The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1873-06-24
OBSERVATION-DISCLOSURES rIGHr.


of@ltsysSpont Valley railroad between
Brhtt1eboro and Bellows Falls, "a miles.
1t was leased to Mr.. Z. A. Burchard and
Governor John B. Page, while trustees of
the Rutland road, but as separate, indi-
vidual affair 1t afterwards went into the
Central Vermont combination, by an ar
rangemcnt under which the Central Yer
mont paid Messrs. Burchard and Page for
the use of the road, and these paid the rent
10 the directors of the Vermont Valley
road. all the accounts being kept separate
w. As the time is about to expire the
stock of the Vermont Valley has been
bought up, with the expectation of obtain
ing possession of the road. but they have
lately discovered that the lessees of the
road had obtained a renewal Of the lease for
five years. Now the buyers contend that,
rs they control the bonded debt of the
road to the extent of half million, and the
debt is due, they are entitled TO possession.
They say the money is paid or ready to
I've paid
foreclosure, and how they are going to get
shut of the lease without foreclosure will
Gaye to appear in some different manner
than IN mere talk, or by calling meetings
jrregulariy. The present board of direc-
tors being favorable to "A policy consistent
Yith the present attitude of the lease have,
lay virtue of bylaw. postponed the an
nual meeting of the stockholders from
June to December. The president. taking
different view from the majority of his
associates. has called meeting of the
STOCKHOLDERS for the usual time. which Is
next Friday. June 81, at Bellows Falls.
This fight is inaugurated by the Con-
necticut River road. which has bought up
the majority Of the stock, and wants to
take away from the Vermont Central the
Use of the Connecticut Valley road. This
meeting TO be held on Friday will probably
elect new board of directors, and these
are expected to proceed in the courts, and
cndcavor to Dust the Vermont Central. if
it takes five years.
They seem to have the notion that the
terms of the present board of directors ex-
pire by the mere falling due and payment
of the bonded debt, or the readiness of the
Connecticut river road to pay it with the
design of absorbing the Connecticut valley
road, and they therefore call the adjourn
ment Of the meeting above mentioned de-
sign to pcrpetuatc the official term of the
directors, and an outrage on the rights OF
the stockholders. All of which is very
fine talk, but let the Connecticut river rail.
road stockholders restrain their gushing
feelings till they hear from the courts.
Messrs. Burchard and Page secured fif-
teen years lease of branch of the Yer
mont and Massachusetts road, extending
from Brattleboro to CIRCUITS Corner, or al
it is now called, Miller's Falls. This piect
of road, 81 miles in length, has ten year
yet to pass under the lease. 1t is touched
at South vernon, on the state line, tel
miles from Brattleboro, by the Connect
cut river road, and while it remained in tn,
control of the Vermont and Massachusett,
IOtt, TIT SOlhSStitul iNCl lOuei ldn llCCly
over it with their cars and conductors, but a!
soon as the lease was made the lessees stopped
all that, which made the Connecticut rive
railroad people angry, and they undertook
to build another road from South Vernon
to Brattleboro, but were stopped by an in
junction issued at the suit of Messrs. Burch
ard and Page. Now the Connecticut rive
company is threatening to try it again, ant
has surveyors out to survey route.
This piece of road, from Brattleboro T.
Miller's Falls, is also in use by the Vernon
Central under an arrangement of the sam
kind as that mentioned in the case of tn
Connecticut Valley railroad. From Nil
ler's Falls to New London is controlled b,
the Vermont Central through lease effect
ed by Messrs John Gregory Smith an.
WOrthington G. Smith, of st. Adams, ant
Mr.. b. P. Cheney, of Boston.
AS the Connecticut river railroad is ais.
long line, the contest for these pieces o
railroad is likely to be lively but we hay
no fear that the Vermont Central vii
come out second best.