The Rutland weekly globe. [volume] (Rutland, Vt.) 1873-1877, 1873-10-24
Vermont and Canada railroad

Inc annual meeting OF the STOCKHOLDERS
of the Vermont and Canada railroad, for
the purpose of choosing a Board of Direct
ors for the ensuing year, washed at White
River Junction on Thursday, f \ Brooks
of Boston, the president of the company,
presiding. There was a gOodly number
present, the most of whom were stockhold-
ers, there being 1905 shares represented
out of the whole amount, which is 10000.
The Board of Directors chosen were
Bradley Barlow of ST. Adams, Francis A
Brooks. Of Boston, J N A Griswold of
Newport, r I, Romeo II Hoyt of st Al
bans, James r Nichols of Haverhill, Mass
Edward A Sowles of st Adams, and Sam
uel Wells of Boston. There were votes re-
presenting 1905 shares cast, all being for
the Board which was chosen, except A.,
being nearly unanimous ballot.
A motion was introduced by VIM MiStcr
and carried, to the effect "that the re-
cords of special meeting held in May,
1871, be amended by changing his name
from McXter, as stated therein, to Mixtcr,
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 PIE
amble and resolution:
IA II
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
tteir 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 not
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 have
been done.
MIR. Ide of st. Johnsbury said that hi,
feelings were, that although the whole O
the stockholders were not present at tn,
meeting of May, 1871, they haye since ac
quiesced by their silence to the proceeding
of that meetings 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 a larg
majority, Mr.. Todd of the Newburypor
Herad offered the following resolution
which was also carried by large majority
ResOlced, That the directors be instruct
ed to decline in future any proposals {,
guarantee the bonds of other roads or I,
sanction any leases whose rents are to h
paid out of the earnings of the Vermont am
Canada earnings, and if such guarantee o
sanction has been given in the past by tn
directors or small minority of the stock
holders, II was a sacrifice of the rights an,
interests of the road, and any director sinai
use every proper means to withdraw iron
such guarantee or lease.
Mr. Nichols presented a resolution, which
was passed, thanking the reii.ing directors,
DIR. j. r. Nichols a-.a William Mixter Of
Boston for their efficient services during
the past year, after which the meeting adj
journcd. The Lowell and Northern rail
roads run special car attached 10 the s
a. m. express train from Boston, returning
on the 1918 p. m. express, accommodating
the stockholders in Boston and vicinity,
many of whom were accompanied by theii
ladies.