Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1854-10-06
Annual Meeting of the Rut-
land Il Burlington Railroad.

The stockholders meeting of Rutland and
Burlington Railroad took place at Bellows
Falls, on Wednesday,, the Doth, according to
notice, and was called to order by Thomas
Thacher, ESQ., President, at u O'clock.
In his preliminary remarks Mr.. Thacher
alluded to the unfortunate condition OF the
Road at the time he assumed the Pres Idency,
when with large portion oft motive power
under attachment and It's cars and the road
bed and iron in need Of great repair it was
actually running at pecunary loss. At the
present time, rs one Of the Trustees in pos
session Of the Road, he could say that lis To-
comotlves are IN perfect order, the cars IN
good repair aud the road in such condition
that an express train could be run with per-
fecl safety over every mile of It. With re-
gard TO It's earnings, although the northern
end Of the road seriously felt the want of its
share of the Ogdensburgh business, of which,
by an arrangement with the VT Central, It
Is al present deprived, there had been within
the past two months, a new source of income
10 the road from us connection viG the Alba
ny Northern Road with the New York Cen
trail, by which share of the traffic of the
Great West is secured, and which already
begins to show its effect upon the receipts.
The gross earnings of the road since the
Trustees had been IN possession, Nov 20,
1853, TO August 81, 1904, were S3l0,2oj S7
The running expenses
and the repairs were 2i9, 1873 03
Leaving a balance OF LIPS 81
In explanation Of the large amount repairs
he stated that many items Justly chargabe 10
these accounts, and among them mentioned
the erection Of houses and FORCES, the filling
IA Of trestle work. and the substitution of
masonry for less substantial wherever it was
found expedient, or necessary Ter the safety
OF the road. Extraordinary repairs had been
also made upon the locomotives that had been
under attachment and exposed to the wealth
or, cars had been put in perfect order, some
300 tons of non had been re-rolled and LAID
down, and other permanent expenditures
made which had Of course been included in
the monthly expenses, although not Justly
chargable to any one month.
Mr.. Read of Boston, accounted for the d.
version Of the Ogdensburgh business, by
the fact that the share of the Rutland was
promised to it, provided some 100000 dollars
of the bonds Of that road should be taken
aud paid for by this; proposition to which
the Directors of this Company did not feel at
liberty 10 accede, The other lines had not
the same scruples they subscribed for
large amount of the bonds and got the bust
ness. Prior to this arrangement, and upon
the basis Of union, or consolidation, il was
understood by the Directors that this road
was to have had It's share of the profits, over
whichever road the business might go; but
MIR. Lee, with the best intentions IN the world,
was doubtless unable to induce his associates
in the VI. Central to comply with this under.
standing. With regard 10 the future means
OF securing portion of the Ogbensbnrgh
traffic, be did not doubt that they would be
forthcoming, and taken advantage Of
The Report of the Directors was then pro-
duced, but as lt was l o'clock, was laid on
the table, and the polls opened for the votes
for a board of Directors. The meeting adj
journed until 2 Ia y. NJ, when il was found
that some 1000 votes had been cast, all OF
which lwith the exception of about $50 scat
tering) were for the old Board Of Directors,
with The addition Of Paris Fletcher, Esq, Of