The Barre daily times. (Barre, Vt.) 1897-1959, 1916-10-05
OBJECT TO REORGANIZATION
OF Boston & Maine r. r. Under Present
Arrangement.

Rutland, Oct. 5.-Strenuous objection
to the reorganization of the Boston &
Maine railroad at present under way
with the guidance of the president of the
road and receiver under the district
courts of Vermont and Massachusetts,
James IL. Hustis of Winchester, Mass,
was the basis of the argument of Atty.
G.. Croker of Boston before Judge Har.
land B. Howe in United States court yes.
terday. Atty. Crooker, appearing for
the Boston Minority Stockholders Pro.
teetive association, seeks to intervene in
the receivership case and also intimated
| in court Tuesday that il he obtained a
standing in the court he will ask for the
release of the receivership.
| Atty. Clark C.. Fits of Brattleboro,
lappearing for Judge Tyler and number
of other small bond and stockholders,
moved yesterday morning for the ap-
pointment of a coreceiver and this was
argued at length both by the Brattleboro
attorney and the Boston attorney, Judge
Howe Tuesday intimat ting that he did
not wish to try the Vermont branch OF
the case before the facts are heard in the
Massachusetts court, where the petition
was first fled
The interests of the directors of the
defendant company and of Receiver Hus.
tis were looked after by AttTs. John G.
Sargent OF Ludlow and W. B. c. Stickney
of this city, who opposed the appoint
ment of a eoreceiver.
Atty. Croker again stated his claims
as to the mismanagement of the road,
while Atty. Fits called the attention of
the court to the money matters of the
road With more than s14.00O,Go0 in
outstanding notes and over Sl0000000 in
cash in the Golfers of the railroad, he
said, the directors refuse to pay any of
the notes.
Atty. Fits in seeking the appointment
of coreceiver said he did not question
for a moment the ability or the honesty
of Pres. Hustis, but he did think he was
a part OF the reorganization, that he was
friendly with the majority Of stockhold
ers and that he was thus. preiudiced or
biased in his stand on the coming reor
ganization of the road. Atty Fits
feared the road would under the admin
of Pres. Hustis spend enormous
sums Of money.
Atty. Stickney for the receiver pointed |
to the fact that within the past two years
the road had made immense profits and |
that it would be only question of time |
when the road would be able to meet all |
its financial obligations. Judge Howe in
timated that he thought this scheme
would work out in time, as long as the I
was a paving proposition and /
the opposing interests had no objection
to or did not question the ability Of the
present receiver.
Atty. Fits in presenting his motion
the name of Martin H. Brown
of Wilmington, big lum Der dealer, as
coreceiver. Judge Howe
questioned the adyisability of naming
another receiver, who might be in direct
opposition To the present receiver. and
especially a man not familiar with the
-ailroad work and management.
The petition OF the Boston creditors
'or right to intervene in the case of
he rntereontinental Rubber Co. against
he Boston & Maine, in which the plain
iff was successful in having receiver
appointed, was held in allegiance by /,
Judge Howe, who intimated that he
would not allow the motion of Atty.
Fits for the eoreceiyer.