Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1872-01-03

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This report shows the exact state Of the
ire lsury up to o'clock Monday evening.
since then $3.50 have been paid in on stock
subscriptions
After the reading Of shi- very clear and
concise rsu1rt 81 the Treasurer, she Pres
lent directed tno meeting T. the election Of
board Of nine directors. and appointed
Nessrs Cbarle- Dewey and samuel Wells
( tellers. VINO were assisted by Hon. John A.
! Pa.e as umpire, in regard to those having
right to vote. It was stock vote. taken
. a.reeaHly 70 the provisions Of the statute.
/ By which Montpelier with her subscription
OF 5000 600 could only cast 400 votes. The
ballot resulted in the nearly unanimous
choice of the ola board OF directors Messrs.
Richardson. Hail, French, Foster aud Brown
received the entire vote of 1903, c. IL
Heath l-U4. Eli : Pitkin 1894. and George
b Fcsscuden 1908 George Wooster and
lie. NJ. Weeks each received Pos votes. ana
there were TWO scattering ballots luis lit
/ tie diversion was caused by some local feel
insa- t. men. and was not owing to any op-
position TO the ae,s 81 the directors in regard
CO the road.
After the election st directors Judge
Richardson aSa.n addressed the meeting,
urging thest stockholders in arrears % immedI-
stcly pay UP their subscriptions The csi-en-
cics or tht company demanded prompt pay
mcut. The directors wished t, push the
work forward s. rapidly as e. have the r9ad
In ruuniu. order in season 10 e,eurc The
pleasure travel tre coming GUNNER. Taey
could da tbi, tnc funds were forthcoming
81 ones. Rl ID nor IN readiness 6 secure
thi- summer travel. they we're Determined 10
have The ROAD completed Tor the ose 81 the
Legislator. in October next There were
some SO .u00 in stock subscriptions all
all sIgD. the line q. tbs road new due.
Tncse were al considered good and hacked
bv tas uaues If responsible men There
were some 81 200 :. hung M OF tied ~
for the present-but the director. were de-
termined the road should in good time realize
every dollar due from Is stock subscriptions.
Shareholders as last Is they pal5 up could
receive their cort 6cate OF stocks from the
treasurer. These subscriptions were nee
essary 10 complete the road, and with these
and the amount ID be realized from the
bonds OF the company, the road was sure If
success The local business would be good
and with the through business certain
q CIV through this channel, It would
pay the interest ON he bonds az all times
md, IT was thought, leave a balance Tor the
owners The directors had prepared bonds
f the road tor sale. and the speaker al
parties possessing good opportunities OF
Judging in such matters. regarded these
bonds as a sure Investment. It would be
advisable for the moneyed friends of tt i
ent rprisc to invest in the comp'ny's bonds.
They had been issued bearing both annual and
semI-annual interest and SO arranged that
the earnings OF she road would pay the in
terest on them.
In conclusion, Judge Richardson repeated
that there bad been no misappropriati1n Of
the funds OF the company. The money had
been paid out for the legitimate purposes of
constructing the road. The directors had
received 40 pay for their time and services,
ald had only been reimbursed for their neces-
sary expense money. They had faith IN the
road, and were willing to wait for their re
ward till the iron horse bearing freight and
passengers across these hills and valleys
should reward and benefit those who had
labored with them, and contributed with
them Tor the accomplishment of this great
object
MIR Heath introduced the following reso-
luton, which was unanimously adopted
+ Resolred, That we approve of the Bonds
prepared for issue by the directors, and es-
pecially as 70 time OF payment, denomination,
+ interest and time OF payment thereupOn, as
+ the same have been proposed aforesaid.
T The meeting then adjourned in the best Of
spirits, and with new resolves to push the
enterprise to success. The present board of
directors are entitled to great credit for their
Efforts in behalf OF the road, and their unau-
imous reelection was an endorsement well
earned and cheerfully given. We shall re-
fer more particularly to some Of the moving
and guiding spirits of the board at another
time.
William 5 Holman, who represents the
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