Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1871-06-28

mQ>i tIltAlAt f0trihiN tet HA4--St-tt
damages had not been included IN the e.
innate. II being taken for granted that the
land owners on the route would give the
right Of way.
MIR. SAKE called for the reading Of the
subscriptions to the capital stock Of the
compsuy, which, amounting TO 30 shares
we're read By the Secretary.
Mr.. SAKE morcd that the subscription
books he now closed for the time being
and that meeting Of stockholders be
called al some day to be fixed by the Com
uissiouers, TO elect Directors Of the cum
pany.
Mr.. Moves said that a little eSplana-
ton of the motion nigh, be desirable. The
only organization under the charter, thus
far. had been the Board Of Commissioners
to receive subscriptions of stock. But It
was evident that the important interests
involved now demanded further action
With some perhaps opposing interests,
with Others Indifferent, it was desirable
that the enterprise should be placed in
some responsible charge, and that its con-
troll should be in the hands of its friends
The amount of stock necessary to comply
with the law before electing Directors had
been subscribed, and the permanent Or
ganization was the next thing in order
lie believed that with united effort the
road could be built. We had seen the
line with which this link is to connect,
prosecuted under great disadvantages, till
now its completion was assured. With
such an example there was no need TO
doubt the success of the enterprise. As
a citizen of Burlington he could say that
Burlington was waiting to receive its
friends in northeastern Vermont; was de-
sirous to bring back the old connections
and trade with the Lamoille Valley, and
felt strong interest IN this enterprise
Before The vote on the motion was taken
he hoped to hear from other gentlemen
interested.
Mr.. Glced said it was Of obvious i'm
portauce that the organization OF the com
pauy should be in the hands Of its friends
with subscriptions of so shares apiece by
such men as the .Iessrs. Fairbanks and
Brigham, no one could doubt it meant
business, and that il was intended that
this road should be built. The route was
the natural outlet of the Lamoille Valley,
and the inhabitants of that valley wanted
this short cut to Burlington.
Mr.. Brigham. having been called up,
said that there was no longer any doubt
of the completion of the Lamoile Valley
Road. He had recently seen statements
made by a correspondent of the Boston
Advertiser calculated to throw doubt upon
the result; but they were wide of the
truth. The road had progressed steadily
from the first. The towns in Franklin
county subscribed $500, 600, or something
over $4,000 mile fol the portion run.
ming through that county. Lamoille coun-
ty had also subscribed over Sl0, 600 a
mile. The eastern end had not done quite
so much. but the stock subscriptions ex-
ceeded $4,000 a mile for the whole
length of the road. About $500, 600 was
in individual subscriptions, of from one to
ten shares apiece. The collections of the
assessments had been promptly made.
They had over 1000 men at work on the
line. They had met all their payments
without borrowing dollar. They had
steadily increasing surplus of funds in the
treasury. They should have running be-
fore winter some 30 miles from St. Johns
bury west, aud 20 miles from Swantou
cast. 1t was the peoples road. The
land damages, which are commonly such
an item of expense, had been triAing
burden with them The entire land dam
age for 40 miles of their track was not
$500. The owners had been told that
when the road got to running and was in
funds they should have something-from
S25 to $50 per acre-for the land so re-
linquished, and they had demanded no
other consideration When the people
took hold in that way nothing could stop
such an enterprise. This new link can be
built in the same way. The people on
the line must take hold of it. 1t would
not be necessary to embarrass themselves.
Let each contribute according to his abil-
ity. There was ten times the money in
the country that there was when the first
Vermont roads were built. Let the land
owners on the route give the land foi the
track, as they could afford to; let individ-
uals take from one to ten shares apiece
The would not work alone. The Lamoile
Valley wants this road and should 90
something, though having undertaken SO
much for their own road they could not
do much. St. Johnsbury wants this road
and Burlington wants it and with . proper
effort it can be built by year from next
fall
Mr.. Brighman spoke earnestly and was
heartily applauded.
Mr.. Fairbanks, being next called out,
gave brief history of the construction of
the Lamoiie Valley Road. Montpelier
was at first their objective point from st.
Johnsbary. But Montpelier, thinking
the project perhaps chimerical or too cost
ly, did not respond. They then turned
TO the Lamoille Valley, and found friends.
They resolved not TO commence construc-
ton till they had secured stock subscrip-
tions to the amount Of $4,000 a mile.