The times. [volume] (Richmond, Va.) 1890-1903, 1892-02-11
THE ANTI-HILL MEETING.
LARGE ATTENDANCE ExPEcrED.
The Richmond Terminal Organization Plan
The Norfolk and Western Extension
Losn-New York News.
Nrw YORK BUREAU RICHMOND TINS.
%' Feb 10 1907


Auarrancements point to very large meet
Ing tomorrow 10 protest against the mn
State Convention. IL will be decided 10 ap-
neal 70 the Democratic State committee 70
postpone the convention. II IS expected .,
course that tho State committee VIII h0'
turn willing ear to this request, and 10 '','s
event the programme IS 70 issue oA'' ~
primaries and hold State con'en''o-
send delegates 10 Chicago 70 make ZEN.
strstion against the delegates to DC sent ii0'''
the regular Albany convention
RICHMOND TERMINAL MATTERS
The Richmond Terminal issues are sa,u ~
be the next group 20 be TAKEN W .tseyaiiv com
The Olcott committee have ptaOs..so' They
pleted their plan for the organ 1asS -, town
have been IN almost daliy se9 S.'n,oe NJ Wall
away from the distracting nuue"O erraroad
e,yeet and every detail has been AiianseN'
The plan may be made public th'S "eoN
TIE BIO SANDY PLAN
H. soid TINT the Chesapeake and Ohio Big
CT, ,,ian h meeting good deal OF oppoSl-
,ion frorn the Big Sandy bOpdhoiders. j,
III Srbe statement by Mr.. Huntington that the
,oad had not earned It's interest mas aI'tacteq
Intention. AS it is at variance WIN tne Annu "i
-aNnrts The explanation Is that about SID
no .,ere orDend ed IN betterments, and IN one
wv "eio - rs snm was counted into net
oaro;n,s snnlicable TO interest. and IN the
osher II was not The Big Sandy bonds SO
far Turned in for exchange represent only
small part Of the issue There was meeting
vasterdav at which 100000 of bonds were
renresented and the sentiment was decidedly
against the proposed exchange.
TIE NORFOLK AND WESTERN EXTENSION.
Mr.. Robert g. Fleming. director Of the
Norfolk and Western, says: The Norfolk
and Western has been extending It's system
during the past two or three years and tins
has required the issue of a considerable
amount Of securities. The company has
thought it wise to provide means for exten
fion. partly by sales of bonds and partly by
sales OF pre- erred stock. In 1890 the company
sold several millions Of stock IN the market
but there was some objection and tie COM
pany determined 10 issue stock III the future
direct 20 stockholders The eiect OF thl7
policy in 1891 was TO extend sales over many
months with depressing influence on the
market
ATEMrORARY LOAN.
''In order 10 avoid these dilemmas 1t was
thought best 10 raise the money needed Tor
The completion of the Ohio extension by a
temporary loan. BY this means the ONO
division viii be completed by August, ana the
effect of the increased earnings Will 10 10
show a larger surplus available Tor dividends.
This will enable the stock TO be sold 10 better
advantage than if placed upon the market
now
OBTAINED CONTROL.
The report that the Philadelphia and Read
inc railroad has obtained control of the Jersey
Central and the Lehigh Valley roads was con-
frmed this morning by persons closely iden-
tilted with those interests. The terms. III
general. are that Reading agrees TO pay per
cent interest on the Reading ana Iehlgh
Valley stocks. The DreXel Morgan inter
est which has been buying Reading largely
recently. will dominate the entire combina-
ton.
John A. Mccall has accepted the offer Of
the presidency of the New York Life lnsur-
ance ptUssuGde af ap e~ nnt the meet
ing next Friday.