Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1857-03-20
RA1LRnAn MATTERS

V. &. X. X. TO. n court upon inc Mas
Esr. or BELKNAr. tcr's Report
ITEMS ALLOWED BY SUPREME COURT.
Item ld.-Exccss of earth excavation above
the estimates after the oath of March, 1917.
the true amount being 3L753 yards, as found
by the Masters, at 10 cts per yd., S3,775 30
Item 2d--Amount Of rock excavations a.
bove the estimates after the oath of March,
ls47, as found by Masters, and as limited UNI
der the Orators Bill as before determined by
this Court 10 ,cit, COS yards at 80 cents per
yard, S4S6 80.
ITEMS DtsALLowED, wHrcH THE MASTERS
IiQu1pArED.
Item 500 for blind drain, and item $3.50
for removing loose stone, disalowed on for
mcr hearing for reasons see this case in q
Vt. Rep. $4,000.
Item 500 for drilling holes, sc: no such
claim made in the bill, $4,000.
Hem $500 for damages resulting from costs,
expenses and sacrifice Of property, from suits
commenced, DC, is disallowcd as being too
remote from short estimates, &C.. $500 co.
Item $1,000 tor loss of profits, disallowod
for the same reason. $1,000 90.
In neither case was the loss the direct re-
suit of the short estimates &c. in the one
case it produced an inability in the Orator to
pay his debts, and the costs onsucd from his
omission to pay his debts, and this was the
direct cause Of his loss in the other case
the short estimates caused an inability in the
Orator to go on and complete his job. His
inability in this case was the dird result of
the short estimates and his failure to com
plcte the job was the dired result of the loss
of the profits The short estimates were but
the remote cause of the loss in both cases.
In addition to the item of Sl72935 allow
ed by the Chancellor against the Defendants
for the % per cent reserved on amount of es-
Inmates, we think nothing can be allowed on
that item against the Defendants
From the printed exhibit of Mr.. Horrick.
submitted in this case, we find that he claimed
For earth excavations, S25.12O 90
" rock Notch road, &c, 3,169 90
" damages, 9,986 90
Total claim, S38,575 90
lie credited the Company for
amount Of the above work csti-
mated and paid for, $1o173 80
Leaving the amt claimed by him, sos l0l G5
The amount of this claim, allowed by the
Court, as above, is Si,2I6 10; to which is to
be added the interest, which will swell the
amount to s6,oo0-and the costs, which will
bring the award against the r. r. Company
to about the sum of 5000.
VERMONT AND CANADA RAILROAD CoMrA-
NY.--The report Of the Directors of the Yer
mont and Canada Railroad to the stoclhold-
crs has just been received and has been cir
culated to them in a very neat, concise and
Ineligible form 1t was made to the stock
holders at their annual meeting, held at Mont
pelier, December %, 1896, just before the
close of the year, and consequently including
the doings of the Vermont Central Road for
the last six months of the year only by csti-
mate The publication has been delayed, by
order Of the Directors, to test the accuracy
of those estimates, and the result is now Civ
en-, derived from the Trustees accounts, as
made mp at the end of the year 1886. The
pcnses has given net incrrase of income for
the year ending July l. 1856. of nearly 500
600. The net income for the last six months
ending December 81, 1856. has been $ 10
442 50. The financial condition Of the Trus-
tees is quite satisfactory. The debts of the
Trustees. incurred by renewals Of track and
equipment, are now balanced by the assets of
wood and shop stock on hand, and the pros
poets for the ensuing year were never better
that the Vermont Central would ho able to
earn enough, not only to pay rent to the YER
mont and Canada, but also the interest ON
the first mortgage bonds and it is by no
means certain that more than this may not,
ere long, be attained, which viii add value to
the second mortgage bonds. The receipts and
expenditures Of tho Canada Road for the last
two years were as follows ;--
B@iness for Mc year cdiagJplgl !, 1919.
Earnings, S722, 326 0l
Expenses, 56l,32t 50
Net income, Slj3n1l &c
business for the year ending Jmg !. 1856.
Earnings S16jgi5 "a
Expenses, 033O1i -
Net income, G2l2S1l ~
The result of the business during the las
year shows an increase of traffic, and a rcduc
ton of expenses as compared with the prev