The times. [volume] (Richmond, Va.) 1890-1903, 1892-01-07
TERMINAL MANAGERS.
Real Cause Of the Dropping OF the Csihonns-
Guarantee Tund-Mr. biafnet
Health-New York News.
NEW YoRK BUREAU. RICHMOND TINES.
A. 400

NEW YoRK BUREAU, RICHMOND TriTs.l
Jan. &. 1892
One OF the leading men in the movement to
rsorganize the Richmond Terminal tells HE
Timrs correspondent this evening that the
Olcott committee is now making thorough
examination into the affairs Of the Terminal
and Danvills Companies. Il will PROBABLY
report in two weeks When the report ana
recommendation have been accepted by the
stockholders it is likely that certain
changes will take place in the management Oh
the Danville Company.
Who the new president will be cannot now
be said. IL may be George >. scott or sG 800
one else that circumstances may ueNei,up'
Mr. Thomas would not take the once. 70
InInan will, undoubtedly. Il ne CHOOSES 10
main as president OK the Terminal company
but il will depend on whether ne CONF. u -
10 break with the Calhouns. with whon 10
has up to this been IN close alliance.
DROPPING or THE oALHoUNs.
The dropping Of the Calhouns from the
hoard Of tho Georgia Central was que more
10 tho pressure from the outside h0iueTs %
Terminal securities than pressure liOll we
other directors. Then, 10 was ieit tn@I 1ne
CalhOuBs were not ID sympathy "''H '-' "0"
Mt John c. Calhoun bad claim against
the Georgis Central Of 10000 for placing cer-
tain securities and loans. This amount WAS
cut down by arbitration 70 r5o'VDO, ah' Sl.oo
that timo il mas been discovered thaI IHo
Georgia laws forbid a director or TOa9 re,
ceiying u commission Tor services fchueIeu
the road unless q written agreement between
IT, other directors and himself WAS IN force
prior 10 those services. II IL doupliui
whether Mr.. Calhoun viii receive anything
on his claim.
4 GUARANTEE FUND.
yes,era.v f.. guarantee fund Of six millions
was raised Tor the Terminal. which was then
reduced 20 five millions. IS that was al that
was needed % make the course peIiectlF
clear As the fund ~ guaranteed inc D@uhS
holding tho Danville loans VIII feel secure
and probably only small part OF the SUD
seriution viii DO called. The Subscribers
were General Thomas. jay Gould, CoIonei
Payne and some Of the present directors OF
the Terminal Company. Inc First National
Bank is down IOr OOO00 This accounts lot
the probable remittance OF Mt George ..
Scott AZ president of the Danylle. IhlDss
are going along quietly until the meeting
next tuesday
The advance in Tennessee Coal and Iron to-
day was the buying by practically tie same IN
terests which caused tho advance III hich-
Inond Terminal. Richmond Terminal brokers
connected with the controlling interests III
the company were also heavy buyers
MORE ABOUT BLAINE's HEALTH.
A confidential almost lifelong. friend OF
Mr.. Rlaine's. who has served him as iaith-
mi adviser in every political campaign, sad
10 dav that ut no time within the past three
vears. and particularly within the past few
months had he deemed Dir. Blaine's health at
ali secure. on the contrary, he knew and
his family knew that Mr.. Blaine was far from
being well man. The obligation Of retire
ment. serenity and avoidance OF all friction or
excitement has been imposed. because 1t is
absolutely essential 10 the prolongation OF the
patients life. There is.much sympathy OK
pressed i'm this city for Mr. Blaine's family.