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Special Joint Comm. on Berkshire Rail-road Corporation. Report, 1841
Senate No. 49 A Special Joint Committee of seven men responded to a petition re the Berkshire Rail-road Company on March 8, 1841. The rail-road
was originally incorporated in 1837 to construct a rail line from the Connecticut line, where a rail-road was under construction, north to West
Stockbridge, where it would connect with the Western Railroad in the north, making it a direct line to Long Island Sound. When the Western Railroad was
finally built, it passed through West Stockbridge in a different way, so the Berkshire Railroad had to build extra track to make the link. A good
contractor was ready to do the work, but the corporate stock was selling slowly. Berkshire Railroad wanted a loan from the state to get the work finished.
There was a long discussion about why this was a good idea. An Act to aid in the construction of the Berkshire Rail-road, 1841. The Treasurer was to
issue scrip for $100,000 at 5% per annum payable twice a year. When the corporation had raised $250,000, and $75,000 had been spent on construction,
$25,000 would be released. After it spent another $75,000, $25,000 more would be released. When the effort was completed, $50,000 would be
released. The next section set the parameters for repayment. (Digitized from a microfilm copy of title originally held by the Library of Congress).
Title:   The committee to whom was referred the petition of Robert F. Barnard and others, in behalf of himself as President of the Berkshire Rail-road Corporation, and also in behalf of certain stakeholders in said corporation, beg leave to submit the following report.
OCLC Number:   1422028266
Available Volumes
NameFiche CountOnlinePaper Backup
Vol. 1YesNo