Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1905-10-05

OF 81 each, and the whole of these 10000,
600 shares were turned over TO the Minera
Lands company in return for the proper
ties which that company claimed to hav'
acquired for 80, 600, less organization ex
penses. That is, for property worth at thu
outside 1000. We cannot suppose thai
anyone lost money by the sale to the Min
| eral Lands company, for that company re-
/ ceived sl0.000,00O worth of stock in the
Corson company, so that upon the basis OF
/ the actual value of the properties when
they were acquired, the capital stock OF
the Corson company should by simple
mat hematical calculation be worth some
thing less than three mills per share.
'sThus the Corson company was
launched with 100000 shares OF stock,
having par value OF 81 each, which are
worth in fact less tnan three mills share,
ana this is the stock that Mr.. Morse was
induced to buy for 40 or 80 cents share. I"
The defense claimed that Mr.. Morse was
an agent of the company and paid nothing
for the stock he had, it having been given
him in return for his services.
The suit was brought to recover $500,
and the jury's verdict held all the directors
responsible, as claimed, with the excep-
ton OF James b. Remnant.
Proposed Union of Two Churches.
The joint committee representing the
Christian and Congregational churches of
Randolph, appointed last spring TO con-
slider and report concerning the advisable
ity of union OF these two church bodies,
held a meeting in DR.. e. o. Blanchard's
Office last Friday evening, the purpose of
which Nas to receive and act on the re-
ports OF the several sub committees to
whom had been entrusted different de-
partments Of the duty in hand.
The report Of the committee on manual
and bylaws was first taken up. 1t provid-
ed that in case OF union the covenant and
bylaws formulated by the Congregational
national convention at a recent session for
the guidance of new churches be adopted.
The form of the covenant was found to be
almost identical with that OF the Christian
church OF Randolph. This report was
unanimously accepted by the joint COM
mittee.
The report OF the subcommittee on or
ganization and property was next consid-
cred. This committee found that union
OF the churches was desirable, and pro-
posed the following basis and method for
attaining it:-That new church be or
gained, to be known as the Bethany
church OF Randolph; that this church
should be a Congregational church and
affiliated with the Vermont Congregation
al conference; that the membership OF the
new church should consist OF all the pres
ent members of the two churches who do
not signify desire not to become mem
bers thereof previous to the date OF organ
ization; that to this church when formed
each OF the existent churches should con-
vey its buildings and property with the
following conditions as part of the con-
veyance-that church services be held al
ternately in each church; that neither
i ~ IWNW n
religious purpose; that in case the church
or property of either OF the existent
churches should ever be sold the proceeds
thereof should be kept intact and the in
come thereof used for the support of the
new church that the question of union on
the basis proposed should be left for the
decision OF each church at meeting
thereof to be held on the same night; that
a two-thirds vote of each church favorable
to such union should be required; that IN
case such vote is secured the union be
effected, the new church organized and the
property conveyed to it on Jan. l, 1906;
that due notice OF the proposed action,
with full terms thereof, should be given to
each member of both churches prior to the
date of the church meeting.
This report was discussed at length and
finally adopted, two members only OF the
entire joint committee dissenting, one of
WHOM GODsiutE6u lut uuton LhuNiehblS
and the other objecting to the arrange
ment IN regard to the church property.
An amendment was adopted providing
that church services must be held alter
nately in each church for an indefinite
period or until, by a two-thirds vote of
the membership of the new church, some
different arrangement should be made,
also that neither house Of worship should
be sold except by two-thirds vote.
The date OF the church meetings at
which the proposition Will be acted upon
was fixed for Monday evening, Oct. 23d.
The reports OF the subcommittee on
music, on Sunday schools and on finance
were adopted unanimously.
There were present at the meeting Rev.
c. II. Merrill, field secretary of the YER
mont Congl conference, who gave the
union movement his hearty endorsement,
and Dea Lewis Fish, for Il years menu
Der of the Christian church, who also
favored the union.
The Cong'l church has been without a
pastor since last winter, and the two
churches have been joining in Sunday
services since that time, which
have been held alternately in the two
church edifices. Rev. Fraser Metzger, the
pastor of the Christian church, officiating.
These joint services have been largely at
tended 1t is probable that the new
church, if formed, will extend call to
Mr.. Metzger.