The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1874-05-20
BY TELEGRAPH.
Special TO THE GLOBE.
ANNUAL MEETING OF STOCKHOLD.
ERS or THE CENTRAL YER.
MONT RAILROAD.


81 ALBANs, May 10.
The annual meeting of the stockholders
Of the Central Vermont railroad took place
ut the presidents office in this village al
noon to-day. President J. Gregory Smith
presided and the following stockholders
were present, Wis Messrs W. G. Smith.
st. Albans: John Is. Page. Rutland; Otis
DrTy. Jacob Edwards. Boston; John Q.
lloyi. New York; Geo. NJ. Rice, Worccs.
Ter: Joseph CLARK. Milton; James II. Lang
don. Montpelier; John l.. Mason, Rich
mond, and Lansing Mills, Edward A.
Smith Geo. G. Hunt and Adds .. Brain
ard, st. Adams, together with the presi.
dent
After the reading Of the minutes of last
meeting and the warning for the present
meeting by Ion. George Nichols, clerk,
the president made statement of the con-
dition of the corporation for the SIX months
ending Dec. 81, 1873 as the Central Yer
mont railroad company took the manage
mcut of the road on July I. 1873. The
annual yearly statement will be made
July /, OF the present year. From the
statement made we give n brief abstract of
the following items: assets. ~ 1893. 975. 30 (;
investments, %74,04S.2 expenditures,
-, i3G 10; total @2,075, $50 20. Liabilities :.
capital stock, S2,000,0 900; notes payable,
1871, 5Il.G0 profit and loss account, S44,-
1880 total. 80 075, i6O.o0. The state
ment of earnings of the Trust property,
uudrr the Central Vermont railroad COM
pany as receivers and managers for the six
months. showed total of 81, AL .0o3 90 /;
operating expenses, S1,110,02S on leaving
the sum of S131, 965. 1S. which showed that
the expenses were 20 2-10O cts on the gross
receipts; extraordinary expenses, Sl6.-
COS 81; interest on floating debt, SS2 1914. OS;
all Of winch has been expended as follows :
rents, $3.50, G95.0O; interest on funded
debt. S193, 4l3.05. Net earnings, $685.
1926; leaving deficit, S2l ,G45. 10; add
estimated loss on business of Northern
Transportation company, S35, 341 81 less
loss chargeahlc as per contract, So, 6S1. 80 ;
total, SOS, G5i.1S; making a total deficit of
$50, 209.3,.
The total personal property passed over
to the Central Vermont wasS0, 054, 7jl 60;
belonging 10 leased lines &2,914, 065.01. A
statement was made as to the losses of the
road in the freight department consequent
upon The panic, showing a total of S2l5,
22S. TO- loss in comparison to months of
October. November and December Of year
before From January Is, 1874 to l'ebru-
AIRY |, was shown an increase of nearly
100000 in receipts The president re-
lerrcl to several important matters apper-
tanning to the welfare of the road. and
made some suggestions toward harmoni-
ling of all conflicting interests in the
company.
The inspectors of election. Messrs w
Smith, } q lIoyt, and ! b Page then as
sumed charge for the election Of board of
directors for the ensuing year.
ON motion of j Q lloyt the chairman OF
inspection committee. Hon W c Smith. ap.
pointed Il committee Of three 10 nominate 4
board as follows Hon. ] G Smith. Hon.
J Il Page and j q IIoyt.
The committee retired and after consul
taton presented the following named gen
tlemcn rs