Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1871-11-01

school buildings at Waterbury, but fortunately
the fires were discovered, and no damage done.
There is evidently somebody about Waterbury
making bid for States prison, instead of the
Reform School, and the sooner they get to States
Prison the better it will DO for the community.
p. & o. RAuRoAD.-From the detailed report
made at Portland last week, it appears that from
Swanton, Just above St. Adams, where the new
road uniies with the old Ogdensburg road, the
distance across northern Vermont to Concord on
the Connecticut river, opposite Dalton, y. H., is
lis miles, and of this some 80 miles are now
completed BY December lst, it is expected that
"a miles will be finished while Of the remaining
O., ten miles are now graded 1t believed that
the whole Vermont division Of the road will he
finished in 1872. From Portland to North Con-
way the distance completed is GO miles. Between
North Conway and the Connecticut river at Dali
ton some 80 miles moro are to be built and tho
corporation voted at their meeting, last Monday,
in Portland, to raise s., 100000 by the sale of
bonds to build this piece of the line and $780,
coo more 10 fund debt incurred between Port
land and Bartlett, n. H. 1t is not impossible
that the whole line from Portland to Swanton,
Vt, may be open for travel in 1873.
OF the Vermont Division Of tins road New
York paper says
Cargoes of wheat are now being shipped direct
| from Duluth, via the lakes and the Meland Ca
nal to Ogdensburg, N. Y, and thence by rail to
the various Atlantic ports for shipment to Eu-
rope. The advantages of this northern route in
time and distance, over any other line built or
projected, gives special importance and value to
all eastern roads terminating at Ogdensburgh, as
| it assures 20 them an immense increase Of their
| through business. This fact alone assures the
most promising future to that New England
trunk line-the Portland and Ogdensburg--
which is rapidly pushing its way from the ocean
| to the lakes. Another season, these two cities
/ Portland with the best harbor on the Atlantic,
and Ogdensburgh the key to the immense traffic
| OF the West and Northwest-will be united by a
continuous line of rail. The saving Of more than
fifty miles in distance over any other line-the SUI
perior advantages possessed by Portland for the
storage and shipment Of grain and produce
guarantee to this new trunk line its full share Of
the immense traffic which is sure to seek the
shortest and quickest route across the continent
Add TO this the local business which must nee
essary flow to a line crossing that portion OF
New England, the richest in agricultural re-
sources and manufacturing facilities, and tho
pleasure travel which must always be attracted
toa route more fortunate than any other in the
eastern states in the charms of its unryaled
scenery and the sure and brilliant success of this
New England enterprise can easily be seen. Such
a trunk line, whose geographical position place,
it beyond the reach of successful competition
cannot but prove one of the most profitable in til,
country.
Given a railroad with business created, ant
only waiting its completion sufficient to tax il
transportation capacities 10 the utmost, and you
need not the inducement of an extrawgant rat,
of interest to make It's securities among thu
most popular in the market. 1t is this which
has created the demand for the bonds of the Yer
mont division of the Portland and Oglensburl
railroad. The loan is being rapidly absorbed b,
our most conservative investors and in spite 0
the recent stringency in the money market tn
sale OF the bonds has been more rapid the pas
two weeks than any previous fortnight since they
were offered to the public.