The Rutland weekly globe. [volume] (Rutland, Vt.) 1873-1877, 1873-08-15
VERMONT COURTS AND VERMONT
RAILWAYS

We publish, herewith, without comment,
an article in reference to the Central Yer
mont railroad-or, perhaps, more proba-
bly, its predecessors-and the connection of
our judiciary Herewith. The source from
which it came entities it to careful peru
sal and attentive consideration, even from
those whose views may not coincide there
with. We present it at once, and to the
exclusion of other matter, on account of
the commanding interest of the subject
matter, reserving our own comments there
on until another day. We can but COM
mend its consideration to our readers, as
we are all, more or less, interested in the
matters it discusses, and it is only through
discussion-hearing both sides--that we
can arrive at the truth.
RUTLAND, August 8, 1873.
Editor Rutland GlO5e In connection
with the recent embarrassments, troubles
and litigations of the Vermont Central and
Vermont and Canada railroads and their
managers, there has, of course, been a vast
deal of editorial comment, and both news
paper wisdom and newspaper bombast have
been brought to bear upon the important
subject. The property involved is of vast
np1 tIn int
with are of great Importance, both in a
general, public and financial sense, and
since the day the paper Of the trustees and
managers went to protest, there has scarce
~ passed week which did not develop
some new feature in the warfare against
their credit and reputation or reveal
some new fertilization erected by the de-
tense. The Boston TruceAel mounted Il
mortar for that express purpose, and
hurled shells, which exploded in the stock
markets, and damaged ''the two million
and half loan beyond hope of repair,
and many other papers, both in and out of
this state, scented the battle and trained
their guns in the same direction. Then, of
course, defenders sprang up and the war
grew spirited, unrelenting and bitter, and
opponents were careless of the weapons
they used, so wounds could be inflicted.
On the 9th of December, 1872, the Yer
mont and Canada railroad filed its petition
for summary order on the managers for
the payment of their rent due six days be-
fore, amounting to $4,000, and the eyes
of all parties interested were at once turned
to the Court of Chancery for Franklin
county in anxious expectancy. OF the pen
dency and disposal of that petition | shall
speak shortly 1t was followed in rapid
succession by others from the Vermont
and Canada, the mortgage bondholdcrs
and various parties in interest, which have
kept the court harrassed and busy even up
to the present time. The decisions rendered
upon these petitions have been in the az
gregate favorable to the managers, or, as
some prefer to say, the monopoly" and
the last of these, given ON the 21st of JUNE
last, removed the trustees and managers
from their position as such, by their re
quest and appointed the Central Vermont
railroad company corporation, receiver
and manager of tho vast and important
trust property of the security holders o.
the Vermont Central and Vermont ant
Canada railroads under bonds in the sun
of one million dollars for the faithful dis
, charge of its duty, under the orders of th,
court. Almost Immediately upon the rem
dering of this decision came lull in tn
wordy storm which had been beating roun'
the outgoing officials and the dogs of wa
, were Embossed upon the judiciary of thi
/ state. A correspondent of the Springfield