Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1873-05-14
The New Deal.

The New Deal.
/ On "Wednesday of last week, lthc Sec
end day of that Legislative Investigation
7hirh was to consign to eternal infamy
the present managers OF the Vermont
Central railroad, if we were to believe the
statements of the Boston TrareL'er,) the
books to receive subscriptions to the CAPT.
tai stock Of tho Central Vermont Rail
road, a corporation chartered last fall to
supersede the present awkward and left
handed manner of running the road, were
opened a; ST. Adams. The result was
that within three hours from the time Of
opening the books, two millions Of dollars
of the stock of the road had been sub
scribed for, and the amount required by
the charter to be paid over at the time
Of subscription was advanced.
We publish elsewhere a list Of the
stockholders in this new corporation, with
the number of shares taken by each, A
glance at this list will reveal the fact that
a very largo majority Of the stock is held
by New York-partics interested in the
New York, Boston and Montreal railroad,
into which that portion Of the Central
road and leased lines lying between Rut-
land and Montreal will be merged, and
form an Important link.
We have SO long been accustomed TO
look upon the Central as Boston iustitu-
ton. that The knowledge that a majority
of its stock had been transferred to New
York capitalists, was at first genuine
surprise. Aud yet little reflection
shows that there is no one at fault except
Boston herself. The difficulties under
which the road was laboring. the remedy
proposed, and the time Of its application,
were fully advertised aud we'll known by
Boston parties. They were hesought and
implored to subscribe, but Neglected and
refused SO to do. In this state Of affairs,
certain New York gentlemen, of the larg-
est wealth and highest business sagacity
stepped forward and seized the valuable
prize which Boston by her supincucsS sui.
fercd to slip through her fingers.
Next week the organization of the road
is to be completed by the election of a
new board of Directors, aud the other
necessary officers. BY provision of the
charter, a majority Of the beard Of direc,
tiers must be residents of Vermont. The
result Of this election will undoubtedly dis.
close that there is to be no general change
of officers of the road. Governor Smith
| will probably be selected as President,
and the other tried and competent officers
will not be turned out to make room for
others.
We are given to understand, upon com.
petcnt authority, that not only that por.
ton of the road which will form part Of
the through line between New York and
Montreal, but the other portions of the
road, are 10 be put at once in tic very
best Of repair, and that yet amper facili
ties for COMMUNICATION with Boston as wei
as Now York are to be afforded. Boil
the interests of the road, and the interests
of the people living along the line of thc
road, demand this; their interests ar'
idential in this particular, and we hav,
no fear but We shall be amply and vel
Accommodated. In this view of the case
with the exception Of Boston, we see NJ
f one who is to be injured by the change
1t is inevitable, however, that a larg
> part of the business of this State, whic
/. now finds market IN Boston, will be di
vertci to New York, and SO Boston wi
! suffer BY the supncness ct her capitalists
We have in our mind two gentlemen, {
great business sagacity, indomitable esel
gy and large wealth, TO whom We thin
; this new arrangement will afford unbound
' cd satisfaction. We refer to John Gree
CRY Smith and Treror w. Park, name
!. sell known in Vermont, and honore
wherever known. Prosecuted and ma
ligned by every insinuation which tn
= ma!ies Of powerful business rivals, the il
7 genaity OF able lawyers, and the skill {
an Inscriptions press could invent, the
have come out Of their trials reliued as b
fire, and haze new un opportunity to sho
the public tl:at they are yet trusted an
: honored 10 the b;ghes: financial ccnlcrs {
8 the country, and to put forrest the base
/ less SANDERS which have been heaped up