The morning news., 1891-11-20
WILL PAY THE DIVIDEND.
GEN. ALEXANDER PLACES NO RE
DENCE IN CONTRARY RUMORS.

Eckstein Norton to Be the Next Presi-
dent of Either the Terminal or the
Richmond and Danville-H s Record
as a Flrencler - What the Recon
struction OF the Richmond Terminal
Meeus-rhe Terminal and East Ten
nessee and Richmond and Danville
Elections.
Gen. E. P. Alexander said yesterday that
he believed the Richmond and DanviIle's
dividend will be declared this year
as usual, in spite Of rumors to the contrary.
He places no confidence in the rumors from
New York. He says they are principally
agitsted by the stock brokers who want to
run the stock down in order to buy it up.
"They think there is a good thing in 1t, p
be said, 'and they are anxious to get hold
Of some of it.
The Richmond Terminal, in his opin-
ion, has made itself solid financially. and it
will have no further trouble.
ECKsTEIN NORTON IN 1T.
Eckstein Norton, Gen. Alexander believes,
will be the next president Of the Richmond
Terminal or the Richmond and Danville.
The latest information he has from New
York comedies with the impression he
gained while in New York, which was to
the effect that the late president Of the
Louisville and Nashville has been offered
the presidency Of either the Terminal or
the Richmond and Danville, and he is now
Co sidering its acceptance.
Mr.. Inman is president now OF both the
Terminal company and the Richmond and
Danville. Ii Mr.. Norton accepts one Of
these and Mr.. Inman will be reelected
president Of the other.
BRILLIANT FINANCIER.
Gen. Alexander regards Mr.. Norton as one
| of the best railroad financiers in the coun-
| try. He took hold Of the Louisville and
Nashville railroad when it d lances were at
a low ebb. and through bis management
brought it up to its present high standing.
| He is well known to the tiuanciers of Eng
| land and the continent, as well as In
| America, and his connection with the Ter
minal system would cause the European
capitalists to look favorably upon it. He
resigned the presidency of the Louisville
and Nashville last October for the purpose,
| it was thought, Of managing aud enjoying
his own ample fortune. The inducement to
take hold of the Richmond Terminal and
build it up as he built up the Louisville and
Nashville Gen. Alexander thinks, may be
sufficient to cause him 70 accept it's presl-
dency.
THE TERMINAL RECONSTRUCTION.
Gen, Alexander said the talked of recon-
strucuion of the Richmond Terminal merely
means, SO far as he knows, a closer rela-
tion between the Richmond and Dam
vile and the East Tennessee, the two
leading lines of the system. 1t was
on this account that Mr.. Inman
had the election of directors at
the annual meeting Of the East Tennessee
stockholders Wednesday postponed until
after the annual meeting Of the Richmond
Terminal. The object is to allow the di-
rectors of the Richmond Terminal who
may elected at t annual meeting Dec.
name the board Of directors of the East
Tennessee.
THE RICHMOND AND DANvILLE BOARD.
For the same reason, Gen. Alexander said,
there will be no election of directors at the
annual meeting Of Richmond and Danville
Dec. 2. This election will also be postponed
until after the meeting of the Rich
mond Terminal. The Terminal directors
elected at the meeting Dec. will then be
able to name the boards of both the Rich
mond and Danville and the East Tennessee.
The postponed election of the Richmond
and Danvlle will take place Dec 15 and
that of the East Tennessee Dec. Is.
Gen. Alexander said he does not know
whether President Iuman will visit Savan-
nah or not while south. He is expected in
Augusta to-day.