The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-12-16

Out.
NEW YORK, Dec. 15.-lSpeciall Tho
quorum of tho board of directors OF the
Richmond Terminal was obtained at
l2;lO to-day, and business was begun
behind closed doors and with every pre-
caution for secrecy. A remarkably un-
communicative young man was placed
on guard, who, although an employc Of
the office, could not even recognize tho
faces OF those directors who passed into
the room of John II. Inman, where the
night for supremacy between the Inman
ana Thomas factions was taking place.
1t is rumored that H. b. Plant. presi-
dent OF the Plant system, which is n
lVely competitor Of tho Terminal Com
pany, was present at tho meeting.
inc Rant 81 stem controls the traffic
TO Jacksonville. Fla, which is the kew
OF the Peninsular State, and all of the
East tennessee business from that
state has to go over tho Plant lines to
Jessup, tho southeastern terminus of
the East Tennessee.
Two years ago n line was SURVEYED bv
the East Tennessee to Way Cross, as n
competitor of tho Plant system. and
work was begun on it. 1t was sud
denly discontinued and an OUTLAW of
thousands of dollars was thrown awav.
Plants presence seems to indicate that
he has lively interest in the outcome
OF the present situation
Inc meeting adjourned shortly after,
O'Clock. Tho meeting called for some
reports from tho executive committee
OF tho subsidiary companies which will
DO maze at another meeting to be held
TINS week. 1t was determined that the
annual election of the East Tennessee
road set down for to morrow should NOT
be adjourned and the old board of direo-
tors shall DO reelected. There was
some discussion OF tho plan to readiust
inc company's finances, but no official
announcement in regard to tho discus
sion was made.
The programme of the Thomas party
was clearly outlined to-day after the
directors meeting, and it is said to bo
now clear that the Inman directors viii
be forced to retire from the manage
ment of the Richmond Terminal Com
pany.
The first intimation that chans o was
ac mana was an announcement that
Fred. Z. Olcott, president of the Cen
'
the bankers committee appointed q the
annual meeting of the stockholders last
week declined to act any longer with
tho committee, on tho ground that it
was not necessary to take such strin-
gent steps as they proposed. Follow
my tnlS announcement u meeting of the
Richmond Terminal rkholders was
held at the Central Trust Company and
committee of five appointed, with Oh
colt as chairman.
other members Of tho committee are
-FOUR OF tho largest stockholders OF the
company. This committee and tho
stocKholuors present ut the meeting are
opposed to SchiH-Norton' or tho bankers
committee, and as tho opposition now
includes majority of tho board OF direc-
tors tho Schiff-Norton committeo ia
practically without power.
1t requested the directors to postnone
the election OF the directors of snbor-
dinate companies. This request was
refused. Then the committee REQUESTED
That tho Terminal Company advance
funds to pay the expenses of an expert
examination OF the books. This request
was tabled.
Opposition directors say that this in
dicates clearly that tho bankers COM
mittee are practically discharged and
Will not BIO recognized by the board.
resident lnman is said to be willing to
stop down from the office, and will not
make any effort to retain control.
The holders of 100000 shares were
represented at to-day's meeting. 1t is
conceded by tho lnman party that this
block Of stock practically represents
control, and . change in tho manage
ment is expected to occur at the special
election, which will be called by the
directors this week, perhaps tomorrow.