The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1870-12-06

VERMONT CESrRAL RuLnoEp. - The
annual meeting of the first mortgage bond.
holders of the ' ermont Central Railroad
was held at the Office of the company 65
Washington street, Boston, at noon We'd
nesday, Mr.. j. Pinkerton presiding.-
From the Trustees report, which was sub
mitted by j. Gregory Smith, it appears
that the net earnings of the road during
the past year were S2,0S4,SS4,50, aud
the net expenses for operating the same
81 ,495, 907 so, leaving balance on hand
of s5sS,976,99. The proceeds from bonds
and equipment loans were S4S4,31S,0S,
which added to the above earnings made
the total receipts S2553, sS0,61, and the
assets S57S,5SS,33.
The increase of earnings over those of
last year was S32,029,52, which was an
excess of S135, 454,07 over those of any
proceeding year. The increased expense
caused by the great flood, from which the
railroad suffered severely, was s137, 80
%, making reduction in the net earn
ings of s2,355,9S.
The trustees speak in the most salts
factory terms of the increased business of
the road, and within the year that there
has been added to the rolling stack 7 new
first-cass locomotives, IA passenger, 7
baggage, 209 box, 166, platform and 20
coal cars. The changeable gauge system
in cars had also proved of great advant.
age. The trustees also believe that the
time has now arrived when the road can
be advantageously transferred to the cor
poration, with profit to the stockholders.
The report was accepted and ordered to
be printed, and after rc.apponting Messrs.
Pinkerton and Otis Drury, as the COM
mittec for the bondholders, the meeting
adjourned.
AT meeting of the second mortgage
bondhoders held Immediately after, Mr..
M. Hall Stanton was reappoiDted to join
with the above committee, in representing
both interest.
Ex-Gov. u. b Vance, Just elected U.
S. Senator from North Carolina, is a
native of the celebrated Buncombe Co.,
in that State, and is about forty years OF
age. He is a lawyer by profession. In
1854 he entered his public life by accept.
ing seat in the Legislature. In 1855
he was elected to Congress, to succeed
Thomas L. Clingman. He was reelected
to the thirty-sixth Congress, and was
known as an american" When the
Secessionists sought to carry North Caro-
lima out of the Union he labored jealousy
against them but after the war had be-
come inevitable he acquiesced in the re-
bellion, and in 1861 was elected Cover
nor of North Carolina, in which Office he
served two or three years.
The position of Pennsylvania Repubi
cans on the great question of the appoint
ment of Commissioner of Internal Revenu,
is announced as follows: They wan
representation in the Cabinet, but rather
than place in that august body persol
on whom they cannot unite, and who vii
+, be an injury to the party rather than ;
. support, they will accept in lieu the of
fee of Commissioner of Internal Reve
!, nue., since the whisky and iron Interest,"
, of that bureau are of so much importanc
to the State.
g Governor Holden, in his message t.
the North Carolina Legislature, expresse
the hope that the National Government
+ will establish compulsory system of ed
/ ucation. According to the last educatio
report, North Carolina makes about tn
worst show Of all the States.