Vermont farmer. [volume] (Newport, Orleans County, Vt.) 1870-1877, 1874-05-29
The Central Vermont.

The Central Vermont Railroad Company,
that controls large part Of the railroad and
transportation lines of this state, has just
been re.organized, and starts Npew period in
its existence under the most fattering aus.
pices. The new board Of directors combines
the best pra ctical skill in railroad manage.
ment, and the best business and financial OPP
orators to be found in New England, and ev-
erything seems to tend towards greater har-
mony and new prosperity.
The new organization seeuDto bring into
harmony and united action all the discordant
elements OF which the Central was composed,
except the interests Of the old Vermont and
Canada corporation. If we can judge from
certain growls we hear from the North there
are some parties who claim an interest in
that, who desire to rule or ruin the manage
ment Of all the roads. Prospects Of success
for anything controlled by the Smiths and
Gov. Page, gil them with dire apprehensions
in reference to their pet schemes. 1t will
be happy day for the managers Of the Gen.
trail when they get beyond the place where
these ambitious aud dissatisfied men will
seek to annoy them. 1t is the penalty they
must pay for their success, and while the
constant service of petitions in chancery aud
the lengthy sessions Of investigating commit
tees has cost them money, and doubtless ir-
ritated their feelings, the failing OF all
charges and perfect vindication Of results, is
something of compensation for the cost,
annoyance and trouble.
The New London meeting of Friday night
adopted new code Of bylaws, which will
greatly facilitate the management of the
roads and tho complex system of doing bust
ness rendered necessary by the receivorship
and character Of the contracts under which
the several lines are managed. The super
yisory committees Of the financial and treas
ury departments consist Of competent and
honest men, wose appointment gives conf
dence in the success Of that important part
Of the management. We, however, look for
the best results from the labors Of the CON-
mittee appointed to consider and report q
plan of action that will relieve the property
of its present trust management under the
Court Of Chancery, and restore the full con-
troll 10 the security holders. Any person
who has had anything to do with tho Court
Of Chancery, and has seen the technical and
roundabout way Of doing business, must
wonder how any set Of men have run rail-
road for years under the superintendent Of
that cumbersome machinery. Everybody,
except those who make money at the expense
Of the state and her people, feels that the
court ought to be abolished, and its powers
exercised by tribunals that can act promptly
with only the intent Of doing justice. The
machinery Of the court is great hindrancC
to usefulness of the Central Vermont rail
road, and a source of much loss to its credi-
tors, and if it can be relieved of the judicial
load that saps away its vitality, it will be q
happy event for all concerned The interests
OF this corporation, aud the interests of the
people OF Vermont, arc identical, and it
should be the effort Of all citizens to favor
and assist these managers in carrying out
their laudable desires to make the roads sue
cessiul financially, and useful to every indus
try Of the state and nation.- Rutland Her
ald