Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1886-11-20
THE DANVILLE ROAD.
Z II. LOGAN, JAMES B. PACE, And "A 9.
suLLY PuRcHAsFRs OF IT.
The Scott People sell $4,000 Shares at
S250-A Great Sale and It's
Consecuencet

Tor some time past the Richmond and
Dauvi'ie Railroad Company and the wes
Point Terminal Company-the former
really the parent 81 tho lstter--hsve not
been OF TIE most aficctiOnate terms posi-
pic, and There wns fear fhst at the auuual
meeting oi ihe Terminal Company, RdTer
t-od % he held 10 this city Yesterday. 8
iond would he elected hostile 70 TIE Dan
Vie. The Terminal Company. however.
mH and adjourned for q week ''iOr want
o. q quorum" The people with big blocks
% stock had ahsCntcd themselves, and for
s. time shore was some wonder here as 10
the reason why. Before the day was over.
however. ieiegrgms rame pouring 10 from
Ntw ofk that The Logan interest, which
had gained control Il tho Terminal, had
ai~o secured a @iority 0f stock ia On,
( NguViC Thus She Two Interests were
blended; thus was The speck o. war dissi-
patod
For T. chmund peops the news had had
/ @ ~. sifr ben. lntfreF. ina-m much as the an
uCuucela,ul was that the new purchaser.
- The Isaf ie were A. :. Sully, 7. NJ
Logan. nn0 >. p. Pace-tbe Two latter Ell.
zcns ~ RiciH ond and IN ecery ws+ ioen-
titled with trc prosperity 0i our city, and
/ hgyinc ae their asSociates here. il j. sad.
I NajoT James II. Doolcy and T. D. Chr.
tau.
pERq0NAL.
Mr. Sul'y is railroaG-Inau who Ia, made
g crca; marx N recent ycars and who di-
| tiurui.hsd himself for thr ability which he
/ 0i.QisvcG "a the p Organization OF Tho Read
/ iul Company.
Genera. Logan. q native Of South Caro-.
I Una, bU ever since lhs WAY q citizen o.
This staie was q Confederate brigsdief-
| genera 90; twenty .oue years Oi are. II Wa
! t1c brain and pluck Oi Butord and Logan.
/ and those who were then acting with them,
| frai cr-al .zed The Dauviiie system: tL1t
/ Ua3c Of o local road tee great power ihat 10
/ is. IN thf crtsn o. lSs2 General Logan
/ suffered terribly IN fortune; but he kept on
Al vcIE. Laucriy be ha. made money
/ :Eain. il was his organization that cot
! possession ~ ,be Terminal. and through II
/ hroueln about yesterday. purchase. Gen
/ efa, Logan VIII DOW douhtlrss again com.
/ 70 'ht front in The active management Of
/ to- NaryiIc system.
Nr. Pace ], fhe wcalthleSi man 10 Rich
/ moud, and one uf The riches, I'm The Sia5e
! Hc l. probably worth S2010, 900, una j. iu
{ the prime o. lie. iuil 0f luck and pluck "
/ n, uss heeD q valuable citi2an % Rirh-
! moud, and ], now in position 10 be more
/ valuable than ever before.
nANvuLE STOCK.
Tho Dauyipc sock consists o. $1,000
| .uarc- a1 1900 each Previous t0 yester-
! Csy ;be Logan marty had acquired. % is
sac. about $4,000 shares. hui the scott
yntiasie hcd $4,000 share. ir SOHO I
I I'.E. aid INSISTED upon selling vi % nou'.
Logan. Pace. and ~ui'y. and their a,.
-u..ai... vhotsFr They aye, agreed o. buv
'h, -'.unv suarc,. iu' which they paid t43l
share. of Sa.11H.UJ0. four New 1rk |
telegram received late hsi night indicate, |
tt.i tlt rrIce us,d wa, not above $500 |
Ifa. th, Iarvi.ls and the Tcrmtua come
together a-Aiu n ths closest possible rr.s- |
uoas.
WHAT 70 NEAXs.
Ths fur.hees iusuro- fbc ANS lcamati1r |
oi tat ouct, 0i the Richmond and Dan
ViIt.rl Terminal Companies. ans 70 3. !
believed that oue common stock viii DO i-- /
sucs 'ar cacl IL also rusrgutea, the mi. /
ura'or ~ 49, ,rtire system 200 mile, ~ 4
cra.t and avoids Ci',ute grafton. wLicf /
$50. feared. and about which fu.r. We /
-ll.t l.L-tr u llI. purchase laI not b@ 4
ust,. iti~nov hoped lE all oar peeP P.czua /
r'..'.5 ty .'me Ir good position g. tu-w /
fr.u Washington 60 lnclmand.
r.rE, GoaAS, AE1 ~,IIY.
