, 1873-08-04

soorns to liavo doomod 1t Ills duty to rocoivo
everything and pay ovor nothing. As tho
Republican puts It. tho has r'1n Ills road
and mnao his million by e perpetual
lawsuit, OF which tho public have paid
tho costs, while Coy. Smith and hts friends took
tho spoils." Tho Vermont Central has boon In tho
hantls Of tho Bupromo Court for t'solvo years,
during which time tito Smith family tnvo run 1t
to suit themselves anl iuoroaaod thofr fortunes
according to tic rulo Of goomotrical progression.
Tho policy OF management under tho Smith
rogimo ID vol indicated In tho dlforonoo bctwoon
tho reuulta when ono road is run for stock
holders and anoihor for tho managers. The
Smiths lonsel tho Vermont Junction and Sullivan
Railroads for themHolvos as managorB OF tho
Vornont Central, and they havo always boon
profitable, having nostol thcm aa their aharo
100000 year since 1861. But thoy lave run tho
Vermont Central nominally for tho Stockholders
nnd It has a1wava boon unproatable-to tho
Stockholders.
Gov, Smith, having boom aomowhat in politics,
know tho ropss, and retained tho 1eading mom-
bors Of tho Vermont Legislature with diroct
focB in sono caaoH. FREQ passes In othors, and In
variety Of Ingenious ways. uo then formed d
| miniature Credit Mobi1ler in Vermont Central,
III which the Smith family mado ~ individuals
profits from contracts which wore provided by
tho Smith family as managers. They built cars
| and locomotives, and leased ihom to tho YER
| mont Contral Mt q large permanent rental which
had to bo paid whether tho cara and locomotives
wore In use or not. Tho natural result was that
tllo Vermont Central constantly lost money ard
| tho Smith family constantly mado money. Tho
| scandal grow to such proportions that tho Logis-
laturo was forced to appoint con1mlttee Of In
vcBtfgation. TliB Committee was organized to
whitewash. But tho EVIDENCE that camo before
thom was 80 damaging that thoy did not dare to
| do their work very thoroughly whom thoy know
| TINT tho ovidence would also have to DO publish
cd. 30 thoy compromised by withholding tho
evidence for while (an1 it has not yet boon
publicly printed. making no detailed roforonco to
it in their report, aud issuing vague and foob1o
rovicw Of tho situation, in which they held TINT
1t would, perhaps, havo boon bottor It certain
thinga had not been oxactly as they were. But
thoro WAS no co1ruption,-oh, moi The people
will hnvo to await the publication Of tho evil
denco In detail before thoy can know juBt how
bad tho case waB. Sufficient hus come out from
timo to timo to ahow TINT 1t Was bad enough.
| Gov. Smith lad clargo OF "8ecrot Service
Fund.-" the disposition Of which ho refused to
account for. Besides the diroct operations in
Vermont Central, tie Smith Credit Mobiler
formed aconatruction ring to build the rond from
swanton to st. John'a, In Canala, for which they
charged more than $4,000 milo, though it
ran through country whero It could not hayo
cost moro than from $4,000 to $4,000 a mile,
and then thoy falsinod tho mleage In their
favor. They leased tho road after it WAS COM
plotod. They also leascd tho Sullivan nailroad,
and tho two havo brought thom In 100000 d
yoar profit, whilo tho Vermont Central, Of which
thoHo loasod roads arc moro extensions, has boon
1osipg money Mt tho rate Of 81, 200, 900 year.
Tho boldoBt scheme conceived in the fertile
brains Of tho Vermont Smiths ia yot to bo
worloa out. charter WAS granted to tho Ring
| at tho last soasion Of tho Vermont Legislature
oRtonsinly for purpose Of efreotng consolida-
tion Of interests and removing tho bankruptroada
from tho Chaucory Court Which has enabled tho
Smiths to rim them for their own benefit. 1t
turns out, now, that thfB charter is soho1no for
q 81. 100000 subscription TINT shall take proco.
denoo OF all tho othor mortgage bonds, Of which
therc ara four or 1yo serias, and thus secure to
tho now clique the entiro property, which repro
sonta cost Of ton timoB tho amount Of money
which the Smith family, with Trevor ". Park
(of Hariposa Claim and Emma Mino notoriety>,
and aome Now York capitalists OF like ropute,
propose to pay for it. Tho roQuisito "a, o0o, ,00o
have boon subscribed ance May lust. and about
one-qnartor paid In. Tho scAomo, with I. pros
poet Of eucceBs warranted by tho euccoas Of
tho othor Smith schomca in tho past, Inns
alarmed the holders Of tho formcr socurit,oB,
COMO Of whom arc selling ont to the smitha for
what they can got. Tho Springfield Republican
advises thom to abandon this policy, hold on to
their bonds, and make light in tho courts.
It promises that public opinion will be strong
enough to force tho Supreme JudgoB who have
singularly favored tho Smiths in protracting the
lawsuit, to speedy settlement Of tho question
Oh mn equitable basis, It further Predicts That
IN ant-monopoly party will bo formed around
the nucleus Of the Oranges which will drive tic
Smith ring to tho wall at tho next State election.
THE FARMERS NOMINATIONS,
Tic farmers Of Mclean County, ILL.,, who
havo boon accustomed to give 1900 Republican
majority, have taken it into t1eir hoads to throw
party overheard, and nominate q ticket Of thoir