The times. [volume] (Richmond, Va.) 1890-1903, 1891-11-26
FAST APPROACHING A CRISIS.
HAIRS Of The Richmond Terminal Nearing
Serious Proportions.
4 COHTITTEE OF INQUIRY APPOINTED.
JAY Gould 60 Take = Western Trip-fho
Majestic Makes = Good Run for tho
~fenson-Sew York News.
Nrw YoRK BUREAU, RICHMOND ITMTs.
Nov d. 1891

Nov. 2j. 1891.
The affairs of tho Richmond Terminal Com
.,sny are rapidly approaching a crisis. IT will
soon be known whether JOIN II. lnman's
hard fght 10 preserve the integrity Of tho
system and get it out Of its financial troubles
will be successful. or whether Mr. Inman
will have 10 step down from the manage
ment
meeting Of tho directors was held at 2
O'Clock this afternoon to appoint a proxy
committee 10 vote the proxies controlled by
the directors at the annual meeting Of the
. stockholders.
TO MAKE AN EXAMINATION.
A committee Of seven prominent fnanoiers,
including President OlcOtt. Of the Central
Trust Company; Mr. Jacob Schif. Of kuhn
Loeb & Co. and representatives OF Speyer q
Co., was appointed TO make an exhaustive eX-
animation Of the Terminal analrs and report.
This step was taken because OF the
persistent attacks which heye been made
upon the company's credit. The meet
ing was entirely harmonious. and
whatever differences may have heretofore
existed as TO the management OF the com
pany's finances and its general conduct were
amicably arranged.
An advisory committee was appointed 20
devise means for the settlement of the gues-
tons which have been under discussion, and
under a resolution. which was unanimously
ado pied. Mr. George +. Baker, president OF
the First National Bank, was asked 10 form
one of the committee.
THE DIVIDEND QUESTION.
The dividend question on the preferred
stock will 20 over 10 the meeting OF the new
board IN December which has always acted
upon il heretofore. The annual meeting
must be held in Richmond, but that oilers
no obstacle for the same persons 10 get To-
gether here and instruct their directors and
agents how TO vote when they get TO Rich
mond. This will be done.
The estimated net earnings Of the Iennes-
see Coal. Iron and Railroad Company for
October 1891, $4,000 fixed charges, $4,000;
surplus. S23, 900.
10 INSPECT HIS ROADS.
1t was stated in Wall street this morning
that orders had been given 70 have Jay
GOuld's private car in readiness tomorrow
evening to take Mr.. Gould on a trip over
some OF his Western roads. This was regarded
as good evidence that Mr.. Gould was in pretty
good health and attending strictly to business.
Much comfort vas apparently derived by
Wall street gentlemen from the report.
BROKERS PLAY FOOTBALL.
There was 80 little to do on the Exchange
this afternoon that the brokers played q game
Of football in spite Of the eIorts # Chairman
Mitchell. who spent the rest of the afternoon
taking down names for a $50 fine. In one of
the scrImmages the ball shot up straight in
the air and hung for a moment on the chan
delier overhead. Nhile the football games
were in progress about 5000 shares Of stock
were sold.
QUICK Z FOR THE SEASON.
The White Star steamer Majestic to-day
made q very quick run for this season of the
year. Five days. twenty hours and twenty
minutes. which is three hours and forty-four
minutes behind the best time made by the
Teutonic. The Majestic brought 10 port SO
cabin passengers. Among them were g..
Csvendish Bentinck. Nj. p, Mrs. Calvin S.
Brice and her children; Cornelius Vanderbilt
and family.