Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-02-08
RICHMOND TERMINAL
MILLIoNAIREs TO MAKE A TOUR OF
INSPECTION OVER THE SYSTEM.
President Inusan Admits There Arc Ne
Eotiations with Mr.. Erlanger-Is le
Financial DealS
Especial telegram to ,hs DIspa;ch.,


New York, February IA tour OF inspec-
ton of the Richmond Terminal and IT'S
southern system of railroads will be made
by President John II. Ininan next week.
He will have as his guests number OF re-
preventative businessmen, including
Charles S. Smith president Of the Cham
Der of Commerce), Cornelius n. Bliss, r. a.
Thurber. John A. Stewart, John sloan. -
Edward Simmons. X. L. Wilson, james y.
Smith. and Russell Harrison. OF New J ork |;
Governor Campbell, of Ohio, and J. A.
Lane and G. II. Taylor. Several OF the
gentlemen will be accompanied by their
wives.
IN PALsCE-cAHs.
The party will find accommodations in 2
special train of four perfectly equipped
railway-cars, and will he on the route
about two weeks. The start will be made
on next Tuesday. The journey will be
over the Norfolk and Western, then over
the East Tennessee, Virginia and Georgia,
and the Louisville aud Nashville. Ihey
will be due at Atlanta. Ca, February 18TH,
as guests at the dinner of the Atlanta
Chamber Of Commerce and at reception
eiyen in their honor by the Gate City Club.
Incidentally they will visit the Mardi-
Gras festival at New Orleans on February
18th and 18th. The tour viii include So
iourn in Florida after leaving New Or-
leans.
PROPOSED ERIANoKR ALLIANCE.
President John II. Inman SAYS in relation
to the prevailing reports of aproposed con,
solidation of the Richmond Terminal and
Erlanger systems: Negotiations are IN
progress for an alliance between the En-
LANCER system and the Richmond Iermi-
nal, the East Tennessee and the Georgia
Pacific. What shape this alliance VIII
| la, Ian;dc1 huf IL 1l
likely TO be closer than tratfio arrange
ment."
Mr.. Inman's attention was then directed
to the reports that the systems were 70 pe
covered by one blanket Issue of stock. -,
How much stock do YOU think it would
take to do all that ?" asked Mr.. Inman..
Your correspondent modestly replied
that he had heard $4,000, 900 spoken OF as
| the amount.
well" replied Bir. Inman, "I suppose
that report arises from the fact that
have received an offer for $40 900 o1
new Richmond Terminal stock at rs. The
closing price to-day was 22f. This oier
if accepted would place S12, ,25o, 900 cash III
| the treasury of the company, and OF course
| transfer its control TO tho persons taking
the new stock. Ii would increase the capt.
| talization of the company, which Is now
S51, ZOO, 600. to 300, 900, 900, but | declined
| to entertain TINS Oner because IL WAS Ho'
made in writing. and the issue of new
stock is a matter that Is still in the air."
FINANCIAL EXPLANATION.
II the alliance between the Richmond
Terminal and Erlanger systems should bs
something closer than q traffic arrange
ment" and approximate to a practical CON
soldation the combination would make ,
system of railroads greater than any Other
in the world except perhaps that OF the
Southern Pacific Company. Mr. lnmai
declines TO state who the persons are wh'
made the offer for the proposed new Ter
minal stock. Dow, Jones G Cas- tinancla
news agency published the following thi
afternoon: 1.-THE recent activity an'
strength of Richmond Terminal securities
is finally explained by the fact that Presi
dent Inman has received bona tiie bid o
25 for S49. .000. 600 of Richmond Termina
common stock from syndicate. Thu
bid has been made in view of the fact tina
the company has been planning to take vi
the outstanding stocks of the Georgii
Central and the East Tennessee companies
and for this purpose needed about $40,
000, 900, which would be provided by tn
sale of the common stock. General Ihoma
admitted this 10 be the fact last evening
but said he didn't think it would be don
at present.
He said the Terminal system was show
ing handsome earnings and its prospect
| were very bright