The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1885-03-04
MONTPELIER, VT, WEDNESDAY, MARCH 4, 1885.


torial by-play is not entirely apart from a
purpose to "bull the Inden and bear
the Caledonian. 1t is understood that a
son-in-law, or proposed son-in-law, of the
chief mover in this enterprise is to be as
sociate editor" and business manager "
Of the new paper, and that another pro-
posed son-in-law intends to be a journalist
when he becomes fully-hedged. This fact
is supposed to account for part of the milk
in this newspaper cocoanut, and some of
the knowing ones in old Caledonia are
already laughing in their sleeves to think
how this disinterested father-in-law--elect
or de facto-has played the straight repub-
lican dodge on the Fairbankses and others,
to provide soft place for present or
prospective sons-in-law. This fact, and
we understand it is a fact, taken in
connection with the uncontradicted story
that the editor-in-chief " was mug
wump of a pronounced type last year." con-
verts the heroic scheme to establish a
Simon-pure republican paper in the Pas
sumpsic valley into something very like a
roaring farce. We are not surprised to hear
it intimated That there is some of the syndi-
cate stock left that any one can have at par.
Meanwhile, whatever may be the ultimate
result, the Cdledonidn has brushed up Won
derfully with the prospect of competition
and is displaying an amount of enterprise
and vigor that must restore its prestige, if
it has lost any, and should give it popular
support and confidence. This it has had in
a larger measure, in spite of some not un-
reasonable grounds for criticism, and will
have more abundantly in the future, if in.
dications are not greatly at fault
RUTLAND HERALD: Hundreds of deposi
tors have been waiting for months to see
| how much three receivers could save fol
them out of the three wrecked st. AL
bans banks--the Trust Company, the
Vermont National and the First National
Two dividends, amounting to thirty pei
cent, have been paid by the Trust Company
one of twelve and one-third per cent by thu
Vermont National, but none at all as ye
from the First National Receiver Roberts
of the latter institution has been pushing
things to some extent, but finds it hard t,
| get anything out of the stockholders, not
withstanding an assessment was made ant
is long since overdue. He recently causet
the arrest of President Sowles and III. K
Lewis for conspiring with the officials of th
bank to deceive the national bank examiner
and Mr.. Sowles is now under $4,000 bal
pending the conclusion of the examination
by District Attorney Haskins Mr.. Lewis
who was mixed up in the bank failure b.
means of certain accommodation paper
~, all
in the sum of $1,000. His case was to hav
come up before the United States court a
Burlington, but it is generally understood
that he has recognized the paper bearing hi
name and settled to the tune of some 5000
His connection with the affair is locke
upon as case of misplaced confidence i
the cashier, Albert Sowles. On Friday ne>
there is to be hearing before Chancellc
Royce on petition by certain preferre
creditors of the trust company for full pa.
ment of their claims, as provided in I'll
charter This question was, several montl
ago, decided by the supreme court adverse
to the preferred depositors on the groun
that the institution was not insolvent undt
the statute, but the depostors now clai
that if the concern was not absolutely ban
rupt then, it is now, and they ought to |
, paid in full. If this claim should be su
tanned by the court, the general deposito
that is, those outside of married wome
, minors and insane persons would not g
another cent from the wreck. 1t is said tn
: Lawrence Brainard, the president of IL
. defunct trust company. who is under indie
q ment for misappropriation of funds, al
, whose bail was in one phase of the case d
> clared forfeited by the last supreme cou
held at ST. Albans is on his way from t.
;, West so as to stand trial at the April term
q the county court"