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Medford Historical Society Papers, Volume 1., chapter 15 (search)
Boston Transcript of Sept. 1, 1830, remarks: It is not astonishing that so much reluctance exists against plunging into doubtful speculations. . . . The public itself is divided as to the practicability of the Rail Road. If they expect the assistance of capitalists, they must stand ready to guarantee the per centum per annum; without this, all hopes of Rail Roads are visionary and chimerical. In a report of legislative proceedings published in the Boston Courier of Jan. 25, 1830, Mr. Coggswell, of Ipswich, remarked: Railways, Mr. Speaker, may do well enough in old countries, but will never be the thing for so young a country as this. When you can make the rivers run back, it will be time enough to make a railway. Notwithstanding the pathetic remonstrances and strange vaticinations of the canal proprietors, the Legislature incorporated the road and refused compensation to the canal. Even while the railroad was in process of construction, the canal directors do not seem