The times. [volume] (Richmond, Va.) 1890-1903, 1891-10-28
TERMINAL STOCKS DECLINE.
Rumorsd Suspension Of Dividends on East
Tennessee The Cause.
THE q. S. MONITOR MIONTONOMAH.
Contrary TO Expectations She Goes Into
Commission-An ovation to f1-fres'-
dent CIeveIand-Ncw York Notes.
NEw York BUREAU RICHMOND TINES
Dot u 1Suf

Oct. n. 1891.
Richmond Terminal stocks and bonds de-
slined on the expectation of a suspension OF
dividends on East Tennessee first preferred.
The Fast Tennessee annual meeting will be
held on November 18th.
President John III. InmAn says, concerning
the various disparaging reports that are being
circulated about the Richmond Terminal.
You may deny as emphatically and as torci-
bly, as you please that the resignation Of
either Mr. Calhoun or myself has been asked
by any individual or party. The stockholders
who are supreme will have tie only voice
in the matter. There is positively no reason,
as far as | know for the onslaught on tho
stock and bonds. ! have only Just returned
10 duty. so 10 speak. and Mr.. Thomas mas
been absent for two weeks in the West. during
which time have bad neither direct nor in
direct communication with him.
WHAT GENERAL THOMAS sAYs.
General Thomas said to-day; Il wish it
clearly understood that 1 am personel
friend of Mr.. John II. 1nman and John Z.
Calhoun and Patrick Calhoun. have not
now and never had any disagreement with
them and no trouble exists about the rela-
tons OF the companies IN the sys-
tenn / regard Mr. John II. IN,
most important man IN the organization with
more power and capacity TO manage the pres
ent situation than any one connected with
the Terminal system. There ~ no truth IN
the statement that ! have been required 70
assist him financially in any manner. /
am not candidate for his place
or any other, and under no circum-
stance would | accept any position
in connection with the Terminal Company
without Mr. lnman's full approval and his
active and cordial support. regret the
currency of 80 many uniounded rumors
about the Terminal management. a. they
arc without foundation and to some extent
inIure the standing Of my friends and as
sOciates without doing any good 10 them or
10 the securities of the Terminal Company"
GEORGIA CENTRAL DrBr.
IL is stated by people familiar with the pro-
gress of negotiations in connection with the
Georgia Central debt that the arrangements
deal quite largely with Savannah and Western
bonds which are likely 10 be taken in some
quantity by an interest which has become
satisfied of the value Of the security. There
are said 10 be orders to buy Richmond Ter
mnal IS from people who have been looking
up the condition under which the bonds were
issued and who believe them 10 be on q firm
basis
Virginia Midland railway general mortgage
b per cent. bonds and Richmond York River
and Chesapeake railroad I'd mortgage bonds.
coupons due November l, 1891, and all other
bonds of the Richmond and Danyille system
will be paid at the Fourth National Bank,
New York.
on TRIAL FOR HEREsY.
At this evenings session of the Reformed
PRESBYTERIAN Synod, the Rev. j. +. Carson, of
the Willoughby Avenue Presbyterian church,
Brooklyn. and the Rev. }. G. X. Milligan,
formerly of the First Reformed Presbyterian
church. were tried for heresy. because they
desire to vote at the election this fall. Mr..
Carson will join the straight PresbyteriaDs
and form new congreg CATION.
READY FOR SERVICE
The most unexpected, perhaps, of all things
has happened. The United States monitor
Miantonomah after years of tinkering, alter
alton and construction and false prophesy IS
10 the time when she could be utilized. went
into commission to-day at noon at the navy
yard. The MiantOnomah is the only
armored fighting ship in the navy that is
ready for service. Captain Montgomery 81
ciard. ex-chief of the Ordnance Bureau, is TO
command her. The complement OF the Milan
tonomah is $50 men, but only 100 are available
now In addition to the commanding
officer the officers detailed to the monitor
who were present at the ceremony were
Lieutenant Commander Asa Walker, Lieu
tenant w. b. Caperton, Paymaster J. Q.
Burton, Chief Engineer George w. Magee
and Passed Assistant Engineer +. G. Berg.
The vessel will carry no marines. the berthing
space being limited and there being little use
for sentries.
NEW YORK NOTES.
Mr.. Cleveland received grand ovation at
the mass-ineeting in Madison Square Garden
this evening.
At a meeting of the directors of st. Luke's
Hospital last night it was decided to sell the
present site. The Union Club proposed to
.nrt Of
from Fifty-fourth to Fiftv-ffth streets on
Fifth avenue and cover thirty-two city lots.
The price asked for the entire plot is q $780,
0O0