The Bennington banner. [volume] (Bennington, Vt.) 1858-1894, 1891-01-15

Rcycrscs have overtaicn Fort Payne.
Palatial trains have ceased to run be
tween New England and that much her
aided town. 1t is winter, and while the
season may have something to do with
impeding travel between these two
points, the greater reason is to he found
in the winter of discomfort of the
stockholders. Ordinarily travel from
North to South increases when the rays
of the sun shoot the most aslant and
when the summer hotels become trans
feIrcd from one section TO the other.
But it is cold in Fort Payne this winter,
colder even than anything there is to be
found IN st. Johnsbury.
A blanket was wanted for Fort Payne,
and the town received it in the shape of
mortgage of 100000 which was voted
at q meeting Of the stockholders at BOs-
ton, Wednesday, December 3lst. Fort
PAYNE is one of those towns founded on
stock subscribed, with only n portion
paid in-Something of paper town. 1t
was established on boom in which
hope and expectation were made to play
a prominent part in the capitalization.
As fast as people could be made to be
lieve that few cents on the dollar paid
in would yield 100 in the speculation, the
trains for Fort Payne were loaded with
adventurcrs in pursuit of stock GER
tilicatcs. The balance was to be earned
and made up by each one shouting in the
others ear, at is good thing But
this compound of money and noise
mostly nOise-failed to mix currently
enough to carry the 'ground floor"
through, and further assessments were
ordered.
This condition was not expected to
come about so soon, therefore it was a
great disappointment to many of the
who proposed to sell out
their shares rather than to contribute
more. And these shares thereupOn |
proceeded to return but little money to
the stockholders, and none at all for the
furtherance of the scheme. The boom
recOiled early and the S3)O,00O mortgage
became necessary. TO an outsider, under
the circumstances, If we understand
them Alright it would seem that about
all there is left of Fort Payne is its
mortgage.
While the people in this section Of
Vermont have largely held aloOf from
making Investments of this sort. our
neighbors on the East side have rushed
IN. Long lists OF these vermont m
vestors were published last summer,
also lists of those who loaded down the
trains, among the number being several
editors. Though the Fort
Payne collapse may have the effect to
the projectors of the enter
prise, it will serve TO strengthen the faith
Of the average Nermontcr in his own.
Solid wealth is not obtained from booms.
While all may 60 well for time and a
few be permitted TO enrich themselves
at the expense Of the many the high
tide is expected to be followed by a re-
action sooner or later as at Fort Payne.
Money does not grow on bushes. Es-
pecially IN new country, il is the COM
pensatiou for toll, priyations aud bard
ships.
Vermont is rich to-day in the work of
Die fathers and mothers OF the State,
and their posterity might be forehanded
indeed and as happy as the happiest if
hey would but improve their full home
If anything is lacking,
c Is enterprise at home. There should
be no induccment for going away from
Vermont TO share in uncertainties.-Si.
Aibans Messenger.