Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1872-09-26
rom the Boston Advertiser of Wednes-
dayl
The Vermont Central.
POSSIBLE CAUSE AND EFFECT OF IT'S PRES
ENT EMBARRASSMENT.

Cdndua line, 1nJenSlueu DY the pan1cKy
newspaper and reetreports of misman-
agement and varied irregularities on
the part of its conductors, is widespread
| in the community, and accordingly we
| have endeaYored to ascertain by as care
full and thorough investigation as is pos
sible at the present time the true con-
dition of its affairs. The conclusion
reached by these preliminary inquiries is
that there is no just cause for alarm, and
that the managers will probably he able
to show clean record for themselves
and the roads in the statement which
they have announced as in preparation
for speedy publication to the b0ndhold-
ers and the public.
The present embarrassment has evil
IDENTIFY been helped forward and hasten
ed, if not brought about solely by the
operations of combination Or a con-
spiracy of New York railroad manipu-
| lators to break down the leases of those
| roads which the Vermont Central now
manage in competition with their inter
| ests. AS now organized the line is a
present competitor of the Boston and
Albany and of the Connecticut River
| road, and a possible competitor in the
| future of other great through western
freight lines and it is moreover in the
way of the formidable combination
known as the Delaware and Hudson
Canal Company, as by holding the Og-
| densburg road, running from ROUse's
Point to Ogdensburgh.-the line by
| which it is enabled to compete for west
ern freight,-it prevents that corpora
| ton from breaking down its great rival
the Delaware and LackaWanna. TO Get
possession of the Ogdcnsburg line is the
| aim of the Delaware and Hudson. and
to get it out of the control of the Yer
mont Central is the end sought by the
competing lines for through western
freight. The combination was formed
in New York city some months ago, and
it has apparently been working with
vigor and determination, using every
| means possible and available to accom-
plish its purpose The ''game" seems to
have been to destroy the public con-
| fidence in the management of the line
to magnify its financial difficulties and
to bring its paper to protest, and finally,
by creating a sort of panic, force the
surrender of its leases. The manage
ment Of the Ogdensburg road appears to
desire a change simply because, by Il
change, it can benefit its treasury It is
understood that considerably better
terms have been offered it by the COM
peting roads, and these it appears it
| would be pleased to accept. ''The Yer
! mont road is all right" said an official of
the Ogdensbug recently. 'but we want
to get the lease away from it, because
elsewhere we can make more money"
| BY the holding of this lease by the Yer
mont Central, Boston is secured one
| through line to the West by its surren-
der it runs the risk of losing all and the
| trade goes back to New York. about
which Boston has so long groWled.
| In order to make the situation of the
| case perfectly clear, it is necessary to 90
| into something of a history Of the line
! the public is wOfullv ignorant of the true
status of the line, to begin with. 1t is
not a private corporation. Il is a road
now in chanceTy, and the managers arc
simply the agents OF the court Of chan
! Gerry; and being in chanCery. no action
| that can be taken in regard to its debts
! can alter its present condition. ItsprOp-
ertv was a long time in litigation before
a compromise was effected by which
/ this disposition was made. Since 1868,
tneSe ma, 3 WIZ tIi[ LUZ b cons III o.
ye StoC\ ,t,. o,.l ,,',,'i Ia, ,,;,,
Scn Coz f Ii ClS q ,,l, ,,I I5 NJ
business loi a.: St,'SoS II t',.:SS /" 2,S-
/ held it for the intcresto Boston business
men and merchants. 1t will beromcm-
bered thaI aoout year t, *ll? I'm. me y: en-
mont Central was ,j inyllco 10 TO @2 , |lh
the Boston ana II AIoallE f,. l,r ne" ork
Cehtrai ana IiuIlson hl}t y, lle 5'tHf
Tlore' llle NeW ON r!lu El,y, ",5', ;Ill
FennSyiyal'a Itn5I%Il III ec trans 'rte' ION
10 me est ln3 I: large oILrIS We're I mare
10 this hoFIhGfn me 10 acccl,' inns Pro-
position, and that It has refuseI' trH4
me taGt tha' the man age I COX ne ne men
ground that IL was que TO me BUSINESS
interests OF me t merchants ie or e i'ost"n
that they ShouIH st2ll4 alo9I Ir" rom. Such
cohDinatioilS; anu Ci!aI I'll. result Was
great increase or Ifei@h1 over lle me
- al n y D.