Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1871-05-17

notwithstanding anywhere and connecting no
where-that have been laid out in such num-
bers by men still living. And yet the city in its
corporate capacity, rather than individuals,
ought to feel responsible for this deplorable
snarl of bridle-paths that we dignity with high
sounding names. Separate owners of little par
GELS of disconnected land can hardly be expect
ed to incur the expense, or to agree upon the di-
rection aud construction of broad and spacious
streets penetrating long distances through
populous city, where every step of the work
would encounter whims, prejudices, malice,
meanness, and all sorts of opposition. But
coming generations will not spare our memory,
on this account, we may be very sure.
The censure that posterity will pass upon our
narrow, stiugy, tortuous doings in this way may
beconjectured, no doubt by any one VINO VIII
take his stand in front of the Technical School,
and thence try to reach, by the quickest and
most direct route the Junction station, Wash
ington square, Bell pond reservoir, the top of the
hill on Lincoln street, or almost any other To-
calitv in the easterly or southerly portion of
the city. But so we play our part, in our day
and generation, Initiating the easy side of our
sighted wisdom,-secure in the consoling faith
that when posterity takes its turn to fiddle on
the same old jangling chords, we ourselves shall
at all events be beyond the hearing of praise or
censure!
HARTFORD AND ERIE AeAtN.-The meeting
of the Berdell bondholders in Boston, yesterday,
was called for the purpose of raising funds for
reimbursing the sums advanced by the receivers,
so that the trustees of the bondholders may take
possession Of the road under the decree lately
issued by the supreme court. Mr.. Lothrop,
from the committee appointed last October,
stated that they had accomplished all they hoped
for, except raising the money to pay the heavy
expenses of litigation in four states. The
amount of legal expenses had been about S2SOO,
and the amount needed to reimburse the receiy-
ers is $500 900. Mr.. Edward L. Pierce, counsel
on behalf of the state to protect its interests as
a holder of Berdell bonds, offered the following
series of votes:
Voted that the thanks of the bondholders be
given to the committee for their labOrs in behalf of
the holders of the Berdell bonds and their efforts
to procure the foreclosure of these bonds and mort
gage, and the distribution of the property of the
Boston, Hartford and Erie railroad among its cred
itOrs and that the committee be continued in force
with full power to fill vacancies to add to their
number, if in their opinion it be expedient.
Voted, that two per cent on the par value of the
bonds held by him be paid by each bondholder to
this committee; the amount raised to be used to
pay the sum due to the receivers of this railroad,
and put the property into the possession of the
trustees of said mortgage for the purpose of fore
closing the same
Voted, that a list be made of the bonds paying
their contributions, and that all such bonds be
stamped as having contributed to the expenses of
these proceedings and entitled to the benefit of the
same for foreclOsing the mortgage.
In response to inquiries, Mr. Pierce said he
thought it probable that the legislature would
approve measure which required of the com.
monwealth the same proportional contribution
made by other bondholders, but of course he
could give no pledges. The proposed contribu-
ton offers an opportunity for the bondholders
to obtain control of the whole property, and Ill
timately complete title to it, which will Civ
their bonds a real value. Mr.. Pierce stated in
reply to a question, that during the past ten
months the receipts of the road had been $780,
900 beyond the disbursements aside from the
Office expenses Mr. Pierce was added to the
committee of the bondholders, which now con-
sists of George NJ. Barnard, William T. Hart,
Seth Adams, T. X. Lothrop and Edward L.
Pierce.