Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-05-17
THE PLAN a FAILURE.


-
INV YoHx. nsy 1ol--Afssa session lasting
hrss hours ne Richmond Terminal ReoeeAniss-
tioa Committee 7cfmAllyf announced thai ne
pIan propceed By them was failure, and they
declared u incperesise Ono Of the committee.
n speaktne q tSss action. said; "The sttemps
hss resulted IN complete failure, end no modi-
ncasicas or alterations can b looked fcr. Hany
surthsr attempts - made 70 rcoreanixe u must
b entirely on now lines end with now COM
nitseA Ths present committee win remain IN
cxiseence In order 70 take caro- Of the securities
deposited under tue plau.r Mr.. n. c. Fshuestock
said he would not b member Of any now COM
mittsA Other members Of tho committee epoke
b the same strain.
GAUGES or srocrHoLprss
caucus a Richmond TERMINAL Stockholders
was held ~ the once Of Work. Strong Co,
which Va attended By about twenty persons,
including General Samuel Thomss, w. II. Good
b., and W. r. clyde-about 100000 shares OF
stocb being represented. 10 was decided 10 ap-
point committee Of three, with W. Z. strong as
chairman. who will appoint his associates later.
Mr. STRONG says the appointment Of the commit
tee was simply for the purpose OF having snen ~
any assurance could be rendered. II IL thought,
however, that the meeting was really hello Ior
Inc purpose Of arranging for q new reorganisa.
uou 8ruemcs ana tn4t the cOmtuittro wa sSf~~'
b favor Of an assessment Of the stock.
STATEMENT FROM rHs COMMITTEE.
Tue following 81 the formal statement made
b. The Reorganization Committee OF the hlcn-
mood ana West Point Terminal and warehouse
Company this evening: ~,., .,,r.
failed 70 deposit an amount su1icient 20 con-
stitute basis for the proposed issue o. oonds
and to ensblc the committee 70 declare the plan
elective. the committee deems IL proper 70 10.
6r~xx. sf.o 6olH arn If
Trust Company and Of tho securities OF 'be
Richmond and West Point Terminal ana
Warehouse Company and its auxiliary eorpo-
rAtions OF this fact. In the absence OF aoe-
,uats assent by the underlying securities a
contribution by the stockholders OF the hicn-
ucnd Terminal Company and the noiaenS
d Other inferior securities may be pecessS'o gu
jects Of the committee and OF the plan pr0posoa
By t. 10 cannot be adopted as modinceton Vi
alteration OF tho plan. The present annoans ss-
ment Is made 70 give opportunity 70 all parMies
Interested in tho preservation Of the properties
20 take such action as they may think Dcet: 40
that end the Central Trust Company - .iinns
In the meantime 20 retain tho custody On my 20
curitiss already deposited, and the commistee
win continue In existence Only - long a. Ino -"
tereste OF the oertincate-holders shall require
"By order Of the committee ,,, >. e.r.,.rv
.sSes York. May 1e, 1892
Georgia Central Directors.
fBy telegraph 10 the Dtspstch.I
SAvASHAH Ga, May 18.-1he election Tor
directors Of the Central Railroad and BANKING
Company ordered by Judge speer. o. the united
Tor the ROAD, vas held to-day, and the following
we're chosen: II. II. Conner, j. X. Garnett' a.
vetxburg, Joseph Hull, George J; Mills d. H.
Jackson, II. ID. Mcdaniel, @. II: Phinizy, = n.
Js0ues. 6. P. Howell u. d. Harold, James
Swsnn, and w. @. Rsoul. The ticket was almost
unanimously elected. 1t Is the same ticket win
he exception Of James Swami IN the pace , y.
Charles q. Fairchild, that was submitted py the
committee OF Savannah bank presidents. repre-
senting q minority Of the stocknoiders. mr. ;
swami was expected 70 resign from tne oia
board but his resignation was mol receiver.
When Il IA received Mr.. Fairchd will be elected
TO fIll the vacancy. An unsuccessful EFFORT was
made 70 vote the $4,000 shares enjoined py
Judge Speer from being voted. Inc tenue. oI
meter win be carried 10 the appellate court