Colonel Elrord. M Paca. and General /
Logan vsr. 4I in New lorA YESTERDAY. 1
s.c . va, up, possible 10 ascertain h-re 4
.L. .re .-~,s.afsl vita Pace. Logan. au0 /
~U.t 81. .a-.T purchase. hut ii j. bEIc}rI /
1.ttbet ar. backed In and sre associated
vrL uutl 1 Mru OF great means. suca O..
e.Hr- ~..ne ara lho E1eAle.der-.
lt', supposed -aa tht new pur hlser-
ar. frl.rc- H Colonel Eu1r3. and tla.
'.ly v.U r.H.n Do. V..uahi. service, .r 7
-D..' i.-t O.. lae'N.
Tsula4. sock wen ui yesterday &, C1-
I-r r0,uty-ilgr hsur-.
Ilf I.ry.It sl.k, which sold yes;.'-
d.V 81 go -taa, is io sa5, e1m' Oi inn-t
-r.----Utrt Sold Iu I-s4 - 81, The aFe-
.a-t I"cs arou, ,l.f t.ms dIl u,t. indeed /
,1rr.l G-s tut -iD.. ut year tus s.p-,
t.. several lme, changed hands. anC c~ue-
% r a. steady advance.
the NeVstn NeV orE.
Tu- I.,Jg ot's New o~t co-re-pou leu;
.,I,rrara-. Hs; night q, follows.
IH. movement iu Richmond and Wp-'
T0I- Terminal. vli~t tae turroe-"i a..
attention of Wai s.rrei throughout tle
week. Developed Hto genuine sensation
t-t.'. IN. .ur' parties 10 lH.eres. he.l
. lengths conference Yesterday. t8. fe-uI
oi Winch was the sae oi 2l.e1l share. %,
ra, .t,ct of tht Richmond ana DauviIe
raad 90 lbo~t now ID control of The TERM
ua con gaI,. which Siy,> the LATER tIe
u,uc, haul il hotl properiie,. j. l- uu.
d.r-faoa tA-, the price paid ior t1e olpob
0f stDci Ua, abru, s.p.. although muct
higher 1-Jre Wa, uamto on thr street tae
~'aI card OI Company ana theT friend.
l..ic DOS l iuI possession.
VIGOROUSLY PUSHED.
The work of advancing Terminal stock in
3d.. market va- vigorously pushed and tAf
price. viii uo ,up1rtau- ~eI-auck 90 spcat
..f. aIr.uceI from S4--ttf price a. Whcs j.
.0rs-rit.U-fn Gi. closing al tnf highest point |
Tl- tfaneaatlau- Aggregated 0v"r 100, ,Gh
aDs.t~. so that uo't than - % third. 81 thr /
,r.ir@ cap. 4l stock were traded iu during |
,ho dav. Il', j, tht elimination oi series 1i |
conference which have been held f0T SOM
iImt Vn-t. End concerning which rumprs 1f
various SIND, have n,eu circulated. When
tbc ,yuGicaicrov iu control o. the Iermi
nal 4iock FIRST commenced huyiug quietly |
Nal stree WIS full ui conflicting St0rie,
concerning the purpose II the move that
was being maGc. IL "as then given ou' !
sctn,-ofilciauv 90 the public that syndicate
had been formed 10 take Up the floating |
dcid % the Terminal Company and put 90
o. 10, feet independent Of the Richmond |
aud pauNile road.
NlKETEs OI TIN SYNDICATE.
liza few days the names o. the pembers
- fhe syndicate became known, and
lroxie. were ssked for 10 be used ia voting
Iof these met al the coming election. Cniei
among them were Alfred Sully, who ai-
fa,usd prominence by reason % his cOnnrc
non VIII the settlement thai was made TIM
autumn between the two REORGANIZATION
cliCue> OF the PhiEdelphis and Reading; |
l.. Lehman, Q wealthy cotton-merchani and
iroL.r; l.ssc /. Rice. George T. stone.
auo J. A. Rutherford, al men well known |
~ TIE financial world. II 70 hi, point |
tn.-1 h.a l.-afl IL trIllATnr ~ any frnns.e- |