The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1892-03-22
THE SCOOP CONES TRUE.

Point by Point The Constitution Is sn'-
tuineI as to the Greet Railroad Deal.
ono woel1 aco today The Constitution an
novnced that the Richmond Terminal had
been scooped by the Baltimore and ONO ana
tho Philadelphia and Reading. 1t announced
that w G. Oakman, Ylce president ana gen
eral manager of the Jersey Central, would be
made president OF the Terminal; that General
Thomas Messrs. John Inman and CALVIN
Brice had lost control OF The SYSTEM; that the
closest traffic arrangements would be mace be-
tween the Terminals properties, the Balu-
more and Ohio and the Reading. 1t was
further stated that tho Central OF Georgia
would be dropped by the Terminal.
Mr.. Inman resigned early in the week, and
w. q. Oalslnan was elected president Of both
tho Terminal company and the IHchmohd ana
DanvilIo, succeeding MI lnman:
Then two of the Readings directors were
put on the Terminal board.
Next General Sam Thomas stepped down
from tho East Tennessee's board OF control,
and Mr. Oakman was elected to succeed him.
Another turn of the wheel, and hlr. FELTON,
resigned from tho presidency OF the East Ten
ncgsce ana Oakman was elected to succeed
The Terminal throw up the CentraPs lease
Yesterday
The announcement has already been pub
lishcd that a connecting line is
nearly completed between Linden sta
ton. on the METROPOLITAN branch OF The Baitl-
more and Ohio, and Fairfax station OF tie
Virginia Midland division OF the Richmond
and Danvine When TINS line IS iirlshed, W
per cent OF the Danyillo's business which now
goes over the Pennsylvania road VIII be given
10 tie Baltimore and Ohio.
Point by port, The Constitutions scoop has
come true The Constitutions information
came from the inside and was straight. bnce
and Thomas do not begin 10 cut tho figure in
Terminal that they did. Others control II now
The First National bank capitalists OF New
York the strongest syndicate III America,
control the Reading and control the Terminal,
and are heavily interested IN the Baltimore
and Ohio. They have great resources, and
can handle the Danvilo and the East Tennes
SEQ if anY syndicate can, From the first they
have not wanted the Central of Georgia under
Z per cent lease. IT is believed that they
hope TO see the lease broken, and trust 10 their
ownership of a ma iority OF the stock for the
control. Another syndicate, which IS
largely interested in the Central is
also interested in the Louisville and Nashville.
by next fail the Louisville and Nashyille's
friends Will be ready to assist the Central in
financial WAY Traffic arrangements will prob
ably be made before that time. AS the Con-
tral can make more money working with the
Louisville and Nashville than with the Dan
Vile it will be better Off under close traliic re-
latons with the former than with the latter.
Tie underwriters of the Richmond Ierml-
NAILS reorganization plan are strong men
Frederick y. Tanen, OF the Gallatin National,
is bank officer who takes hold Of only the
highest quality of securities. +. p. Olcott is
an expert in reorganization prob!ems Oliver
II. Payne is one of the Standard Oil million
a;sss, and President Perkins, Of the Importers
a51 Traders National bank, is a heavyweight
in money circles. Financial backing is also
given by the Hallgartens, the Wormsers, j.
Kennedy Tod & Co, Winston, I@ner & Co,
and most important of all is the First National
bank syndicate
Conservative estimates as to the prices the
Terminals new securities should bring put
them at 70 for the new Is, 40 for the now pre-
ferred, and 10 for the new common.
Thus standard of prices would make the value
Of the whole system stand:
Security. Amount. Prlee- Mar! V2iue
4 ner cont mort Si7O.O0OOOl 20 Sli9 ,Oo0,0g0