St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1883-08-17
Bradley BarIow's Misfortune.
A PLAIN STATEMENT OF THE WHOLE
CASE.
[cOl. Albert Clarke in the Boston TimesI

lCol. Albert Clarke in the Boston Times.l
A few years ago Bradley Barlow was
induced, in order to rescue the interest
of some friends, to embark III the
Southeastern railway of Canada, whose
manager and chief owner had suddenly
deceased. Mr.. Barlow was president
of the Vermont National bank at st.
Adams, the owner of considerable
more than half its stock, was eX-presi-
dent of the Vermont and Canada rail
road company had retired from Bar
low, SandersOn Il COmpany's overland
stage and express business, which for
nearly twenty years had done an enor-
nous business in the west, was owner
of a great deal of valuable real estate,
among which was the Brandon marble
quarry, was public man of large in
fuence, a legislator of ability and had
Just been chosen to Congress. The
Southeastern was a new road, COM
bined of two or three, and formed a
system i'll the fertile region between
the st. Lawrence at Montreal and SOrel
and Lake Memphremagog ut the north
ern terminus of the Passumpsic road.
! The railway was in bad condition,
financially and mechanically. Mr..
Barlow went through it with that
| thOrOughness characteristic of his
whole life and i'll three years made OF
| it a tirst-class road and secured for it a
position that is practically a key ia
the prosperity of one of two great
rival lines in Canada-the Canadian
Pacific or the Grand Trunk.
TO do all this single handed and
without selling any bonds necessitated
his borrowing large sums. The Cana
! dian Pacific was willing to accommo-
date him if he would give them an OPP
ton to buy his road within two years
He assented and went on with the i'm
prOvements. He used all his owl
money, all that his bank could spare
all that he could borrow and all tina
the syndicate We're willing to advance
not doubling that the investment wa
good, would pay, and would realiz
two to one on sale.
But there came a time when his pa
per must be met. The syndicate re
fused any more advances. He aske,
to be released from the contract, Civ
ing them an option to buy the road
and they met his request with neN
; negotiations as to price. Finally, see
ing an opportunity to drive a har
bargain, they tried it. In order t
avoid failure and save all his friend
from loss, Mr.. Barlow offered term
which involved nothing less than til
sacrifice of his private fortune, bu
even these were rejected, although til
syndicate wanted his road, and kne,
| = Il, % Ii, h;,rhn,+ II
? had no alternative but failure. This
] of course, closed his bank, and for pru
= Dental reasons the st. Adams Trus
= company, whose president and heavi
I est stakeholder, Lawrence BrainerC
was an indOrser for Mr.. Barlow, wa
f also shut down, pending the ascertain
ment of Mr.. Barlow's and the bank
r. liabilities and assets. This cause
great excitement and anxiety in 5
!, Adams, and has given opportunity fC
certain personal enemies to indulge
good deal of unkind comment. I'll
: general Judgment of the press, how
i ever, has been cOnsiderate. If NJ
Barlow took too great Il risk for hin
: self, his friends and his bank, he did
y in Legitimate enterprise, on basis
v property far exceeding it in actui
e value, and for which responsible
Il purchaser seemed to have been alread
5 secured. When compelled, throug
d the treachcry of those men, to fai
Il both he and Mr.. Brainerd immediateI
It surrendered all their property for IL
= protection of the creditors of the
ErrrrJ,r Et. slittSilsa lat" rJeestf rSfItSl,
d do before for the last twenty wears. I
II th. ID,
c mediately to exert himself to find
II new purchaser for his road, and mt IL
ii present writing the indications al
y that he has succeeded, or is about
y succeed, and on terms which will eni
bic him to snatch victory from defes
and enable the buyers to dictate
II those who sought to fatten on h
# blood
e The Grand Trunk and Central VeI
II mont could well afford, if they wei
), Ill condition for buying, to pay fa
Il value for the Southeastern, in order
= con vert a rival into tributary. Br
otherwise they do not need the pro,
e erty. The Canadian Pacific absolutel
, needs it for an outlet to Boston an
= Portland, and the Passumpsic needs
e. for connection with Montreal. Its loc;
= business more than pays its runnin
Y expenses. In connection with til
Y Canadian Pacific it will become "A FEED
= er to the commerce of Boston such =
this city could not afford to lose fc
: millions. 1t is not for the interest ,
p Boston that the road should fall int
a the hands of the Grand Trunk. or of
. New York syndicate which will diver
= It's traffic to that port. Boston is send
+ ing untold millions to Mexico, with II
| thought or hope of bcnefitting on
p commerce, but only the exchequer {
the investors. But if Boston capital
lists would now go to Canada they coul
greatly benefit both themselves an
the city, by picking up three hundre
miles of valuable road that NATURAL
controls the New England and Euro
pean traffic of three thousand mile
more, and in which somebody is 500
going to double his money. Unless w
greatly mistake the man and the situa
ton, Bradley Barlow will he found
harder antagonist ut bay than thos
who put him there imagined, and
his misfortune serves to call that at
tentiOn to the Importance of his enter
prise which the public interest de
mands, it will prove blessing in dis
guise.
Disastrous COnnagratiOn ut
Vineyard Haven.
The village of Vineyard Haven
comprising twO-thirds of the peopI
of the town of Tisbury-situated abou
tIran ilaS fpn,,,