Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1873-03-28

the Trustees could safely pay. During III,
ten years the profit was large. but d. not
think 1t averaged over 10000. Don't
know whether the VI. Il vt. j. road has
paid profit to its owners or not. suppose
the road Is mostly owned BIZ Gov. Smith and
Joseph Clark. In my Judgment that road
must have cost 50 900 TO $50 900 mile in
gold. The raj Is 81 lbs. and iron Don t
know from recollection what the gross re-
csipt- of the Sullivan road are. There never
has been any arrangement whereby one-half
was TO be paid the lesSeo~. The expense,
are paid pro rata on the basis of mileage
with the Central. The profits 20 10 the
leSSees and not to the Trust
JOSEPH CLARK.
Mr. Clark, one Of the Trustees. testified in
regard to the lease Of the Sullivan road.
/ Question by Mr.. Davenport. counsel for
| bondholdcr>-llow much money have Won
made from the lease of the Sullivan roai2
| Ar. Fifeld objected 1t had been testified
/ TO by Mr.. Merrill That the lease of that
road had been Of great benefit ~ the Cen
tral. They had right to lease the road.
and TO make money 0ur Of it. ifthev could
without detriment 10 the Central. To 20
into this matter and ascertain how much
had been made by individuals. would re-
quire the appointment of Master in Chan
Gerry.
Judge Redfeld said that the court did not
see what difference it made TO the Central
whether the lc>Sees made $50. 900. or any
other sum. 50 long as the lease was found
by Mr.. Merrill to have been beneficial to the
Central, and the court would not 20 into
that matter
Mr.: Clark testified in regard TO the cost Of
the Montreal Junction, and the method of
lts construction. 1t cost about $50 900
himself and Gov. Smith ZELDA large amount |
ofthe stock, and it was built largely on hi, /
and Gov. smith credit 1t had been run /
by Mr.. Merrill had been a mutual agree !
ment he and Gov Smith had urged n /
different arrangement and he had done what |
he could to have such an agreement made. /
bit the committee of the bondholders an
pointed 10 settle with them had not made
any progress. Did not think the rate paid
now, VIZ, 80 per cent. of the gross receipts.
was a. much as the Central should receive.
L. d. FULLER.
a livery stable keeper. was introduced by
the prosecution, and testified that in Gov.
smith settlement for his livery, in 1863. he
received credit of So in Communication
tickets Counsel for the Trustees declined
10 cross-examine.
H. &. WILBUR,
treasurer Of the managers. stated that the
trustees had failed 10 meet their obligations
Of September, and there are now large sus-
pended debts against them. including SIC
500 which became due on account of the
sinking fund for the Northern Transporta-
ION Company. The witness read the print
ID reports of the meetings held in Boston
q October last, and was examined a.
% tho figures contained therein. The
money paid in statement Of the claims of ,
he National Car Company consisted in part d
II notes held against the Grand Trunk /
lompany, and the rest Of the money - re- ii
eiyed was used in extending the liabilities 1
# the trustees and managers. a
J. W. NEWTON, Il
Jerk of the Vermont & Canada COMPANY. t
cad from the books list of the names of O
hose who received 327 extra shares Of the a
took issued in 1850. These issues were
lade to the following persons To Levi G;
Underwood, - shsres 10 !. Gregory !.
NTH, 100 shares; to c. o. Within lre. 30 I
iares; to Joseph Clark, 20 shares to -
J.. b. Peck, II shares to W. c. Smith.
D shares to G.. NJ Dexter. 20 shares. ci
Question by Mr.. Fiiied.-IIow many re
Mares did Mr.. Brooks, the present Presi- IN
emit, have in his name in October last c,
Mr.. llard.-What do you want TO put NJ
rat in for?
Mr.. Fifeld-To show that Mr.. Brooks is W
ping what has been charged upon Coy.
NTH and others.
Mr.. Newton-IIe had one hundred shares
October, and on the first of January five
inbred.
s. c. ;. THORNDISE, ue
Sslstant Treasurer of the road. testified
ut no -, ! -
vision that Judge Brown, now deceased, mi
rs on the Ogdensburg nav roll when that M
ad was leased to the Central; and that he ha
Is paid SECS. SO per month, as director and tn
unsellor. ca
LANSING MILLS, rel
esident Of the National Car Company, tn
tied that the company was started in sh
)ntreal. One car was first built to test it. is
e roads were reluctant to take hold of it.
d il required a great deal of effort to yet rec
9 company organized. Not ten per cent Ca
the business OF tbs read came from the an
est by rail before the organization of the tn,
: company. The business had gone up An
m 1000 tons in 1870, to %, 600 tons in his
y. The Grand Trunk threw out thirty Pre-
he miles of its line for the sake of getting the
) connection. The rates were fixed at the 81
-set at three cents per mile. This his
: agreed TO by the directors and
nagers of the Boston Il Lowell. me
neord, Northern, N H., the Grand mo
INK, the Great Western, Michigan Cen to
|, Chicago 4 Alton. and Gov. Smith was had
last one to enter into the agreement. ma
ore the company was organized if they dis,
car day, or five tons of freight from and
'ton for the west, they thought they were ers
ngwell; now they got sometimes ten ear on
Is a day. The Vt Central Co. has re- as
ed $780, 900 year from the Car Co. and wer
ne cars of that Company had not been mat
on they would not have received s., 900 rec,
western freight. The changes now being moi
lie In the cars would cost S46O, 900, and clai
Ough they had realized 10 per cent the thai
spects were not flattering, the cars rap II
depreciate, they will not last so long as are
ordinary car. The definitions are great, ton
axes from five to six days longer to ord,
&c the two changes, than it would if the
g was but one guage through. 1t wasa coul
It deal better to have cars 90 partly can
d than to run empty. Could afford to plac
y at very low rates for western freight, viii
er than to carry nothing; it was better earn
get only $40 a car from Boston to St. wha