Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1882-03-13
The "ParaIIeI'' Railroad scheme.

AEEOl4 AHS E1AIN4oEA A-L-e5I
In Connecticut there is a good and lib
eral general railroad Law. 1t was enacted to
save the State from applications like this
one of Blood and Pool Under its compre-
hensive provisions, any sound and real com
pany, who really mean to build a railroad,
can be incorporated and proceed to business
But Pool, Blood d Co. ask Connecticut to
grant them special privileges. They want
sort of rowing commission, to go where, and
do what, they please. The authority 10 is
sue bonds is said to be loosely and generally
drawn. The whole concern is regarded with
suspicion. There appears to be but little bot
tom to it. 1t is, in word just such char
ter as would be highly valuable in the hands
of few owners who were ready to sell 1t for
the highest price.
This road seems to be sprung upon the
people of Connecticut unannounced, and in
the absence of any special need of it 1t is
said that it proposes to cross the Connect
cut by bridge, at Essex, and so eastward
through the State. without much regard to
towns or localities, to some uncertain point
in Rhode Island The Rhode Island people
say they know nothing about it, and do not
want it. 1t is said the engineer who sur
veyed for the proposed road the various lines
Rhode Island people that he was authorized
to say that the new company would use the
track of the Ponagansett road 1.-THE partly
built road to connect Providence and Spring
field through a part of eastern Connecticut
and Rhode Island. But the officers of the
Ponagansett road Indignantly deny this, and
have been here to ask the Connecticut LAgis-
lature to grant no railroad charters which
will permit any other road to use their line.
The Providence Journal recently printed
statement from Mr.. Blood to the effect that
Marshall Jewell had no pecuniary interest in,
or control of, the proposed road in which bis
name figures. This statement, 1t is said, was
shown to Mr. Jewell, and the report is that
he said it was true. The estimated cost of
the road through Connecticut IS between
IS, 600, coo and 1900, 600.
A New York paper said month ago:
lit is reported that the Pennsylvania rail
road company intends to back the proposed
new line from New York to Boston"
This is improbable. All the indications
point rather, to a select syndicate who
want to get highly valuable special charter
and then sell it. Any real railroad enter
prise, that is needed and can raise the money
for its construction, can show the men and
the money, and the exact route proposed,
and can afford to pay in the / per cent re-
quired in good faith under our general rail
road law.
Hartford letter to the Springfield Repl5-
Ecdn hit the real case little nearer, thus:
"a favorable report by the committee is
anticipated, but the fate of the measure in
the General Assembly is quite doubtful.
The impression seems to gain ground, in
spite of protests to the contrary, that the
gentlemen whose names are on the petition
are not the real parties, but others who de-
sire to use the charter as means of bringing
the Consolidated road to TERMS
The good nanre of our State, aud It's best
interests, require the Legislature to pause
before granting such a remarkable special
charter to alleged capitalists or owners who
decline to show themselves or their names.