New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-03-15
JOHN H. INMAN TO RETIRE.
HE RESIGNS THE TERMINAL PRESIDENCY.
WALTER G. oAKMAN WILL PROBABLY SUCCEED

WALTER G. oAKMAN WILL PROBABLY SUCCEED
nIM-voRK OF THE OLCorr COMMITTEE.
John H. Inman. who has for four years been presi-
dent of the Richmond Terminal system. yesterday an
nounced that he would retire from that place. Just
when his resignation would take effect not stated
but II was understood that the change would be speedy
There seemed 10 be little doubt that Walter G.. Oak
man. who was vice president Of the Richmond and
Danvlle before he accepted similar place with the
Central Of New-Jersey, would succeed Mr.. Imam In
the responsible and difficult post which he gives mp
There will be a conference of Richmond Terminal IN
terests In this city today and the issuance OF the plan
of the Olcott Reorganization Committee will not be
much longer delayed.
Mr. Inman in confirming the report of his proposed
resignation. stated that he had tried to induce MI
Oakman to accept the presidency of the company lSt
November but he had declined 1t at that time. Last
Wednesday Mr. Inman again proposed Mr. oahfnah as
executive head of the complicated Richmond lerih"'
system and urged him to take the place MI Oa"
man. he said knew the Richmond DanVhHe proPeruVo
thoroughly having been It's first vicepresdeht or sew
eral years and vas In every way prepared 10 assume
tho respon eibillties OF the place Mr. Oakmnh VIE"
seen at his Office said *" have been asked 10 acoeU
the presidency OF the company. bit nothing oehnn'
has been decided upon and VIII not Dc ui''' "'0 ~
organization has been fully efectcd ,.o
The coming Of the Richmond and Danvliie party ','V
control will assure for the reorganization t'e h"'
h.cinc ~ the First National Bank capitalists ana Vi
Winslow Laner & Co., J. Kennedy Tod q 20" oil"
others Ill,
The members of the Ocott committee gave out noun
inc Yesterday either in confirmation or denial OF inc
cartons rumors aioat concerning the fuchHonu ior-
,,inal combinations The decision OF the conmil'ee
N On ahead with their plan without the Georgia oehl
met with favor and was instrumental, 1t IS slid III
getting in additional financial backing The lease VI
the Georgia Central with the Georgia Paclic was c'cr
ratified by the Richmond and Danvfle stockhodcs'
and therefore, II said, the courts must Dre'h IT,
Under the lease the Richmond and Danviiie guarantees
per cent on the Georgia Central stock, OF which II
owns n majority. BY getting rid of the guarantee and
vet retaining the ownership Of the stock the Richmond
and Danyie can operate the property In the majority
interest. ! J
The dispatch from the South. printed yesterday, hat
the Baltimore and Ohio had secured control OF the Rc
mond Terminal system, was declared on all hands 10
he TOO absurd even for denial The further statement
that consolidation OF interests had been effected be-
tween the Baltimore and Ohio the Norfolk and Western
and the Philadelphia and Reading was declared by
Baltimore and Ohio representatives, TO be utterly
groundless.
baltimore, March 14.-Charles F. Mayer president
of Baltimore and Ohio, makes an unqualified and
comprehensive denial that there Is any truth in the
which the Richmond Terminal property passes under
control Of the Baltimore and Ohio Railroad Com
pany."
There is not n shadow of foundation OF truth"
mentor whatever other characterization one may
choose 10 give to the dispatch 1t IS not true di.
recuy or indirectly. remotely or conjuncuvely. AND
II you can command stronger speech more explicit
language please use ii to make palmer this fact
there is strain OF truth in the Atlanta story to
which you call my attention"