The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1875-11-06

new corporation the corporation was
made receiver of the trust property, until
such time as the securities should be con-
soldated, and the old receivers were order
ed TO account before special masters, for
the property committed TO them.
This accounting has Just been completed
and the public now awaits the report of the
masters. What that report will be can be
very safely coDjectured from the testimony
that has been given and the arguments that
have been made. 1t is quite obvious that
the enemies of the trustees have failed to
subgtantiate any charge OF fraud or corrup-
ton against the old managers. They have
appeared before the masters with able coun-
sci, and had free and full use of the books
of the trust, and nothing has been developed
duplicating at all the integrity and honor
of the trustees. On the other hand the re-
ports of the case show that the trustees
have acted with prudence and sagacity ;
that they have largely increased the prop
erty and business of the trust that 1t Is in
far better condition. in every respect,
than when they undertook it, and that they
have never entered upon any extension or
leases of other roads except by and with
the consent of all the parties interested in
the trust fund. I.. .
the course of this accounting and the liti-
CATION attending it. 1t has been earnestly
charged against the trustees, almost as a
criminal breach of trust, that they should
have leased the Rutland railroad under a
false Impression of It's earnings and ex-
penses, and have thus involved the trust in
heavy annual deficiency in order to meet
the rent. But we have before us the affi-
davit of the president of the Rutland road
showing that the lease was not made under
any false impression of its value to the
trust, and also showing that the lease must
have been source of very great financial
benefit to it. Thus the statements of one
party hostile to the trust disprove the state
ments of another party which is hostile to
il. Governor Smith must be gratified to
have the indirect testimony of Governor
Page to the wisdom of his action In the
matter of the lease of the Rutland road.
We trust that the litigation in these rail.
road matters is nearly at an end. 1t is time
it was ended We do not see how there
can be any renewal of these old battles in
which the same ground ia gone over and
over again, the same charges of fraud are
made and refuted, and the same manage.
ment repeats continually its conclusive win.
dication. 1t is time that the trustees, the
chancellors, the judges and courts Of the
| state, should no longer be subject TO the
old calumnies which have been recklcssly
| hurled at them. We can conceive of III
interest to be subserved by repetition OF
| the charges which have been so many times
disproved. The Vermont and Canada d
rectors were elected at the late annua
meeting in the interest of the proposed
consolidation with the Central Vermont
MIR. Brooks who has stirred up so much
strife and litigation, was left out, and will
be unable to carry on his guerilla warfare
any longer. There is no reason why the
| proposed union should not be effected now
1t is most ardently to be desired, also, tina
the Rutland and Central interests should
be separated, for the sake of the mutua
| advantages that must result. The Contra
is now doing a fair business, and its annua
financial statements show that the receipts
! of the road exceed its expenses for thu
year. 1t will be great blessing to thu
state TO have the railroad war ended for
ever before the close of the year.