The Rutland County herald. [volume] (Rutland, Vt.) 1852-1855, 1854-10-13
AHnosi Msftt-s 90 ibs tfstiaua a Taf-
tiaktaa tsaltraad.

Aastsa ts=iiresd.
Tho acckbolact. norties of ihe Rai-
land sn4 burlington Ra.lnoal iool place
Al BsIloss talls oa "Wednesday, ibr
2lih, according io pogios. aud oAs,s.ird
Co. orler hy lhomas TAaehrr lq.
President, al 2 O'Clock.
10 lis preliminary remarks, NJ
Ibachcr alluded TO The uuioripnaie cou.
dd,on of iho Read at ,be lsae ha
assumed tl'e Presidency vhon vub
lafFr rpw,an 81 hs motive power uu-
Der attachment, and ijs cars anil the
roai.tol aad iron iu nccd ot en-at rr.
par b Was aclnall, running a, a pccu.
uiaiy lns' a. tlr present time %. ane
ot ihc Trustees n posscssinn ui th. Road
be- could say that 10, locomotives ucrr
all in perfect njcr. the ears iu cood re.
pale. and The ropd in such crudnion than
an cNprrss train could be- ran Wahlur.
fec, safety over every mile II 10. With
regard io ia earnings although the
northern cod ofihe road seriously fal
the want cl lis share of the Oelenshure
business. II which. by pn afranrmcm
with tho VI. Central, ii Is at presrnt De-.
privcd. there had been within The pasi
two months, a new source of Income 10
The roaa from it, connection ria the Al
hnny Norlhern Road with The New
York Central, hy which share Of the
traffic Of tie Great West Is secured
and which already begins TO show its
effect upon the receipts Tho gross
earnings of the road since ihc Trustees
hnd been ia possession, November 20.
1853 to
August 81. 1854, were $40. 2G3 s.
Tho running expenses we're l2j,l33 u
and The repairs were 2i9d3S O3
Leaving ha'nncc of GIl2J 81
Ia explanation OF the large amount of
repairs llu stated That many items were
Justly charpcahlc 10 other accounts. and
among them mentioned the erection Of
houses and iorgas, the dllpg IN Of iresilt
work. and The substitution OF masonry
wherever IL was found cNpcdicnt. or
necessary for the safety Of The road
Extraordinary repairs bad been also
mnac upon tie locomotives that hnl been
under attachment aud cXpofcd t. lhc
wcalh ar. cars had been put in perfect
order, some 800 tons of iron hal been
rc-rollcd aud laid down. and other per.
manent expenditures made which had
OF course been included in the monthly
expenses although not Justly chargeaLle
10 amy one month.
Mr. Reed Of Boston accounted for the
diversion OF the Ogdenshnrg business
by the fact lhai the share Of ibn Rnf,
100 600 dollars Of llie bonds of lhni road
should be- taken aud paid lor 10y tbs
a proposition to which the Directors Of
this Company did not feel at liberty 10
nccede. Other lines had not the samc
scrupIes they subscribed for large
amount OF the bonds aud got the husi-
ne-s Prior to this arrangement, nnd
upon the basis of n union or consolida-
ton, II wa, understood by the Directors
1 Tint this road wa, 10 have hHd its share
Of the profits, over whichever road the
/ business might go; bat Mr. Loo, with
/ the best intentions in the world, was
| douhiless unable to induce li. associates
| in The Vermont Central 10 comply with
this understanding. with regard to the
future means of securing portion OF
The Osdensburgh traffic, he did not doubt
that they would bo forthcoming aud
lakcn advantage oC
Tie Report Of the Directors WINS then
produced. bat, rs il ! O'Clock. was laid
upon the table, aud the polls opened lor
lhc votes for board Of Directors Tho
meeting adjourned until Ia T.. NJ.
when il wa, found thai some : 900 votes
had been cast, an Of which (Nih th'
exception Of about 80 scuiicring) wcr,
for the old liurd Of Directors, with ~,
addition Of pnris Fletcher, Esq, -
Briiror, VI, there having been on-
vacancy.
Mr.. Smalley then read the memoran
da Of agreement bciwern the Rulbn
and heChe.hirc aud Fichburah Roadl
by which the latter were TO furnish lb
Rutland with one hundred thousand do
lars worth Of cars and locomotives, an
which he asked the sanction Of the siocl
holders. This wa. unanimously givct
md The meclinr adjourned, sine die. -
Iieilo,cs FaHs Argp