The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-03-21
THE RICHM TERMINAL
THE FIGHT FOR CONTROL A TRI-
ANGULAR ONE.

One of the Factions Said to be Anxious
to Get in Power in Order to Unload
the Georgia Company's Stock - A
Move for Norfolk.
NEW YORK, March 20.-The Richmond
Terminal squabble wakes hot and has re-
solved itself into triangular fight, one
side of which is said to embrace Alfred
Sully and his immediate friends, who are
bent on continuing him in the Presidency as
practical Endorsement of him personally
and his administration. The second side is
represented by Isaac L. RICE, William Lib
hey, e. w. Clark and their associates, com
posing what is called the new party now
striving for control. The base OF the tri-
angle is majority of the present directors,
presumably including Gen. Samuel Thomas,
Calvin S. Brice, John II. Inman, George S.
Scott, George +. Stone and others.
STRONGEST AT THE BASE.
This is Wall streets classification of the
various factions, and if correct it is safe to
say that the triangle will p.ove strongest at
the base. The new party promises to pub
llSh within few days their ticket and
simultaneously to lnounce their platform,
Doth OF which they say viii appeal so
strongly to all stockholders as to insure
their victory at the election they propose
having at the contempt ted call meeting.
lhey say several of the present directors
VIII be on their ticket, and that their man
for President will be thoroughly acceptable
to all concerned
AN OUTLINE or THEIR POLICY.
They outline their desires as follows: can
administration that viii honestly strive for
r. nf be al
and protect its securities against stock job
bng IN nipuations and other Wall street
practices, and a policy that will harmonic
all the great Southern railroad systems,
notably the Georgia Central the Louisville
and Nashville and the Fast Tennessee, Vu-
ginia and Georgia"
This last end they hope to attain, not by
consultations, but by an equal division of
territory that will check the present tend
ency toward Improbable competitive rail-
road building.
HIDDEN MOTIVES.
This certainly looks fair on its face, but
in some quarters it is suggested that the
virtues of the programme are all on the
outside and tina. behi ii the avoWed policy
are motives quite designing. For instance,
the theory is advanced that the move is in
the interest of the Norfolk and Western
railway, which idea is the more plausible
because f. w. Clark and William Libbey
are said TO be largely interested in the Nor
folk and Western. If this is true it would
naturally preju lice the cause III Georgia,
since the ultimate object would be to divert
traffic from Atlanta and Savannah to
Norfolk
AFTER THE GEORGIA CENTRAL.
Another suggestion is that this new party
Is bent on getting control of the Terminal
company with the idea of selling to it a
controlling interest in the Georgia Central.
This theory gathers strength from the fact
that Isaac L. Rice, e. w. Clark, H. B. Hol-
Inns, Emanuel Lehman and one or two
others, who are said to be in sympathy with
the new Terminal party, are also members
of the syndicate that owns majority of
the Georgia Central stock
Gen. Thomas and Mr.. Brice are travelling
in Florida, and thereby escape the present
lumpus. John H. Imam and George S.
Scott are here, but both decline to discuss
the matter.
A WONDERFUL IMPROVEMENT.
The latter is devoting himself to his duties
as President of the Richmond and Danville
road, and his able management is working
marvellous improvement in that COM
pany's affairs. Since he took charge
he has cut down the current expenses
over 81, 600 a month, and reduced the float
ing debt from about 800 COZ to $235, 900.
He saws the ear iings of the Richmond and
Danville are entirely satisfactory, aud that
if there was complete harmony in the
Terminal management he verify believes he
could pay all the fixed charges of that COM
pany from the net earnings of the Rich