The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1882-04-13
The Terminal Company.

The Richmond State gives the following ex-
PLANTATION of what the Terminal Company
means, which furnishes the public with the
comprehensive system of railroads under the
control of the Richmond and Danville railroad
company:
When the Richmond and Danvlle Railroad
Company, a little more than two years ago,
entered upon its career of development in the
South, it was found that its charter was mad
euuate to the accomplishment of its great de-
sign. The plan of development conceived by
the gentlemen who controlled the Richmond
and Danville railroad, embraced the acquisi-
sition of the control of great system of roads
which, having Richmond and Baltimore for
their base, should extend to the South and
West as far as Augusta in the South and
Texas in the Southwest. But the roads for
the most part could be controlled only by pur-
chase of the capital stock of the corporations
The Richmond and Danville railroad could
not have the right to purchase such stocks.
In 1880 the gentlemen controlling the Rich
mond and Danville railroad obtained from the
Legislature ofVirginia charter incorporating
certain persons under the name of the Rich
mond and West Point Terminal Railway and
Warehouse Company. This corporation,
briey and commonly called toe Terminal
Company, was endowed with the right to pur-
chase or acquire the stocks of other railroad
companies, and other railroad companies
were authorized to subscribe to its capital
stock. 1t was organized with a capital stock
of one million dollars, of which 81 per
cent. was taken by the Richmond and Danville
Railroad Company. The Danville Railroad
Company thereby acquired control of the Ter
minal Company, which control it still retains
and will continue to retain.
IL
ization proceeded to acquire control of the
majority of the stock of the Charlotte, Column
bia and Augusta, the Columbia and Greenville
and the Western North Carolina railroads, in
North and South Carolina; the Northeastern
railroad, in Georgia; and the Richmond and
Mecklenburg railroad, in Virginia. In order
to build the Georgia Pacific road, which will
connect Richmond with the Texas Pacific and
with the New Orleans system, the Richmond
and Danville Extension Company was organi-
zed with capital of $4,000 000 The Termi-
nal Company. acquired a majority OF stock in
the Richmond and Danville Extension, which
will enable it to control the Georgia Pacific
Company.
1t afterwards acquired by purchase ma
jority OF the stock of the Virginia Midland
Railway Company. 1t also owns majority
OF the stock of some railroad companies OF less
magnitude. 1t will thus be seen that the Rich
mond and Danville Railroad Company, own
ing the majority of the stock in the Terminal
Company afterwards increased to $4,000, 900, |
and now about to be increased to $4,000 ,OO0) |
controls this great system of roads, aggregat-
ing about $500 miles, and forming complete |
and harmonious whole. By this control it is |
enabled to pour through Richmond and Vir-
glnia volume of trade which, although vast |
in proportion to anything heretofore conceived |
Of by our people, is roally nothing in COMPARE
son with what may be expected in the near
future