Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1873-08-13
Annual Meeting Of the r. R. Co.
LARGE AND ENTHUSIASTIC.
EXCURSION To GREENSBORO!

ief e~N :" VhiuuSiasuc stockholders,
which added TO the large number of rep
reseutitives from TIC western towns, com
pletely flled American Hall. A more en-
thusiastic and patriotic meeting has neveI
been held, and showed that the manager
retain the utmost confidence Of the peo
pic, both on the completed portion aud tina.
which is to be as sure as the days com,
aud 60.
The very harmonious feature of the
meeting %evinces that there Will be nc
swerving until the entire line is completed
as originally agreed upon.
President Brigham opened the meeting
With the following statement -
To The Stockholders Of The LamoiHe Val.
Ly Railroad:
At the time of the last annual meeting
of the stockholders of the Lamoil!e II. X.
Go. on the ID Tuesday of August, 1872,
regular trains we're running and doing
business between St. Johnsbury aud Hard.
wick, a distance OF 80 miles, being 20
miles on the Lamoille Valley Corporation
and 10 miles On the Montpelier and St.
Johnsbury Corporation. Trains were al.
20 running at that date. doing business on
the Essex County Il. Il. Corporation be
tween St. Johnsbury aud West Concord,
D distance of s miles.
Since our last annual meeting the line
has been extended from Ha,dwick to HYDE
Park on the Lamoille Valley r. r. Cor
poration a distance of II miles and the
Regular trains commenced running, doing
bu ,insss between ST. Johnsbary and Hyde
Park on the 18th day Of January, 1873.
A construction train was organized IN
the spring of 1872, aud has been CONSTANT
y at work up to the present time except
BIT short intervals, ballasting. filling up
temporary t%restles and making such other
repairs along the line as are needed for a
6rst-class road bed. And we have at the
Present time in Successful operation in one
d n.inuouS line over what is termed the
Vermont Division Of the Portland and
p~gdenshurgh II, r. Line, between West
concord and Hyde Park, GO miles Of road
Nhich will compare favorably in every re-
pect with any other railroad in the State
If Vermont. The condition of the road
bed and track heing in such u state OF
completeness that trains can with the
1rcatcst case and safety run 25 or 80
lies an hour. 1t has been the design
I'D policy to secure the ser vices Of rcIi-
Die young men liability an of good char
Bier and habits as officers and employees
+ the road, and We believe Inc successful
feratiou Of the road, the REGULAR y of
nc trains and freedom from accidents
bring the past year are largely due to
heir fa;thtulness aud efficiency, which
believe the stockholders will most
hterfuiiy acknowledge.
The construction of the Lamoille Valley !
all Road was commenced with a stock
description of $3.50, eco, consisting of
Boz 600 in town bonds and the balance
individual subscriptions. The Lamoille
7aIlcy Co. also joined with the Montpelier
pd St. Johnsbury K. r. Go. and the rs
* County r. Il. Co. in issuing a first
Iortgagc bond secured on the property of
e entire line in Vermont, Of $40, 600
pr mile for the purpose ofccmpleting the
obstruction and equipment Of the line in
ermont from Swanton to the Connecticut
iver. These irst mortgage bonds on the
mobile Valley r.. X. Co. amount to ST.
20, 900, and these securities together
lth the Stock subscriptions of $3.50, 900
! ount to $2,350, 000. Up to the first
~ of last July (1S73l we had exhausted
the stock subscriptions and mortgage
ecurities in all that had been expended
ID the Lamoille Valley r.. X. corporation
pm West Danvillc to Swanton for grad
B and masonry, engineering, bridging,
Ding stock, track laying, ballasting, fenc-
!, land damage, depots, cross ties &c.
Guiding every dollar that has been ex-
<ndcd on the Lamoille Valley r.. r.
tporation 81, ST., leaving a balance
stock subscriptions aud mortgage Sc
kities of l 1913, 1873 not yet expended
itch balance will be used to finish the
hstruction of the road between Highgate
Ethe County ofFranklin end Hyde Park,
l~istance OF 80 miles and the necessary
Ripment for til line.
With the work two-thirds done in Vor;
nt-if we adhere to the policy of a
d economy in the expenditure of the
hnce Of our funds, we see d o reason
|dispalagcment. We do not believe t
friends are disparaged under the cir- $
Distances. Then we have ouly to remain
bed and determined, AMI We irnly be- !
e that our efforts will be crowned with ,
Dplete success in 1874. /.
IL Of which is respectfully Submitted, !
w. BRIGuAM.
Chief Engineer Mitchell then read his 3
lual report, which is too lengthy for
columns this week. 1t will appear on o
|6rst page of our mex paper. We will :
however, that it gives a very f%ayora- ).
showing
be following resolution was unanimous a
Eosed
ksolred,-That the thanks of this Corpora i,
pre- eminently due and are hereby rendered
Aauncy Warner and Harrison Warner for
very generous and timely donation of two D
and dollars each to this corporation, and
the President Of the corporation be direct !.
nvey to the Messrs. Warmers the sentiments 1
eseed in this resolution.
DC meeting then proceeded TO the Il
nm 80 H. e.. H. al