Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1850-04-04
THE MEETING AT WINDSOR.

Pursuant 20 a call by the Directors, the cor
poration met at Windsor on Tuesday last, on
which occasion the Vermont Stockholders were
" was made by The Treasurer as at the Boston
meeting, accompanied by atements more in
detail of the stock, expenditures, debts and as
sets of the Company. The issue of new stock
a. $50, the adjustment of stock accounts, and the
payment of the dividends of interest, we're all
fully discussed in which discussion Mr.. Gum
cy OF Massachusetts, Judge Paine of New
York. Judge Cove and II. r. Campbell of New
Hampshire, and Azel Spaldlng, o. ii. Smith, a.
P. Huntob P. Dillingham;, J. T. Marston and
several other Vermonler3 took pat. The result
that all other business waived but that
OF providing means at once 10 meet the floating
debt Of the Corporation and complete the road
and for this purpose the issue of fifty thousand
shares Of stock at $50 per share, authorized by
the Directors on the Dist of March last, was p
proved by unanimous vote of the S,ockhold-
ers, AMI also by subscriptions on the spot for
three thousand sh, of this issue, which, with
the amount subscribed in Bosicn, makes one
ta.f OF the number required 10 carry out the de-
sign Of he Company.
After the completion Of the special business
of the meeting, the Hon Daniel Baldwin, of
Montpelier proposed committee of three 10 ex-
anime into all the ufflirs OF the Company, and
report to the stockholders. The President re
marked that such an examination was heartily
disired by the Directors and himself, aud the
proposition was agreed to unanimously. The
Committee consists of John Wheeler of Bur
lington, Daniel Baldwin of Montpelier, and Geo
W. Benedict of Burlington
Fifty thousand shares of stock at $50 per
share are authorized, which must be subscribed
on or before the 18th of April instant, payable |
in six monthly assessments OF s. each share
The condition of subscription is that subscri- /
Der shall be held 10 pay unless forty thousand
shares are taken. This number viii raise ST.
100000, which is equal TO the floating debt and
the estimated cost of completing the road, and .
will therefore in all probability relieve the conf
pany from any future issue OF stock at so low
rate. The remaining obligations of the Com
PdhI dluONHt W doout '-oVO,OOOs uuc Two wears /
hence-at period when the whole of the great
line with which the Central is connected, fom
Boston to Montreal and Lake Ontario, will have
been completed and tested, and when a debt of
this amount. owed by company having five
millions capital with road on one Of the great
est lines in the country, can hardly be matter
of embarrassment
This issue makes the actual par of the stock
OF the Company $50 per share. The investment
now at $50 the share was regarded as eminent
ly good one, and the taking of the whole a.
mount considered certain. We Judge from the
signs at the meeting, and from the opinions we
have heard expressed, that the full quota Of Yer
mont will be subscribed for by Vermonters, and
mainly by original stockholders. Some may be
unable to lake: their places will be filed by
others. Each stakeholder is entitled of right to
one share of new stock for each share he now
holds Stockholders can subscribe, however
for all they wish-and 50 may persons who are
not stockholders: but in the distribution it may
be reasonably expected that stockholders will
have preference. Books of subscription viii
be found at the Bank of Montpelier. and The
Vermont Bank, and in the hands of L. p. Wal