Martin. The stock was limited to $12,000 in shares of $20 each.
"The road ran through lands owned by the stockholders. Little regard was had for grades, as travellers well know. The main purpose was to make the land accessible and marketable. The road was completed in 1802, and soon became a famous highway to Central New York, and the navigable Susquehanna, and so remained for more than a quarter of a century. It was in operation four years earlier than the Great Western Turnpike, connecting Albany with Buffalo and running through Cherry Valley. Spafford in 1813 described it as 'the Appian Way turnpike,' in which it seems the pride felt in it, likened as it thus was to one of the best roads ever built by man—that Roman highway which still does service after the lapse of more than 2,000 years. In one sense this turnpike was like a Roman road: it followed straight lines from point to point regardless of hills, obstacles being squarely faced and defied by these modern men as by the old Romans.
"Ten toll-gates were set up along the
