Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1865-06-16
VERMONT CENTRAL RAILROAD.

ne COmmittee OF the rHst mOrtRhRe
Bondboldets Of this Company, appointed
February l8, 1865, have recently issued
report as to the past and present condition Of
the property, and express their entire salts
faction with the management Of affairs, dur
ing the period (July. 1861, to Dec. 1861
which came under their investigation. The
committee state that Sl,173, ,492 73 has been
paid and charged to running expenses (with-
10 three and a half years. for cars, engines,
new rails and repairs Of all kinds necessary
to keep up the equipment Of the road, which
will enable bondholders to judge, to some
extent, in what condition the property has
been kept and how much has been added to
its value, capacity and effectiveness, by large
and extraordinary outlsys.
Since July, 1861, there has been paid from
the net earnings-besides S499 S88 rent to
the Vermont and Canada Company S377,-
OS2 55 for building the Burlington Branch,
and S220.760 16 towards the Swanton
Branch. BY the construction Of the former
more complete and natural connection has
been made with the Rutland and Burlington
Railroad, than ever before existed, and which
has thus far proved not only highly satislac-
tory to that interest, but has also been Of
value to the Vermont and Canada and Ver-
mont Central roads. The Swanton Branch
cost not less than $500, 900, for which $780,
900 Vermont and Canada stock was appro-
priated by decree Of Court, leaving $50, 900
to be paid out Of earnings unless otherwise
provided for. This Branch forms an impor-
tant link Of ten miles in length, extending
the Vermont and Canada road to the Canada
line, in the town of Highgate, and there con-
meets with a new road, twenty-five miles in
length. built In Canada, called the Montreal
and Vermont Junction Railroad. The ex-
tension, and the new road in Canada, will
enable trains going out Of the Boston and
Lowell depot in the morning, to enter Mont
real over the Victoria Bridge in the evening,
and trains leaving Boston in the evening to
arrive in Montreal the next morning, without
in either case changing cars, and connecting,
at the latter city, with the Grand Trunk Rail-
road, west. The new road also connects at
ST. Johns with the Sbetfjrd and Chambly
Railroad. to the town Of Waterloo. This
connection will feed the road, and drain a
country extending forty miles from st. Johns,
in Canada East.
The opening OF this extension, and the
operating of the new road in Canada to St.
Johns, has required large increase of en-
gines and cars, which has been supplied, as
far as possible, from surplus earnings. Still
there is lack of rolling stock for doing the
4, business and the Committee, in conclusion,
after stating that the future prospects look
highly favorable, and that there seems no
reason why the traffic OF the road should not
steadily increase in the future as it has in
the past, remark further that the only em-
bsrrsssment in the way OF the managers
which they find, indeed. to be serious, is to
provide the additional means required to do
the constantly increasing business. Much
has been added, in years past, to the rolling
stock, but it is still altogether inadequate for
present wants. We need to-day twenty more
engines, and cars to correspond, and If we
had them could probably run up the gross
receipts OF the road this year towards $2,-
O00. 900.
The Committee subjon a report Of the
Trustees. for the year ending Nov. 80 1864 !;
but in order that future reports may be made
up to May 81, it is proposed that the annual
meeting of the bondh. ders should be chang
ed from the recond Wednesday in February
to the second Wednesday in August.
From the Trustees report we find tia the
earnings for 1864, from all sources, we're 81 =
413,979 81. Running expenses, renewals,
repairs, &C., 81 ,2O5,2 SO. Net earnings,
s2Os,75l IL.
Included in the above is the sum Of $685.
900 of extraordinary expenses, comprising
the