The Story of the Rome, Watertown, and Ogdensburg RailroadHungerford, Edward
History
The Story of the Rome, Watertown, and Ogdensburg Railroad
Hungerford, Edward
Railroads -- New York (State) -- History; Rome, Watertown & Ogdensburg Railroad Company
Yet Watertown might easily enough take hope. The service upon the road was
improved--at once. In front of me I have a copy of the shortlived _Daily
Republican_, which once was printed there. It is dated, July 24, 1885, and
its rules are turned to black borders of mourning in tribute to General
Grant, who died upon the preceding day. In the lower corner of one of its
pages is an advertisement of the summer service upon the R. W. & O. It was
a real service, indeed--five trains a day over the main line in each
direction, and adequate schedules upon the branches. In that season of the
year there was through sleeping-car service between Watertown and New
York, upon the sleeping-cars that were operated in and out of Cape Vincent
to serve the steadily, increasing, tourist trade upon the St. Lawrence.
The Parsons' management, however, like the Sloan, steadfastly refused to
operate this sleeping-car service through the autumn, winter and spring
months of the year. There was a through sleeping-car service, also, to the
White Mountains, the car coming through from Niagara Falls, passing
Watertown at four o'clock in the morning and reaching Fabyan's, N. H., at
twenty-eight minutes after four in the afternoon; Portland, Me., by direct
connection, at 8:25 p. m. This advertisement is signed by W. F. Parsons,
as General Passenger Agent, and by Mr. Britton, as General Manager of the
line.
* * * * *
Britton was alert to suggestion and to complaint. To favored persons he
was apt to make an occasional suggestion upon the company's stock.
"Buy it now," he urged. "Buy it--and hold it."
Most folk shook their heads negatively at that suggestion. Watertown had
been burned once in a railroad experience. It now emulated the traditional
wise child. "Buy the stock," whispered Britton to a Watertown
manufacturer. It then was at twenty-five. The Watertownian demurred. A
year later it was forty. "Buy it now," Britton still whispered to him. And
still our cautious soul of the North Country hesitated. It touched fifty.
Britton still urged. Of course, the Watertown man would not buy it _then_.
He prided himself that he never bought anything at the top of the market.
Sixty, seventy, then R. W. & O. in the great market of Wall Street touched
seventy-five.
"How about it now?" said Britton over the wire.
The Watertown man laughed. He had made a mistake--one of the few financial
errors that he ever made--and he could afford to laugh at this one. Buy R.
W. & O. at seventy-five? Not he. Let the other man do it. Afterwards he
did not laugh as hard. He lived long enough to see R. W. & O. reach par
once again--and then cross it and keep upwards all the while. He saw it
reach 105, then 110 and then on a certain memorable March day in 1891,
123.
Public-domain text, read in full here on John Shaqi.
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