Spirit of the age. [volume] (Woodstock, Vt.) 1845-1913, 1873-04-03
The Woodstock Railroad.
WooDsToCK, April |, 1878.


in arms against guaranteeing the an
terest on the amount necessary to COM
plete the w. r. r. One of them
"biled over last week, asked us a few
questions, and wound with "stop my
paper" To the question :" is the
Age in favor of bonding the town 2
we answer no. But we are in favor
of having the town guarantee the IN
tereSt on the sum named to complete
the road. The opposition will please
note that there is wide difference
beteen a guarantee and bond. The
earnings Of the road, after paying run
ming expenses, are to be applied on
the GUARANTEE.
We have $275,OOO sunk in this
cline of dirt"-the town 100000, in
dividuals $4,000. The question
now is, shall we fold our hands, and
let this wash down the Quechee river,
or shall we guarantee for few years,
and secure the whole. Tomorrow
will bring a solution to this question.
We have $1,000 interest per year to
pav on this dead horse. And, if we
resurrect him, as shown at the in
formal meeting the other day, we
shall have only $4,000 to pay annually
thereby saving $4,000 and the horse.
This looks like economy to us. How
doses it appear to "thee, friend ?"
1t Always grieves us to part with a
friend who has stood by us for
many years, but when the interests Of
the community are at stake, and he
takes this course to frighten us from
our duty, he ceases to be q friend
As TO our Democracy, through all the
changes and chances of party, we
think we have been consistent, and
will not yield the palm to him, or any
other man, in this respect.
April 2, evening.
The battle is over The town has
voted the GUARANTEE by a large ma
jofity. 1t was the largest, most OK
citing and important Town Meeting
held here within our memory. DR..
Thomas f. Powers was the leader Of
opposition, but little could he GAGE his
cause shakespeare by such pettifog-
ging on the Act Of the Legislature,
while majority of the people knew
I, his real interest in the matter lie
saw that the resolution introduced by
G. p. Marsh, Esq, which we print be-
low, was likely to prevail, so he under
took to kill it by an amendment, upon
which vote was taken by ballot as
follows: l40 for, 229 against. He
introduced other amendments with
similar results-any Of which would,
if voted, block the wheels of the
road as etectually as if Mr.. Marsh's
resolution had been voted down.
Then came the main question, the
passage of Mr.. Marsh's resolution,
by ballot, with the following result -
Whole number Of votes 402, for the
Resolution 295, against 107. This
was the send of the worsted" on the
part Of the opposition to the road, and
DR.. Powers left the Hall. Our SO.
Woodstock friends made q good fight,
but they were handsomely beaten.
RESOLVED, That with the sole views of aid
ing in the settlement and completion of the
Woodstock Railroad, in which the town of
Woodstock is leagaly interested as a Stockholm
er, and otherwise, the said town, in pursuance
of an Act, to authorize the town of Woodstock
to guarantee the interest on the Bonds OF the
Woodstock Railroad Company approved, Oct.
25th 1872 will guarntee the payment of the
interest, and the interest only, on the Bonds of
the Woodstock Railroad Company which have
heretofore been authorized and voted by said
Woodstock Railroad Company to the amount
only of t,oo hundred and fifty thousand dollars
of said Bonds, and no more said guarantee to
extend to and be applied for the payment of
the interest only, which may thereafter be-
come due, and payable on said Bonds to the
18th day of April, 1890, and no longer. as they
shall be issued from time to time, by vote Of
the Directors of said Railroad Company.
Provided, however, that no guarantee shall
be endorsed upon said Bonds by the Agent
appointed for that purpose by the Town until
it shall appear that such contracts and agree
ments can be made for the completion of said
Road, as shall be satisfactory to the Directors
of the said Railroad Company, the Agent of
said Town. provided for in said Act, and Phlo
Hatch, and approved by the Stockholders of
said Company, at meeting to be held at such
time as the said Directors may call the same.
And, prOUided, further that the proceeds
from the earnings of said Railroad, when COM
pleted, after paying the running expenses.
shall be applied to the payment of the interest
on said Bonds of said Company, on which the
guarantee of the Town shall have been ell
dorsed, as herein provided
The guarantee affixed by said Agent on said
Bonds to be in the form following, tO-,CH:
BY the authority of the Generally Assembly
of the State of Vermont, the Town of Wood
stock through its authorized Agent, hereby
guarantees the payment, when due, of the
interest only, which shall have accrued upon
this Bond, from the date of tho signature of
said Agent, to the 18th day of April, 1890
and no longer.
L. o. Greene, Moderator, J. S. Eaton,
Clerk. Committee appointed to take
the Grand List NJ. c. Fairbanks,
John S. Eaton, H. f. Dunham.-
Persons should call at once on any
member of this committee and give
their list. DIR. Henry Boynton was
elected Town Agent. 1t was nearly
8 o'clock when the meeting adjourned.
AT the opening of the term of
| oo,,,4 OF CniIlhnll a four 1nun nrro tho