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Medford Historical Society Papers, Volume 1., chapter 15 (search)
. A committee was promptly chosen to draw up for presentation to the General Court a remonstrance of the Proprietors of Middlesex canal, against the grant of a charter to build a railroad from Boston to Lowell. This remonstrance, signed by William Sullivan, Joseph Coolidge, and George Hallet, bears date of Boston, Feb. 12, 1830, and conclusively shows how little the business men of fifty years ago anticipated the enormous development of our resources consequent upon the application of steam tadwick, William Appleton, William Sturgis, Charles F. Adams, A. A. Lawrence, and Abbott Lawrence; but no business ability could long avert the catastrophe. Stock fell to $150, and finally the canal was discontinued, according to Amory's Life of Sullivan in 1846. It would seem, however, that a revival of business was deemed within the range of possibilities, for in conveyances made in 1852 the company reserved the right to use the land for canalling purposes, and went through the form of electi