Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1886-03-05
STATE AFFAIRS.
DEVELOPMENTS IN THE AFFAIRS OF THE ST Al
DAMS BROKEN BANKS.

DEVELOPMENTS IN THE AFFAIRS OF TIE ST Al
DAMS BRoKEN BANKS
In his suit in the United States court against the
First National bauk Of st. Johusbury to recover $50
900 assessment the stock of the defuuct national
hank 10 81. Adams, Receiver Hendee has obtained
Judgment for the whole amount with interest from
May -, 1855. Defendants carry the case TO the
United States supreme court on writ Of error. The
indications that this and other banks which OBJ
jeced TO paying tue assessment levied by tue comp
troler Will have to pay and that depusitors Will
eventually get close to 10 per cent Of their deposits
Matters at both national banks to be tasting a
favorable shape, but the Trust Company affairs
still remain painfully uncertain.
Receiver Rich Of the Trust Company has bargaiued
for the sale of the Norwood lumber companys prop
ery in northern New York which Is the only remain
ing asset Of the broken institution. The sale far
be learned is to syndicate nf New York men
wood, for which $40 600 is to be Paid and the buyers
get the refusal Of tue rest Of the compauy property
including some $500 acres of wild land II this sale
IL carried out in good faith, IL will prove tue begin
ming OF the end Of the Trust COmpauy's affairs. As
matters now stand, however, dividend can be
paid unless decree Of the court Of chaucrry To that
effect is secured. The amount obtained from the
sale is far below what the property worth when
President Braiuerd Of the Trust Company failed
The women Of Rutland, who are build
ing up free public library, have organized
into a corporation Of which Mrs. Julia c. X
Dorr is president Well toward $4,000 has al.
ready been pledged.
The late Hollis l.. Powers the New York
hotel landlord, set apart in his will $50 OO0
for the erection of "A monument to himself AT
Ludlow.
"A. X Mann's two barns with sheds aud
contents in West Randolph, including two
heifers, cosset sheep and two pigs, were
burned last week Thursday night.
Frank Libby of st. Johnsbury, formerly
a private of Co. b, LIST N. II. Heavy Artillery,
was tried before the T. S. circuit court at
Burlington last week, for an attempt to de-
fraud the government in filing aflidsvits which
were false in support of his application for n
pension. The jury disagreed.
Burlington people are enthusiastic over
the success of their last weeks carnival-or
they claim TO be at any rate. A large nun
Der of visitors were attracted to the city, es-
pecially on Thursday and Friday, and the
grand ball with which the festivities closed
on Friday evening was brilliant affair
"A curious accident happened to the Mon.
treal express at st. Adams Tuesday forenoon.
just rs the train reached crossing short
distance from the st. Adams depot it wal
thrown from the track down into meadow.
The engine kept the track, but the baggage
car, Pullman and ordinary coach ran of. The
baggage car was upset, but the other two
cars pushed it one side and moved along in
the meadow some % or 30 rods, keeping
right side up. Nobody WAS hurt at all and
another train WAS Immediately made up,
leaving for Boston only about half an hour
late. The supposed cause of the accident i,
spreading of the rails.