New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-07-29
THE OvER-IsSTE OF VERMONT CENTRAL RAIL
ROAD STOCK.

BosroS, Frdpy, July %, 1884.
The Committee chosen to nvestgat, The recent
issue of 32l shares in the Vermont Central Railroad by
Edward Crane the President Of the Company have made
q lengthy report. They exonerse all parties ffen the
fraud except Crane and after aluling 20 his previous
syer-issue OF 1900 shares, the Committee ssy
"To inAict a seccsd injury Correcatiou already
Frustrated BY his misconduct render act the
detestabe-and when il is considered that everything
done TO shield him from the consequences OF his first
Transaction on the eround that he rece ped private
benefit from it, he has added ngratitud 10 crime, and
stands before the pubic object of and contempt.
II is not alone the injury he has inflicted the Coatral
Corporation that he guilty Of bat the effects OF his ras
cality felt on all similar property, snd there IL
scarcely u stock security tho liss winch has
not been deprecated by his acts. From ms and
similar transactions which have come 10 light with
in the past few weeks confidence fas received
a shock which cannot be recovered fer long period IL
there is legal punishment for such sup ndous frauds,
il high time laws should lie enacted which will bring tho
offenders Justice its not just To punish minor crimes
with severe penalties and let the perpetrators Of such
Wholesale frauds escape II man can deraud corpo-
ration and the public the extent Of thousands Of dollars.
and make no atouemeBt restitution except to SIMPLY
resga his ONCE II premium on rasca vncn sah
and results and it is to be hoped now that those
outrages fresh in the public mind, that efficient
means may be taken 10 secure the passage oil
stringent laws II hey 10 not already exiss which will
render it impossible for guilty parties In such trans
actions to escape the just penalties Of their crimes.
carly OF The opinion that it should be promptly assumed
by tho Company and th corporations responsible for
the acts Of their agents just right that innocent
hOders of such stock should suffer Tho stock has been
ssued from the Office of the Company bearing the seal Of
the Corporation and the genuine signatures OF three of s
officers. If there has been delinquency the part of
the authorized sgents Of the Company, tie responsibility
rests with the Corporation and not with the public. II
stock has been issued to parties not entitled to the sane,
the Company obtain redress from such parties and
attempt 10 themselves by repr dating the stock
in the hands of innocent holders II such stock could
be Designated which, in this care il is believed impossible
70 do. Ii the principle il adopted that certificates reg
ary issued and properly signed by the officers of Corpora
ons be repudiated what evidence the immunity
have VIXEN they take certificate of stock in any Corpora
ton that il represents anything is Of any value The
adoption Of any such idea would bs mossrOus aud unjust
add to the dsrust that already pravsis and its effects
would only be disastrous to all railway shares but to
all corporations the stock of which is represented by
tfcsies'
The report closes by recommending resolution that The
Corporation the oyerssGss urging the ent
of stringent laws for Furnishing such acts and demanding
immediate and thorough nyesga of the affairs OF
the Company
Cholera broke out in the State Prison at CharlestOwu
lest night aud up to to-day 10 prisoners Under
medical trestmen2O in the hospital and 80 in their cells
Fifteen 90 Of the reported real chora, but
the others cholera morbus They have the best Of
medical treatment aud yet deaths have sccurrod
The cause Of tiis sudden attack is not known.