The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1898-10-26

It be till o'clock to allow the members to
visit the State fish hatchery.
Killed.-H 80, to amend Sec. ABB, 4741
and 4742. Chap. 1893, V. g.. relating to
psddlers.
Read Third Time and Passed.-H. 70, to
amend act OF 1890 Incorporating village OF
Bradford.
Third Reading Ordered.-S. IL, fixing
term for holding County and Supreme
Courts. 8. IL. to amend form of County
Court writs. s. 10, an act in addition Sec.
1900, " s. 8. Z, to continue State Normal
schools at Randolph, johnson and Castle
ton.
Senate Bills Referred.-s. 8, relating to
pay due deceased soldiers OF the war with
the Kingdom Of Spain. Com. on military
affairs.
On motion of Mr.. Sheridan OF Highgate
the House adjourned.
HoUsE-AFTERNooN.
Bills Introduced.-H. 146. by Mr.. Ballard
OF Georgia, to aid the continued operation
or reorganization Of the Central Vermont
Railroad Co. by refunding it's indebtedness
or otherwise and for other purposes. Pre-
amble sets forth that road appears to be
insolvent and threatened with foreclosure
and sale to highest bidder that no present
legislation covers such disposition OF the
property; that duty rests on Legislature
to formulate laws that will enable continu-
with enforcement OF all lawful contracts
and just obligation to creditors and other
interests and with the public interests OF
the State; that 1t is unlawful for any alien
| company to acquire any railroad properties
in the State; that 1t appears that an alien
company has acquired mortgages and mort
gage bonds OF Central Vermont railroad
and proposes to foreclose and acquire the
property against the law and to the extinc-
ton OF many Judgments, and unsecured
claims; that said alien company has avail
ed itself of knowledge obtained as stock
holder in and representation on the di-
rectorate of said Central Vermont Co. and in
its offices; that further legislation appears
to be necessary to preserve and safeguard
the public interests in said property and
the franchises thereof for the loyal and
domestic service. The proposed legislation
makes it competent for any court with
proper Jurisdiction under foreclosure pro-
ceedings to entertain intervention by any
creditors holding claims of not less than
| 100000 also to inquire as to proposed plans
of reorganization and take steps to defeat
| the same IL unlawful; also to hold that the
benefit of any arrangement for reorganiza-
| ton based on knowledge acquired in any
position of interest in said company shall
nure to sal d Central Vermont and if there
by said companies shall appear to be rem
dered solvent, them by suitable DEGREES, to
carry such arrangements into effect to en-
able other interests to avail themselves OF
benefit thereof in inverse order of priority
or that the benefit of such arrangements
/ may be subjected to competitive bidding for
right to assume burdens thereof for benefits
to be derived thereby; that If neither of
these plans appear to be practicable, 1t
shall be the duty of the court to refer the
cause to a special master or masters to for
mulate plan of reorganization or refunding
by Central Vermont of its Indebtedness for
submission to the various interests through
the court and upon its acceptance by ma
| jOrity in amount to issue decree effecting
the same, provided that no majority inter-
est shall be controlled by any aliens or
| alien company, the ownership or contract
of stock to be determined upon oath; that
the Governor Of Vermont may appoint extra
members Of the board of directors of said
company equal in number to 30 per cent OF
the number of the existing board, who shall
have equal voice and vote with other direc-
| tors; that no company controlling said
property shall enter into any exclusive
traffic arrangements with any other COM
| pany without consent Of railroad commits
sioners; all OF the references to said Central
Vermont to include its leased lines and
| branches; that in event OF sale under for.
| eign jurisdiction the purchasers shall exer-
else control only as far as consistent here.
with and some may be modified or an.
nulled as may be required to conform to
the operation herewith on application OF
any party in interest to any judge of the
| u
Fl. 147, by Mr.. Colby OF Victory, to amend
No. 56 session laws OF 1896, relating to reg.
| istration of births, marriages and deaths
Joint com. on public health. FL. 148, by
| Mr.. George of Rockingham to Iegalize the
grand list OF the town of Rockingham fol
the year 1898; com. on grand list
II. 149, by Mr.. McGeary OF Burlington, to
legalize the grand list Of the city of Bur
lington for the year 1898; com. on grand list
II. 100, by Mr.. Hollister of Marshfield, tc
legalize the grand list and quadrennial ap
praisal of real estate in the town of Marsh
field for the year 1898. Com. an grand list
II. 151, by Mr.. Harris OF Bennington, tc
incorporate the Bennington Trust Co.; com
| on banks.
H. 1852. by Mr.. George OF Rockingham, te
amend Sec. 1896, v. S., regarding cemetery
commissioners. BOARD may deed lots or
which tombs, centographs, and other mon
uments may be placed. Said lots to be ex
empt from taxation.] Gen. com.
III. 1853, by Mr.. Hale Of Lunenburg, ex
tending authority and power Of the railroad
commissioner. They shall keep posted al
to the manner in which the railroads of the
State are operated with reference to the
security and accommodation of the public1
Com. on railroads.
Read Third Tme.-H. 76, to provide fol-
the purchase and display Of United States
flags in connection with the public school.
OF the State. On the question of its passage
Mr.. Swasey OF Barre city and Mr.. Davis O
Mendon opposed. Mr.. Butterfeld of Derby
and Mr.. Tillotson Of Bakersfield favored
On motion Of Mr.. Peet of Cornwall the bill
was ordered to lie.
Joint Resolution Adopted in Concurrence
to pay the futile Company the sum therein
named.
On motion Of Mr.. Butterfield of Derby thu
House adjourned.
|
Washington.
Mrs. Betsey Thurber had very bad day
| 2unday