Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1855-05-04

more, Esq, director IN both corporations
has matured plan for freeing these com.
panies from litigation, embarrassment and
debt, and having the whole property repre-.
scented by preferred and common stock A
meeting of the various parties Interested 10
to be called to see what can be done in n
preliminary way to bring about the accom-
pishment Of the desired object The dis.
pute between these roads, and the heavy doh,
of the Central are producing an unfayornblc
effect upon the market value of all their so
curitcs, as neither rent nor interest have
been paid lately, on account OF the net ear.
nings having been expended for cars, on.
gines, iron. and floating debt. 1t ia belley.
ed that If the conversion Of debt into stock
can be accomplished, the market value and
intrinsic worth Of the joint property will be-
greatly enhanced, and that 1t can be made IN
yield regular dividends. The plan, in brief
is TO unite the two roads, making the Cana.
da preferred 2 per cent stock the hrst
bonds Il per cent stock the second bonds
per cent stock, but leaving the common
stock unchanged, except in improved posi-
tion.-- Boston Alias.
IN Railroads. -John Smith Of ST. AL.
banf, President Of the Vermont and Canada
Railroad. has instituted a suit at law. claim
trail road until the arrears of rent due from
the latter TO the former corporation shall DO
fully paid according to a clause IN the lease.
The copy OF bin, filed in a Vermont Court.
has been presented 10 Messrs Lee and Ed.
ridge, trustees OF the first mortgage bond
holders, requiring these gentlemen to show
cause why the management Of the property
under their control should not be surrendered
tot ia nd Ia
The trustees are now engaged Ia preparing
a foil and detailed answer, resisting the re-.
QUESTION. in which will be- embraced com
pIcte history OF the business connection be.
tween these two corporations, from first 10
last II is stated that the Canada corpora.
ton, instead Of being q creditor is a large
debtor. TO :he Vermont Central road. and
that his indyblness, amounting TO halt
million of dollars, must be first discharged
before Il viii become necessary 70 contest The
validity of the leasc.-- Boston Courier.
/ WAsmvaroN, April 2s.-The Union this
morning has a long article on the state Of
our ufi'nrs with Spain. II states that the
President regards the recent bringing 10 and
examination Of American vessels as e viola
ton of international law, indignilies TO orr
flag. and aggrcssions upon our rights, which
viii not be tolerated. Com. McCHuley b.
not 20 argue with Spanish cruisers 10 The
night Of search or visitation, but TO say TO
them. "you can claim no right Of search,
vsiiliipu or examination Of any vessel right
fully bearing our fog upon the high scas,
under any guise or preieNt. In my presence,
or within my reach # you attempt 1t, the
act will be- done at your PERIL The Gaion
further says that the Spanish government
ais.
hands. II they persist in their acgressions
war Is inevitable.
men'',, "i i.i'''he' 'o'''l'' ,''''o
"oeuu'" ' '".l''.U.o 'i' ne l"uto g
Two P'IT'n'' i' s'N.' h' S,'! ~ U's we
"an' WHO s''ih'N go Oh o"'Nil"n
-en-'' e"- 'n'se "eI1 i'ss N'snUh gaze aN1
omar ''7.'''
Kansas -On tho 10Th inst. three steamers
arrived az Kansas CITY, loaded down with
settlers. There had been long and severe
drought, and pork und gram arc nearly OK
h'us'ed' anl residents Do not knnw where To
oo' 'in supriies' F'eisn' nave neen h'sn.
, ph inc ID 20 lne mercury $1,000 al e urEi e.s
nj noon' win hish "inas ana o'ouds oi aust :
40 I"'h'
COY, hoel.'' le.lie 'l's aspa'uIe' .i 3, ca
{ ,bp oal or Nav. 10 I'm vacancies th,t occur
3 n six or eirht districts. lie also issued his
) procianiainu go convene the Legislature on
The first NoplIv in July.
4.
NJ" "hA' AWu .. o. hlnn'y h's
3 "r'ien a leuer 10 inc courier ana enquirer
= relative To- ms recent indictment ana arrest
j, no "hich he siysi I'D consequence OF ue
I 'es'i ProcceoinIs "nch nave oeeh institute
en nE'lh'' ne ~ "'io,'ugu "''i"essi'n may
> ue p,9luo'n ,'il, lle cNpoull9h nay oI rus
the injury which s1ch an impression may
e work. and Of what know TO be the true
e character az the enterprise, am justified in
expressing my coallcnt opinion that the de-
. p't'lr' ~ ,'' "a '.".''r' "uuol NY I"-l
i 1 49,, ~ - t
e'i'.''s .o'',,'''l'''s's a'y ,io'a'. ~ ,'
- Nc i
q D'Is n,'u'u '''e ole '' -a'
t, 49,, ' - ''''''' '''
80 ''''
: North Caro'ina. The .9strAie Spectator
: says that the Grand Jury Of Buncombe Co.
:. o. the late term o. i's superior Court under
= g,',' 81 .i., !, - ',l,'.'.si ,'a.,I o
n Know no hings' ior conspiracy!
=. Horrible uirl,r The Wabash Ev,rcs.
- contains the narti,nl,rs Of tho nurIer ,r ,
whole family OF seven persons. namcd
Frencb-faiIer. mo,ber ,hreo ,,,rl. and twr
T. boys. Their bodies were an fnund burie,
ie under the hoor Of a cabin they had occupl.
y ed. They ,yore murdered nv another g,,ntl,
raincd Hubbard. for tho nufpose of obtain
o. ing property not worth more than fftv Adj
&c lars. The monsters Hubbard. husband and
m "ne; arc uuue' ui'eS, iof lnu'uefihg sun an
p another 'aH'Hy named boyie'
h One of the LARGEST dis,illeries in Scotland.
tho 9th d.t,llerv whore ON OOO gallon,
i. just been converted into -four mill.
70 Give employment to the poor man when