Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1883-08-13

five dollars (if he is economical)
and he will never rave cause to re-
greet the time spent.
FINANCIAL TROUBLES.
Bradley Barlow, owner of the
South Eastern railway system, chief
stakeholder in the Vermont National
Bank of ST. Adams, and possessor
of much other real and personal prop
erty, was compelled to make an
assignment last week. The immedi
ate cause of his suspension was the
fact that negotiations with the Cana
dian Pacific r. r., which had been
under way for some months, failed,
and Mr.. Barlow, who had expended
very large sums of money on his
roads, found himself short of funds
and his paper went to protest. His
bank at St. Adams was closed, and
the ST. Adams Trust Company, a
savings bank, owing to its connection
with the national bank, also closed
it's doors. Lawrence Brainerd, a
heavy capitalist, but embarrassed by
Mr.. Barlow's misfortunes, is presi-
dent of the Trust Co., and the pros
poets are favorable that all depositors
will receive the full amount of dppos-
its. The bank, in case Mr.. Barlow
fails to extricate himself, will go into
liquidation, but it is hoped without
serious loss to stockholders. The
misfortune has caused much excite
ment in northern Vermont and in
Montreal, and those familiar with the
causes and circumstances have much
sympathy with Mr.. Barlow. The
South Eastern road proper extends
from Montreal to Newport, but since
MI. Barlow bought up the stock he
has added other branches until the
whole system embraces about three
hundred miles of railway. The roads
of themselves, except in through lines,
would be like most inland roads, poor
property, but with through line con-
nections are valuable. Since Mr.
Barlow took the management he has
effected arrangements with the Pas
sumpsic, the Portland & Ogdensburgh
and connecting roads on the south,
the Quebec & Ottawa and other roads
on the west, and the traffic on his
line has been very largely increased.
The facilities for travel have been
improved and great impetus has
been given to business in many see
tons by the energetic management OF
| Mr.. Barlow. In the meantime his
expenses have been enormous. AL
his roads have been put in good re.
pair, steel rails have been laid, many
new engines have been purchased
and large number of freight and
passenger cars put on to the roaC
until it is we'll equipped in rolling
stock. Recently a large depot an6
headquarters building has been bull
at West Farnham and the outlay
altogether, has been too great for the
income. Mr.. Barlow has the sagaci
ty to see that his line is really valu
able, as it is an important link in {
system which can make a strong
rival against the Grand Trunk, OF thu
Canada Pacific, whichever way it il
controlled, and some company ampl,
able will purchase this line to operate
it in connection with the great through
routes. The Canadian Pacific hat
loaned Mr.. Barlow 81 100000, ant
had a contract with him which con
summated a sale of the South Eastern
! to that company or effected pro rat
; traffic rate which would make tn
Barlow road paying investment
The Canada Pacific, doubtless wit
the expectation of forcing sharpe
trade with Mr.. Barlow, refused t
buy, OF loan any more funds, an
) hence the suspension. Mr.. Barlow
2 who is fruitful in resources, hastene
; to New York and there intereste
3 parties in his behalf who propose t
e buy his roads at price, S3,S00,00(
' which will enable him to straighte
e out his affairs and have a handsom
S sum left. This trade is said to |
ID. effected, and if so no serious result
s have been occasioned by the finances
h troubles. If the South Eastern
: not sold Mr.. Barlow's creditors mu
: lose, as his property and theirs is il
e volved in the road.