Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1850-11-21

on all the stock issued there remained unpaid
S443.257 90. Of this Sl24, O99 80 was on the
last issue, at $50, and can be readily collected,
to say nothing of the ability to dispose of the
shares in the market at an advance on the price
at which they were issued. Of the remainder
1913, 1853 39) the treasurer says: :" A part is due
from responsible persons, ard can and will be
collected" The collateral for these debts, in
GLIDING the stock held BY the corporation, is set
down by the committee on finance at only $274,-
GAO. The condition of the company, Oct. 81,
1850, was as follows:-
materials on hand, sA4lo,lsa o.
Interest loans and bonds to date, 242, 735 &C
Commissions sale Of bonds in le47, $3.50
Interest paid stockholders January $780, AL 673 81
Running fn June &c, 1913, date, l495 II
FRONT aud loss to date, l'oso 81
ss.a7o.ois 70
1885, 3sI IS2 n
Total cos, Of road date, s4.ss7 ,ssa 81
ccompany holds:
Cash on hand, IS 90
Notes receivable fully secured, 45i Sv7 %
Boston 4 Pro, idence 4. r. stock, S4,96l IS
Grand Junction do do li3,0o0
Vermont and Boston Telegraph do 1900
Albany 5 pei cent stock, 1900
2la,il4 81
stock forfeited and sold Tor their account, 1896 As
Individual debt. for transactions prior to Sc pt.
l., ls4s, including Belkoap's account, COS 1854 30
Total ofroad and date. e,ala,s4a Os
This last amount b az been provided for by he
amount Of capital paid in above, 4,s7s,2s2 %
e, -. 1856, aud in.sre., eonser,ibis into
Notes payable, 7s5,sso &c Is
Due Vermont and Canada Road, S7'asS 20
Rec for assessments fodetedt TO the company, $40 20
Total of capital and liabiInie-, s6al2sli %
1t Will be perceived that he onv floating liza
.f Tho. ~
$730000, for the amount die the Vermont and
Canada is offset by the receipts Tor October mol
calculated ADORE, although he expenses are bro;
up to Oct. 81. To meet tbs amount OF $780,
600, the company has
Cash hand, % 72s
Notes rseeisablc and amply secured. 4ai,so5
Stock as above in VARIOUS corpora iions, excluding
the Central, 1876 s6
Asses.mens unpaid on las, issue of stock. ies,ose
assessments unpaid on lst. 2i AMI 81 issues of
S3is,Ov0 IS above, which, w''h the Central
slocA held by the company OF SO 1853, are esi-
CoIia,eraI securities held by the company be-
longing 10 sundry jebiors Is6,06O
ana December, say 10000
Total assets, sl,ali ,as5
The company showed assets above lisbitles,
therefore, of $4,000, in addition TO whatever
may be realized from cla rs for forfeited sroc K
sold, and from original debus no. secured by col
lateral.
The engineer estimates that the payment of
land damages and outstanding bills, and for the
complete finishing Of the road. will require the
further expenditure of $2O5,0CO, which, deduc
ted from $4,000, leaves S265, 1000, or therea-
bou:s, tor the purchase of ,rs and engines.
In July, lS49, The Vernon. Central owed a
floating debt Of s653,I5l, and had available re-
sources of about half that sun. |, required,
moreover, $S30,OO0 TO complete the road TO Bur
lington, aud secure the simultaneous construc-
ton Of the Vermont and Canada. Within fiteen
months II has been put into running order to
Burlington, the Vermont aud Canada has been
all but finished, it's stock having been all taken
and paid in, aid the road now stands really free
from floating debt for, has been shown, the
resources OF tie concern a'e amply sufficient to
pay its current Liabilities g. put 1t into good or
der throughout. Any further outlay can be called
for by press OF business only in the way of addi-
tionai cars and engines, aud srch an outlay o..
course is made with good grace. The Cen
trail may now be said " stand therefor. with
100000 shares at $50 S,5O00000 90
And funded de5t Of soo.6iS 81