Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1883-08-08

MONTPELIER. VI:
WEDNESDAY, AUG. 8, 1888.
Railroads and Money.

Inc financial troubles OF the Central
DAD and the long litigation about them In
the Vermont courts have got good many
folks to believing that the chancery oil
Vermont, with the supreme court for
advisory committee was principally
engaged in railroading and that it's
railroad enterprise was about the only one
that didn't pay. So far as the court is
concerned the anger against it has been
pretty much on the principle of the man
who aid he would plant his potatoes
when he pleased and if he didn't got Il
good crop would "lay it to Van Buren,"
We are now favored with some railroad
matters within the state that curiously
enough are not alleged as the work of our
courts. Over in Rutland furious quarrel
arose over the management of the Rutland
road and the Clements on one side and
Ex.Gov. Page on the other made the
election of direc ors very lively last week
The outcome was the election of the Glenn
ent ticket and the defeat ofthe Page ticket
for electors by a vote of about $4,000
shares to 10000. One of the things
involved in this quarrel is deficit of
some $4,000 dollars which is laid at the
door of j. M. Haven, the late treasurer.
Ravens property is attached and he is in
the court of insolvency, but Haven insists
that be did not have the benefit of the
missing money.
The Rutland pow-wow has been sue
ceeded by one at st. Adams of greater
magnitude which, as a szeable financial
disaster, comes next to the Boston failures
in the leather and shoe trade within few
day. Monday the Vermont National Bank
at st. Adams closed, and its suspension
was followed by that of the St. Adams
Trust Company.
Bradley Barlow who says he has put
million dollars into the South Eastern
railroad has been hoping to effect sale of
that road for some time to the Canadian
Pacific syndicate. But the syndicate didn't
buy, probably waiting to get the property
cheaper, and within a few days much OF
Mr.. Barlow's paper has gone to protest in
Montreal and Boston. The Vermont
National Bank among its discounted paper
had $4,000 of the paper of the South
Eastern railway Saturday evening on a
statement by Mr.. Barlow the directors
determined to suspend business, and Mr..
Barlow has assigned all his property to
the bank. 1t is not known how the depos
itors will come out. Bank Examiner Hen !
dee is now at work examining the condi- |
tion of things.
The suspension of the St. Adams Trust |
Company tits hoped will not, in the end,
cause loss TO its depositors. Its president, |
Lawrence Brainerd, is an indorser of Mr..
Barlow's paper to a large amount. Mr..
Brainerd has assigned his property, esti.
mated at half a million, to the Trust Co.,
and it is claimed this is sufficient to pay
his liabilities to the Trust Company and
also the paper he has Endorsed for
Barlow.
The Messenger reports that Mr.. Barlow
says that so far as he is concerned it is a
bad failure and that be has nothing left
but is absolutely penniless. 1t also says
that Mr.. Barlow is much depressed in
spirits, claiming that if no one was to suf
fer but himself he could stand it but that
others are involved who signed his paper
and loaned him money. OF course there
is much excitement in St. Adams over the
matter; and the Messenger of yesterday
afternoon says all sorts of rumors are {
ahoat, and advises the public to keep cool
and await developments, because till the $
investigation is completed nothing but
guess.work can be INDUCED in.
The First National Bank of St. Adams
run Tuesday and says it was
for it but everything was running
as usual with it.