St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1877-12-07

pronounced the benediction and the
congregation dispersed to their homes,
thankful to God for the rich services of
the day and the blessings which it had
brought to them.
The Hearing between the Passumpsic
and Southeastern Railroads.
The hearing before Chancellor H. H.
Powers at the court house in this place
on Monday, relating to the appointment
of receiver for the Missisquoi and
Clyde River Railroad and the foreclos-
ure of mortgage, drew large atten-
dance of prominent railroad men /;
among others, Lucius Robinson, En-
mons Raymond, Asa B. Foster, James
E. Haloran, o. N. Elkins, w. G.. Elkins,
Chas. w. Foster, n. E. Folsom, S. S.
Thompson, John E. Lyon, Amos Barnes,
j. A. Dodge and D. R. Sawtell. The
proceedings grow out of the recent
troubles between the Southeastern and
Passumpsic roads. Both sides were
represented by able counsel, Messrs.
Royce, Wilson and Crane appearing fol-
the Missisquoi and Clyde River road,
and Edwards & Dickerman and Henry
c. Belden, for the Passumpsic. Mr..
Foster was DESTROYS of speedy settle
ment of the trouble, but the action of
some of the Southeastern Directors in
dicates different feeling on their part.
The petition took some seventy minutes
i'll reading, by j. E. Dickerman of New
port. The petition reviewed most fully
the history of the proceedings leading
to the lease, as well as to the special
stipulations in the indenture and mort
gage of the Missisquoi and Clyde Rivers
Railroad for $350,000. The prayer of
the petitioners set forth that $50, 940.3I
were due on the interest on the Missis-
quot loan of $35, 900, as well as large
amount for betterments made by the
Passumpsic road. The petition pointed
out in full the differences existing be-
tween the parties, and referring the
Court to the important stipulations in
the indenture, naming the same. Fol-
lowing the reading of the petition, He
man Royce, replying for the South
eastern, said that receiver would be
impracticable, as there would be COM
paratively no earnings, either from
passenger or freight traffic also that
the receiver named as desired by the
Passumpsic was adverse to the South
eastern. His argument was held some
thirty minutes. In closing he exhorted
the Court that if receiver must be ap-
pointed he should be careful who his
Honor should appoint. After recess
the case was resumed by Mr.. Royce for
the Southeastern road, who, after speak
ing for some twenty. five minutes, was
followed by John L. Edwards of
Newport for the Passumpsic. The gen.
tleman reviewed logically and critically
all the points endeavored to be estab-
lished by Attorney Royce relative to
the semi-annual payment of the Missis-
quot and Clyde River bonds interest,
showing conclusively the fallacious
ground taken by his opponent. Mr..
Edwards closing, Henry c. Belden of
st. Johnsbury addressed the court, con-
tinuing the argument for the Passump-
sic. Like his colleague Edwards, Mr..
Belden cogently replied to the South
eastern attorneys, exposing the fallacies
presented. Attorney Crane for the
Southeastern, in reply, affirmed that the
petition was unjust and uncalled for, as
no necessity for receiver had yet been
experienced by the claimants. Follow
ing Crane, Attorney Royce wished to
dismiss the bill for an injunction for
want of jurisdiction of the Court. De-
bate on this issue lasted some two hours.
Judge Powers took the papers, saying
he would give his decision in few
days; that in the meantime there would
be ample opportunity to amicably ar
range matters between the contesting
parties, which he earnestly recommend
ed might be done. The hearing then
adjourned.