The times. [volume] (Richmond, Va.) 1890-1903, 1890-02-05
RICHMOND TERMINAL.
A SOUTHERN RAILWAY SCHEME
ABOUT TO CULMlNATE.
The Company 10 Consolidate All Its Hold
ings and Absorb It's Minority stock No
Speculative but a Substantial Move
mchi.-GeheraI View yoti, Notes
NEw YORK BUREAU
RICHMOND DAILY TINES,


RICHMOND DAILY rnfEs.
February f. 1890
The big boom in Richmond Terminal
limited at in TIE TIMES recently seems
about 10 culminato, II was reported to-day
on Wall street on good authority that
another big railroad deal has been effected
and that the Richmond Terminal Com
pany, through the East Tennessee, Virginia
Railroad Company, one of iis subordinate
properties, has ASSUMED control Of tie Lr-
lingcr system or the line from Cincinnati
via birmingham % New Orle ms and from
Meridian 10 Shreveport. commonly called the
Queen and Crescent. This important move
which is big step towards consolidation
~ all the railroad lines east Of the Mississip-
pi and south Of the Ohio, will probably be
followed by absorption Of the stock Of all
lines control OF which may be held by
individuals To provide for this a cOmpre-
hensiye financial scheme will be prepared.
and AN the minority stockholders will be
bought up. and the Terminal Company will
eiectuate a practical land substantial
consolidation Of an its lines, which are
now held together by means Of the
ownership Of majority Of the stock or by
leases. II is understood that this scbeine.
lions more OF Terminal stock and other Sc
curities, is being engineered by hessrs.
John II. inman. iirice and Thomas. and
&. II. Magee and the fine Italian hand Of
Jay Gould himself will not be wanting 10
give a perfect finish 10 this grand financial
structure. This scheme. OF course, in-
cludes the Virginia Midland Railroad.
North Carolina. Charlotte. Columbia
and Augusta Railroad. Columbia and
GreenYille Railroad. Atlanta and Charlotte
Railroad and Georgia Pacific Railroad
companies. as well as the East Tennessee.
Virginia, Georgia Railroad Company, and
Georgia Central II has been well under
stood for some time that the present con-
troll of railroad properties by the Terminal
Company was not at an satisfactory
20 the minority stockholders, nor 10 the
different lines. which. though brought under
It's management, were still rivals. This alb
sorptiOn OF minority stock viii remove
fruitful cause of soreness and disapp0int-
mcnt.
The actual returns of Louisville and Nash !
vile for the six months ending December
81. 1850. prove % be within $1,000 Of the
estimate. The surplus for dividends was
81. eu,1I. and after per cent. IN stock was
deducted. the surplus was sel6, 10.
Statement Georgia Central for six months /
ended December 81, 1852, shows. Gross /
SfG3l.Osi. increase Sjl1.sl5: expenses |
S3.liG.js7. increase s6i3. ,0S; net sl,lSl, i93 /
decrease Sll0.j1s; income from investments /
Sll,lS2. incrcr'c S6l9lj; total net Sl,jD,2lJ, /
decrease Si1.jiS
Earnings Norfolk and Western: Fourth /
week January. 1890. SilfJJJ: lSS9. Ssj,22 /
increase. s2l.3iO. Month January. 1890 /
Sl9i2i3; lss9, S3,4, ,2l3. increase, Sll2,0W.
THE SOUTHERN SOCIETY.
The fourth annual banquet of the New /
York Southern Society will be held at the /
lan0X lyceum. Madison avenue and Fifty /
ninth street. on Saturday evening. February I
I'D. The dinner viii DE In the main bail. /
around which are fifty b0xe, with siN seats I
iu each. These boxes VIII be- sold sepa- /
rltcly from the dinner ticket. The commit /
tee of Arrangement, consists ot w. q. trei- /
shaw. JF.. Robert J.. Harrison, and Robert /
N. GWathmey.
PERSONAL AND GENERAL.
Roy. DIR. Theodore l.. Cuyler. who for the |
last thirty years has been pastor OF the /
fafayette-avenue Presbyterian Church, /
Brooklyn. is tO retire. lie is siXty-eignt /
years old. In letter on toe subject he
SAYS: ] observe that one Of the New York /
daily journals. in very Kind editorial. sug-
gests that my resignation of my pulpit on
toc first Sunday of April was not intended
% Doe final. That is e mistake. ! shall
then withdraw from the pastoral church of
my beloved flock and shall do my utmost TO |
aid them In securing The strongest man
within their reach. 80 that the present har-
m0ny and prosperity OF the church may
suffer no dotriment.
do not propose tO remove from Brooklyn
or 20 cease my contributions tO the re-
iigi0us press. or 90 quit preaching the
glorious gospel 100 such times or places ar
providence may direct. Ny first thought is
for the welfare of this church, whose in
fercsts are as dear 90 me as my own life.
The minister is 90 De envied who becomes
the pastor of so large and loving and noble