Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1883-08-24
FROM ST. ALBANS.


The committee that was appointed at tht
meeting of depositors of the ST. Adams Trus
company last Saturday, whose names appear
ed in Mondays FREE Press, canvassed the
ground to find the wishes of depositors as &c
whose name should be suggested to the Chan.
celor to be appointed receiver. On Monday
afternoon three of the committee, at least,
were inclined towards Mr.. F. j. Houghton, of
st. Adams, although they did not express a
decided opinion in regard to the matter. Yet
Of the names mooted UP to that time his ap.
pcared the most fit; but on Tuesday boom
arose in favor of Hon. John l.. Mason, of
i'ichnond, and large number OF workmen
in The railroad shops, who form by no means
an inconsiderable part of the dcpositors, were
decidedly IN favor Of that gentleman. The
two names mentioned above were the only
ones prominently spoken of, yet, in regard to
each, objections were made by those who
preferred the other. 1t was claimed that MIR.
HOughton's appointment was just what the
| ex-ianagers of the insolvcnt savings bank
wanted. On the other hand, it was urged
with equal force that Mr.. Mason was warm
friend OF Mr. Lawrence Brainerd and his
brothers, and had been interested with them
in agricultural society and other matters. 1t
was, therefore, decided at the meeting of the
committee to present the names of both the
above gentlemen and let the depositors at
their adjourned meeting take the one they
should select from the two names.
This was done by majority report in ia
vor of Mr.. Mason and minority report in
favor of Mr.. Houghton.
| The adjourned meeting was held IN the
Academy Hall and was called to order by
the Chairman, DIR. l.. Gilman. On behalf
of the committee, Mr.. Mimms presented the
two reports. Myron Buck, Esq, moved the
adoption of the minority report and a spira-
ted debate arose which eliminated in d.
vision of the house. Two Mason tellers
were appointed to count the Houghton ad-
hercnts and reported the numberto be seven
ty. Then two Houghton tellers counted the
Mason supporters and reported S0and 81 re-
spcctively. 1t was objected that this was an
unfair count and less than the number who
were there. 1t may be mentioned that there
were present at the meeting number who
retained their seats and took no active part
AT this stage hnbbub arose that would do
credit to pandemOnium in its palmiest days
One man was announcing the count, another
was moving the adoption of the majority re-
port, and cries OF "ordcr," "shut up" and
kindred calls were heard. In the midst a
| sfentOrian voice yelled out motion to ad-
journ. The motion was put and was voted
on with the force of every square inch of
| lung power that each individual could mus
ter. The Chairman announced "the ayes
| have it, the meeting is adjourned !" and left
his seat. Thcrcupon Mr.. Guy e. Noble
moved that +. W. Gettrck be modera-
tor which was carried The latter took the
chair vacated by DR.. Gilman, 1t was then
moved that the majority report be accepted,
which was carried, the Houghton depositors
having left the hall. The remainder Of the
dcposltors then left also.
| The Insolvency Proceedings.
Wednesday afternoon the hearing before
the chancellor occurred. Myron Buck pres
ented the name of F. ]. Houghton for re-
cclver, backed by petition signed by some
200 dcpositors. Hon. Charles Dewey, in
spector OF finance, suggested the names of
hon. John L. Mason of Richmond, MIR.
James Brook of Montpelier, and Hon.
Charles W. Rich of Swanton. Mr.. Noble
in a calm dispassioLate way advocated the
appointment of Mr. Mason and he was
seconded by Mr.. McGottrick Mcssrs. Buck
and Harrington (of the barr and Messrs.
Victor Atwood and Henry Nj. Stevens, (mer-
chant supported the name of Mr. Hough-
| ton.
| The chancellor then stated his object in
having notice given and full and public
hearing habitat the depositors might all
be heard on the matter. lie announced that
at as speedy II time as possible he should
make known who the appointee to the re-
Ownership is.
The name of Hon, Charles W. Rich, pres
entcd by Mr.. Dewey, has been highly COM
mended, and the hope is freely expressed that
he may be appointed Ieceivcr-a position he
is eminently qualified to fill.