability, important connecting railroad
links, and financial strength scarcely
equalled in the country. One-third OF
the capital stock of the company has been
disposed of to the Delaware and Hudson
Canal Company, which is the owner of
immense coal fields in Pennsylvania, and
the lessee of the Albany and Susquehanna
railroad, and one-sixth of the stock has
been sold to Commodore Vanderbilt. This
accession to the financial strength of the
company will enable the directors to go
on with the enterprises they have in
view, which comprise some of the most
important and valuable auxiliaries to
local growth and development that have
been made in the way of railroad connec-
tions for some years, while at the same
time they continue in the hands of this
railroad company the control Of the traffic
of large section of country.
The capital stock of the road is now
So, 100000. This is to be increased by
calls upon the stockholders until a sum
sufficient is realized to meet all the wants
of the company, whethere it is one, two
or three millions. With this amount the
road bed is to be improved, the rolling
stock increased, and great improvements
made on Green Island, in the way of
buildings, docks, &C., and also at White
is to be the eptrep0t for all the coal Of the
north and for much of the northeast. The
Delaware and Hudson canal company will
deliver it at Duanesburgh, from whence a
road is now being constructed to Schenec-
tady. Here the RENSSELAER, and Saratoga
Railroad Company will take the coal and
convey it north and east by means of their
road from Schenectady to Saratoga and
the north; while the Troy and Schenec-
lady road will convey it to our doors, de-
lvering it here at cheaper rates than it
IAN be delivered by water transportation. !
The amount of coal annually consumed
n this city is 100000 tons, and the saving
% our citizens by this direct connection
With the coal mines will amount yearly to |
hundreds of thousands of dollars. Even if |
he amount thus saved is only at the rate
If on q dollar per ton, we have here a sum
If 100000 kept in the city instead of
)eing sent off to enrich the coal monopol-
SITS of Pennsylvania. The Rensselaer, and |
saratoga people also intend by increasing
heir ia cilities to control the lumber and |
re business of the North, which will
each them at Whitehall, and it is claimed
y them that the ores of Lake Champ
an be delivered at Scranton cheaper by
heir route than by any other in exist
nee.
In addition to the cor bination already
ffected, parties are now negotiating with
he company for the construction of line
rom Moreau down the Hudson to Me-
If this road is constructed
he Rensselaer, and Saratoga road from
Troy to Whitehall will be only sixty-two
ni1a in a. g
eet to the mile. It will follow the west
hore of the Hudson, just as the Hudson
tiver road follows the east shore, and the
ime will perhaps come when it will con
titute part of direct railroad, controll-
d by one company; from Now York TO
'anada. OF course the route from Sara
oga to Moreau will be operated as at pre-
entiuntil the river road is built.
The Rensselaer, and Saratoga Company,
7itn its present alliance and infusion of
apital, may in future be considered as
ne of the wealthiest and strongest lines
n the country, and there is scarcely a de- ]
irable combination which it cannot reas- ;
nably hope to effect.
Many of the points mentioned in the
bove article as applicable to the city of l
roy is equally so to Rutland, especially I
he matter of the delivery of coal The
irect delivery of coal alone by the new
onnections of the Rensselaer, and Sara {
oga railroad will be a saving of thousands
f dollars to our citizens. The people of =;
.utland, we have sometimes feared, did !
OF truly estimate the true value of the j
Iensselear and Saratoga railroad, to this !
own often influenced by q local manu-
actured prejudice, but if our townsmen
viii examine the facts as they have ex-
sted in the past and consider their ar !
for the future, they will as {
ertain that it is one of the most impor-
ant lines for the benefit of Rutland that
as its terminus or makes central point
ere. We say this, not in disparagement
0 any other route, but from a sense Of
lstice to a road which, we believe, has
OF had its just estimate in Importance to
ur town