The times. [volume] (Richmond, Va.) 1890-1903, 1892-09-16
A TERMINAL MEETING.
THE STOCKHOLDERS IN SESSION.
Tho Directors Nomin stsd by the Clyde Pso-
pie Were Ef-cted-A Resolution offered
by Mr.. CaIhoun-Other Matters.

OF the Richmond and West Point Terminal
Railway and Warehouse Company was
held in tho gentlemen's parlor OF the tx
change Hotel ut noon yesterday after 1t had
been called TO order in The TIMES building.
The attendance was quite large. aud among
those present were the following well-known
fnanciers: Messrs. w. G.. OakmAn, George
i. Stone. w. ?. Clyde. William f. Strong.
+. +. Robins, Alexander 4. Orr. Pat CAL
houn. +. NJ. Stettenheim.. d. s. Thompson.
Mac Ritchie. Henry Crawford. r. g. Erwin.
i. G. Du Bignon. Joseph Bryan, james d.
Pace. l.. ID. Christian, A. s. Buford. FRED IL.
Scott and others.
The ticket which had been proposed by
the friends of Mr.. Calhoun was defeated,
while Mr.. W. 2. Clyde and his followers
secured full control of the affairs OF the
company.
TWO FACTIONS.
As stated in yesterdays TIMFs two COM
mittess have been hard at work since the
call for the meeting had been issued 20
secure proxies. The committee. headed by
Mr.. William f. Strong, represented the
Clyde people, while Mr. Alexander Il. Orr:
as chairman of the other committee. looked
after the interest Of the Calhoun faction.
At yesterdays meeting Mr.. Clyde's friends
had control OF 400. l22 shares of stock
while the Calhoun people could only vote
on about IT'S. 900 shares.
The meeting was called to order in The
TINES building by Mr.. w. G.. Oakman, the
receiver of the company. and after adjourn
ing to the Exchange Hotel Mr.. Charles M.
Crump was elected secretary.
Alter the reading of the call by the score
tary Mr.. George 7. Stone moved. as the
representative OF over 400. 900 shares OF
stock. that Mr.. w. Z. Clyde be made chair
man of the meeting. No objection oeing
raised Mr.. Clyde was elected to that POSI-
ton.
EXAMINING THE PRoxIEs.
Mr. Henry Crawford next moved that a
committee of three beappointed to examine
! the proxies and ascertain If quorum was
present. The Chair appointed Messrs. Craw,,
| ford r. G.. Irwin and " NJ MacBean, ana
q recess for al hour was taken in order to
enable the committee to complete us WORK
and prepare q report.
After the recess the committee reported
| through MIR. Crawford. the chairman. tnat
far more than quorum OF the shares was
represented either in person or by proxy.
! He was unable to give the exact ngures DuI
| added that the number exceeded 5oO,OOJ.
Chairman Clyde stated that the next ousi-
ness IN order was the election OF board or
directors. and q motion IVES made that tell
ers he annointed. The motion was carried
and the same gentlemen were appointed
tellers who had served on the committee
which had to ascertain the NUMBER OF SHARES
represented
THE CALHOUN RESOLUTION.
The tellers were about to retire into
room where the voting was to take place,
| when Nj Pat Calhoun onered the lOIio"-
ing resolutions: e.
Resolved. That a stockholders commit.
tee of five is hereby appointed, three OF
whom shall be named 10 writing by the
pYo1v committee, OF which Mr.. William +.
Strong il chairman. and two OF whom shall
be named in writing by the proxy commlt /
tee of which Mr. Alexander +. Orr ~ chair
man; and it shall be the duty of said com
mittee TO investigate the past history OF THIS
/ company and its various transactions ana
report at the next general meeting OF stock
holders.
Resolved. That each of said committee
shall have full and free access 10 the books
ard records of the company, and It's ON
GERS and receivers Of its allied corporations
are requested to give such committees ell
/ the assistance IN their power.
Resolved. That said committee is hereby
authorized to employ such experts and as
sistants as IL may find necessary"
In speaking TO the resolutions Mr. CAL
houn said that it was but just to the stock
/ holders that this investigation be made:
/ fnsinuatiOns of a serious character had
been made in the public press as 70 some of
the persons connected with the company
and it was very desirable that full, free
and impartial investigation be made and
the result reported TO the next stock
holders meeting
Mr.. Crawford thought that the present
meeting was a special one called for par
ticula- purpose, and that, therefore. Mr.
! He added that q new board of directors was
about to be elected and that 1t would be
bad policy to hamper them at the outset by
the adoption OF such resolutions.
A GENERAL MEETING.
Mr.. Calhoun took the ground that the
meeting had not been ca&ed tor particu-
! lar purpose. but that tl<call had been is
sued for a general meeting and that in &C
cordance with the prove on of the laws of
the State OF Virginia auesousiness might be
transacted at such meeting.
At the suggestion Of the chairman and
with the consent Of Mr.. Calhoun the resolu-
tons were finally passed by until the new
J board of directors had been elected.
The inspectors of the election reported in
/ due time that the ticket mapped out by the
/ CLYDE people had received the votes of 400,-
! ~ shares OF stock and it was therefore de-
cared elected. The ticket contained the
following gentlemen:
William H. Strong. George +. Stone, Will
liam p. Clyde. j. G. MacBsan. Alexander
j.. Van Nest, Thomas F. Ryan. George
Blogden. G. A. Law. X. f. Erwin. u. wv.
Goadley. John n. Hutchinson. Joseph
Bryan. Edwin Packard. John A. Ruther-
ford, r. S. Hayes. George J. Gould, Thomas
| Manson. Jr. and Charles VI. McGhee.
The names on the Calhoun ticket, which
received only the votes of about IT'S, 900
shares of stock. were as follows: X. Somers
Hayes, president; George Foster Peabody,
William L. Thompson. j. w. Ogden. I. L..
Manson, Alexander Brown. William Hoi-
lister. Frederick d. Tappan, James Still
| Brayton Ives. Edwin Packard. H. N. Whit
ney, Samuel ID. Davis. Frederic Cromwell.
] Robert G. Erwin. John N. Hutchinson,
! Philadelphia John BlOodgood.
Immediately after the election of the
new board of directors Dir. Calhoun called
up his resolutions for which Mr. Il. ID.
! Christian offered as substitute q resolu-
ton requesting the new board of directors
to make an investigation of the AFFAIRS of
! the company and Of its past history. TO en-
/ pIoy such experts and counsel as may De
! necessary and 10 report the result to the
next General meeting of the stockholders.
The substitute was adopted by the same
/ vote which had elected the Clyde ticket.
APPROXIMATION.
The Chair was requested to inform the
meeting in regard to the prospect of re-
/ organization of the affairs of the company.
| Mr.. Clyde stated that he could only speak
/ for himself and explained that from what
he had been able to learn heretofore the
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