The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1869-02-23

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eCR roBs~ ss.yBs
=. lr Il = - pe.,ey 81 tie
LIS ,aat l9ana ass Invested eng vith
ceit4ln IopeIs presonl "a by statute,
a tAae - sash puy = seem b be
ie.0eNass 81 eagry oal lie specific OBJ
ests ana duties imposed upon them A.
iuaulaa.pal corporations And when
town desires 70 engage in Gay euier-
pFlse begoDd,pf .atsida OF the general
scope Il itb powers. Il must FIRST secure
tho passage q a. enabling oct as i is
eal.od aoateHng the special power de
= ~ Tue propr!siy q those enabling
acla bare heen mueh discussed here
md elsewhere. and tAeir constitution
a.ty has been Tested IN several States.
Anl while We adait that tho latter
has been sustained by Judicial sanction,
We fear tue former Nin ever remain a
p.eoled question, and always meet sitb
respectable opposition.
Tho case u oar railroad difficulty
Two ycsTa ago WAS il our opinion. such
al emergency Is iashhed not only the
Legislature IA passing the enabling act.
hui siao warranted the citizens Of this
AID otheT towns IA avsiling themselves
d tho powers and privileges IT oonforr-
ed
We carried our point We redeemed
ourselves from the thtaldom. IN which
lie Troy A Boston Railroad Co en-
deayOred 10 place us. We redeemed
ouF character for perseverance, Bet
oar $4,000 ~ bonds by us issued are
not yst redeemed, They are not due.
u is true, and will not be for many
wears to come. Still they are regard
"a b. many "a financial incubus hang
ing ovar nS.sssaAaaaa as4iSNm9zinht the
eansaa psliay atahsAnw wAieh 10 sup
po&ad % bel wisd1n lsehzt sshrns afoald
cuiar Ghto AGoak 4psnuansisua. = u good
puAisy oE malRss 10 rAmsinths uwasEs oi
railroad s4sak and bcnssg h0wsvsx isns
psHiua& tAa aseossiss that induced or
co@pmdedns tB1heennss tho owners of
that species ofpFopsrtyf Hla
II is understood THAI propositions
have boon INSIDE n our town officials,
that 4 we will pay e. 500 TO the owner
u our $50 900 town bonds. be win sI-
change shen uiih us for our $4,000 in
stock aud bonds Of the Lebanon Springs
RailraAd.- ia other words he viii ex-
change With us, BY paying him cash
bonus Of Eve per cent.
II isiartigef understood that the Leb-
anon Springs X 4 has been leased per
ps1aahy 90 the Bennington & Rutland
kR To, and that the latter have by
aia isase ); pulated TO pay the interest
90 the towu bonds issued and Of the
CKtsMp uriiou otthe lormer road. and a
aaraaneul eounection established with
the Hasiena Il Il The Bennington 4
aatlsad railroad was then sold to
divers parties, I W Park aud II II,
Battsrretn aiming prominent owners
In mar b. Nell u view Of the ease
vith whish transfers are made. without
evan taa ksowlsdge, mael. less consent
Il tbs ewners, 10 consider tie relation
n wAieh Ne stand 70 the company 10
wh.sh Nc heanng
In ;le hate Central Railroad imhrog.
Va. Commodore Vanderbilt. when on
ire stand was asked, why interest Ger
tiilcates WeFe not issHad on the Harlem
fnllroAd. asssered that that was b.
h@agiHlhe esnsaEn hardly anything o.
a.-asam lAa ssssele gasai sas osiy abo-'
eesn6@as@s Fyi~incay iniiniating. thai
the utjssa wsA altogether too ssnail
shfs larger game wa IN reach. Ia
uswrof she facility with which financial
oUaps a ca are male by raliread
ptBess. car position would not be :
ieashcsx consequence. nor our influences
Esszll,vTa weight We are but The d,
on iao oxs horn--as easily carries
aloag until the pfopoF time, and sheI
a. easily shaken % Let Us vote Il
zen tic RaIroad stock and bonds, ans
take pp and cancel car osh bonds, ans
irce ourselves iram future anxiety az
trouble
Manchester. Eel. 2, ise9
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