The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1873-10-09
Vermont and Canada Railroad.
INFORMAL MEETING OF srocKHoLDER,
A. S. HAYWARD,
Berwick Hotel.

On Tuesday last an informal meeting of
stockholders of the Vermont and Canada
Railroad was held in Boston to accommo-
date those who cannot attend the annual
meeting at White River Junction on the
10th inst. About seventy-fve were pres
emit Hon. L. Saltonstall of Newton,
Mass, presided. and Mr. c. II. Fske, of
Weston, was secretary. Hon. VIM. Mix
ter, of Hardwick, stated the object of the
meeting to be to awaken an interest in the
meeting on the 10Th inst.
On motion, reporters were excluded, and
after the space of few minutes were invi-
ted to return
Mr.. Ellis considered there was a suspi-
cious look about the affairs of the com
pany, as appeared by the statement of the
directors, which he discussed at length, re-
fleeing severely upon the management.
By request, Mr.. MiXter, one of the di-
rectors, made a statement of what they had
done-saying in substance that in their in
tercourse with the trustees, the latter had
made no propositions to them, and the only
communication received from them was
that they could not pay any more rent.
The directors had been unable to get any
thing definite from them. He stated that
the directors had found that since the meet
ing in Horticultural Hall money enough
had been earned by the Vermont Central
and Vermont and Canada Railroads to pay
the rent of the latter, and that the applica-
ton made to the courts to compel the pay
ment had been refused; the directors had
done all they could they had done nothing
which imperiled the right of stockholders,
and if they had gained nothing it was not
their fault.
Mr.. Griswold then detailed meeting,
which he and Mr.. Saltonstall had with
Gov. Smith, at the Revere House, when
Gov Smith seemed to haye no proposition
to make, but it was evident to Mr.. Girls
void that he was DESTROYS to get some ac-
ton taken which should depreciatc the
Vermont and Canada property, and further,
that it was his plan to make it part of the
consolidated line of the Central Vermont.
Hon. +. A. Brooks, President of the
Vermont and Canada, detailed the position
of the present Board Of Directors, saying
that it had been during the year a house
divided against itself, and that in part ac-
counted for the little that had been done.
Mr. Durant said if he was not misin-
nd I
ton of the books, especially as to any debt
owed by the Vermont and Canada road to
the trust They had devoted their time to
an expensive law suit the President of
the road at the last meeting owned 200
shares and now owned 500; they sold then
for $75, and now for about $50. Mr..
Durant confined his remarks at considerable
length, during which he said that about two
weeks before the credit Of the road was
made by newspaper in this city promi-
nent gentleman connected with the BOs-
ton, Hartford and Erie railroad told a
friend of his to get rid of his Vermont Cen
trail stock if he had any, as there would be
something come out soon which would
make crash. He said that one of their
present Board of Directors was director
in the Hartford and Erie road, which he
thought ought not to be
Remarks were made by Mr.. Nichols,
oriticisng the course of action adopted by
Gov. Smith, and saying sit is undoubtedly
impossible to obtain anything like justice
from the Vermont courts He was in
and asserting their rights.
On motion committee was appointed to
nominate list of directors to be reported
to the annual meeting and to solicit proxies
to be used at the annual meeting. The
committee are as follows Messrs. Charles
N, Ellis, Samuel Wells, Alfred G. Stafford,