The Lamoille news. (Hyde Park, Vt.) 1877-1881, 1877-08-15
srooKHolpER,s MEETING.


calling the meeting to order, and read |
ing the notice, the President made
statement of the work, etc. lie said,
"After years of struggle theroad Is
completed, with the exception of few
miles of ballasting,) from Lunenburgh
To Syanton, a distance of l20 miles,
and two construction trains are at
work on the ballast. Many think
only of the great burden they have to
bear because Of the road, butt can
take any man to any Of our depots
and show him that the savings on
freight alone are enough in ten years
to pay the bonded debt and interest.
we have met with much opposition.
Rival roads have opposed. They
have held their rates up, and now,
when we begin TO reduce below 40 cts.
per cwt., they howl, and say they'll
make it hot by reducing rates, tell
them that's just what we want. "a
voice-'sThats so.) Since the COM
pletion of the road the receipts at this
station are treble what they were be-
fore. and would not hesitate to say
that they soon will be five times what
they were. The road was bonded for
100000, but we were unable to
complete the road, and had to ask the
stockholders to consent to preference
bonds to the amount of 100000 We
are erecting temporary depots in
Franklin county, because Of our iinan-
cial embarrassment, but think the
people are satisfied that in so doing
we are doing the best we can. Some
land damages are still unpaid. The
interest due from the company on the
town bonds in Franklin county, which
has accrued since last September, has
not been paid. We have much rea-
son to congratulate ourselves upon
our connections, which now renders
our line one Of the principu! trunk
lines of New England.
The president was followed by a
gentleman from Walden, who, in a
conned speech developed little pig
medicines in the line Of opposition
to the board Of directors. lie was not,
at all supported, however, since the
stock holders after a few rousing words
from Col. Sawyer and Mr.. Coggeshall
of Rhode Island, who represents more
of the stock than any other single In
dividual, reelected the old board
throughout by unanimous vote. This
is q fine compliment to the men, who,
amidst such discouraging circumstances,
have fought their way through to a
successful completion Of the enterprise.
Mr.. Coggeshall in his remarks said,
that it was the character of the men
who had the enterprise in hand which
had led himself and others to invest in
the stock, for in the men they saw ulti-
mate success. Dea. Camp Of Elmore,
said he was satisfied with his invest
ment and if it did him little good, he
was sure it would help others, and he
propounded the question ''What is the
use Of living if we make the world nc
better thereby%
After the election of the directors
Gov. Hendee was called upon for 6
speech and replied somewhat as fol
lows. Paying Dea. Camp a compli
ment he said: "The directors have
done we'll but success has been wor
not by them, but by the hearty sup
port Of the people of this valley. Fol
instance, Wolcott bonded itself for Is
thousand dollars and when that wa.
gone and the directors asked for more
they came forward with subscription
of Is thousand which considering tn,
financial ability Of the town was re
markable. A little i'll feeling has crop
ped out now and then, for which an
sorry, since it has added to che anxiet
and care of these men, who, notwith
I standing the opposition on the north
the east and the west, which meant de
struction, have carried the enterpris
to completion. The directors hay
= worked hard since 81, unpaid and hav
borne their own expenses, since at tina
time they promised that they woul
. ask no pay until the cars ran from tn
IS Connecticut River to Lake Champlai
. g and they have kept their promise.
l. Already, he said he saw new life
Lamoille Valley and felt absolutel
proud of it in the completion of tn
e enterprise. 81 do not desire to Ii,
G in any other valley, while I live, tbs
the valley Of the Lamoille." He b
IA lieved that, Notwithstanding any lit
t, difficulties Of the past, the people
D the valley would give the road the