The times. [volume] (Richmond, Va.) 1890-1903, 1891-09-16
CONDITION OF THE TERMINAL.
1 Moderate Demand for The Stock and
Prices Advance q Point.
DEMOCRATS RALLY AROUND CLEVELAND.
o.vld ". nm Not tho Lion That lie Used 10
Bo-Better Reports FROM the Cotton
Crop-New York Notes.
NEw YoRK BUREAU. RICHMOND TINES

sept. ID, loJl
President Inman. Of the Richmond Termi-
nal Company. said to-day that he had no
further statement b make in regard to tho
Arrangements for extending the floating debt
of the Richmond Terminal Company and Its
sphssdv roads. From other sources how
ever. il was learned that the company's affairs
are progressing favorably. The gentleman
who ia taking the most active interest IN
tho new plan is working hard Tor
It's success. Two fDanoiers, well and fAYora-
bly, known have been asked 10 20 into the
directory. and are now considerin. the mat
Ter. The Richmond Terminals case does not
look 80 serious as did that OF the Union IA
cifc The two fnanciers have been asked 70
fll. one the place Of Mr.. Hall. the other
vacancy never tlled. ,--.,
Bank party will be represented. Yesterday u
was understood that the First National WOuld
subscribe 20 the new syndicate
MR. GOULD BUYING STOCK.
jaw Gould is said TO have distributed
some orders 20 buy Terminal stock TINS morn
ing There was a moderate demand ior inc
ttock early in the day, and the prco ADVANCED
from 1l54 10 IA.
In reply 70 the inquiry rs 20 what effect the
-paYmeut OF inc llNlltIA VA iAANiit-..-
Terminal preferred would have upon hich-
mond and Danyille stock against winch hicn-
uoud Terminal preferred WAS issued. ~ -
stated that the passage of DIVIDENDS on Rich
mond Terminal preferred would have no
effect whatever upon Kichnoho anu I'm, I'm
Vile stock. II tho dividends on hch-
rnond and DanVlle stock arc not pald
then the amount OF such dividends received
ON the 25Ol shares of Richmond ana Dan,
vile stock covered by Richmond Terminal
preferred trust goes % the Richmond IeIn,I-
nal preferred stockholders 70 the extent OF
per cent. per snnum. II the hichInonu anu
banville pays no dividend. then the dlVl-
dends on Richmond Terminal preferred may
be passed but accumulate.
DAVID NILS sCHEMBs.
The Democratic State Convention at Sara
t0pa held only brief preliminary session, but
enough transpired there TO show that the as
tute Hill has been playingpOltlcs IN shrewd,
cold, calculating method with a single enc IN
view the elevation of Hill. To that end he
has been willing 20 sacrifice his dearest
friends He has overstepped the mark.
The house of cards has crashed about
his head and he finds himself reyiled and
turned down. lie has built up magnificent
machine in the State for the benefit Of
Murphy Of Troy and Croker of New York
They have taken charge and he Is on the out
side Yesterday he was Casar; he IS
treated contemptuously by the men he has
made. Men VINO were III saratoga month
Ago sounding the praises of David Is. HUI are
now openly denouncing him. II Is almost
amusing 10 hoar men who month ago were
denouncng ex-President Cleveland now tell
ing about what thoroughly honest man he
rs and dilating upon his hold upon the masses
of the people. Among the resolutions the
convention will adopt IS this:
2 Resolved. That this convention commend
the valiant and successful fight of the Demo-
lcratic members Of Congress against that reyo-
guiiOnary and despOtic legislation known as
the Force bill " and that It's thanks are es-
pecaly due 10 Senator Arthur Z. German, of
maryland. for his wise gallant and success
Ful leadership.
| TIE COTTON CROP.
( The better reports from Texas embraced
the fall OF light rains, revlVing the hopes OF a
top cotton crop. From Louisiana the state
Nureau says the prospects are still uniayora-
bile Private reports from Georgia indicate a
large yield ID that State. and the tree receipts
ut Savannah seem 10 confirm these adyices
THE A. PER CENT. BONDS.
IL was learned TO day that the Secretary Of
xhe Treasury will probably not extend any
of the AZ per cent bonds after October LIST.
and interest will cease on oil such as are not
extended by OF before that date. There are
about S14 600, 900 Of these bonds which have
not vet been presented either for redemp-
zion or extension. of which about 81 ,5OO,OOO
ere owned by banks against circulation.