The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1872-10-01

which the Vermont and Canada Railroad
and the first and second bondholders Of
the Vermont Central Railroad are all the
parties in interest. This debt, with the
yearly interest, is as follows:
Yearly Int
50 O0b 600 Enuipment Bonds So 100000
100000 Bonds guaranteed by Yer
mont and Canada $4,000
500, 900 stanstead and Chambly Is $1,000
500 900 Mis.isauoi Is $1,000
$4,000
This is all the debt under the Trust
The road can depend on earning $4,000
600 gross at present, and an annual in-
crease of 6 to s per cent. If well man
aged the net earnings would be 80 per
cent, 100000.
If the new bonds, S1S00,000, are is
sued, the annual trust interest will be in.
creased by Sl44 900, making a to;al. of
s454,000. The above by consent and
application of all the parties in interest
are the first lien, sanctioned by the Court
Of Chancerv of Vermont.
After this comes the Vermont and
Canada stock, $4,000 coo, and the first
Mortgage bonds OF Vermont Central,
100000, and the second Mortgage
bonds, S1,500,000.
If the new bonds should not DC issued,
then the floating debt of 100000 must
be paid from assets and earnings before
the Vermont and Canada and first and
second Vermont Central Mortgage bonds
can receive anything.
But in any case, with good manage.
ment, it is obvious that the interest on
the equipment bonds, the guaranteed
bonds, the Chambly bonds and the Miss
isquoi bouds is sufficient, for all that is
required is $4,000 per ahuum on a
road that properly managed will eoru
$500, 900 to 100000 per annum. 1t
should also be stated that the equipment
bonds are secured by special equpmen,
the guaranteed bonds by special
guaranty Of the Vermont and Canada
road, which has stock Of S3,0O0,0OO
only with Il property richly worth ST.
900, 900, aud that the Chambly and Miss
isquoi Bonds are secured by a first mort
gage Of the respective roads. The Cham
oily road already earns its interest; the
Missisquoi "a new roadD is earning al
ready Its expenses aud perhaps quarter
Of its interest, and no doubt is entertained
that 10 short time it will more than earn
its small first mortgage interest Of $780,
600.
Such in brief is an exhibit Of the az
fairs of this road, and We fail to see, uu.
less there is gross acknowledgement, why
it should not be able to meet its obliga.
tions and in the end place itself on Il firm
foundation Boston .Journal.
TIE BUILDERS STRIKE IN LONDON, just
ended, was a grandose affair, and seri
ously agitated the capital of Eng land
during two months. Nearly fifteen thous-
and men were "locked out; " and in all
twenty thousand mechanics and laborer'
were directly affected. The 7 oney cost
Of the struggle to the workmen can new
er be exactly ascertained, because OF the
strict reticenc. preserved by the Trades
Unions with regard 20 their finances, But
very nanny thousands Of pounds have
been swallowed up in the great two mon
tbs war between capital and labor aAd
the struggle has at last been free from
physical violence. The masters have
given the workmen assurance that there
shall be no "spottel' men.
The YouNG Folks RURAL.-ls nov
city among publications for Young PEG
pie, entirly different from any other il
style and character. Cash prizes arr
given for best compositions. Writ
for specimen number and particulars
which will be sent free. Terms, 81 ,3(
per year-Sl0 90 in clubs of four an'
more and every subscriber receives pal
of beautiful chromos as a gift. Splendi'
premiums to those who form clubs. Ad
dress ii. n. f. LEWIS, Publisher
Chicago.
Mr.. Theodore Tilton seems to hav
countered fairly on the Grant assailan
who interrupted him at Greeley meetin
in Maine with the inquiry, Didn't 20
write biography of Mrs Woodruff ?
Yes what have you got to say about it?
"Why, it was an outrageous thing.
',Well, that's precisely what Herac
Greeley said about it, aud he was RICH
where | was wrong. What are you op
posing him for ?"-Nec York Tribune.
PAY YouR PosTAGE - Under tn
, amended postage law more strict rcgula
tons have been made to secure full pr,
, payment of postage. Where this is Ut
! done, double the required amount Is
7 be collected of the person receiving tn
letter. For instance, if letter require
7 two stamps, aud but one is put on, tn
! person receiving it will be required
: pay six cents; il two stamps are left OF
he will have to pay twelve, and SO on.
CAPT. HALLS ARCTIC ExPEDIrIoN,-.
correspondent of the Gloucester Tel'
graph says the past winter was most eA
traordiuary one on the West coast c
,, Greenland, extremely mild and with yer
little ice. Nothing has been heard fro'
Capt Hall in the Polaris since last fal
, when he left Uppernavik. 1t was SUI
\ posed he would have splendid opportui
, ity to explore the North, as the account
from the most Northern Danish SETTLE
: ments all agree as to the mild winter,
/ There is veriiable warfare betwee
: the Philadelphia aud Reading aud Wi
) mington and Reading Railroads. the la
ter having been recently constructed I
an opposition company, and detail OF
thousand policemen has been ordered
prevent riots.
e John Barclay, convicted of the murd,
J, Of Charles Garner, near Cincinnati, q
!, last October, made full confession {
Q his guilt Friday, entering into the mo
o minute particulars connected with Il
horrihla affair He will Ia hanOad a