The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1872-01-30
TREASURES REPORT.

bO,3lO,OO S60,SlC
Duo Ezra Mech on Farm, sl0,535,97
Due from stockholders, 100000
Mr.. V. p. Noyes moved that the re.
port be laid on the table. Mr.. Newell
opposed the motion, Mr.. Noyes said he
made the motion in order to get a more
detailed statement Of the cost of trans
porting the horses purchased at Wauke.
gan, ILL.,, from that place to the Stock
Farm. The motion was lost.
Mr.. Newell moved that the report be
accepted.
Gen. Barstow could not vote to accept
the report, until more detailed state
ment of the pecuniary affairs were given.
The Treasurer had given satisfactory rea.
sons why he could not give fuller re.
port to-day. He trusted he would make
one at some future day. 1t was bad
precedent to commence the operations of
the company in this way. The meeting
had called for report from the auditors
but did not have one.
Mr.. Harmon thought the directors were
the persons to report the financial condi-
tion Of the company. They had drawn
the orders which the Treasurer had paid.
Mr.. L. S. Drew, in behalf of the audi
tors, said that they had audited all the
bills presented them, which, however,
were but few.
Mr.. Tucker, the superintendent, had
drawn on the Treasurer for the expenses
Of the farm, but tho auditors had not
passed his bills.
Mr.. Noyes said the Treasures report
was not satisfactory to him. 1t was not
specific enough. He wanted the items
Mr., Tucker said his cash account, with
the exception of one item, was ready for
the auditors.
On motion of Mr.. Craue, the question
of accepting the report was laid on the ia
bic.
Gen. Stannard from the committee on
credentials, reported that great many
proxies were presented to them without
.. s. revenue stamp affixed. They deem
that the parties who had given these prox.
les without stamp, had done 60 through
ignorance Of tho revenue law. They
therefore reported the subject to the
meeting and awaited instructions.
Mr.. l.. G. Dodge moved that the re.
port be accepted and the committee dis
charged.
Mr.. Crane was opposed to the motion,
for the committee had not done all the la.
Dor required of them.
The motion was withdrawn and the
committee instructed to confer with Hon.
A. j. Crane, collector of internal revenue,
as respects the matter of stamps en- prox.
les.
Mr.. Brainerd, as one Of the committee
Of credentials, spoke of the dilemma in
which the committee were placed by the
presentation of q largo proportion of
proxies uustamped. These stamps are to
be cancelled by the makers of the prox-
les. The committee also recommended
that the bylaws Of the company be
amended so as to reduce the number of
directors from twenty-oue to FIVE or sew.
en-, and that the meeting be adjourned un-
til the middle of February. Then they
could have detailed reports Of the officers
He thought this the wisest course for the
interests ofthe company and sure to create
harmony.
Mr.. II. Spencer of Burlington, endors-
ed the remarks Of Mr.. Brainerd. He
hoped the adjournment would take place,
as it would give time for the opposing
parties in the company to cool off.
Mr.. Ezra Mech of Shelburn, moved
that when the meeting adjourned, it be to
the second Wednesday OF February, at
the Court House, Burlington. Carried.
The motion of Mr.. Dodge relative to
instructing the committee on credentials
was lost.
Mr.. Noyes moved that the Secretary
instructed go make detailed report
3 provided in par. 5 of the bylaws.
Mr.. Stafford wanted committee of fin.
ance appointed to examine the accounts
OF the secretary and treasurer.
Mr.. Tucker gave the reasons why he
had not made detailed report. He had
been i'll for some weeks past, and over,
loaded with work. He was confident tha
10 short time he would make repor
acceptable to the majority Of the stock
holders. He offered to read the item
from his cash book.
Mr.. Crane again made his protes
against doing business in the meeting
When II was not known who were voters
Nsbedy knew who WV tho sssskhsldn'