Bellows Falls times. [volume] (Bellows Falls, Vt.) 1856-1965, 1896-04-01

in another column, from the pen Of a
prominent citizen Of this part of the
state, contains food for reflection. 1t is
worth a careful perusal even though the
reader may not subscribe to all the opin-
ions expressed.
Congress cannot pass the pending bill
restricting immigration too quick. In an
ticipation of its passage the steamship COM
panies are doing booming business. We
need no more cheap foreign labor. There
is not work enough now for our own
laborers at living wages, under the tariff of
perfdy and dishonor.
Here is news fresh from Josiah Grout's
home paper, the Express and Standard ::
"Major Grout has 1000 trees tapped
ready for sap when it comes, and has closed
his creamery and takes his milk to the
cooperative creamery" This settles the
matter; the major is genuine farmer.
While others were hobnobbing for office,
he was tapping maple trees and taking care
Of his milk.
The press of Vermont, without excep-
tions, speak in the highest terms of the
management Of the Central Vermont by
President Smith and his assistants, and ex-
pressed sincere regret that it has been
forced into receivership by circumstances
they could not control.
There is no question but that the vast
and complicated interests Of this railroad
have been managed with rare tact and
ability since f. e. Smith became president.
1t is equally true that the road has been
run in such way as to be a positive bene-
fit to the people Of this state, and the peo-
pie themselves understand and appreciate
it, as is shown in many ways by their ex-
pressions of sympathy at this time, and all
hope that the receivership will be but tenn
porary The Richford Gazette we'll says :
The receivershipping of the Central YER
mont Railroad company by the United
States courts has been the great surprise Of
the year, as it was generally supposed the
company was in fairly prosperous condi-
ton. And as yet there is nothing before
the public from which the conclusion can
be safely drawn that the corporation is in
an insolvent condition. The appointment
Of the president Of the company, Col. Ed
ward G.. Smith, as Joint receiver, indicates
the high confidence courts and creditors
have in his management, which has been of
the best character, so far as the public is
able to Judge.
AS near as we can learn the present en-
barrassment of the Central is largely due
to failure of the Grand Trunk railway
company, which has large interest in the
Central, to fulfill promises to furnish money
to care for a portion of the floating debt of
the company debt which the Central
management hoped to be able to carry un-
til return of prosperous times. That
President Smith and his associates have
been unable to meet accruing obligations
is no fault of theirs, but must be attributed
to the general business depression which
has SO largely and disastrously affected the
railroads of the whole country, many of
which have become hopelessly bankrupt as
a result of the close competition incident to
decrease in freights and passengers.
1t is a pleasure to state that persons in
a position to know much about Central
Vermont affairs are confident the receiver
ship will not be of long duration, and as
sert that the interests of secarity holders
will be carefully guarded. The Central is
so closely identified with the business in
terests of our state and has done so much
toward developing its industries that all
classes will be pleased that its condition is
such as to warrant the belief that it viii
soon be taken out of the receivers hands