Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1888-06-01

tOI DosIu ana OF tue executive OHlCtfs auu
directors for the years 1887 aud 1888 oil all
the associated companies forming the Tertni-
nal system, and especially In respect TO the
various matters referred to in the said ques-
tions, are hereby fully commended, ratified,
and approved.
Resolved, That the stockholders deprecate
and condemn the action OF those who have
ustlessly and unnecessarily caused general
meeting Of the stockholders 10 he convened,
entailing large expense aud Inconvenience
to the company, and who have uniustly
aspersed aud criticised the company's
methods, thus tending 10 depreciate It's
securities and 10 weaken the confidence OF
the community in It's management, which we
believe to be sound In every respect.
OFFICERS.
Mr.. Lauterbach asked the conf nation OF
the election By the Board OF Directors OF
Sir. John II. Inman as president OF the
Terminal Company ln place OF Mr.. Sully, re-
signed.
SIR. Rice objected to the form Of the mo.
ton and seemed disposed to think the action
proposed unnecessary.
The Chair said that It would do no harm
10 roeect the president though he may have
been already elected by the board.
Nominations were then opened. Mr.. Lau-
terbaeh nominated j. II. Innman and Mr..
Rice nominated f. p. Clarke.
Mr.. inman was elected.
For the two vacancies on the Board OF Di-
rectors Mr. Lauterbach nominated W. ;.
Chisholm and J. &. Calhoun.
Mr. Rice nominated William Libbey and
John Hone, Jr.
Chisholm and Calhoun were elected.
BYLAWS.
Mr.. Lauterbach submitted a series OF by
laws which had been prepared. They were
In usual form, said he, and as no bylaws
bad been adopted he thought 1t proper to do
2 now.
Dir. Rice, Of course, objected. He did
not know what the book contained.
Mr. Lsuterbach said that they were all
right; that they had been prepared for sdop-
tion long before there was any thought OF a
contest.
They were adopted by stock vote.
WANTED THEM TO RESIGN.
Mr.. Lsuterbach said that some officers OF
the company who held positions in the assO-
ciate companies by reason OF their connec-
tion With the Terminal had not resigned,
and he moved that they be asked to do so.
file referred to Messrs. Emanuel Lehman and
Alfred SuIly.l
Mr.. Rice objected, and Moior Scott also.
Tho latter said II would be out Of order and
unbecoming TO ask the resignation OF such
officers.
The Chair deemed the motion a proper
one TO consider.
Mr.. Lau,erbach altcred his motion so as to
make It that the Board of Directors he re-
Quested 10 procure the designations OF those
who were on boards OF associate railways by
II MI 10
Terminal, but who had resigned their posi-
tions IN the Terminal. Agreed to.
Mr.. Lauterbach moved to take recess at
this hour 4:4O) for fifteen minutes. He said
his people were in communication with New
York and thev wanted to ascertain il 1t was
desired that the meeting adjourn sine die or
Until some fixed day.
The motion was carried.
When the time had expired Dir. Lauter-
bach moved to adjourn sine die and the mo-
tiOn was carried.
ATTENDANCE.
The meeting was better attended than any
meeting OF the company in several years.
Among those present we're: hcSsrs. George
+. stone John A. Rutheriurd, Edward Lau-
terbach, Edgar NJ. johnson, William Libbey,
Isaac L. Rice, Judge William J. Robertson,
f.. ID. Christian, j. II. Powell, General I.
NJ. Logan. John p. Branch, and M9ior
Frederick X. scott.
PERSONAL.
Mr.. Inman, the president elected, ia Of
the firm OF Inman. swan & Co., large cot
ton-men, who have houses in different parts
OF the country. The two new directors
were originally southern men, Calhoun
comiog from South Carolina and Chisholm
from Georgia. Both now live In New York,
where they arc interested In vast railroad en-
terprises aud southern securities.
Most OF the New York men left the house
fer the meeting and returned home on the
c:20 train.