The Bennington banner. [volume] (Bennington, Vt.) 1858-1894, 1891-11-13
Bonds for Railroad RepaIrs,

Bonds for Railroad Repairs.
The Lebanon Springs railroad has been
repaired and trains will run through as
usual and before the freshet of August
9th, last, next Monday. Meantime we
note that the sale of the road has been
again postponed, this time to December
9th, prox., and that the court has granted
relief. The following from the Troy
Press of Wednesday explaining as fol-
lows:
''There was filed in the county clerks
Office to-day an order made by Justice
Putnam of Saratoga authorizing William
V. Reynolds, receiver of the Lebanon
Springs railroad, to issue bonds to the
amount of $4,000 for the puapose of re-
pairing the damage caused to the road
by the flood of August 9th, last. In
the petition Mr.. Reynolds declared that
he was appointed receiver of the road by
an order of the Supreme Court dated
April p, 1887, in an action entitled Aaron
r. Stevens against the Union Trust Com
L
is fifty-eight miles in length, running
from Chatham to Bennington, and the
earnings, the petition recites, have not
been sufficient to keep the roadbed and
stock IN proper condition. The flood of
August 27, continues the petitioner, de-
stroyed eleven miles of the track. The
New York StateRailroad Commissioners,
by an order dated July IA, 1891, directed
a great quantity of repairs to the road,
and these repairs, the petition alleges,
would require an outlay of 100000. At
tached to the petition is report of T.
w. Spencer, an inspector employed by
the State Railroad Commission, who in
spected the road July 10, 1891.
Inspector Spencer,in his report, says:
Between Chatham and Petersburgh
Junction it will be impossible to operate
the road with safety this fall and winter
without at least every fourth tie being
removed. South of Brainard every third
tie is too old for safety. In many places
the sleepers are rotted off and they are
in consequence dangerous The report
recommends a large amount of repairing.
"There was also filed in the same con-
nection to-day judgment roll in the
case of Aaron r. Stevens and others
against the Union Trust Company of
New York, Gen. J. G. Mccullough as
administrator of the estate of Trenor w.
Park, deceased, the New York, Boston
and Montreal Railroad Company, the
New York, r. Il NJ. X. r. Co., the
Central National Bank of Boston, the
Harlem Extension Railroad, the Massa-
chusetts Mutual Life Insurance Company
and number of other defendants. The
judgement roll was signed by Justice
Putnam and is made in confirmation of
the report of a referee granting judg-
ment of foreclosure and sale against the
Lebanon Springs Railroad for 81, 1922
922.95. John l.. Honning of Saratoga is
appointed referee and is directed to adj
vertise the sale in the Troy Daily Press
and the New YORK Tribune.
son December 10, 1872, a decree of
judgment granted by Justice Learned
was entered in the county clerks Office,
by which, on the report of Referee Chas.
S. Fairchild, judgment for $685., %
was granted against the road, that
amount then being due and unpaid, and
judgment was also granted for the fur
Their sum of S2,OOO,OOO. The case has
been in the courts since and has assumed
various phases. The actions were insti
tuted for the foreclosure of unpaid
mortgage bonds of the road"