The times. [volume] (Richmond, Va.) 1890-1903, 1891-12-04
THE TERMINAL ASSESSMENT.
The Question Of Legality Not a Factor In
The Reorganization.
SALE OF TIE COOPER-REWIlT WORKS.
a Verbal Contract said "a Have Been Made.
A Theatre Proprietor Arrested
New York Matters.
INV YorE BUREAU. RICHMOND TIMzs,
Dec 9 1901

Dec. ), 1871.
In Wall street to-day Richmond Terminal
common declined q aud the preferred per
cent The question OF the legality OF al as
sessment on tho Richmond Terminal stock Is
not considered Il factor IN the reorganization.
II is understood that whatever amount 10
called for by the plan 70 be adopted viii be il
the shape Of a voluntary subscription.
There has been some misappreheusion as TO
the rights OF the Richmond Terminal pre-
ferred stockholders IN the - .00l shares Of the
Richmond and Danvile deposited with the
Central Trust Company. The deed If trust
in no place gives the preferred stock the
slightest lien on tho Richmond and Danylle
shares IL simply provides that the trustees
shall hold those shares. and that they may. II
they elect distribute dividends received on
the Danville stock directly among the Termi-
ma preferred holders IL IS provided, how
ever. that the voting power be irreyocably
gwen 20 the Terminal Company. The col
lateral trust hold lien on the undehued
equity OF the company il the Dangiile stoch.
NOT DEAD COCK IN THE PIT.
A defender Of the present management
says in tho Post tonight. 'Ihe HchmOnd
Terminal Company Is by 40 means dead
cock III the PIT yet, and anything IKE iunefai
services at this juncture are 10 say the least
South as indOrsers for It's perpetuation' ana
the prodieiOus industrial progress ant mate
rial developmeut OF that section already
achieved and still going on are substantial
assurances for its future maintenance and
support
SALE OF TIE cOOrER-HEwITT WORKS.
1t is authoritativelv stated to-day in regard
to the long rumored sale 10 an English syn
dictate of the Cooper a Hewitt Iron Works,
Al. ! "a att 4nrtr
between the syndicate and Mr.. Hewitt. there
is a verbal contract which VIII be con
summated when the company which IS TO
purchase has been organized This company
will be called the New Jersey Steel and Iron
Works. with capital stock OF $780,
OOO Preliminary prOspectuses have been
Issued in which the probable officers are
named as follows Directors IN England-The
Duke Of Marlborough. Colonel j. L. North,
the Hon. Ashley Ponsonby and j. Ernest
Spencer, Esq y. L.. VI. =. Directors in New
York John W Mackay, Charles +. Hewitt
Senator John +. Jones, General Charles &.
Dodge. Horace H. Thurber and Watts Cook.
a TEsT SUIT.
Theodore Rosenfeld. one of the propretors
OF the Ihalia Theatre, was arrested this
morning under the provisions Of the con-
tract labor law for importing Adolf Pollock
per steamship Fuerst Bismarck. on October
91st. unlawfuliy. Pollock IS the cOstumer
for the MenlDger Opera Troupe, VINO recently
came over here and are now PLAYING at the
Thalia Theatre The case is in the nature Of
g test suit, the whole Meninger troupe being
involved Bail was furnished.
United States Marshal J. Wesley Jacobus
has gone 10 Virginia for few days shooting.
Several gentlemen are with HIM.
HARDsHIPs AT sEA.
The steamship Valencia Of tho Red p
Line. came in this morning from LBguayTa
and brought among her passengers Captain
Bean, the mate. cook and crew Of TOUR Of the |
schooner Frank G.. Dow. Of Providence Il.
j.. which they found in wrecked condition |
on November sth. She was Oh trip from !
Walton n. s., TO Richmond Va. with a cargo
of lime rock. Some days before they
had been picked up by the Valencia the
schooner had encountered f. series of terrible
gales. which had wrecked the vessel badly,
carrying away the sails bodily and reducing
the masts one by one until the craft was |
wholly dismanted After being placed ia |
this helpless condition the gale continued IN |
abated in its fury for three days. and to add |
TO the horror of the situation the schooner |
sprung aleak in several places and the men |
had all they could do TO keep her ahoat by |
working the pumps day and night.