The times. [volume] (Richmond, Va.) 1890-1903, 1890-05-22
RICHMOND TERMINAL.
OFFICIAL REPORT OF THE MEET
ING OF THE DIRECTORS.

terestinx Information to the stockhoid-
crs-Other Railroad News and Metro
poiitan Notes an a Gossip.
NEW YORK BUREAU.
RICHMOND DAILY TiMEs.
Nav II. 1901
The official report given Of the meeting
OF Richmond Terminal directors states that
after confirming the action of the President
in securing 10 the company Grst and second
preferred stocks Of the East Tennessee and
of the Virginia Midland, and confirming ex-
isting contracts for exchange, which togeth-
er will require the ssue OF $500 shares
Of common stock Of the company, 1t was
decid a that no further increase Of the COM
mon capital stock be made, unless first ap-
proved by majority q the ccrmon stock
boilers, or offered tothe common stoekhoid-
ers. t) be allotted pro rata The total
iloaliug debt OF the company. incurred by
the acquisition OF the East Tennessee and
Georgia central securities, is about
Sl,0OoO00, for the payment OF which,
ana in order 90 provide about,
s., 10000 for Treasury purp0scs-in all. say
$1,000 O0C-there are offered 10 the common
stockholders of the company The privilege
of subscribing for about $o,,OO.ocV OF mo
H..
company. which have been made available
by deposit with the trust company under
the mortgage Of Georgia Central and last
Tennessee securities, and about Sll,JOoWo
of additional common capital stock Ot the
company to be issued.
The plan adopted provides that every
holder Of 100 shares Of common capitai
stock Of record June ,, 1880, shall be entl-
tied. on payment Of Sl2V1. to receive one
astl ont
twenty shares Of the common capiSl siocA.
The subscription is underwritien Nv guar
anteed by leading banking house
for one-half per cent. commission, so
that the company will certainly Sc
cure the proposed S6,N0tC0. 10 ascertain
stockholders who viii be entitled 10 SUD
scribe, transfer books Of tue common capi-
tai stock will be closed ON june NJ
O'Clock and remain closed ill June at ~
q clock. Twenty-Five per cent shall be paid
on the ayailing Of the privilege and the BAL
ance ON July -. After The issue OF All the
stock contemplated by this plan the iotai
common stock outstanding viii be SioVoo,-
900.
RAILROAD NEWS.
The Wheeling. W. Va, Chamber Of Com
merre has indorsed the proposition of the
Wheeling and Lake Erie Railroad COM
pany "a come into the city, and urged tnat
subscriptions 10 the aEAi'e"N' - ,'-'
be made for station glounds, yard room,
etc. The cars of the company VIII run over
the Union Railroad bridge.
More than one-haif the railroad construc-
ton thus far this year has been in tnc
south. OF the 100 miles Of road punt III
the United states during the iirst iour
months Of 1890 nearly onc-thrd Is cr'ui'cu
To Georgia AMI North Carolina.
Pending negotiations have led To tue uii-
official announcement that the Little hosh
and Memphis Railroad, running from Llt-
tie Rock, Ark. TO Memphis, lenn:' lS'
miles. is about 10 be acquired by the LOUIS
Vile and Nashville - stem.
SOUTHERN CREDIT.
The decision in the Virginia bond cases
has given the question OF southern ciedt u
special interest
4 broker who has English connections
saws that the decision in the virginia cou-
pom cases, announced by us, Whuln n'Nea
favorable effect on the minds Of tnghsh IN
yestors i'm American securities because SO
MANY of them were holders OF Virginia new
funded bonds.
Mr.. T.. r. Dick has returned from an eN-
tended trip through the south. lie says
capitai is flowing into that section from
every direction in such large amounts that
it is producing an unrYalltd boom III
everything there. II has at last begun 10
take rudlt IN ilt htl il- Va i"iAA'eN NeTN"|
by the people there.
PUBLIC MONUMENTS.
The rapidlty and effectiveness with when
the citizens Of Richmond accomplished ine
design OF putting up the Lee Memorial VIII
make m interest IN the way we 90 eueh
things here. There are several such pro-
ects on foot. and here is the record: 10
date, since MAY, 1889, Washington Memo
rial Arch Fund, So. 1919; 10 date, since
!
to date, after years OF effort, for the AndI-
! bon Monument Fund, Sl.j5c.,G; to Aprll ~,
Free Circulating Library Fund, 81, l3o; %
date, since 1872, the Horace Greeley statuc
Fund, Sil .30,.9j.
The difference in size and wealth between
New York and Richmond makes the COM
parisOD all the more Odious.
THE EX-PREsTDENT.
Mr.. and Mrs. Grover Cleveland have ac-
cepted thp invitation Of Mrs.Joseph J.o Don-
ohne t. attend the la!r In ald OF the iflend-
less immigrant girls. at Arnory hall'
Tblrty-nifh street aud Broadway. to-mor-
row evening. The church fair experiences
isan new one for Mr.. Cleveland, but nc -
getting n dose OF II TO make up for lost time.
TuF TINES CORE. .pOndent had short chat
with him IN his William street office yester-
day. lie complains Of considerable trouble
from rheumatism. which prevents bis going
about with "a much alacrity as Was his
wont. Otherwise he looks well and u as
CHEEKY and agreeable as usual, ne eNFc's
a pleasant trip Ia the West II his engage
ments allow him to 20 10 the Indiana cele-
brat.On.
RESIGNATION or AN ABLE OFFICER.
Mr.J.D. Abrahams. OF POwhatan county,
Va, deputy comptroller Of the currency, re-
signed H. position to-day, and VIII 20 10
New York city in "A day or two. 10 MI tho
. position Of cashier OF the southern National
Bank, formerly the Commercial NATIONAL
, Bank, Of that city. Mr. Abrahams was ap-
pointed Deputy Comptroller, by ffesldent
Cleveland, on January, 1871, ana tendered
his resignation % the incoming administra-
l ton last May, but il was not accepted until
: to-day.
GENERAL AND PERSONAL.
= Governor Hi and his law partner Judge
: Bacon. are reported 20 have made a fes oi
; 500 900 out of the supreme Court decision
Z against Cornell University IN the FISK
case. The amount involved was Si,s5o,0W'
: Incoming steamships this morning re.
ported two cases Of suicide ~ sea. David
I. Lewis boz. a native OF switzerland, and q
= steerage passenger on the steamship Fries
: land, jumped overheard IN mid-ocean on
: May 10Th. and was drowned. william b
Z Nichols, scotch steerage passenger on the
: Anchor Line steamer furness. hanged him
. self 10 a steam pipe on May 10th. lie was
? buried at sea. Two thousand and ninety
: three passengers were landed by the~s
: steamers.
; samuel sloan to-day bought Zion Church
y Thirty-eighth street and Madison avenue
|, for 500. 600. II is believed 10 have been
d purchased for the congregation OF the ke'
formed South Church. lions congregation
has Joined with II. Timcthys.
Governor Hill to-day signed the bills thai
provide for the appointment OF female isc
d tory inspectors, providing for the weekly
Davment OF wages by corporations, and
prohibiting printing and hat making IN th'
W State prisons.