Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1850-04-12
Meeting OF the VI. Stockholders in the Gem
trail Road, ut Windsor, on Tuesday.

1t was our intention to be pretent at this i'm
portant meeting, day before yesterday, but we
got 10 farthe, than the nourshing bailiwick Of
Northfeld, where, under the hospitable roof Of
Mr. RocERo's admirably provided House, we
were quite content to await the return train
from Windsor-doing loreeny, in the mean
time, on one of the beautiful two.crayon
"Studies' Of Julien, which adorn his walls
and noticing, with surprise, the six inches OF
snow that yet wbtens the face of the earth in
that vicinity, while here the grass is " creeping
creeping everywhere" as some unknown and
charming Poctcss of Maine says,
More welcome than the flowers
In sum ner's pleasant hours"
The change in some three hours, from tie
dusty streets, the springng viole,s and the ge-
NAL air of Burlington, to the wintry regions Of
Montpelier and Mortified, was certainly cal
culatcd 10 prevent our doing or saying anything
rashly.
Several Burlington gentlemen, who took
an earlier train, reached Windsor and parci-
pa,ed in the proceedings of the meeting. From
them we learn that the assembagc Of Vermont
Stockholders was large, and what is much
better, that their action was cordial and unan-
nous in approving the course taken by the Di-
rtctors in regard to the issue of New Stock at
$50. We learn that Mr.. QrlHcY was present,
and made So clear an exposition Of the affairs
of the Company as fully to satisfy those present
OF the expediency of the movement, That the
new Stock will be taken, can scarcely admit o!
doubt---and that this method Of relieving The
Company f'om its embarrassmrnts is the best,
in their crcum stances, seems to us scarcely
more questionable. Judge PAINE of New York,
Henry r. CAMBgLI. Esq, and Judge Cow, oi
New Hampshire, Hon. Mr.. DnLrSgnAu OF
Waterbury, and others, addressed the stock,
holders, all urging the vital Importance Of sus-
tanning the Board of Directors in this iiual Of
fort to complete the Road and relieve it from
its financial difficulties.
the Montpelier Watchman Of this morning.
in noticing the meeting, 'ay- -
" After the COM rtn of the special bn-ine.. of III,
nj rt.ng the Hon. DaI.Ie Bali win, ut Montpclie !
p posed committee OF three 70 examine into nj |
lc HAIRS of The Company, ana report to the stock
h ,IdeIs The President remarked that such an cx-
alma ton heartily desired hy the Directors AM
n msril, md thu proposition was agreed 10 imam
III ,usiy. The Committee consists OF luhn Whcclrl
OF Burlington Dinrl baldwin OF Montpelier, ant
u 20. W. Benedict VI burlington.
Fifty thousand SHARES at stock at $50 per share are
authorized, which must be subscribed heor
the 18Th at AprIl instant, payable in ak monthly
sessnrnts OF - each share The condition of sub
scri tlou that su5scrber shall be held TO pay IN
lie forty thousand shares are taken This nulnbe
will rais- 81 900, which ls cqna to the floating
dcOt and the estimated cos al completing the road
my from any future issue OF stock low n rate
lac remaining obligations OF the Company amount
10 ihout 60 10000, due two years hrnce-at PERIOD
" .icu the whole o the great line with which the
Central is connected, from Boston to Montreal and
Like OuIarlc will have been completed and tested
aud whcn deb, oilhl- amount, owed by a COMPANY
having five millions OF capital with road on one .
The greatest lines in the country, can hardly be Ii
matter OF eIIbarrassment.
This issue make the actua par Of the stock OF the
Company $50 per share. The investment now a
s3J the share regarded as emncntiy good one | |
md the taking OF the whole amount considered Ger {
ain. We lu &c from the signs at the NEE ting ant
the oplnions We have heard expressed that tn (
ul quota OF Yer mont VIII be subscribed Tor by Yer
noncrs,a and mainly by original stockholders Som, | 6
nay be unable TO take their PAGES will be He'd by
thcs stock holder Is entitled OF right to onr
hare ui new stock Tor each share he now holds
stockholders subscribe, however. for all they
sist-anj so many PERSONS who not stockhold. {
rs but in the distribution 1t may be reasonably eI
ccted that STOCKHOLDERS will have a preference :
looks OF subscription Will be found the Bank oi !
i onpc i-r and the Vermont Bank and in the hand,
{ T.. 7. Walt,n,Jr ,