The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-11-01
NEWS OF THE RAILROADS.
.xnRoAD xAxAekMExr NJ a COZ
TOY MERCHA6x


~,., 10 rhs,sAt .se H..a.'s lGethsAs 81
u..,,,s u r,esss.s Dests-He Dess Net
Nay The Hegstiatse.s wish e.ishsrs. BOT
=. says shas He Hss Nee Beea ASKED
=. Tur. Over the Read s>A Get Out.
Amer the strict secrecy that has been main.
..ined for several weeks In regard to the nego-
cations for lifting the floating Indebtedness Of
an. Riehmond Terminal system. tho revela-
,i,r Yesterday OF the inside facts was received
-i,b rood deal OF interest By financial people.
There can be no question about the accu-
,s.v Of the statements made IN yesterdays
srx about Mr.. Inman's negotiations with Mr..
n ". smithers. the London hnancier. to take
ho,d Of the floating debt Of the Richmond and
n.nyille and Georgia Central railroads. and
.h,t the latter demanded Mr.. Inman's resigna-
tion and the privilege OF putting his own man
IN charge-Mr Eckstein Norton. who formerly
r.nrseented Mr.. Smithen In the Louisville
and Nashville. The facts were confirmed both
~ directors Of the Richmond Terminal and BY
,srties acquainted with the banking interests
With whom Mr.. Inman Is dealing But in spite
Of all this Mr.. Inman came out yesterday with
a denial Here is his prepared statement:
There y NO truth In the statement that Mr..
smithers or any one else has demanded or
.uexested my resignation or displacement
have said 10 Mr.. Norton that II he
would accept the Presidency I would
vote my stock for him. As to my Of
ferine the Presidency to any one. ! have
no right to do that. other than to vote my
uock. II the Stockholders deem its present
mSnagement. or any part OF II. incompetent OF
4etrim entail to their interest. let them, the
sOckhoiders. make the change especially as
,nronerfy Is too large and valuable. with too
Esny interested stock and bond holders. to al
~ any, man or set q men to stand in the way
" Protabiy Mr. sn,ithers does not care to turn
out the entire directory and replace It with his
,Rsn uS not remain director. on account y his
hrge interests in the concern. Mr.. Smithers
could affect his purposes by having bare ma
s % HIN e9ees. H the
aas been suggested shss Mi sni nisni
Sorton Chairman Q, the Board Of Directors.
This would be creating new once. after the
the Ss ehet AND he
Is nothing more than an assistant to the Chair
nan. Mr. Norton. as Chairman. would be as
S r. Si ss sSsmean' a. he was
eas a e sas sG
i inmsn and Sol "a some are 'Rs @
sbsr Hhsz to and ne lit sond
ting out: conceaiing the real faets Of the case.
Mss the q the e
out Of the dlfieulty he will probably ADOPT Il;
but .ns III. ss Ss ras
ssds = tRs Bos;d q Directors viii have 70 pay
The sun has not predicted Mr.. Inman will
get out Tomorrow. or even next month; at the
annual election It has -, simply related the
.rs. which speak Tor themselves. All the isdi-
cations point to q control Of tho property by
smithsrs's syndicate. and What win DO the out
entirely different turn, It. Il. said that M.
mipal system: A man familiar with Mr.. Ia
s.ia S 0een IN
Prise tie ns sae the ss
ass :. he Resa ts 9asn
s hod Tie
1a i and newer vas U ths esss IN
moro clearly than in tho case Of the Ter:
minal system, From the moment he t2ok hold
e Ia PIE sRRs Apparent 9 fReStss e
shs,s i w AZ coming tTom: Some Improve.
fss e no
,ut. although they saw that disaster must
ayshi 1 NJ. fnman , wanted no advice. He
s I've n q Rs nos. su 9 en-
lidn't make any effort to replace them with
men Things ws d;,. run from s1d the
ions d the last few Weeks Would have hap
'ened long ago"