Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1872-10-18

OF the OIllcT fOduS III Tile W iNohSN VIM
car service.
! There was not at the first nor has there
| been since any element of speculation OF
| private or personal aggrandizement IN II
whatever, nor have the cars, in the opinion
of the Trustees and Managers, been permit
| ted any undue preference or advantage over
the ordinary cars of the road. The instructions
of the Trustees and Managers from the out
set to the heads of the departments charged
with the duty of looking after such matters
| have always and uniformly from the first
| been explicit upon this point, and they are
/ fully assured BY the several departments
! that these orders have been strictly Obeyed.
The rates of freight between Boston and
| the West are not regulated by the Trustees
and Managers of this road alone. These
are under the general contrOal of board of
managers of through line business, which
Board is composed of representatives Of each
road constituting the line between Ogdens-
| burg and Boston, and this Board Is Organlz-
! ed again by a Chairman and an Executive
| Committee To this organization all ques-
! tions Of rates on through freights are re-
| ferred and are under their control. The in
! stances cited in the public prints where the
amount paid for car service exceeded the
amount received for the freight, may or may
| not be true. No such instances on the YER
mont Central road have come to the knowl-
/ edge of the managers, nor do they believe
| they exist. If found on other roads, it is
/ believed that they are isolated cases, and if
all the facts We're given would find salts
/ factory explanation.
| No such instances have, however, been
I brought to the notice Of the managers of
/ this road by any of the connecting roads.
! That the organization of this despatch line
has been of actual and essential benefit TO
Z tho NarTppnt (fantpo1 rpoH candid py-
/ animation Of the business will be forced to
admit. That it would be desirable that the
| road itself should own the cars there can be
no room for doubt and the managers can
not too strongly urge the Importance Of the
/ purchase. 1t is simply a question of capi-
/ tai. If the road were relieved Of its present
restricted and awkward position as.regards
/ the mana cement and were placed in the
/ hands of a corporation, where the proper
additions to its plant and the things neces-
sary for its expansion and growth could in
/ its own Legitimate and natural way be
/ capitalized, all the difficulties and embarraSs-
mentS which now hang over the enterprise
would be relieved 1t would add new zest
/ to every department of the road, it would
give If a credit which trustee mana cement
/ can never possess, IT would bring develop
ment and growth which would surprise
/ even its most Sanguine friends, and it would
4 ItulONt dll lilG tdbl>c lOT Jealousy anu SuS-
/ piciOn which must ever attach TO the man
ayers of a road, however faithful and honest
whose term of Office is not dependant on the
will and choice of the true constituents of
/ the road but Is derived from another and
/ Independent power. 1t needs only fair and
/ just appreciation of the real value Of their
/ own property by the security holders, and a
/ proper knowledge of the fertility of the re-
/ sources of the road which only wait 10 be
I developed, to inspire the necessary conf
dence TO command the capital 10 accomplish
all this
! Scarce one of the security holders even to-
day realizes what his property is-few ever
visit it to watch its growth, to study its
/ characteristics, to understand its wants, and
/ the difficulties under which il labOrs, much
! less are they in any condition to Judge of
/ what is just and right, or what j. true or
false when their property or its managers,
/ from whatever motive, are uniustly assailed.
THE y. /. AND c. co.
This is another organization formed in
/ 1870 The new extension of the Ottawa &
/ Prescott Railroad to the great lumber mills
/ at Ottawa seemed to give promise Of open
{ ing largely increased traffic in lumber from
that section. A meeting was held at OF
tawa by the lumbermen and the managers
/ of the Ottawa Railroad, and those of the
/ Vermont Central road, and after full con-
sideratiOn of the proposals made by the
/ lumbermen, the Ottawa road determined to
proceed at once with the construction of
their branch road, extending it directly to
/ the mills and lumber wards, provided the
/ Vermont Central would supply the necces-
sarv cars to be devoted entirely to the lum-
] ber business, transporting it without break
ug bulk direct from the place of its manu-
facture to market. To do this effectually
/ required, as it was estimated, FIVE hun
dred box cars, to be increased from time
to time as the growth Of the business de-
manded.
The trustees and managers were in no
condition financially to undertake this out
. lay of money, and hence were obliged TO
/ forego the business or encourage the build
/ ing of the cars from other sources 4 car
company was formed under the above name.
and two hundred cars were contracted for at
the rate of two and half cents per mile car
service; the trustees and manag gers reserv-
ing the right at any time 10 terminate said
contract by purchasing the cars.
The result of this contract, 80 far from
exhibiting a loss to the Vermont Central
Company, has been an actual profit to them:
the revenues derived from connecting roads
on the usual rate for car service per ton PEI
mile for the use of these same cars having
( lblbttl 10 the IdllIbdu llOEt IMAM mas DeeD
paid to the car company at the contract
rate. The trustees and managers have
therefore, been actual gamers under the
contract. The ears of that company, a,
will appear from the statements of the mas
ter of freight transportation have never been
permitted to take precedence Of the cars be-
longing TO the road, but have always been
set aside on the sidings whenever the bust
ness was slack, 50 as to keep the cars OF the
road fully occupied.
4 THE NEW LONDON LEASE.
This road was leased by three ofthe mana
gers in December, 1871. There existed a;
the time of its lease substantial and salts
factory reason why the lease could not ther
be taken directly TO the trustees and mana
gers.
Theparties hadno idea ofany personal Spe,
culation in il, but took it temporarily in thi.
form for the benefit of the line They have
never in any form received one cent from il
individually, nor has there been any dis
elimination in favor of it in division ot
rates, or in any other possible form for the
benefit of the lessees.
The lease itself contains the provision lon
its transfer to the Vermont Central road Al
a proper time, and they are the only partia,
TO whom the transfer can be made.
The managers deemed it important for The
interests Of their line that this lease shonId
be made. That it has been of great yaIut
to all Its interests can, as they believe. bt
satisfactorily shown