Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1858-12-31
SPECIAL MEETING OF THE YER.
MONTANA CANADA RAILROAD
STOCK

There was special meeting of the stock
holders of the Vermont and Canada Railroad
Friday afternoon at Chapman Hall. Hon.
Robert c. Winthrop presided, and James F.
llunncwell acted as Secretary. Mr.. William
p PARROT, President of the corporation
stated that the main subject for consideration
at this meeting was the construction of the
Burlington Branch. The Board of Directors
had made application to the Vermont Legis-
laturc for an extension of the charter of the
road and the result was that bill, not the
one asked for, had been passed. The bill as
published in The Journal, Nov. ID, was then
lead W Nj. r"rrott lie said he was aware
that it was made the duty of the Directors
unwilling to assume this responsibility, this
meeting had been called. Mr. PARROT then
read an opinion signed by B. r. Curtis and
Sidney Bartlett to the effect that the accept
ancc of the bill was necessary to prevent the
forfeiture of tho charter of the road
Mr.. p expressed the opinion that the Bur-
! lington Branch might be constructed for
S25 goo mile, which would amount to
100000.
Mr.. Geo NJ Barnard offered the follow
ing vote
Voted, That it is cxpedlent that the act
passed at the last session of the Legislature
Of Vermont, in addition to an act in amend
ment of the charter of the Vermont and
Canada Railroad Company, extending the
time for building the branch into the village
OF Burlington, be accepted and that the
| Directors be requested to file an acceptance
Of the same in the manner and within the
time limited by the act and that the direc-
tors be and they are hereby further requested
to survey and locate that part of the line SO
| rn,,,,irnl To, hn hui1t and 70 kuiIl tbo
within the time and in the manner required
by said act
Mr.. Paul Dillingham; of Vermont said he
represented stockholders residing in his State,
and they were troubled to know where the
money with which this branch must be built
was coming from. They had asked the Yer
mont Legislature for fish, and it had given
them serpent. The acceptance of this
charter would be the utter humiliation of
the stock, and before it was done he hoped
some plan would be matured for raising the
! money.
\ discussion cnsued between Mr.. William
Parsons, and President Wheeler of Burling-
ton. in which some standing matters of DIFF
ference between the old and new direction
We're re-opened
Mr.. William Appleton saw no mode of
raising the m 1ney necessary for the construc-
ton OF the Burlington Branch.
Mr.. George Blake said there was money
enough in the hands of the Trustees for the
first $4,000.
Mr.. Robinson Of New Bedford, and Mr.
Sidney Bartlett of Boston, advocated the ac-
ceptancc Of the charter. Mr.. Robinson
moved that it he accepted.
Mr.. Bartlett moved that the vote offered
by Mr.. Barnard be amended by the follow
ing addition;
Vofed, That in accepting the act aforesaid,
this meeting cannot but have deep sense
that the terms prescribed are burthensome
and prejudicial, i'll suited at once to the con-
dition of the corporation and its relations to
the State of Vermont, and that the act is
only accepted to prevent deeper injury to
the rights of the corporation.
The amendment was accepted, and the
motion as amended was carried by large
vote.
The meeting then adjourned. boston
Journal.