Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1889-12-10
THE TERMINAL MEETING TO-DAY.
Outlines of the Plan that Seems to Have
Rcnn Agreed Inon.

Outlines of the Plan that Seems to Have
Beeu Agreed Upon.
Unless some unexpected obstacle presents
itself President Inman and the old Board OF
Directors of the Richmond and Wost Point
Terminal Rauay and Warehouse Company will
be re-olccted to-day at the annual meeting OF
tho stockholders Of this corporation.
Noon "a the hour set for tho meeting ana me
company's Offices, corner Tenth and Bank streets,
the place.
PROXIES.
A Richmond gentleman who has large interests
fn the Terminal system Inst night furnished the
DisynfCh the following facts:
The Terminal Board Of Directors haye IN an
Informal way appointed committee o. SIX 10
obtain proxies for to-days meeting. lhiscom-
mttee has performed its WORK and secured con-
troll ~ n majority Of the stock, with tho under
standing that Mr. Inman and the oldboar1 are
% be reelected. among those on the committee
wcro Aossrs lnInan. Calhoun, and Bryce.
PRESIDENT OF TWO COMPANIES.
The understanding Is, however. that Mr.. In
man is also % be elected president OF tue hicn-
Tnond and Danvlis railroad, with the intontion
OF unifying the Richmond aud Danyilo tho
East Tennessee, virginia and Georgia. ana tue
Georgia Central, which three roads compose
tho Terminal system.
HARMONY.
There hos been a great deal OF conflict Of
interests among tho several properties, and tho
idea OF electing Mr.. Iuman president Of both
companies IS 10 prO1Uce harmony and stop the
Each one has had It's own president and
officers Tho Richmond and Danyille Is the pa
rent company and 10 has bcen the lea1ing one,
and i the most valuable property owned by the
Terminal. Geographically 10 lies IN the middle
between the East Tennessee, virginia and
Georgia, and Georgia Central
l. IA thought by placing Mr. lnman also In
charge OF the Richmond and Daugllle Railroad
10 gr.fD "a gF q IL
terests OF all three.
TERlINAL's INTEREST.
The Richmond anl Danviue has s5o00,900 In
stock, oil OF which ia owned 10y tho Terminal
with the exception OF few hundred shares.
OF the Fast Tennessee, Virginia end Georgia
- Terminal Company owns less than maiorl-
or the Georgia Central tho Terminal Company
owns a bare majority.
DFPENDENr on IKE RICHMOND AND DANy1LLE.
Tho dividend on the Terminal preferred
etooE donnnds on ncd Is derived from dividends
on tho Richmond sud Danville stock. Iho kich-
noud and DanVlle is the principal reliance OF
tho Terminal Company for tho payments OF lt5
Therefore n Is that il "a considered necessary
thai tho Richmond and Dqnvilio msnegement
should DO "a nearly as possible idontined with
that Of tho Terminal.
NOT ALWAYS SATISFACTORY.
Owing to the fact that the Richmond and Dan
vile has hal a president VINO vas uot ihe pre7l-
dent of the Terminal Company, it5 management
has not always been conducted In entire nc
cordance with tho wishes Of ths Terminal board,
Mr. inman, 10 is u derstOod. Insists that tho
management Of tho two companies, whose in-
terests are so identified with each other, should
be directed by ono head, and he has expressed
his willingness 10 assume the responsibility OF
managing b0tc companies.
PRESIDENT SCOTT YIELDS.
Mr. Fcott ana his friends, it IA said, have
yielded % Mr.. lnman's yloWs, ana will remain
identified with tho properties in which they hoid
very large pecuniary interests.
BRYCE AND THOMAS AGREEABLE.
Mr. Bryce, one of th9 most Influential mem-
bers Of the board. has been In ohio attending 70
his senatorial canvass and IL Is alleged that ho
aud General Thomas, On behalf OF the kast
Tennessee, Virginia and Georgia interests, have
also consented TO this arrangement
GEORGE GOULD MENTIONED.
Il was thought at one time that Mr. George
Gould would be a candidate. but no did not
think Il proper 20 oppose Mr.. Inman.
Tho Inmau, Bryce. and Thomas and Gould
parties are the largest holders Of Terminal stock.
WHY II ADJOURNED.
When the annual meeting Of stockholders OF
the Richmonl aud Danyille was held last We'd
nesiay it was adjourned until the 18Th 10 await
the action Of the Terminal meeting. 10 now
transpire3 that tho reelection OF Mr. innman
was the specific object Ia view.