Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1873-03-26
The Termant Central Railroad.

80 - W. N"tf ~NfN
malicious. 1hsy circulate lies and SIAN
der. insiigaie petty quits. and in every
possible way seek TO embarass tie rOad
and annoy It's management. The parties
most aeiive lie these movements are the
officers Of the lover roads. between Yer
mont and Boston. aud Braiileboro aud
Springfield. Whenever they have Gen.
trail money in their hands, aeeruing from
freights anl tickets, they inform some Of
the Malicious creditors OF the road and are
served with trustee process which they
have invited. They thus keep its lawful
earnings out Of the hands Of the Central.
avail themselves Of the interest OF the
funds which they have procured TO he
locked in their own hands, and prevent,
so far as they eau do 50, the liquidation
of the claims against the Central. Il ia
very handsome and irritating method Of
procedure aud one that no honorable man
would countenance. Such methods OF ac-
ton ultimately return to plague their in
veniors.
The Central managers have now the o..
portunity Of indicating their course
There arc two suits pending against them
-One to compel the payment oftho Yer.
mont aud Cana Ia interest of last Decem-
Der, and another to remove them from the
management. They were called TO an.
swer to these suits before the chance llor
on the 18th inst, and the questions at is
sue will probably be deciied this week.
As the trust debt must be the first charge
upon the income of the trust property,
aud as the debt was incurred by aud with
the consent Of the plaintiffs, aud as the
Court of Chancery ordered the expendi.
lures which have resulted 10 incuaberinc
the trust, We DO not see how it is possible
that the suit will be successful. The
Vermont and Canada stockholders can do
a far wiser thing than practically repudi.
ate the debts Of that corporation as they
W oud do. should this suit be decided in
their favor. We DO not for moment be-
lieve the Chancellor will hold that the
creditors of the road have no claim upon
its earnings.
AS to the removal Of the Managers,
there ought, at least, some cause TO be
shown for it. They surely will not be re.
moved for the Ogdensburg and Rutland
leases, fer they were effected by and with
the counsel Of the Advisory Committee
and ty order of court. Tidy will hardly
he removed for the Car Company contracts,
for these contracts are participated in by
the lower roads aud by the Grand Trunk
and Michigan Central. The Central
are not delinquent to their trust
when they join the connecting lines in pro-
curing adequate equipment for The service
Of all the roads on the through line. A
has as much right to hire car.
r a res for the Transportation Of freight as
1t has 10 buy them, or as livery keeper
has to supplement his own stock by hired
coaches for distinguished funeral. In
fact the managers as read would be de-
linqucnt if they did not make uhat pro.
vision they could for their business. AS
10 the Montreal aud V. j. II. r., the
managers both court inquiry aud can show
hat there Is not the slightest ground for
removal on account Of that connection.
But amid the noise and dust of this
outrageous warfare On the Central, one
hing stands ont Prominently--ard that is,
The extraordinary success which has thus
Tar attended tho Central road. The lie al.
ousies or rival roads, and the ambitions Of
hostile parties cannot Blot out the splendid
results Of nearly twenty years devotion to
The interests Of the Central road on the
part OF its present management Gov.
smith had enough and skill enough TO take
up the Northern Pacific Road, when il
was absolutely lifeless, aud place it where
It's success was almost assured. And then,
when it fell into the hands of iebhers and
SPECTATORS, who were impatient to reap
the fruits ofhis sagacity, he had honesty
enough to refuse to make it tributary TO
private interests and wisdom enough to
retire from an enterprise whose high des-
tiuics he could not control. He took the
Central when it was dead and plucked up
by the roots and made it formidable
rival to the more Southern roads going
west. and dictator to the lower roads
running into Boston. lie embarked his
name and his fortunes in the enterprise,
and his only fault is that his sagacity is
few years ahead Of his times. But wis
dom is always justified of her children in
the end, And therefore, we cannot I'M
aylne that SO great misfortune is 10
comc upon the railroad interests Of Yer
mont as the removal of Gov. Smith.
We think the trustees win come out of
the tlial with honor perfectly bright, and