The times. [volume] (Richmond, Va.) 1890-1903, 1891-11-01
The TERMINAL MANAGEMENT.
Important Changes to be Made In II al
The Meeting in This City.
FIVE TO ONE ON FLOWERS ELECTION
The Work of the Great Gubernatorini C""-
paign In New York state frho"o""'
Finished-New York News
Erw York BUREAU RICHMOND T1MEs
Oct. 81. 1891.

WV Oct. 81. 1891.
Tho Richmond Terminal meeting VIII DO
held in Richmond on December l2th' anu TIC
books close for election on November 9th.
There is no longer any doubt shat impor-
tant changes are about 20 be made IN the
management Of this company. IL was ssid
to-day that a syndicate in which III. w.
Sm,,hers OF London. Speyer d Co.. Kuhn
Loeb a Co. and others are interested have
agreed to take hold Of the company and
rebabilitate il; that President lnman should
retire in favor OF TX. Norton. formerly presi-
dent of the Louisville and Nashville railroad.
The Fast Tennessee. Virginia and Georgia
IL Is understood. ~ 70 withdraw entirely from
the Richmond Terminal system and cobsti-
tute an independent line. The syndicate ~
10 relieve the company from It's present hhsn-
cial embarrassnents and has aiready; rs
stated yesterday. advanced S3,oOV'oVV Oh
Georgia Central securities.
WHAT ME-. ISNAS SAYS.
In regard TO this President John II. lninan
SAWS There is no truth In the statement
tbst Mr. Smithers or any one else has de-
manded OF suggested my resignation OF uis-
placement.
accept the presidency would vote my stoch
for him.. a. 10 INV OutliAs AZ 49,
any one. / have no right 10 90 tha''
other than 10 vote my stock. u the
stockholders deem its present management
or any part Of II incompetent or detrlineht"i
20 their interest. let them. the stochho4ueIs;
make tho change. especially as tne aunual
meeting is near by. The Terminal property
is too large and valuable. with too many IN
terested stock and bondholders. 70 allow any
man or set o. men to stand IN the way Oh us
advancement
THE FLOATING DEBT CLEARED Ut.
The facts arc said TO be that Dir. Inmsn will
not 90 out of the board. as he and his inti-
mate friends hold about 100000 Of the
securities Of the company. There Will be-
several changes Ia the board. The system
will obtain all the money II requires. A
frst-class railroad man will 20 into the board.
but exactly what his position will be Is unde-
cided.
The company has arranged with Speyer d
Co. for a loan Tor one year OF $4,000 900 at SIX
per cent. paying - per cent. commission,
and has obtained and has arranged for a re-
newal of a loan OF S10l. 900 with the Mutual
Life Insurance Company without commits
sion. President lnman has also arranged tor
a large loan 70 the Richmond and Danville
Company for one year at six per cent. practi-
cslly clearing up the floating debt Of the
entire system.
EAST TENNESSEE DIVIDEND.
There has been continued talk ABOUT tne
East Tennessee dividend on the first pre-
ferred stock. John n. Inman said to-day.
II have seen the figures and will vote for a
dividend on the first preferred stock" 1t is
thought that an effort will be made to have a
dividend of 2 per cent. declared. The diyi-
dend last year was 5 per cent.
Mrs. Cleveland and baby Ruth are going to
Gray Gables. Mass, for several weeks.
FIVE TO ONE ~ FLOWER.
The work of the campaign is practically
finished at both of the State headquarters.
Thomas C. Plat said to-day Il believe that
Fassett will be elected by a plurality of from
1000 20 10000.
The Democrats. of course. think differently.
They cOncede to Fassett go 900 majority above
the Harlem, and claim that Flower will have
from $4,000 to 1000 in New York and the
other counties below the river. The betting
on the result indicates less hope for Fassett
than ever before. This morning odds of five
10 one were offered on Flower III the Hoffman
House.