The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1877-07-27
ANNUAL RRPoRT-1S77
SO,65O,646 "a

Keal estate .............. ..... l5,025 81 |
Addison railroad stock...... 2l9, 100 90 |
Mortgage bonds on hand. 232 900 co |
Rent due and unpaid. .-.-. 1900 90 |
$9,G5O, GAG "a
The rent for the Rutland and leased
roads for the year has been paid, except
the rent of the Vermont Valley road, which
rent was paid up to October, 1876, when
by the decree of the United States court
we were no longer entitled to receive the
same.
The receipts for the year ending July l,
1877, we're:
For rents of road .............. $3.50 900 OC
For rents of real estate..... 1894 90
For interest on receivables 1856 rs
1914, 4S0 rs
The disbursements were:
For coupons paid on equip
ment bOnds................... $4,000 90
For coupons paid on mort
gage bonds .................. 1O1, $40 90
For interest account. .......... 25, 1886 81
For bonds paid OR &B first
mortgage) .................. 3,1OO 90
For rents paid on leased
roads. ACKNOWLEDGEMENTS. " 5OO w
For legal services paid dur
ing year....................... 3,4s9 81
For salaries, president, trea-
surer and clerks. $500 90
For advertising, postage,
stationery, telegraphing
and official expenses. 1888 SO
| For floating debt paid..."... $4,000 90
| Balance cash on hand....... 1876 80
$344, 4S0 rs
The auditing committee appointed for
that purpose have examined the treasurer's
books and vouchers, and their certificate is
appended.
Respectfully submitted by order of the
directors. J. B. PAGE,
| President.
| Rutland, VT, July 26, 1877.
We, the undersigned auditors have ex-
amined the books and accounts kept by the
treasurer of the Rutland railroad company
from July /, 1876 to June 80, 1877, and
the foregoing trial balance and statement
of receipts and disbursements as showing
the condition of the corporation June 30,
1877, have been verified by US and found
correct, and have also examined and con-
suited the vouchers in the hands of the
treasurer.
j. II. WILLIAMS,
| n. KELLOGG,
Auditors.
Rutland, VT, July 20, 1877.
On motion of George W. Gill, of Wor
cester, Mass, the report of the president
was accepted and adopted.
The meeting then proceeded to the cleo
ton OF board of directors.
The president appointed ]. Mason Ever
EFT of Boston, j. NJ Haven of Rutland anC
John A. Goodwin of Lowell to collect anC
count the votes.
Pending the election, a stock holder in
quired the number of shares OF stock hel,
by the gentlemen named on printed ballo
for election as directors. The gentleman
did not give his lame, but said he held To-
shares of the preferred stock. The presi
dent said the stock held by the director
aggregated l7,048 shares. The gentleman
said he had been informed that several o
the gentlemen held only small number o
shares. The president replied that all, ex
cept Judge Prout, the counsel of the col
poratiol, held not less than $500 shares.
During the absence of the tellers, Pres
dent Page submitted for ratification mod
iflcation of the lease of the Addison rail
road. The original lease stipulated tn
annual rental of that road should be seve
per cent. The modification provided tina
, the annual rental be three per cent. af,e
October 1876. This lease has been mad
by Frederick Chaffee as agent of the Add
son company, and j. d. Page and j. W
Hickok on the part of the Rutland CON
pany.
Gen. James s. Whitney of Boston, sal
T. we are indebted to the president and Jane
W. Hickok of the board of directors for III
negotiation of this new lease, and though
under the circumstances II was a good on
and should be ratified by the Rutland CON
pany, inasmuch as the conditions of Il
/ former lease to the Central Vermont WI
likely to become matter of litigation, {
a claim had been presented by that con
> pany for repairs. He had much rather d
!, this than appeal TO Vermont courts, col
trolled as they were by certain influence
o and he feared no release or relief could
= procured in Vermont court. They w0ul