The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1873-11-18

which was read, and is as follows:
OFFICE OF VERMONT AND CANADA
RAILROAD COMPANY,
ST. ALBANs, VT, Oct. II, 1873.
Gentlemen At a meeting Of the Yer
mont and Canada Railroad Company,
held at White River junction, on the
10th inst, the following gentlemen were
elected directors, to wit : Bradley Barlow,
Francis A. Brooks, J. N. A. Griswold,
Romeo II. Ioyt, James II. Nichols Ed
ward A. Sowles, and Samuel Wells.
And at meeting of said directors
held on the same date the following reso.
luton was passed:
Resolved, That the clerk of this cor
poration be directed to inform the receiv.
ers and managers of the Vermont Central
and Vermont and Canada Railroads, or
the organization Of the new board of di.
rection and that said directors are ready
to receive any communication they see fit.
in regard to the relations of the Vermont
and Canada Railroad Company.
! am ,gentlemen, your obedient servant.
A. e, STAFFORD, Clerk.
To the receivers and managers of the
Vermont Central and Vermont and
Canada Railroads.
After full consideration, Mr., Will
lam Butler Duncan offered the following
resolutions, which we're read and unan.
imously adopted
RESOLVED That it is the desire and
intention of this Company as Receivers
and Managers Of the Vermont Central
and Vermont and Canada Railroads to
discharge its duties and obligations to all
parties in interest in said property. with
fdility and impartiaity, and to place said
property upon permanently healihful
and profitable basis. That to secure this
result aud to restore it at the earliest
moment possible, to a condition where all
its just Obligations to its security holders
may be fully discharged, in accordance
with their legal and proper priorities, it
is the wish and desire Of the Receivers
and Managers, that state of harmony
and concord should exist between them
and all parties in interest in said property
the Receivers and Managers believing
that by united counsels and the hearty
cooperation Of all the desired end and
object will soonest be attained.
RESOLVED, That this Company will be
happy to receive, and so far as practlca
bic, ADOPT any suggestions which may bc
made by the Vermont and Canada or by
she represen .atives Of any other class o
security holders, looking to the promotion
) and advancement of the highest interests
} Of the property itself, and will cheerfully
} cooperate in any plan which will bes
secure harmony Of interest and econon,
Of management.
RESOLVED. That this company entirel,
, rcpudiate the statements made by tn,
, President of the Vermont and Canad;
Company in his late report to his Stock
holders, regarding the character and OBJ
jcct and ultimate purposes Of the Contra
Vernon. Railroad Company. That il
no sense does it contemplate speculation
, nor has it corporation nor as far as i
, known have any of its members, in any
manner, attempted to depress any Of tn
securities of any Of the roads composin,
, the Vermont Central system; nor ha
, this corporation, nor so far as is know
any o! its members, directly or Indirect,
purchased or caused 20 be purchased any
of said securities. Nor does this Com
pany, either in It's capacity Of Receiver
, and Managers or in its corporate capacit.
seek or intend to make the system o
roads under its management, sectional o
local in its policies-no the contrary, i
is their avowed purpos to conduct it
affairs as to secure the highest beni6cia
reslts to all sections and localities intrest
, ed in or accommodated by the road
under its management, free from dis
elimination or undue preference to any
having in view the ultimate security o
the benifciaries of their trust.
! RESOLVED. That fully recognizing tn,
, doctrine. that the Relations between thu
, roads, as means Of transportation, ant
/ the community on its line, as the ACTIVE
agents for the supply Of its business, i
, one of mutual dependence, and that ii
proportion as a perfect community o
, interest exists between tho two the pros
perity of both is promoted; therefore
that it will be the aim and purpose o
this Company to encourage and promote
to the fullest extent, and to afford every
!, reasonable facility for their proper de
velopment.
! RESOLVED, That the Secretary be instruc
ted to communicate these resolutions t
t the President of the ermont and Canad;
) Company, and to signify to that Com
pany, the readiness Of this Company t.
confer with them on any subject of inter
est, tending to promote the avowed OBJ
3 ject of the foregoing resolutions and
, cordial and friendly relation with al
! parties interested.
| A true dopy of record.
GEORGE Nichols, Sec.