With the accession of business brought by the corporations at Lowell, the prospect for increased dividends in the future was extremely encouraging. The golden age of the canal appeared close at hand; but the fond hopes of the proprietors were once more destined to disappointment. Even the genius of James Sullivan had not foreseen the railway locomotive. In 1829 a petition was presented to the Legislature for the survey of a railroad from Boston to Lowell. The interests of the canal were seriously involved. 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 Hallett, 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 to transportation:-- The remonstrants take pleasure in declaring, that they join in the common sentiment of surprise and commendation, that any intelligence and enterprise should have raised so rapidly and so permanently, such establishments as are seen at Lowell. The proprietors of these works have availed themselves of _the canal_, for their transportation for all articles, except in the winter months ... and every effort has been made by this corporation to afford every facility, it was hoped and believed, to the entire satisfaction of the Lowell proprietors. The average annual amount of tolls paid by these proprietors has been only about four thousand dollars. It is believed no safer or cheaper mode of conveyance can ever be established, nor any so well adapted for carrying heavy and bulky articles. To establish therefore a _substitute_ for the canal alongside of it, and in many places within a few rods of it, and to do that which the canal was made to do, seems to be a measure not called for by any exigency, nor one which the Legislature can permit, without implicitly declaring that all investments of money in public enterprises must be subjected to the will of any applicants who think that they may benefit themselves without regard to older enterprises, which have a claim to protection from public authority. With regard, then, to transportation of tonnage goods, the means exist for all but the winter months, as effectually as any that can be provided.