The times. [volume] (Richmond, Va.) 1890-1903, 1891-10-15
7HR B. 10. GETS THE 0. 4 N.
No News OF tho Atlanta Yet Major Throck-
uaorton's Arrest.-The Now Manager Of
the Adams Express Takes Charge.
NEW York BUREAU RICHMOND TINES,

Oct. II. 1891.
Err. Bacon cables from London that public
meetings representing vertwo-thirds of each
class of the stockholders of the Ohio and
Mississippi Railway Company have to-day
unanimously approved of the plan of reor-
gsnization.
The stookholders committee represents 147.
900 out of 100000 shares deposited with
Brown. Shipley 4 Co. and subject to their
control. 1t is proposed to form a controlling
company with $4,000, 900 common stock to be
given to the Baltimore and Ohio. The
Ohio and Mississippi preferred stock is
70 receive s134 share in first per cent. in
come bonds and 9 per cent. cash. The COM
mon stock is to receive $500 a share in second
income bonds and $500 in preferred stock OF
the new controlling company. The BAIL
more and Ohio is TO guarantee interest on the
Ohio and Mississippi bonds TO the extent OF
Ell. 900 annually in consideration OF the
stock OF the new company.
LOUISVILLE AND NASHVILLE BUMoRs DENIED.
August Belmont, chairman Of the Louis
willie and Nashville board of directors,
authorizes the following statement: Stats
tics kept by the company show that the
cotton business of the Louisville and Nash
vile represented only IL per cent. of the en-
tire freight traffic of the system IN 1889 and
1890, and this during big cotton year, which
shows how absurd any talk of danger arising
from a decreased cotton crop is to the Louis
vile and Nashville"
Concerning the alleged London cable to the
effect that tho presidency OF the Louisville
and Nashville will be offered by the stock
holders to ex-President Norton. Mr. Norton
says that the report is all bosh, without
scintilla of truth for foundation. lie charac-
~terizes the other stories about Louisville aud
Nashville as being equally absurd.
NO NEWS or THE ATLANTA YET.
No news of the Atlanta was received at the
navy-yard this morning, but the officers there
were not in the least worried over the absence
OF such news One of them said it WAS the
natural condition of:things under the circum-
stances: AS the vessel had only coal enough
aboard to last five days her commander is
problem of lack of coal unless
no reaches port very soon. When the Atlanta
was ordered to sea Sunday last her machinery
was in the shops and in no condition TO stand
rough weather. IL was immediately put
back. When ships machinery is repaired
twenty-four hours are always allowed for the
cement on the joints TO harden before use.
In this case. not an hour elapsed.
MAJOR THRoCKMoRToN's ARREST.
Major Charles b. Throckmorton, command
ant at Fort Schuyler. who is under arrest to
await the decision of the proper army author-
ties as 10 the propriety of court martial
will be arragned on the charges of issuing
worthless notes and other violations ofmilitary
law. The first ofense carries the penalty of dis
missal from the service General Howard said
to-day: IF Major Throckmorton can give
his superior officer any satisfactory explana-
ton in all likelihood the case will be drop
ped. If not. then it is General Scofelds
duty to request the President 10 order court
martial in which the case will be very thor
oughly sifted Even then Major Throckmor-
ton NAV be let off with reprimand, or even
be honorsbly acquitted"
NEW YORK NOTES.
The increased earnings of the Richmond
and Danville system for the first week of Oc-
tober are 1892
The new manager of the Adams Express |
Company, Henry Sanford. was at the offices |
Of the company to-day He has now taken |
actual charge of the affairs of the company.