Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1865-06-16
From the Boston Pest, June 9Th
Vermont Central Railroad.


The Committee Of the First Mortgage Bond
boilers Of this Company, appointed Feb. Is
1876, have recently Issued a report as 10 the pas
and present condition Cf the property. and ex
press their entire sat sftction with the manage
ment OF Affairs. during the period DULY, 1851
TO Dec. IS y which came under their investi.
| CATION. The committee state that al It's, AZ:
70 has been paid and charged 20 running ex.
penses within three aud a half years) for cars,
engines, new rails and repairs OF all kinds nee
essary 10 keep up the equipment Of the road
which will enable bondholders to Judge, to some
extent. in what condition the properly has been
kept and how much has been added 10 its value.
capacity and effectiveness, by large and e1traor-
dlnary outlays.
Since July, 1861. there has heen p4id from the
net earnings d,s S4gg SIS rent to the Yer
/ mont and Canada Company-SS7-,0 ,032 So for
/ building the Burlington Branch aud 500. 76O
/ lG towards the Swanion Brsneh. By the cor
struction Of the former more complete and
natural connection has heen male With the Rut-
land and Burlington R,ilr,ads than ever bef re
existed, and which Ia Is thus far proved not only
highly satisfactory 20 that interest. but has al
50 been Of value 60 the Vermont and Canada and
Vermont Central roe,.ls The SVanton Branch
cost not l,ss Than S3D0, ,000, for which $3.50
OOJ Vermont and Canada stock VAS appropr.-
si'd by decree Of Court, leaving SjD.OOJ To be
piid out Of earnii 2 unless otherwise provilel
for This Branch furms an important link Of
/ % miles 10 leugth. eKt,nding the Vermont and
Canada road 10 the Canala line, in the town OF
Highgtte, and there connects with n new road,
tw,Lty-tso milrs in length, buili in Canada.
called the Montreal and Vermont Junction r til-
roli. The extension. AMI the new road in Can
ada, will enAble trains going out Of the BusiOu
AMI Lowell depot IN the morning, 10 enter Mon
trral over the Victoria Bridge in the evening,
and trains leaving Boston in the evening. 10 ar-
rlve IN MchtTeh the next morning, without in
either case changing ears, AMI c0nusc'ing, At
The latter city. with the Grand Trunk Railroad.
vest. The new road also connects at St Johns
HIIh the ford anil Chsmbly R,ilroad, To The
town Of Wat rloo This connection will feed the
-. ard drain a country extending forty miles
from ST John. ia Csnad, Eet
The opening nf th seSieus.on, anil the operlt-
ing of the new rJai in Canada 10 St johns, has
rqu rel large Increase OF engines and cars
Hhich has been euppli'd rs far ~ 2 ss.ble. from
surplus earnings. SuI! there l. lack Of ruling
stock FOR doing the business; and the COMMITTEE,
IN conclusion after stating that the inture pr0,-
pects look hg5Iy favor, ,tlr anl that there seems
no reason Why the traffic Of the road should not
steadily increase in the future as It has In the I
past, Trfnuk further that ''the only embarrass-
meut IN the way Of the muagers which they fiud,
indeed, 10 be s-rious. Is 10 provide the addition
Al means required TO do the constantly Increas-
ing business. Much has been aided, in years !
past, 20 The rolling stock, but it is stll altogeh
er iuad qulte for present wants. We need to- |
day tEenry more engines. and cars to correspond,
and II Ne hal them eoull probably run up the I
gross receipts Of the rJad thus year towards So,
ODO 900
The Committee suijoin a report Of the Trustees,
for The year ending Nov. so, 1861; but, in orier /
that future reports may be maie up to May 81. I
II Is proposed that the annual meeting Of the 4
blndhollers should be changed from the second !
wein,s slsy in FebruIry to the second Wednes-
day in August.
From the Trustees report, We find that the I
earnings for 1861, from sll SOURCES. we're ST. |
4lS,g-3 81. Running expenses, reneEal-, re-
pairs. Sc. - ,315, rs 80 Net earnings, /
S21s. .7jl L.
lncluiei IN the above is the sum OF S23S, 900 /
lf extra1riinary eKpeuses COmprlsiug the