The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1873-10-18
Vermont ana Canada Railroad.

Inc annual meeting OF the stockholders
of the Vermont and Canada railroad for
the purpose of choosing Board of Direct
ors for the ensuing year, washed at White
River Junction on Thursday, A Brooks
Of Boston, the president of the company,
presiding. There was goodly number
present, the most of whom were stockhold-
ers, there being 1906 shares represented
out of the whole amount, which is 30, 900.
The Board of Directors chosen were
Bradley Barlow of ST. Adams, Francis A
Brooks Of Boston, J n A Griswold of
Newport, r |, Romeo II IIoyt Of st AL
bans, James X Nichols of Haverhill, Mass,
Edward A Sowles Of st Albans, and Sam
uel Wells of Boston. There were votes re-
presenting 1905 shares cast, all being for
the Board which was chosen. except As,
being nearly unanimous ballot.
A motion was introduced by VIM. Mixter
and carried, to the effect "that the re-
cords of a special meeting held in May,
1871, be amended by changing his name
from Mexter, as stated therein, to Mixter,
and that the record of said meeting be
made to show that the vote binding the
road TO the amount of 81 100000 was not
a unanimous one, himself and Mr.. Weston
voting in the negative"
Mr.. Ellis introduced the following pre-
amble and resolution:
! Whereas It has recently come to the
knowledge of the stockholders of the Yer
mont and Canada Railroad Company that
certain votes heretofore passed by the di-
rectors of this Company have been passed,
or procured to be passed by the same per
| sons who were at the same time members
of the Board of Receivers and Managers
and that said persons have hereby used
their office as directors to enable them to
carry out their plans or purposes to the de.
triment of the stockholders of this Com
pany, therefore
Resolced, That this Company IS moi
bound by any such acts or votes.
Quite a discussion was had on this reso
luton, Mr.. Girard of New York question
ing whether it was policy for the present
meeting to assume that such things have
been done before it is shown that they hay,
been done
MIR. Idle of ST. Johnsbury said that lii
feelings were, that although the whole o
the stockholders were Mi present at til,
meeting of May, 1871, they hayc since ac
guessed by their silence to the proceedings
of that meeting; although he favored tn,
calling to account personally Of the direc
tors if it can be shown that they have il
any way betrayed their trust
The resolution was carried by larg,
majority, Mr. Todd of the Ncwburypor
HeroH offered the following resolution
which was also carried by large ma jority
Resolced, That the directors he instruct
ed to decline in future any proposals t,
guarantee the bonds of other roads or t
sanction any leases whose rents are to b
paid out of the earnings of the Vermont ant
Canada earnings, and if such guarantee o
sanction has been given in the past by tn
directors or Il small minority of the stock
holders, il was a sacrifice of the rights an,
interests of the road, and any director shall
use every proper means to withdraw from
such guarantee or lease.
Mr.. Nichols presented resolution, whicl
was passed, thanking the retiring directors
DR.. j. r. Nichols and William Mixter o
Boston for their efficient services durin,
the past year, after which the meeting al
journed. The Lowell and Northern rail
roads run Il special car attached to the
am. express train from Boston, returning
| -s..,ii't
the stockholders in Boston and vicinity
many of whom were accompanied by thei
ladies'.