Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1871-07-26
Good Words Tor the R. R. Project.

NUnu " NEUe lAl tuN - n ~
Tat car reaiers may zee hos 'he 7. a
ORR. rroieet is regarded abroad We
insert The following endorsement Of q and
IL b5sls-the frsi from the \. l. lsse-
psrssuf. aud she sccoui from the Bos'on
Couusaraal'L,-bOih Tapcrs q high au-
thoriiy sal whose endorsement ua7 given
after a thorouga investigator d be elaims'
Al ISroGraSr RAILwaY ESTRFEIsE
n Nrw ESsnSb.-The rapid develop
opment Of she great West, audits constant
augmentation in population aud rTofao's'
call for increased facilities OF trasToria-
ton from the great lakes to cur seaboard
towns and cities.
These the thrifty people Of New Eng
land have determined to supply BY CON-
Melting the Portland and 0gdensburg
Railway, connecting these two important
commercial oeatcrs.
4 road is nov constructed and IN oper-
alton from Oglcnsburg to Swanton, near
the Eestern terminus Of the Vermont d.
vision. More than half Of the section be-
tween Portland and the Connecticut River
is already complsted and in successful oP-
Grafton, the grading Of the middle or Yer
mont division is mere than balf done, and
the iron for between thirty aud forty miles
Of this section has been purchased, aud
will be laid during this season.
The directors are taken from among
the leading enterprisiug citizens, who,
having been the architssts Of large per-
sonal fortunes, have lssa entrusted With
the control of this iGI ortant enterprise,
prominent among whom arc the Messrs.
Fairbanks & Co, who have been selected
as the Company's financial agents for the
management of the Vermont section Of this
road.
This section is bonded at $4,000 per
mile, which, with the liberal local aid con-
tributed by every town and city along the
whole line, without an exception, will be
more than sufficient to build and fully
equip the read.
The financial agents, well known as
among the shrewdest and most conserya-
tive business men Of the country, have in
vested largely in the stock Of the ComPa-
ny, after a thorough canvass by each
scbool-distric! of the prospects Of the road,
which is security and an endorsement
rarely given to a railroad enterprise.
They satisfied themselves by actual cal
culation that the local business alone will
pay operating expenses aud interest upon
the small bonded debt; Of which We do
not doubt, for By looking over the map
we find the road passes through a town,
village, or city every six or seven miles
over the whole distance, in nearly all Of
which there will be found available water.
power for manufacturing purposes and
generally fine farming country The
valley of the Lamoilo is one Of the rich
est agricultural and grazing sections in
New England. The foreign traffic cannot
fail to be largely remuneratiye, the dis
lance over this new outlet being less and
the grade easier than on other routes,
with the attraction of q splendid harbor,
affording natural means for reshipment of
merchandise and furnishing in itself a
market Of no mean Importance, Portland
last year had business of upward Of
$50, 000,000) connecting as it does with
Ogdcnsburg. which may be said to be the
eastern outlet to the great lakes during
several months Of the year, and at all sea-
sens the eastern terminus Of safe naviga.
ton.
We submit, then, that the Importance
of this read is very great not only to the
section through which it passes and vii
speedily enhance in wealth and increase
in population, but to the great West, which
produces, and particularly the populous sea
board which will consume. From 3Cto 50pr
ct. of the produceof the country drained By
the great lakes has hitherto net been mar
keted, for lack Of transportation and frou
one-thirl to one-half the cost of cere ais
provisions. cattle, etc. consumed here il
chargable to heavy freights. Let US. BY
all means, then, aid in buildings such reads
In the case presented there is every as
surance that the earnings of the road vii
be highly remunerative, and that the bus
mess management is confded to safe hands
A New AND EXCELLENT SECURITY
The first mortgage bonds of the Vernon
division of the Portland and 0gdensbur,
Railroad line are advertised in anoihe
part of this paper. The road has beei
u .