The Newtown bee., 1878-07-18
New York and New England Road.

On Wednesday last one of the direct
 ors of this road and capitalist friend tC
 the enterprise were in Danbuiy on q tour of inspection of the line. In this connection we see something encourag.
 ingly significant in the following from the Boston J0,0nnt of Monday:
 Since the refusal of the Legislature to
 grant the six million loan in aid of the
 New York and New England Railroad,
 the officers and others most inter s cd
 in the road, and who have the most im-
 plicit confidence in its future success,
 have hecn so active in their efTor tu
 raise mouey for it's completion and to
 unite in one all the corporate and other
 interests connected with it, that Satur- day MT. William T. Hart, the president, went to Hartford with Mr. Baldwin, the attorney for the corporation, for the purpose of notifying the Hartford, Provi- dence and Fishkill Railroad tlat they would pay the bonded debt of that road
 according to the agreement between the trustees of the bondholders of that road and the New York and New En gland Company, amounting to S2, O55, ,0O0. It is
 ,aid that this money has hnen raised from capitalists largely interested in the success of the enterprise, and that be- yond this sum the New York and New England corporation have substantially completed negotiations for funds suffi- cicnt to pay ali underlying indebtedness upon that road.
 It appears from tie report of the Legislative Committee last winter that the entire debt and liabilities of the New York and New England corporation amounted to S4 016, G90, and that the es- innate of the Railroad Commissioners of the cost of completing it to the Hudson River was S1 ,GO0 GOO. The total value of the property when completed was reckoned by the Commissioners at S12,- 6h5, ,475, including, of course, the New York and New England and the Hartford, Providence and FishkiIl with all the and the offer to the State was d first lien upon the whole pro pert as security for the loan of the SG, 0UJ, ,UO0 asked for The COmponwealth refused the offer and private capital now comes and accepts one precisely sim ilar. The character of the principal indicates that the New York and New England Railroad will be com pleted at a day not far distant,
 The Hartford Post of Monday editori- ally observes:
 It was announced\ this morning that the New York and New England Rail way company had decided to pay Octo- Der 1st the bonds of the Hartford, Provi- 1ence and Fishkill Railway, which will, with the payment of the Heating debt and the accounts of the trustees, enable 5he company to take possession of the road from Providence to Waterbury. The amount necessary to pay the bonds -S2, 055, ,000-is said to have been re- .eived from sources, and the cheerful is given that m re money will be forthcoming if wanted, where with to complete the road to the Hudson River and pay up the pressing obliga- ions. If the corporation alluded to has wanted anything in the past it has been money, but its more recent course would seem to indicate that money has beon 'omd and sagaciously used. If this step is taken and results in the speedy of the Hartford, Providence 1 tnd Fishkill road to Fishkill the inhabi- ants of this part of the State, and es- ,ecially of Hartford, will have reason to l le glad that the New York and New l England Company was driven to this | ,xpedient to gain control of an import | mt connecting line. DaRbtny Netcs.