Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1873-09-26
associates offered to transfer them into the

associates offered to transfer them into the
receivership. the Vermont and Canada
Railroad Company, and certain of the
bondholders aforesaid, gave notice that they
should most decidedly oppose such proceed
ing. Consistency is jewel
This receivership concede to be an evil,
but at the same time fail to see any present
way of escape from it as a necessary evil, or
any other course which could properly have
been taken by the court.
Your correspondent further says that
corporation ought not to be receiver. 1t
is little singular that no one thought Of
that in 1856, when the Vermont Il Can
ada Railroad Company was acting as re-
ceiver of this very property, and that too,
sorely against the wishes of a majority of
the partiesi interested in it. Do you deny
that the Vermont Il Canada Company acted
in that capacity? Now we assert that the
property as it was situated then and as it Is
situated now, could not be held and man
aged in equity except by a receiver, and
that the Vermont K Canada sustained such
relation, was recognized by Judge Poland
in an order dated December 5, 1856, wherein
it was ordered on motion of Mr.. Woodbury.
of counsel for the opposition, that John
Smith, John S. Eldridge and Lawrence
Brainerd, Receivers and Managers of the
Vermont Central and Vermont & Canada
Railroads and property under an order OF
court made on the 9th of the previous May :,
file with the clerk of this court just and
true inventory of all the property and Ell
fects received by them from the Vermont Il
Canada Railroad Company The former Re
ceirerS and Managers"
A corporation ought not to be receiver,
because its directors are liable at any time
l. - ,,,1 - Cd rlV
place to sharpers and thieves. Then GER
| tainly man ought not to be receiver,
because he is liable to yield to temptation
and steal all the property. Why, my dear
friend, all the fun Of having receiver Is
that YOU can turn him out if he becomes
wicked. All things human are more OF
less uncertain, and perhaps this company
NAV at some time become corrupt, but IN
such event is il not Just as easy TO get a
corporation turned out of the recelyershlp
as to expel a man or a number OF mem 81
it would appear to the writer, and unless
the Central Vermont can steal more than a
million of money before you discover the
loss. their bond will make you whole.
Ii has not been the intention Of the writer
to attempt defence or yindication of any Of
the parties or interests connected with thl'
railroad controversy, but simply to speak q
word, not only Tor the purity, but Tor the
ability and justice of the courts of Vermont
50 much and 50 unjustly abused and ira
duced of late by certain of the newspaper
of this country. If he has drawn in othel
men and matters it has been solely because
of their inseparable connection with tina
subject And now, begging your pardon
for such an intrusive monopoly Of you
space. the writer once again trusts that eact
candid reader. with love and respect io
old Vermont in his heart, will JOIN him II
the hope for a speedy and just settlement o
all the yexed questions in this controyers,
in such way as to remove from our iudieiar,
the onerous burden it has 50 long been force,
10 carry, but under which, as We grateful,
believe, it has not in any sense been bowe'
down. VERMONT.