Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1872-10-09

IN any sense Whatever 10 the injury Of the
Vermont Central
The lessees Of the road viii at any time
be only too happy and willing to transfer it
entire to the Vermont Central system.
Tho Montreal Il Vermont Junction road
Is not leased road. That road in its incep-
! ton was sought for by parties adverse to the
Vermont Central road When il became
evident that 1t would be built, the mana gers
OF the ermont Central sought to place
themselves in Il relation To it that would Sc
cure allits advantages 10 their road
They therefore became somewhat active
in securing friendly relation to the par
ties in interest in the charter, and - became
prominently identified with it.
After the municipalities had made their
subscriptions to the stock and had secured
sufficient means TO justify placing the work
under construction, contract was let, after
pubHc advertising, Tor = specified sum, to h.
paid in the stock and bonds of the road
The work was commenced just a the civil
war in this country broke ont The eur
rency Of this country was then undiSturbed,
and, like the currency of Canada, was at il,
gold value. The contract being made in
Canada was payable in the currency of
Canata. To induce the contractors 10 ac-
cept the stock and bonds in payment for this
work, two OF the managers of the road who
were then directors in the Montreal and
\ermont junction road, gave personal as
~urance- that they would negotiate for the
contractors certain amount Of the bonds
and stock which they were 70 receive
The currency at this country, in c0nse-
Qurnce II the war, soon became disturbed
and gold rose - an eN9rbItant premium
i he currency ~ Canada had become serious
ly disturbed. and the contractor was
Obliged T. surrender his contract from in
ability T. 90 on. Meantime The work an tI,.
ermont ard Canada branch o. the Canada
Inc had been commenced. ami u prevent a
failure al the whale eaterpri-.. two of the
managers Of tbe Vermont Central. having
pledged the.r laith T. the PARTIES in Canada
that the, would In good faith aid in bnild-
ing tine road. undertook aet of their own.
means AMI an their own personal cre5itt9
carry the enterprise through. taking the
securities If tae road The road va- thus
csmBle-et 4 Temporary ar.}n cement Wa
made FIR OPERATING n Hy-rLa Vermont Cen
trll. ANA Il basis ii fsfv per cent. IF fb.
.rr.-~ r.a5ttt- was ON consolidation, With The
other managers .r.-~e.j lfl,,n f.r the inn
being NEif. fH.. mad ,,-5. nov eni in I,i.rb
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