The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1883-09-12

right to do as they have done and that the con-
solidation agreement and issuing of the bonds
is In all respects legal and valid and that the
plaintiffs guilty of gross neglect in not be-
ginning his suit until the compromise had been
affected and all arrangements made to issue
the bonds. The plaintiff was represented by
Hon. w. L. Burnap of Burlington and Elias
Merwin, Esq, of Boston, while the defendant
was represented by Senator George f. Edmunds,
Hon. Daniel Roberts and Hon. W. G. Shaw, all
of Burlington Hon. B. F. Fifeld Of Montpe-
lier, Hon. Henry D. Hyde and A. s. Hall, Esq,
of Boston, the latter of whom is the law part
ner of Hon. +. A. Brooks. The hearing was
continued during Thursday and the decision
was reserved The result Of this suit is very
important upon the compromise agreement
II the suit should be decided in favor Of the
plaintiff 1t would either upset the compromise
agreement or essentially retard it, and be IL
able to open the floodgate Of litigation in a
manner that would make the old Vermont
Central litigation seem small.
THE annual session of the Vermont Central
Baptist Association was held at Groton Sep
tember 9th and 9th. The audience room of
the church was suitably decorated. The Off
GERS as elected for the ensuing year are Rev. ].
A. Pierce of West Randolph, moderator; Rev.
II. G.. Robbins of Sharon, clerk Z. o. Hib-
bard OF Randolph, treasurer portion Of the
first day was devoted to the reception Of let
ters, giving reports from the churches compos-
ing the association Sermons were given by
Revs. o. J. Taylor of East Bethel and s. A.
Reed of Passumpsic. Addresses on the nature
and methods of revival work by Revs. L. B.
Steele of Vershire and Fl. C. Robbins Of Shar-
on. Wednesday evening Rev. N w. Alger,
state missionary OF the Vermont Baptist con-
vention, gave practical and instructive ad-
dress Reports and addresses were also given
in accordance with the programme submitted
| by Rev. w. A. Worthington, chairman of the
| committee of arrangements, as follows: Sab
nath-school work. Rev. E. d. Mason of Mont
| ,Ielier, Deacon e. f. Andrews of Berlin, f. O..
Hbbard. Thursday morning was occupied by
reports and speakers on special topics, viz
Home Missions, Revs. j. A. Pierce and W. A.
Worthington; Foreign Missions, Rev. o. j.
Taylor. The interests of the Sabbath. schools
within the limits of the association were dis
cussed by several speakers in five-minute talks.
Wednesday afternoon the subject of practical
| benevolence was ably presented by Rev E. D.
Mason of Montpelier. This was followed by a
general conference sustained by many Of the
delegates present, the theme being Practical
Religion During the day the association
was favored with eloquent sermons by Revs
J. A. Pierce and Z. D. Mason The next an
nual session occurs at Montpelier. The fol
lowing clergymen have special appointment:
by vote of the association: Annual sermon
Rev. H. c. Robbins, Sharon; assignments ol
special topics: benevolence, Rev. L. B. Steele
Yershire Sabbath-school work, Rev. f. d
Mason, Montpelier Vermont Baptist Stat,
Convention. its work and methods. Rev. ]. A
Pierce; Foreign Missions, Rev. W. A. Worth
| ington of Groton.
ALL prospects of the Southeastern railwa.
being sold to the syndicate of New York cap
italists appear to be at an end for the present
and the floating creditors of the road are likel,
to be frozen out. The New York syndicat
claimed that it stood in the position of Mr.. Bar
low, the president of the road, having agree
to purchase all his interest, which include
three-fourths Of the capital stock, and as tina
|
rectors to retire and allow it to manage tn
road. The New York capitalists had no lega
transfer from the ex-presdent, which, in hi
present position, he cannot give. Not dolla
had been deposited TO secure the agreement t
liquidate the liabilities of tho road, most G
which are due the Canadian Pacific. If thes
reputed capitalists could get a transfer of tn
road for absolutely nothing, the directors o
the Canadian Pacific thought they might a
well keep it themselves. What the latter ar
most anxious about is to get the floating del
paid off or secured, and the Canadian Pacif
railroad company made proposition in the il
terest of the creditors that the syndicate depos
100000 in the bank of Montreal as securit
for the bona fide execution Of the agreemen
} To this demand the syndicate did not assen
} At meeting held in Montreal the president {
the Canadian Pacific on behalf of that con
pany, made a demand that the mortgage whic
t the company holds should be foreclosed, {
] three months have passed without payment
l interest. In explanation of their side of Il
t story the New York capitalists who were neg
( tiating for the purchase of the Southeastei
! deny that they refused or have been asked
a deposit any sum as guarantee to creditor
D The deputation which waited ON them at Mo
A treal, they state, brought virtually an ultim
9 tum from the Canadian Pacific, offering the
t the Southeastern on condition that its claim
: paid in full at once, and with the understan
t ing that there should be no interchange
g business between the two roads. The Ne
= Workers not desiring to own the road and
9 exposed to the possible opposition of the ne
8 line and fight with the Canadian Pacific, d
l. clined the proposition. 1t is understood in
o general way that the syndicate did not ha
Is any money themselves, but hoped to gain co
y troll of the road and then interest some Ne
+ York capitalists in the scheme 1t il open
d affirmed, however, that Mr. Barlow's enemi
10 were in his own camp, and the Boston Tin
h says: "The betrayal of Bradley Barlow, pr,
l. ident and owner of the Southeastern raiwa
# by A. B, Chaffee, his secretarytreasurer Al
10 one OF his directors, into the hands of his CHI
1t creditor, the Canadian Pacific syndicate, whi
,r act seems to have been since consummated
If aid of the votes Of Emmons Raymond,
1t Thomas Vose and one or two others whom NJ
1f Barlow had unsuspectingly taken into
k board was on the whole one Of the most hea
ID less, cruel and ungrateful acts of savagery
! ha hoIa Of