The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1876-10-12

[From the Boston Globe.l
THE CENTRAL VERMONT,
The Work Of Its Management-some Note
worthy Figures-Its Future, Provided tho
proner Course ia Taken

The Work Of Its Management Note
worthy Figures-Its Future, Provided tho
Proper Course is Taken.
Very few Of our citizens or of the in
habitants OF New England generally have
any idea how closely connected is the COM
bination of railroads known by the general
name Of Central Vermont, with the CON-
mercial and agricultural interests of CEN
trail and western New England, and also
with the business interests of this city.
1t operates 800 miles of road, in lines that
reach from Ogdensburg and st. Johns on
the west and north to Bellows Falls, New
ward Boston and New York. Thus, one
can see ct glance that it belts the entire
part of middle and western New England.
1t is its chief avenue for Imports and ex-
ports, its main dependence for the develop
ment of all its great industrial interests,
while with the Grand Trunk and Great
Western, and the short lines which unite |
the Connecticut River and Boston, it forms |
one of the direct connecting and competing |
lines from Chicago aud the farther and |
greater West and Northwest TO the sea-
board. Of this competing lire our city ia
the natural and inevitable terminus. When |
the Georgian Bay route, now in the pro-
cess of construction, is completed, route |
uniting Duluth, the terminus of the North |
ern Pacific and the Grand Trunk, an enter
prise the management of the Central Yer
mont is doing its utmost TO help forward,
Boston will be a hundred aud twenty-five
miles nearer the region Of the Northern
Pacific, "the great granary of the country"
as it is already called, than New York city,
and two hundred and twenty-five miles
nearer than 1t is at present by the route
around Lake Michigan, through Chicago
AS a citizen of Boston, solicitous for its
material prosperity, and jealous of any
thing that promises to place it under the
domination of persons or cities or corpora
lions whose interests are hostile or autago-
nstic to it, would like to have our city
realize
WHAT THE CENTRAL VERMONT HAS DONE.
and proposes to do for it, and that at all
hazards it should insure its preservation in
| its present form and under its present man.
sgement. By sturdily and utterly refus-
| ing to combine with the other routes,
whose natural termini are New York, Phil
adelphia, Baltimore, it has saved Boston
from prices of western products and saved
her from such tariff upon the goods she
freights west as would have put her at the
mercy of these other cities. People won
der at the low price of Central Vermont
stock IN the market and that no dividends
are declared that just row the interest on
the bonds is passed. The stand tie road
has taken against the monopoly business,
fighting such railroad kings as Vanderbilt
and Tom Scott, is one and a very good
reason. Another is the bitcr and continu-
GUS litigation the managers, who for twen-
ty years have had the confidence of the
people and the support OF the courts Of
Vermont, have been forced to enter upon
would they keep the road from falling ia,o
hands unfriendly to the interests of New
England aud Boeton another reason 10
that the managers have determined TO keep
up first-class road through a eecond-class
country, and they have done what they in
tended to do. In all the 800 miles the road
|, runs through but one city of over 10 000
inhabitants, that is Burlington, Vt. 1t is
a road through farms, hamlets AMI villages
yet in rolling stock, in all manner of rail
road equipment, in road-bed, in the safety
, and dispatch with which it carries passen.
gers and freight it challenges comparison
with any road in the country. Another
reason is found in the universal depression
in business. If short road through {
, densey settled district feels it, how much
tsaRgiarJ pF!Hsst be the burden upon lonl
country? While surh fcs sR9sr rs ,nep people,
and Lowell and the Eastern are under tn,
: cloud, the F'itchburg, Boston and Alban,
t and the Old Colony declare less per ccat
q on all bonds under the pressure OF the hare
times, it is not to be wondered at that tn
Central Vermont, lowering its tariff o
: through rates and refusing to increase tina
f Of its local traffic and still keeping itself il
tip.top running order, should not fint
much money in its treasury just now owe
r and above what is required to meetrunnin!
: expenses. But the
8 THE CLOUD is BREAKING
: better times are awaiting the stock an
: bond holders, with all conflicting interest
n harmonized, as they are in the RAPID pro
Q cess of beng, with the annoying, distract
}. ing, ruinously expensive litigation at al
n end. AS it is, with the business revivin
e in all parts of the country, with the con
e fldence of the business men along the roa
6 in the management unabaled, with tn
. rigid yet not parsimonious economy nov
D put in practice in all the departments KEEP
e up, the long suffering old Central, Yer
q mont's best friend and Bostons protecto
from the monopolists, will continue TO b
4 the well operated road that it il, and 500
n will be good paying one as well. pre-
# dict that within two years from the first o
q next January the price of its stock wi
have quadrupled. l base this predlctio
y on the facts just mentiore1; harmonize
!, interests, lawsuits ended, the management
q enabled to turn their individual attention
:, to the development of business, the supper
II and confidence of the entire countr
= through which the road runs, and the prac
d tice Of economy Also in these othe
= facts The road has in the person of Gov
p. ernor J. Gregory Smith, its president, on
q of the most honest, fearless, enterprisin
n railroad men in the country, and one VIII
n acts on the true business principle that
road run in the real interests OF the publ
i in the long run will pay the stockholdei
the best. In J. r. Langdon, vice. president
), it has one Of the ablest financiers that Ney
a England has ever furnished, aud she hs
II done pretty well in the article of fnanciert
ii as everybody is ready 10 allow. AS on
!" worthy of the responsible place he occr
% pies, and able to second all the efforts o
his chiefs, these men have as their frs
. lieutenant j. w. Hobart, general super
II intendent, thorough superintendent of tn
If largest and most important combination @
Is railroads in New England; yet because h
seldom if ever leaves his post, that pos
being in the small, far-off inland village O
st. Adams, the headquarters of the Ger
trail Vermont, Mr.. Hobart's name ia hardl
known except as we see it appended to tn
newspaper advertisements of the Central
J. 1t should be known, because of the EN-
70 inent qualifications he possesses for the OF
70 fee he holds and because of the fin
n economical work that under the instruciio
Of the managers he has carried through sue