Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1893-05-24
State of Vermont.
Its News Condensed and Rewritten for
Our Readers.

"A number of deer have been seen II
Searsburg and other small towns this
spring.
1 Six new grinders have been placed
in the Olcott Falls Pulp Company's
! plant at Olcott.
Hooker, Corser & Mitchell are run.
ming SO operatives at their overall fac
tory at Brattleboro.
Rev. IL. L. Barnard has resigned
the pastorate of the Puritan church al
West Rutland, TO take effect June l.
Frank Cook, a deputy sheriff OF
Washington county, died Tuesday
night at Barre, after long sickness.
O. S. Rixford is fitting up the Bah
bitt shop at Swanton for the accommo-
dation Of the Atwood Manufacturin
company.
The French Canadian societies of
Rutland will parade on St. Jean Bap-
tiste day, june "A, with public services
and a banquet.
The citizens Of Richford have sub
scribed $4,000 toward the proposed
overall factory at that point. The fac
tory will employ 80 hands.
Fifty thousand circulars descriptive
of St. Johnsbury are being issued
from the Caledonian office. They are
sent out by the Board of Trade.
Col. 0lin Scott, a past captain,
makes a proposition that he will give
one-tenth Of either s., 900 or $4,000
to build an armory for the Bennington
rifles.
A teachers institute for Windham
county was held last week at Bellows
Falls, under the direction of State SUI
perintendent Stone and County Exami-
ner Ryder.
An estimate places the amount of
coal which will be handled by the deal
ers of Rutland this year at $1,000
tons, Of which three.fourths will be
used in Rutland.
James Buchanan, the man so Sc
verely injured in the brain by blast at
the quarries in Barre, died Tuesday,
just seven days from the time of re-
ceiving his injury. Physicians bad re-
moved in all about ten ounces OF his
brain, and yet the man was conscious
and conversed intelligently until few
moments before his death, which was
painless.
Little Ruby Perkins, the Bridgewa-
fer girl on whose skull DIR. +. NJ.
Pond of Rutland is grating a Iew
scalp, is getting along nicelyI aud is
practically ont of danger. There has
been marked Improvement in the past
few days. Three-quarters OF the skull
is covered with healthy Skin. She sits
on the second story front piazza of the
Globe hotel at Rutland, where she
stays each day to get fresh air.
There seems to be veritable inan-
cial crisis in the West. The failure of
two large banks in Chicago, followed
Icy the rnmored suspension Of the
Northwestern Guaranty Loan Associa-
ton, has caused good deal of weep-
ing and wailing on the part of Yer
mont Investors. In point of fact, YER
moniers have been seeing their money
go out West and none of it coming
back for some time, and still they keep
right on investing in schemes which
their own good sense ought to show
them must prove failures sooner or la
ter. The origin of most Of the finan-
cial trials out there is due to the fact
that their rate of interest is, or has been.
higher than ours. and the business of
the thousand and one loan and invest
ment companies all over the West has
consisted in loaning money to the farm
ers at the rate OF ten to twenty-five per
cent. and when. one by one. the bor-
rowers found themselves unable to pay
these usurious rates, they abandoned
their farms and left the land on the
hands Of the loan associations ; and
as these associations were obliged to
guarantee both principal and interest
% the Eastern purchasers ofthe mort I
cages, they very soon found them
selves depleted OF their money and
oaded with thousands Of farms for
which they could find no buyers, even
1t the nominalrate for which they were |
nortgaged, averaging in North and
south Dakota, about s. per acre.
No business can pay such exorbitant
ates Of interest, as we have pointed
mt time and again and the Vermont
rs who would not profit by good adj
ice but continued to put their money
uto these shaky schemes, instead Of
INVESTING it here at home where it
would be safe and sure, even If it
hould promise smaller returns, deserve
% sort of svmpafhv whatever. We