Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1883-09-21

OF his investigation III WHICH ne was Hesisteo
by Mr. l.. d. Huzen of st. Johnsbury, a
large lumber manutacturer)
Forty zone thousand four hundred and
ninety-cight acres OF land, valued at ss2 1913
Timber privilege paid for 1000
Three mills ana ~ houses and stables -
and land apperlaining 1855
etc. 1880
Camp eqllpage, tools, hay, horses,
wagons, sleds cars. lire engine, eic. l',4lV
Goods and store accounts ls,2lI
1892 1862
Preferred claims to be deducted 5G,5!d
$685., $50
The lumber was estimated at 81 per
1000 feet less than 1t IL now selling
for, and II that sum be added TO the
the estimate, there would appear 1850.
therefor. p,OsO
Makinga total of ss6S,636
The Indebtedness to the Trust Company
is S3l2, 143, and thus there is left an appar-
cnt margin o; S52, o02, after paying the Trust
Company in full.
Mr.. Rich adds: whether the property eau
ne sold so as to secure the full am)nnt due 10
the Trust Company, will depend upon the
success which the assignee has in dsposing
of it. So large a property can not find pur
chaser at once, as all must see. The assignee
IS confident he can realize the estimated
am Junt, IT he can have reasonable time
IN which to mako the sales"
Failure of tho Attempt TO Sell the
south Eastern Raii.vay-The Prop.
er,yto 20 into The Possession of the
Canadian pacific.
~,
treal says that the Canadian Pacific railway
aon,,,,.n, lao, s,,oun ,,oir hand and
:, !, ,r,,,x u.o,, ,ss,,rod ,,,a, chm South E,s,.
,rr win soon ,oss into ,hcir nossession or he
co,,ro,,.d lao nor,;.o in ,ho;r ;r,o,est Tb.
.C,,Ji,n pao;eo oon,r.nv Ina Maid fin.
,l,,,,, ~ ,h, ,v,so, uon,,,,o,,,r;n, c,,,,,,v
,,,.;,o, ,,, c,,,. ro.,o, ona sor ,,o eo,is.
'7''''' '''o "o"'' 11"''n' ""
faction OF which writ OF replevin on large
number of cars was issued to United States
Marshal Henry. Papers attaching Il large
quantity Of wood along the line OF the South
Eastern were also issued by creditors in
Vermont, but this claim has been settled by
the Canadian Pacific. The two payments
made amounted to several hundred thousand
dollars, and still further tighten the grip OF the
Canadian Pacific ON the South Eastern. The
claims OF the Canadian Pacific and Passump.
sic and b ston, Concord and Montreal rail-
roads az inst the South Eastern now aggre-
mold on the read, in connection with tue fact
llal parties III thc lnlercs. vi .nesc iUao'
tors of the South Eastern. make it almost
certain that the read will soon be owned by
Inc largest creditors OF Drauiey n'rlo"'
Another Feature OF the Matter
Receiver llcndoe Of the Vermont National
bank of st. Adams was in Montreal Saturday
for TIE purpose Of comforting with parties
ahoye referred tn. In the event of the Cana
H. paa;ea a,l po,.,,,o;o o,d p,s,o,,
VIA" a''i' a"" as'u'np''. ''iu 'O'.'"'
concord ana Montreal railroads. coming INTO
possession of the Southeastern railroad proper
ty ii will be necessary to secure the Montreal,
Portland and Boston railway IN order to com
plctc their inc and make the desired connec-
lion between their respective termini at Mon
trcal and West Farnham, a distant of 80
miles. This important link is owned by IA
separate corporation and has an incumbrance
of S80l 900 OF first mortgage bonds Of which
1901 900 in amount is held as collateral secur-
ity by the Vermont National Bank on their
loan Of 1919, 900 to Bradley Barlow. The
Canadian Pacific and other roads inter-
estod in the line have made an offer to Re-
cever llendcc for the purchase Of the bonds
in question, but at lower figure than the
receiver is willing to take.
Ar,,,,. ,,,oo,i, 81 ,o,,o.;,or, +, a., r..,
N'''"'' N'e.'"s VI w III WV iu''
company was held Tuesday. u. 5. Fassett
of Enusburnh, member of the committee
or,,;,,od lac, wook ronor,od tim, oil tho
committee were WILING 10 serVe, Win inc
exception Of Mr.. lloughton. The committee,
he said. had nothing special TO report. since
l,,,, no., ,oo, oi1o - h,,o ,,o.,;, -
V"'y .',. u IT, '.cn , ao.o " nav iioe',u5 "
~ ''''o w ' ,, uou,so hoGess"y ~ pu,sue'
az az NV, t''o,.u 'na e.u.'on W L. w. H n :.
W. 'mu v"oahoy I'. W w W.. li'usu'on