Year: 1873

"es thc appHcatlon OF the receivers and
managers Tor permission to turn over the
property under their charge as such to new
receiver, namely the Central Vermont Rail
road Company, and because Of the prantine
OF this request the Court of Chanccry has
been most fereely attacked by certain of
the newspapers of this country. and some
OF the astute wielders Of that implement of
warfare which Is ''mightier than the
sword, have managed by course of rcas-
oning more profound than either sensible ar
logical to drag in and yilify the whole Su-
preme bench Of this State Let US look at
the matter for a moment, merely suggesting
IN the outset that although the practice in
other States may be, and in many instances
doubtless is, different. it has always been
looked upon here as proper for courts to
render their decisions upon the evidence and
| arguments brought before them in their in-
dicial capacity only.


Objections were made to this change in
management by the Vermont and Canada
Railroad Company and by certain bond
holders, substantially upon the following
grounds;


Eirst-That the Central Vermont Rail-
road Company was not party to this suit,
and that 1t was improper for the outgoing
receivers to nominate their SUCCESSORS.


Seeond-That they 1.-THE objecting par
ties) were ready and willing to nominate
successors to the then incumbents
| Ihird-Ihat corporation ought not to
| be receiver.


| 1t was shown to the court upon hearing
that the then receivers had, for MANY
reasons, become unable to administer ,he
| vast trust estate under their management
IN manner to best meet the interests Of
all the parties concerned that they We're
unable TO command the funds necessary
| Tor its conduct and Development, and that
a change was Immediately and impe-atively
\ demanded. The court found that the Leg
/ lsiature of Vermont had created this eorpO-
ration and had nominated il for appoint
ment by the court to the receiverstip Of
this trust estate with view TO its ulti-
mate removal from the custody Of court
harassed and yilifed of necessity and from
the very nature of things by its admins
tratiOn. and the court saw Fit to recognize
this nomination, and upon the evidence to
make the appointment IL removed from the
possession and mana cement Of the property
the former receivers and managers without
impairing by one jot or title their respon-
slbllitY to the owners Of the trust estate for
all their acts. IL ordered the settling of
their accounts in fall and leaves them open
to inspection and objection, holding these
officers IN its direct custody and under it.
orders until the last iarthins i settled and
accounted for. Ii places the new company
precisely in the same position which the
old receivers occupied a. regards its ac-
countability and responsibility and under
bonds of one million dollars a an addition
al security for the faithful discharge Of it.
duty.


This Is the - corrupt Vermont court, - the
slave and tool Of the ring monopoly


ha. a 1
enter upon the merits of this contest outside
Of the courts. lie does not enter in any
wise upon the question whether citizens of
this State who have always hitherto pos
sessed the respect and confidence OF the peo-
pie, have suddenly developed into villains
and thieves, or whether the wires which
rule and order this contest are pulled by
Stockholders and spectators, whose names
are only known IN the circles Of finance.


But he i persuaded that we are now for
the first time in a way to find out the truth,
and when in obedience to the order Of
the court the accounts Of the outgoing re-
ceivers and managers are presented for set
tlemcnt, the real matters at issue will be
fairly and squarely reached, and he believes,
with every true Nermonter, that in the courts
of this State, traduced by venal and hire
ling press in vain against the testimony of





any tribunal under Heaven those who have
IN any wise been wronged will find justice
both quick and sure.


Here at home these ISLANDERS upon our
judiciary will he received with the con-
tempt they merit, but when within our own
borders are found men sitting in editorial
chairs. whose eyes should be undazzled by
any yellow glitter, pen and publish IN
blushing assertions that our Judiciary de
partment Is corrupt and rotten, the tool of
a despotic railway monopoly; that Homer
E. Royce has been bought with a price and
that Timothy p. Redteld as a matter of
courtesy assented to and supported de-
cisiOn he knew TO be unsOund and corrupt.
it Is time, for the honor Of our State abroad,
it is time for you, true members of the Yer
mont press, and every one of you, boldly,
honestly and faithfully to speak.


VERMONT.