New-York tribune., 1891-12-16
GEN. THOMAS IN THESADDLE
TERMINAL STOCKHOLDERS ORGANIZE.
PRESIDENT ISMAY DErEArED-Is THE ADJUST

Richmond nermnal Company clearly indicate
coming rupture between the stockholders represented
by Calvin s. Brice and General Samuel Thomas ana
their friends and the creditors through whose In
nuence the Committee on Adjustment was appointed
November o. The steps taken by the stockholders
In appointing independent committee ana the
action by the Terminal Board were generally re-
gardcd rs n blow against the president, John H.
Inman, and prospect Is opened for worse entange-
ment Of the situation than has at any time existed
The Thomas faction processes confidence that ~ VIII
be able TO finance the company successfully but
there are other observers In Wall Street who rear
that the phase Of the situation may iead 10
the eventual disruption OF the existing system.
There was meeting OF the Richmond Terminal
directors yesterday, at which were present Johh H.
Inman. A. 5. Hewitt John G. Moore c. s. Brice'
Simon wormser, J. G. Calhoun, p Calhoun, j. a.
Rutherford, J. &. Mabn, r. NJ. Logan, j. swami
Colonel Charles NJ. McGhee. and A. J. Rauh The
Adjustment Committee had requested that the meet
ings OF the shareholders OF the companies controlled
by the Richmond Terminal be postponed unul
definite plan Of reorganization prepared and acted
upon. 1t had also asked that the directors OF the
Terminal make appropriation to cover the expenses
of the Adjustment Committee for the services of ex-
pert accountants Office room, etc. Both requests
were laid on the table by the Terminal di-
rectors by emphatic vote. 1t was derded
that the annual meeting Of the East Tennessee. Vr-
sina and Georgia Railroad. one OF the most
Vile to-day. and that the present board OF directors
be reelected. This action was accomplished by the
votes Of the Thomas party.
Later In the day there was meeting OF the com
mon stockholders Of Richmond Terminal at the once
OF the Central Trust Company, Of which Frederic r.
Ocott president Mr.. Oleott has declined TO accept
his appointment as member Of the adjustment COM
mttee and has cast his lot with the anti lnman party
At yesterdays meeting he declared his opinion thas
there was no necessity for such stringent measures as
he believed were contemplated BY the plan proposed
BY the adjustment committee. ii. b. Ls'diaw anu
n. T.. Alexander present to represent
the preferred shareholders. II was decided 10
appoint Mr. Olcott and four OF the largest holders OF
common stock to act with the preferred stockholders
committee already appointed. There were said 70 be
100000 shares OF stock represented at Yesterdays
meeting out Of total Of 100000 shares The friends
OF the Bce Thomas party gleefully pronounced TINS
action, coupled with the action Of the Iermina
directors, TO be virtual turning down OF the aa
iustmcnt committee. With the assistance OF friends
who are interested in the First National BANK, tie
BrlceThomas faction expects 70 be able to carry
through rsadjustment Of the obligations OF the Ter
minal and Its controlled systems without any assess
ment Of importance upon Terminal stock ana withou'
changing the status of the collateral trust bondhoide
except as to the funding Of years on two years
coupons.
John II. Iuman said last evening that he did not
contest, for control II majority OF the stockholders
desired change In the management or officers they
could obtain IL without struggle. as he did not ih'eno
10 make any fight Beyond this Mr.. lnman had noun
ing to say except that 1t was impossible o tell "ha'
would be the outcome Of the situation. IL Is under
stood however that Mr.. Inman's friends regard with
apprehen sion the attitude taken by majority OF the
ti.,ct,rs. Mr. Inman has ambition TO retain the
presidency the stockholders can find satisfactory
man to take his place His interests in he Terminal %
system are large he Is sau 10 own nv bodcr He
stands with his friends in the position OF creaior as
well IS an owner ana ,ne II dcdor Is hGo p resort 10 some
measures of selfprotcction The steps - t oe 'cau %
Sit,ee M .ne are awaited with interest should they reln
QuIsh all efforts TO attempt TO devise pau u ,rhi
every tax the ingenuity of the confident stockholders
party.
THE MISSOURI PACIFIC's ANNUAL STATEMENT.
Kansas CITY. Dec ia dispatch to "Tfe STAR
f,om Topeka says: The Missouri Pacific Railroad
Compony filed this morning Its statement Tor tne year
ending June 30. The gross earnings from Operations
are lol33, 600 20. The dividends on stock owned
Is 81 O44, ,OGl So interest on stocks owned S'oI-o'
and miscellaneous income, less expenses. $3.50
sol 81 making the toa, income OF the road SOo23oA'
From this must be deducted interest ON the accrued
funded debt amounting to S2.77s,143 "a, and other
deductions reaching an aggregate OF S4oo4'ooo DO
making a net income for the road Of S"oooo4. H.
The dividends of four per cent common Stock are
81 57c oac. The surplus for June 80 1891 is "a 4.o4;
4O3. SO. The report includes the entire missouii
Pacific system.
OREGON RAILWAY AND NAVIGATION DIVIDEND.
BOSTON, Dec l5.-The Oregon Railway and Naviga-
Hon Company has declared quarterly dividend OF
/ I-o per cent, payable January 20
DIRECTORS OF NEw-ENGLAND ROADS
Bridgeport Conn.,, Dec. 15.-N the annual meeting
lold I'm fiE fltU
directors were elected ms follows: W. II. Sarbuck j. L.
Macaulay, Henry Hentz and Thomas Rutter OF New
York: W. +. Downs and S L. Merwin, OF New-liaven'
w. H. stevenson. OF this city a. b. Milford and Henry
Crofut of Danbury. They later elected officers ms
follows President, W. ii. Starbuck; vice-presldent
stevenson secretary