Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1885-03-06
STATE AFFAIRS.


THE ST. ALBANs BANK TROUBLES.
"A sensation was created in st. Adams
last Monday by the attachment and seques.
tration of the real estate OF Edw. A. Sowles,
Albert Sowlee, Bennett O. Hail. George W.
Foster OF st. Adams and of Oscar A. Burton
OF Burlington, officers and directors OF the
defunct First National bank of St Adams,
by United States Marshal Henry, on q suit in
equity brought by Receiver Roberts for the
sum of $1,000 The defendants are
charged in the bill with mismanaeement in
the affairs of the bank with making falsiied
returns to deceive the national bank examin.
er, aud with violation Of the national bank.
ing laws in several other particulars. Re-
ceiver Roberts sets up his bill in equity that
the bank has sustained losses by the misman-
aBement of the officers and directors exceed.
ing $500, 900 in amount Ia the suit brought
by Receiver Roberts in the United States
court against Edward A. Sowlts aud others,
to recover the amount Of the assessment lev.
led on the stock of the First National bank
by Comptroller Knox last September and
which was heard at the Last term on the de.
PENDANTS plea that the United States court
had no Jurisdiction in the case, Judge Wheel
or takes jurisdiction and orders the defend
ant to answer by the April rule day. E. A.
Sowles and wife and the Bellows estate, of
which Sowles is executor, own over 800
shares Of the stock Of the First National, on
which an assessment of 100 per cent was lev.
led, but not a dollar has been paid thereon
up to this time.
THE CENTRAL VERMONT UNDER rHE ooNsoLIDA.
TON.
-Bradstreets journal notes the fact that
the recognized Central Vermont railroad,
after 20 years of circulation, begins to max g
good showing for returns on the present
face of its capitalization. The various con-
solidated and leased lines in the group. not
including the New London Northern, report
for the last six months OF 1884 net earnings
OF S5l9,647 As compared with the CORE
spending period of 1888, gross earnings fell
of per cent and operating expenses 10 per
cent. Taking out rents aud taxes from net
traffic earnings, the surplus for the six
months appears to be 1915, 1872, or more than
enough to pay the full years interest on the
main lines So, 900, 900 mortgage. Rentals and
taxes are accordingly the only fixed charge
upon the earnings OF the remainder of the
year 10 end June 80 next. The relations be-
tween the Central Vermont and the Grand
Trunk and Boston and Lowell are cordial,
and the outlook for local business is as favor
able as at any time Of late. The New Lon.
don Northern also is rather more than paying
expenses.
Last Sunday morning Mrs. Julia Porter
Of Hinesburgh was found near her home in
the road, soaked with rain and in dying
condition, and died without returning to con-
seriousness. She was old and feeble, having
passed her Slst birthday, and her death was
probably due to exhaustion.
Col. F. V. Randall OF NoTthheId died
suddenly Of apoplexy on Sunday, aged 81.
lie Was a prominent practicing lawyer and
vice president of Norwich University. Dur
ing the war he was first captain of Company
f, Second Vermont, and afterwsrd colonel OF
the Thirteenth Vermont, and again colonel
OF the Seventeenth Vermont, which he or.
ganized.
The st. Adams Weekly and Daily Mes
senger has been sold to Warren Gibbs OF
Burlington who took possession on Monday,
ID. W. Dixon, editor for several years, retir.
ing. It is understood that the purchase in.
cludes the entire business, but not the real
estate.
The Burlington Free Press says that Rev.
j. d. Beeman of Montpelier has been very
fortunate Of late in real estate transactions,
and that In addition, Mrs. Beeman has fall.
en- heiress to a considerable fortune.
The late Oliver @. Bowen of Pittsford
left $4,000 to that town for the support of its
poor. After making the will he added cod
ici revoking the gift to the town, but as the
codicil had but two witnesses the revocation
was void and left the original bequest in full
force