Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1875-05-28
Annual Meeting OF the Central Yer
mont Railroad.
A STORMY SESSION.
EX-Gov. PAGE LEADS A sUoCESsF vi oPPo-
sITIoN TO PRIEST SMITH.

STORMY SESSION.
Ex- GOV. PAGE LEADS A sUoCBSsP vi oPPo-
sITIoN TO PRIEST SMITH.
A NEW BOARD OF DIRECTORS CHOSEN.
The annual meeting Of the stockholders
OF the Central Vermont railroad was held
at st. Adams on the 18th inst, and was =
stormy affair. Afler the formal opening,
the President, Ex-Gov. Smith, announced
that the directors bad, in accordance with
the bylaws, appointed Messrs. ]. Q. Hoyt
of New York, ]. NJ. Rice OF Worcester and
J. II. Kiubal of Bath, Me-, all of them
directors, a committee TO inspect the votes
to be cast for directors. Ex-Gov. Page,
one of the directors, inquired when and
where these gentlemen were appointed.
Governor Smith replied that it was done at
a meeting of the directors held al White
River Junction on the 18th inst. Gov.
Page inquired if IL was called there, and
Gov. Smith replied that II WAS called al
Bellows Falls, but no quorum being present
there it was adjourned. Amer a discussion
as to what notice had been given the direc-
tors, it appeared that they had been noti-
fled 10y telegIap on Monday afternoon,
18th.
Mr.. Francis A. Brooks OF Boston asked
for the reading of the record of the direc-
tors meeting at Bellows Falls, adjourned
to the cars on the way from there to st. AL
bans. He said it was in fact attended by a
minority Of the directors, in the car, aud
that not only said inspectors, then and
there chosen, but other important business
was done such as to vote in relation to
holding the Vermont Valley road against
a demand for its surrender by a committee
of stockholders appointed in 1871, and also
to authorize a loan for the purpose Of meet
ing the first payment due the Vermont and
Canada June l. Under the contract recent
ly ratified Mr.. Brooks objected to the r-
regularity OF the proceedings, and we'd
that committee OF three stock holders, not
directors, be appointed in lieu of them.
Gen. ]. S. Whitney, in behalf Of Jacob
Edwards, Boston director, also objected.
The President ruled Mr.. Brooks's motion
out of order, because the committee had
been appointed according to the by FLAWS,
and he started TO vacate the chair to let the
vote proceed. Gov. Page arrested his move
ment aud read call issued some days
oihNty VI uhNtbis ulttNluk " Dt nelu at
st. Adams at IL A. NJ. 10th, aud inquired
If it was held. Gov. Smith answered that
no quorum was present. Gov. Page de-
MED this, and said quorum was present,
but no meeting was called to order by the
President. The inspectors took the chair
against several protests and the voting pro-
coeded.
Gov. Page then requested them to report
the vote tn the meeting and append list of
the votes taken, TO which they assented.
He then called for a reading of the list OF
stock holders, which was done, and il show
ed that there were 20, 600 shares outstand-
ing. Gov. Page said that up to five min
utes before the meeting was called to order
there were only II $50 shares, and that since
then 600 shares had been issued to Lans-
ing Mills aud 1850 TO James r. Langdon
for the sole purpose of controlling this
election, and nothing has been paid on said
stock. The President had issued il illegal
ly, basing his action on the vote Uf the di-
rectors taken on the cars. He protested
against counting the votes of those new
shares, and gave notice that he should con-
test the result if they were counted.
The inspectors retired, and amer some
time returned aud announced that the
whole number of votes was 49, and the
following were chosen directors: b. p.
Cheney, j. Edwards, NJ. Rice, J. @. Hoyt,
j. r. Langdon, J. II. Kimball, ]. b. Page,
j. q. S NTH, w. c. Smith, Joseph Clark
Francis Coke, Lawrence Barnes, Jacob Es-
tey. Governor Page received the highest
vote, being 1899. The others received TO-
| 749, and the opposition ticket which en-
braced portion OF the old board and Brad
ley Barlow and r. II. Hoyt Of st. Albans,
and +. A. Brooks, William Sohier, ]. S.
Whitney and Edward S. Mandell of Bos-
ton, and excluded the Smiths of ST. Adams,
received 5000 votes. This was a majority
before the new issue of stock, aud II is said
that they will claim to be elected and con-
test their rights in the courts. After the
vote was declared a wrangle arose on a mo-
ton to adjourn.
Gov. Page stated that the division which
had arisen and for which he would gladly
take the responsibility, was not on account
Of any personal reasons, but because be
and his adherents, between the interests Of
the Trust property, required a radical
change of management, which should cut
of all Improbable contracts and secure
an economical and honest management.
After this statement and a little more dis
putting as TO the alleged fraudulent issue OF
stock, the meeting adjourned.
1t may be proper to add that when the
books Of the company were first opened
stock to the amount of 20, 900 shares was
subscribed, but afterward only 1850 Of
them were taken. Only so per cent was
ever paid in. The charter authorizes the
directors to f. the amount of the capital.
1t never was fixed until the 25lh of last
February when the directors voted that it
should be 81 900, 900 or 10, 900 shares and that
certificates or fully paid stock should be is
sued in lieu of those outstanding. But
they have never been issued, and it is
claimed by the Page party that as a conse-
quence the stock not previously issued, II
it is stock at all, belongs to the company,
and the president had no right to issue 1t to
favorites for the purpose of controlling an
election, without giving all the stock hold
ers an equal chance to take it.
THE NEW HAMPSHIRE POLITICAL Row.
The Manchester, N. H., republicans ex-
pressed their indignation at the recent
aonntipr, ant Of Nat Had NO s1a1o aonoNo.