The times. [volume] (Richmond, Va.) 1890-1903, 1892-08-13
LIFE IN THE TERMINAL.
srooK AND sECURITY-HoLDERs
Admit Resolutions Asking tho Court To
Postpone the Appointing OF Per-
manent Receivers.

New York, August IA meeting of tho
stock and security-holders Of the Richmond
and West Point Terminal Railway and
Warehouse Company was held to-day at the
offices of Messrs. kissam Whitney d Co..
in the Mills building. Dir. henry n. Whit
ney was elected chairman and Mr.. Albert
Boardman secretary of the meeting. The
following resolutions were unanimously
adopted:
Whereas the board Of directors Of the
Richmond and West Point Terminal Rail
way and Warehouse Company have called
a general meeting Of the stockholders OF
said company at Richmond, Va, on Sep
tember 10, 1892, for the purpose Of electing
q new board of directors OF said company,
Resolved. That in view Of the wide distri-
button of the stock OF the Richmond and
West Point Terminal Railway and Ware
house Company. there being now about
two thousand stockholders. the divergent
interest seeking u control said company,
the dlssentions by which 1t IS surrounded,
the Injurious effect of its present cOndl-
ton upon the prosperity OF large
section and many classes Of valu-
able securities and the indirect
injury done 10 the whole railway situation,
at nome and abroad, the movement tor re-
Mobilization Of said company should be
given the broadest possible basis. one that
will Immediately inspire the confidence or
the public 80 essential TO the preservation
Of its properties.
Resolved further, That for the above
reasons. and in view of the magnitude of the
interests involved, strong representative
and harmonious board should be elected az
the meeting of the stockholders VINO will
First, Manage said company's property IN
tho general interest of oil It's security
holders
Second. Remove any obstacles which may
be in tho way OF equitable and comprehen-
siye reorganization of tho system OF rail
roads controlled by said company
Whereas at the meeting OF the board of
directors OF the Richmond and West Point
Terminal Railway and Warehouse Com
pany held on Wednesday last a resolution
was passed directing the counse! OF the
company 10 secure q pOstpOnemeut Of the
appointment of permanent receivers until
after the meeting Of stockholders called for
September 18th, at which meeting Mr. W.
j. CLYDE was elected a member Of sand
board. and
Whereas the counsel Of Mr. Clyde have
positively refused TO consent to such post
ponement, but Will press on the 10th instant
for the confirmation OF the present receivers
as permanent receivers Of the Richmond and
Dauyille Railroad Company. and
Whereas the present receivers OF the
Richmond and Danville railroad have been
held out in the attitude OF representing the
special interests of the compliments IN the
bill under which they were appointed, which
has seriously affected public confidence IN
the impartial management of said proper
ties under said receivers:
Resolved, That the court is respectfully
requested 10 postpone the motion for the
appointment OF permanent receivers until
after the election of the new board OF direc-
tors on the 10Th Of September next. and
that IN the appointment OF such receivers
persons disconnected in the public mind
from sll interest in said properties and en-
tIrely impartial 20 all be selected as such
receivers.
Resolved. That all stockholders in sym
patty with the object set forth IN the reso-
lutions of this meeting are invited 20 meet
at the Office of Kissam, Whitney Il Co..
Mills building. at o'clock =. VI. August
18th, 10 take such steps as are necessary to
carry out these objects.
Among those present were. Messrs. John
Bloodgood d Co.. Frederick Taylor Il Co.,
Steinburger. Fuller d Sim; Hoskins i Co..
st. John. John G.. Colburn and Patrick Cal
houn. More than 100. 900 shares OF the
stock OF the Terminal Company were repre-
sented at this meeting. and the unanimous
opinion of those present was that the OBJ
stacles BIessrs. Drexel. Morgan g. Co. found
IN the way Of an equitable and comprehen-
sive plan of reorganization should be re-
moved by the security holders.