Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1884-01-11
CIo.iaE mp the Central Vermont LitiEa.
gton.

Another step in tbs closing up Of the long
and disastrous railroad litigation was taken
last week In the fall Of 1852 Msssrs James
NJ Tyler Of Brattleboro. Wan. H. Walker Of
Ludlow. and Wm. P Dillingham; Of Water
bury, were appointed special masters 10 take
the accounting Of the present receivers aud
managers from January. 1876, to July, 1888,
Cinclusive). No definite action was taken in
the matter Of this accounting until last week.
Before the present receivers and managers
could be discharged, their accounts must be
settled, and it became important that the
matter should be attended 20 without delay,
inasmuch As g hearing will be had before the
court Of chancery on the 18th inst, and
among other matters 10 be heard is the petit
ton OF the present receivers and managers
asking 10 be discharged.
OEing 10 the admirable method Of book.
keeping OF Auditor T. G. Lucas. the account.
ing WAS much facilitated The books con.
tanning entries show very fully to whom mon
ey was paid and what for, and refer to the
number Of the vouchers in support Of each
entry. The books we're al examined and the
vouchers produced and numbered by the
masters, and testimony was taken upon such
particular entries and vouchers as counsel
present desired Al explanation in regard TO-
The following counsel appeared:
Col A. F. Walker for the fret mortgage
bondholders of the Vermont Central railroad
Hon. W. G. Shaw for the Vermont and
Canada railroad.
g. C. Noble, Esq. for the trustees Of the
lst and ID mortgage bondholders.
John L. Edwards, Esq, for the Grand
Trunk railway of Canada.
Clarence II. Pitkin, Esq, for James r.
Langdon.
c. W. Writers, Esq, for the estate of 10.
seph Clark
b +. Fiheld, Esq, and Hon. Daniel Rob.
erts for the Central Vermont railroad comPa-
ny receivers and managers.
Forbes telegraphs the Boston Journal that
the masters died their report on Wednesday
in the Franklin county clerks Office, and
adds The managers presented balance sheets
OF all their transactions, and facilitated the
examination Of the accounts by voluntarily
producing all the books aud papers in their
possession. The masters examined the treas
urers and auditors books containing all en-.
tries Of bills audited and cash paid out also
inspected the vouchers 10 correspond thereto.
Testimony was also taken upon such psrtic-
ulRr entries and vouchers as counsel present
desired an explanation IN regard TO. The
masters find that the Central Vermont rail-
road company, as receivers, operated the
roads under their charge in good faith and
WIN otuluAIg PTulshCe' anu tuey approve OF
and allow the accounts Is presented. They
also ind that the relations existing between
the trust and the roads operated by the C-n .
trail Vermont railroad company, and the
methods OF doing business between them.
have been fair and equitable 10 the trust
! The masters further find the services OF Pres
| ident ]. Gregory Smith in the management
aud protection Of the trust property to have
been exceedingly Ariuous, and they ALLOW his
account as presented. The mAsters report
will come up before Chancellor Royce for APP
| proyal in 8 few days, as hearing will be
had January Il, before the Chancellor on the
petition for the discharge OF the existing re-
cevership, and it is necessary that the &C
counts in question should be settled before a
decision was reached in the matter.