Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1872-09-27

From the Troy Tines.
In the Vermont Central railroad and 10 the
country through which il pAstes the business
men Of this immediate vicinity have vital in
tsres; No railroad il the country Was until re-
Gently supposed to be in better financial coaii-
ton. LIS one OF the leading corporations Of its
kind in the country; nearly every rail in the
staie Of Vermc at is under its control. In con-
necticns give IT 81 enyiabe advantage which
most other corporations do 10. possess Bust
ne.s men acqusnted with the road never be-
leved that it would fail, sad the rumors Of the
past .es days, Together Bith tie Geographic an
rouncement yesterday talt it, paper hEd beeu
protested in the Boston market, created sur
prise
There are two stories which sccount for this,
at esst, temporary disturbance. One reflects
upon the management GrSve chsrges Of mis-
management have bsen made against sundry
persons high in posirion. Il is said th2t the
road has been run Tor private benefit, and that
while favored few have scqairei wealth the
stockholders haze grown poorer. Several email
railroads have been leased, Ii is s.id. more for
the benefit Of certain pefs rs than for that If
the corporation. A number Of the officers are
scculed Of being interested in the NAtiOnsl Dis
patch Company, into the treasury Of which the
best share Of the earnings Of tire road are sup
posed to have gone
The other side OK TIT story shoSs up the
failure in an entirely different light. We have
excellent =nd izrLrt..l authority for this ver-
sion. For some cause The leading railroad cor
pOrAtions OF New Egg s1l have been st swords
points with the Vermont Central for come time
past, and they have formed combination for
the purpose OF breaking it up and getting pos
session Of the property and branches, which are
nral h.v
ceeled in reducing it to its present extremity
had it not been for the cEreleEsntss of fnsn-
cal clIcer who, in giving notes on behslf Of
the road, allowed t1e.a s!i to mature At about
the sane time. They matufel last week when
the money msrket WAS very stringent, and the
company was unable TO borrow in time the large
sum necessary to prevent lis paper being pre-
tested The floating debt Of the company, re
presented by notes, is two millions Of dolara
The OficerI expect 10 secure the entire sum
within few dSys, and to continue running
the road under it's present management IL IL
believed that the combination will endeavor 10
force the corporation into bankruptcy, in which
event 4 number Of connecting roads stand
ready to loan their credit TO the imperilled cor
poration Ia addition the Vermont Central has
a strong hold upon the people Of Vermont, who |
ere net ready 70 zee i psss from the hands OF
their feiloT-citIzens into tue Management OF men
from ether sections Of the country. With such !
friends as these it is anticipated that the rosd |
will weather the gale, and come out with undi- |
mini,hed resources.
From the oston Journal.
There lie nothing ss yet known regarding the
actual financial condition Of this road. and it
will require come time for even the managers to
make full statement Of their affairs. 1t sppesrs,
however. that they evirce no disposition to su:-
render without struggle. They have faith IN !