Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1872-09-27
he yc mont Central Troub'e~.

Tie Boston Trarellsr continues TO de7o.e 5
good deal Of space to Vermont Central railroad
aasirs, repeating sd expanding i's former
statements. Ia as isfus Of Monday sTonirg it
says
Though re are sitholt tie long promised Of
fetal statement Of the trustees, without which
t would Be uuai. to judge their acts, even Il
possible 20 judge correctly, 1t Il now certain that
the Affairs Of the road are in 4 worse condition
than The public or the t5nl-h0ilers hsi been led
to snplcss.
TIE =. I. AND @. 90.
People who bays hsi occasion 10 lr4ve. ca The
Northern railroads have noticed n&ny freight
cars IN Use bearing The initials ~. l. & C. Co,
hit fex, even CT oGr business men. could have
told that they were owned - the Vermont lion
Aai Car Company, sad even they would have
been puusi TO tell much about the company.
This company Vas chartered By The most &C
comm0ds;i0g legislature of Vermont, sni SIS sc
un9ert;ood, without limit to lie cSpital, a1t
with the par y1lue Cf Its shares not liked L
vas auth0i-e i TO build Ard o6n Cars 10 be run
between Qgiens5uTg ani the ssaboa.l- The
stock vas Distributed iu part among the en-
ployes Of the Vermont Central One nan re-
csivel fifty thares f.r which he vas to psy
$50 Per thsre Before DE had paid az
assessment Of dollar be toi twenty-five
I o. his shares s.; 500 per share-enough 20 pay
[ for the fifty tharet-ald siace, shares in this
company have S1ll ~ high a. Sll0. The con-
uauY hal $50 cars huiit, s0ue Of them. AMI per
/ bsps al Of them, in the shops Of the Vermont
/ Central Company tui tnege ears are nos run
/ from Ogien,burg % Boston, New London, Port
I lzud, Providence sud other places ~ 4 rate Of
two cents Per mile, taEi1- preference e. TIE cars
T Of the Company.
As an evidence Of tie manner q trAuS8c-lag
business. it is ti.i that The General S1rer.nteni-
I cit Of freight ca the Hartford Sc New Haven
rad refused 20 allow t-o c1als per nile fcr the
use Of these cars. but Vas oyerrulei ty the
I president q ;hs company, AID thst subsequently,
I be Was informed by Gov. Smith that if The price
/ wa 10, psii, there would be breskaze Of buk
/ with the frei GIT for that road
T1e Equipment Bonds, about which great
/ deal hAs been ,tii. we're issued q the irs; in
/ s,auce to the amount q 500. 600, beariug III
terest 81 eight per cent. free q government tax,
/ and were sll dispcIci q IN the coulse q three
months There Il 4 tireular .-i 81 yet unex-
/ plsiuz5le fact connected with the issuance Of
/ these boais Although the Vermont t Canals
/ Railroad Company we understood to hold s
/ frtt mortgage on The r5.lac stock snl equip
I meut Of The Vermont Central Railroad, yet these
/ bonds we're TO take precedence Il that As they
/ read, they constituted first lien on the rosd
/ The manner IN which .hs operation vas sccom-
/ pitched may, perhsps, he known 10 th0Ee who
/ are familiar With the intricscieE Of justice in
Vermont bu; to outsiders it l. inc0uprehensible.
We understand thSt tina trustees are person
rally li,ble for several hundred thousand dollars
/ Of the iudeb,einess, having Endorsed the notes
/ Of the company in order 10 rsise money. The
notes Of this company have been REGARDED with
/ suspiciol by money lenders for months past
There is rusp:eion thst the promised explains
ton hss tcen delayed, that there may be temper
airy arrangements made by which they msy be
relieved from responsibility.
As things look now, there is fair pros-
peot that matters will tcon be brought to cri-
tis. drsft for Sl7, 900. made by the National
Despatch Co. is understood to have gone 70
protest in New York on Saturday, and other
paper which has been in circulation in this
city is overdue and held for non-psyment
Strenuous Efforts are being msie 70 cover these
deficiencies, aud it is possible that a temporary
bridge may be thrown over the chssm this week.
Il is IN lerstooi that the Western railroads haze
sent representative 10 this city, Who VIII apply
himself 10 the work of closing up the contracts
with the Car Company snj the Vermont Central
road on ss "a v1rstle : bssis IS ucssble \ meet
ing Of the toudhel1ers cf the Vermont Central
railroad is TO be held in priyste On Thursday
ue1t, when matters pertaining to the present
condition OF s1sirs will undergo Discussion. sud
6 me decisica Eiu probably Be arrived A.