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Medford Historical Society Papers, Volume 7., An eighteenth century enterprise. (search)
y thirties the work on the railway progressed, the canal company, to quote Mr. Dame, assisting in the preparation for its own obsequies, not only in the delivery of the stone ties on which the rails were laid, but in the transportation to Lowell of the two locomotives (Hercules and Stevenson), purchased in England. There they were set up; and as thirty-three years before, the waters of the Concord flowed southward toward Boston, so did the first steam train take the same direction on June 24, 1835. In '38 the dividends of the canal dropped to $20 per share, but still hopeful, the managers kept the canal in order, and in '41 built, at a cost of $5,000, what remains today a monument in granite, the aqueduct at Shawsheen river. While we may wonder at such outlay under existing conditions, we can but admire the courage and faith in the enterprise the corporation had. It seems that soon after Mr. Eddy took charge that he scented the coming danger, and in an early report said: Rail