The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1875-05-26
COMMENTS OF THE PRESS,
The Central Vermont.

u'This company was chartte for the purpose
OF purchasing the Vermont Central and Ver-
mont and Canada railroads In order to bring
them under the management OF one corpora
ton. 10 carrying out this this purpose the d.
rcctors OF the company have not been agreed,
and Gov. Page ON the one hand, and Gov. Smith
on the other, represent the opposing policies"
--Rutiand Herald.
The best answer to the above is to con-
slider what has the Central Vermont done
toward concentrating this conceded pur-
pose for which that corporation was crea-
ted =? After a protracted Investigation in
which the Vermont and Canada met the
unrelenting, INSCRIPTIONS filibustering OPP
position of four of its directors, Hoyt, Bar
low, Sowles and Francis A. Brooks, the
stockholders of that road at meeting
called for that purpose, the last part of
April, voted in spite of that opposition to
sell their road to the Central Vermont up
on certain agreed basis, which provided,
among other things, that about $3.50, 900
should be paid to the Vermont & Canada
for back rent and incidental expenses, etc +,
when the papers should be passed over
Immediately after this meeting petition
was brought before Judge Barrett for an
injunction to prevent the consummation
of this agreement on the part of the YER
mont & Canada. A hearing was had, and
the Injunction denied, in most mastery
opinion. The hearing was had on the 18th
of May. A few days after this opinion
was rendered thereupon the president of
the Vermont and Canada notified the Gen.
trail Vermont he was prepared to pass pa
pers on the payment or deposit of the $780,
900 which was to be done before the first
day of June next A meeting of the d.
rectors of the Central Vermont was duly
| called at Bellows Falls on the 18th to con-
slider that question and other questions,
among them being notice in reference to
| the surrender of the Valley road upon the
| demand of the Valley company, which had
| Just been received. At the meeting, held
under this call, it was voted that the
president of the Central Vermont,
| with the concurrence of two of the
finance committee, be directed to dispose
of any of the assets of the company, in.
GLIDING stocks or personal property, for the
purpose of raising the money to satisfy
this $4,000 falling due June 1st On
that day 1890 shares, which the company
had bought in and held, was disposed of
for a valid consideration in money, which
is being held by its financial agents for the
purpose above named. This stock is so
called spurious or "Jim Fisk" stock of
the Messenger; it was base metal to the
Messenger, to Page Co., simply because
they didn't get chance to vote on it for
the simple reason that they unfortunately
didn't own il. Now the Herald will see
that it was in error; the Central Vermont
have bought the Vermont & Canada, and
thus executed at least one very important
step toward accomplishing that very pur
pose. formally impesched for the first time
by Gov. Page in his manuscript speech
which having been written in the hour o.
projected victory, sounded rather badly il
the hour of subsequent defeat-St. Allan!
Advertiser.
The Advertiser adds that Governor Page
with all the rest joined with apparent har'
moDy in executing q memorandum o.
agreement which was to be the basis OF
consolidation of the securities of the Yer
mont Central, Vermont & Canada and the
Rutland Railroad; that the first intimatior
of trouble was the appearance of Barlow
Brooks and Hoyt with their transfer O.
stocks at the Treasury office, May 18th
the day of election, and that the move
ment was an attempt to make coalition
with the "Delaware and Hudson. bur
hngton Free Press.