New-York tribune., 1882-03-03
RAILWAY INTELLIGENCE.
PROCEEDINGS TO ANNUL A CHARTER.

M
Albany. March 2.-Attoncy- General Rus
cell to-day states that notwithstanding reports TO the
contrary be has begun proceedings to annu The coro'
rate existence OF the Boston, Iioo-ac Tunnel ana
Railroad Company. The AtloIHey t iS :, y
corporation are well founded
SARATOGA March 2-Gencral W. L. Burt. president OF
the Boston, Hoosac Tunnel and Western Railway makes
statement in The SIrGtogia to-day regarding the Ie-
ports Of suits by the Attorney % aunu the char
ter Of his roads in this state. He says cN-Iudgc Com
stock OF Syracuse Is employed by the West Shore
road and that tho reports sent from Syracuse
were In the interest OF that road to prevent
the placing of bonds Of tho Burt roads Mr.
COmstOCk brought six or seven SUITS TO prevent
General Burt from getting possession Of the Chenango
Road which was IN the hands OF j. j. Beldcn' OF Syra-
cusc as receiver. General Burt settled all the claims
upon which Mr.. Beldcn appointed receiver and
demanded that the road be taken from the receiver
General Burt says that he owns al OF the hrst issue
OF 5000 900 OF the ChenangO Railroad bonds ana oil OF
the preferred stock with IA majority OF the common
stock The Court Of Appeals has dismissed two OF Com
stocks suits with costs, and new election OF directors
has been ordered by the Court He says that all state
mepts called facts made TO the AttOrncyGeneral. and
on which lie brought the suits, are false. Contracts
have been made with responsible parties to build ana
equip q double-track road to Buffalo. The
company has made large investments and asks
no fayors or assistance either Of the State
are on file in the Secretary Of states office. where the
Acknowledgement could have found them instead OF
being mere paper roads, lie states they are oonl-
pleted and operating in Massachusetts,, through Yer
mont and the counties of Washington Saratoga Kens-
selapr and Schenectady in Ncw-YOrk General Burt
says: ave have carried upward OF 5000 goo @ tons OF
freight during the past year. and spent SiOOO,OOO IN
construction The capital stock is exactly the par value
of the stock Of the roads consolidated
No bonds have been issue, or pro
posed in consideration OF the consolidation
il Is only provided that $4,000 may be issued on each
mile Of double track road completed All bonds author
ized will be used for the completion OF the consolidated
rOads The mortgage does not cover the local roads,
The mortgage OF the consolidated companies Instead or
being fraud, being elusive and deceptive, and In ITS
creation offence against the statutes justly oreitihg
the existence OF the company Is In fact the brightest OF
good faith both to the public and state. Having com
peted the PhRnx consolidation and the Court OF Ap-
peas having disposed Of ex-Judge Comstock ana his
Chenango suits that road also VIII perfect It's oOns0-
dation and the gage will cease TO be covering an
imaginary line Attorney General fears II does at
the present time. This meets every allegation III the
complaint OF Judge ComsOck, ms sworn TO by hlm ana
upon which the chief legal adviser of the state or New
York proposed to charter annued aud our cor
pOrate existence terminated"