Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1873-11-07
The Central Vermont Railroad and the Yer
mont and Canada Railroad.

RESOLUTIONS or THE DIRECTORS OF He CEN
TRIAL VERMONT RAILROAD.
At a meeting Of the Directors of the Cen
trail Vermont Railroad Company, held at
the Office Of ). L. NJ Barlow, Esq, New
York city, on Tuesday, the 28ih day Of 0c
tooer, A D. 1873. at O'Clock p. m, the
President submitted an official communion
ton from the Clerk Of the Vermont and
Canada Railroad Company which was read,
and Is As follows:
OFFICE OF VERMONT AND CANADA
RAILROAD COMPANY.
ST. ALBANs. Vt, October l7th, 1873.
GENTLEMEN At a meeting Of the Vermont and
Canada R4ilrrad Conpany. held at White River
Junction, on the 10th inst the following gentlemen
were elected directors 10 wit; Bradley Barlow
Francis \. Brooks, J. y. a. Griswcld, Romeo II.
Hoyt James r. Nichols, Edward A. Sowles, and
Samuel Wells.
And at a meeting Of said directors held on the
same date, the following resolution was passed
ReS0irsd. That the clerk OF this corporation be d.
rected to inform the receivers and mana gers OF the
Vermont Central and the Vermont and Canada
Railroads, OF tho organization Of the new board Of
direction, and that said directors arc ready to
celve anN communication they see fit, in regard to
the relations Of the Vermont and Canada Railroad
Company.
! am, gentlemen, your obedient servant,
A. q. SAFFoRD Clerk.
To the receivers and managers Of the Vermont Cen
trial and Vermont and Canada Railroads.
After a fall consideration of the forego-
ing communication, Mr.. William Butler
Duncan offered the following resolutions,
which were read and unanimously adopted
Rss1i,sd, That il is the desire and intention Of
tins Company as Receivers and Managers Of the
Vermont Central and the Vermont and Canada
Railroads, TO discharge its duties and obligations
Ia "a O. HwFa aVna r
ity and impartiality, and place said property
upon permanently healthful and profitable basis
That 10 secure this result and to restore it at the
earliest moment possible, 10 condl ton where all
It's Just obligations to its security holders may
fully discharged, in accordance with their legal
and proper priOrites, il IS the wish aud desire OF
the Receivers and Managers that a state Of har-
mony and concord should exist between them and
al parties in interest in said propert, the Re-
ceiyers and Managers believing. that by united
eounse!s and the hearty cooperation Of ALL the de-
sired end and object will soonest be attained
Resofued, That this Company will be happy to
receive, and 50 far may be practicable, adopt any
suggestions which may he made by the Vermont
and Canada, by the representatives Of any other
class Of security holders looking 10 the promotion
and advancement OF the highest interests OF the
property itself, and VIII eheeruly cooperate in
any plan which Will best secure harmony Of inter-
est and economy % mana cement.
Resoired, That this Company entirely repudiato
the statements made by the President of the Yer
mont and Canada Company in his late report TO his
stockholders. regarding the character and objects
road Company. That in no sense does il contem-
plate speculation, nor has 1t n corporation, nor
20 lar as is known have any Of its members in any
manner, attempted 10 depress any Of the securities
oi any of the roads composing the Vermont Central
sy stem; nor has this corporation, nor, TAR as is
known, any of its members, directly or indirectly
purchased or caused TO he purchased any Of said
securities. Nor does this Company. either in its
capacity Of Receivers anu Managers, or in its cor
porate capacity seek or intend to make the system
81 roads under its manaS cement, sectional local
IN its polcies-on the contrary. il is their avowed
purpose 70 conduct its affairs to secure the
highest beEeheial results TO all sections and locali-
ties interested in. or accommodated by the roads
unsiue preference any, having in view the ulti-
mate security OF the benetciaries Of their tIust.
Besotued, That fully recognizing the doctrine, I
That the relation between the road, means 81
trans portation and the community on its line, as
the active ageuts for the supply OF its business is
one OF mutual dependence and that in proportion
as perfect community Of interest exists between
the two the prosperity Of both is promoted; there
ore, that u VIII be the aim and PURPOSE of this
Company 10 encourage and promote 70 the fullest
extent every Industrial enterprise the line Of
s road, anu 10 afford every reasonable facility for
taeir proper development.
Res0iued. That the Secretary be instructed 10
communicate these resolutions 10 the President or
lhe ermont and Canada Company. and to signify |
70 that Company, the readiness Of this Company 10
confer with them o. any subject ofinterest tending
10 promote the avOwed objects Of the foregoing /
resolutions and cordial and friendly relation |
with all parties Interested
A true copy OF record.
GEORGE NICHOLS,
Secretary Cenarzl Vermont Raj iroad Com many