The Windham County reformer. (Battleboro, Vt.) 1876-1897, 1896-05-22
THE CENTRAL VERMONT TANaLE.
Judge wheeler Holds Firmly to the Re-
cciVership Principle Another Hearing
al I,rnttIebOrO Next Friday Afternoon.


Several more questions growing out
Of the Central Vermont receivership
were passed upon at Il session of the
United States circuit court at Windsor
Tuesday, The petition for paymcnt of
interest on bonds of the Ogdensburg "
Lake Champlain road, of which Col.
b. b. Smnlley is president, due April
|. was argued by Lawyer Swayne of
New York and resisted 10y {. NJ. Wilds
and b. +. Fitied, attorneys for the
road. The latter showed that the Cen
/ trail had so, 000Iof cash and cash assets
when it fell into the receivership. 1t
now had Sl0l, 900, from which $685.
must be deducted for labor due and
S2l, 900 for supplies furnished, indicat-
ing that the road is not making any
thing. Judge Wheeler ordered that
the net proceeds of the Ogdcnsburg
and Lake Champlain roadbed ascer-
tanned and set apart by the receivers,
and not mingled with the other money
OF the Central Vermont.
The receivers petitioned for an order
to purchase certain bridges, rails. cars
and ties, which was opposed by Henry
Hyde of Boston for the American Loan
and Trust company, trustee OF the
holders of the consolidated bonds
The bridge would cost 81, 600, the rails
s73, 900, the cars sos, 00o and the ties
$50, 600: the necessity for them or the
prices to be paid had not been shown,
and as the receivers had no money to
pay for them. the only way would be to
issue receivers certificates, which
ought not to be permitted Mr.. Hyde
suggested that the receivers file an in
ventory of the property of the road
when they took it. with reports of the
business being done, and also that they
be forbidden to make purchases with
out serving copy of these orders au-
thorizing such purchases upon the
American Loan and Trust company
and upon c. p. Searle, the attorney for |
the floating debt holders, thus giving |
these different classes Of security hold |
ers an opportunity TO be heard. The |
court so ordered.
An order OF notice for the reforming
of the order OF appointment of receiv
ers was filed by Mr.. Hyde in behalf of
&. p. Seare. He asked for Il change
in regard to the payment of certain
claims of traffic balances of the Grand
Trunk company and with regard to
certain other matters.
In the matter of the Rutland rail
road the receivers were ordered to ac-
cept SO, 600 held by the Clement Ma
tional bank as trustee and which has
been rendered to the receivers by the
bank. without prejudice to the rcceiv
rs or the bank in regard TO any other
claims between the bank and the re
The court also ordered the
payment of 500 600 To the Rutland road
N account of rent.
There will be another hearing on
Central Vermont matters before the
'ircuit court at Brattleboro May - al
pm. j
While the future management of tn.
)gdensburg and Lake ChampIain road I,
vas not definitely settled, the receivers !
md the bondholders were agreed that !
t would be for the best interests of all =
hat it should remain in the Central's !
lands if the rent can he paid.
Decisions in the following cases were :,
anded down IN the afternoon: Ed :
Yin l.. Foster. receiver. VS. Lincoln !,
t ais, decree for the plaintiff: Boyd =
wing, receiver VS., Burnham, motion :
Frank Dudley vs.. United
,tates, classification reversed. The
ase of Blood ys. Brown ct ais. 4
anne on for trial yesterday morning al :,
O'Clock, to which hour the court was y
diourned. :,
TIE grand jury reportedlt hree indict- :,
tents Wednesday. The jury gave :.
erdit of -. G5l.33 in the case of Blood I
Brown ct ais. Arthur Brown of :
udport was sentenced to 30 days i'm d
risonment for violation of the posta =
Tvs and Peter Frezzetti to a months :.
IMPRISONMENT and 500 fine for viola.
on of the revenue laws. T.