New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-08-10
THE BARLOW FAILURE.
UNEASINESS AT ST. ALBANS.
Mr.. BARLOW RErIcENr ABOUT HIS RAILROAD
STATEMENT OF THE BANKS AFFAIRS.

STATEMENT OF THE BANKS AFFAIRS.
| ST. ALBANs, VT, Aug. 9.-Bradley Barlow
from NcwYork this morning but refuses to give
any Information concerning tho reported sale Of the
southeastern Railroad He says however, that satisfac
tory ARRANGEMENTS are likely to be made soon. A
meeting OF the directors of the Southeastern road win be
called at an early date and Mr. Barlows unsuccessful
decisive steps will be TAX en- the creditors already
pressing their claims is stated that claim for nearly
x2oOO has already been entered against the Southeast
ern by Montreal party o protested note. Consid-
erabe feeling exists against Branard and tho directors
of the rustcompany for their seeming lack of knowledge
OF the company's affairs One director acknowledged
this morning that he knew nothing about their business
The public feeling s that the funds have been handled
In careless manner. to say the least.
Ex-Governor Hendee has compile ted his examination
of the Vermont National Bank and Controller Knox
thorizes the following statement The bank holds about
$1,000 In assets cash and notes. which will soon be
available, and IL believed that the remaining
Indebtedness will he lquidated from other assets
and collateral and negotiations are now in
progress TO that end. TIE Controller has ap-
pointed George w. Hendee OF Morrisvile. receiver OF
the suspended bank II the sale OF the Southeastern
Railroad made before attachments by creditors are
instituted. there Is for hope; otherwise
the creditors here feel that there very little chance for
them. In tho utter absence OF information to
the liabilities the feeling OF tho depositors s Of dis
trust aud the statement recently made considered OF
factory conspicuous absence OF facts
Tho effect OF the statement upon the de-
postors Of the Trust Company Is not salutary,
and public feeling been aroused to hign pitch
Hundreds are IN town waiting yainly for sign and are
now d-p0sed to hnd mucn fault vita president Braerd
and the directors because hardly word has been vouoh
saIed the oepositors
No new deveogmcnts are expected immediately unless
the sale o. the southeastern Railroad Ia accomplished
aud there Is no prospect that che uncertainty among
business and private depostors VIII be soon done
away with Mr.. Barlow said tonight that certain
ar are 10 nG% s nsPssss s road but could say
CANADIAN RUMoRs ABOUT THE soUTHEAsTERN
ROAD.
MONTREAL, One. Aug. 9-Bradey Barlow went TO
NewYork Il is said, TO negotiate with Mr. Vanderbilt
for the purchase OF tho Southeastern Railway. Mr. Nc
Intyre and George stephen. OF the Canadian Pacific
Railway have aiso gone 10 New.York Three months
Mr. Barlow offered 80 900 for the road, but
bauks OF Vermont Is credited with being desirous OF
buying much of the line his road could utilize.
the Southeastern Railroad Company the recovery OF
draft OF Sl5os79 on the company, which was allowed
Negotiations in here to day for the sale
9or rse sh chp% T
OF tue National CONSTRUCTION Company OF NewJerSey,
at ia head The price asked was 80 100000 Although
Mr.. ChapDah denies that such the case lie saws the
,nr x s rosa s OF eaS have eeS
taken out
THE RUMog NOT coNFfRMED-A TALK WITH CA
MADAM PACIFIC AGENTS.
A published dispatch from Montreal yester-
day stated that the southeastern Railroad had been pur
chased fIom Bradley Barlow by syndicate supposed
to represent the Grand Trunk and Central Vermont
interosts This syndicate said to be composed OF
George ID. Chapman, OF the National Construction Com
pany of New Jersey Ashley Hibbard and Walter STAN
ley, OF Montreal, and James Mitchell. an Engshmsn.
The price they reported TO have paid MI Barlow
was 50, 100000 cash. sum which. after paying all
liabilities incnding his debt 20 the Canadian Pacific
Railway Company, would leave him q surplus OF about
S35000O The report further stated that Ia Montreal
the transaction regarded big "euohre on the
Canadian Pacific. and that MessrA Mcintyre and
stepnou OF that line, had come 10 New-York for the
purpose Of conferring with Mr. Barlow
AT the ofice Of j. g Kennedy Co.. the fiscal agents OF
the Canadian Pacific Railway it was said yesterday that
nothing was known there about tho reported
sale OF the Southeastern Railway TO Montreal
syndica,e The Canadian Pacific not aux
ious 10 buy the property for more
than what It thought worth, and II the Grand Trunk
Kali way wished pay higher proe.tna company was
wecome to the road It not certain indeed Il was
said whether the Canadian Pacific cared TO acquire the
property ut all
Last night a TRIBUNE reporter called upon Mr. McIn-
tyre at the Hotel Brunswick and showed him the dis
patch "weI. this Is the nrst have heard Of IT," said
Mr. Mcintyre reading tue paragraph; but there
are two points In tho dispatch which can enghten
you Firstly. IL is all nonsense as TO
ts being euchre on the Canadian Pacific. for the
Canadian Pacific does the line In the least.
Secondly neitner nor Mr.. sepnen has seen Mr.. Bar
low or know whether ho Is In New-fork" Mr.
McIntyre then went say that he knew The names
OF the members OF the alleged purchasing syndicate, all
except that OF Mr. Chapman. OF NowJersey but as 20
tuer represen ting Grand Trunk and Central Ver-
mont he neither knew could tell anythi ng about IT,
"Personaly," he said. If Sncereiy hope Mr.. Barlow
may get tue price possible for the road, aud wsh
you would say so-0O matter wno buys It. 30 Tar from
either Mr. stepaen having come to New YORK for
the purpose seeug Mr. Barlow, neither or them hnd
any idea 20 whether or not Mr. bar
low was In the city. Certainly neither nad
seen or had any communication with him or any repre-
sentative OF MIS- and Mr. stephen LETT for Montreal
again yesterday evening Mr.. Mcintyre came down
with his wife on purely private business which mad
nothing whatever to do with the southeastern Rail-
road. -,
Ashley Hbbard aud Walter Stanley registered at the
st. James Hotel August g. but left next day. and had
not been heard OF since Mr, stephen was staying at
the Windsor and left Mr. Mcintyre said, early yes
terday evening for Canada.