The morning news., 1892-03-08
OLCOTT STILL HOPEFUL.
A CLAIM THAT HIS SCaEMH IS
SURE TO 90 THROUGH.

"
A Syndicate to Underwrite the New
Securities to the Extent of S2o,oOo,-
600 Counted on as a Certainty-Ihs
Fight on the Lease OF the Central Ig-
nored.
NEW York. March 7.-The Erening Post
says: Several conferences have recently
been held of tho various Richmond Termi-
nal interests for the purpose of expediting
the issue Of the Richmond Terminal plan,
and it is stated by parties interested in the
organization that the obstacles which inter-
fered with its issue have been removed.
One Of these was the inability to form a syn
dictate Of sS5. 900 900 to underwrite the plan.
1t is now proposed to reduce the amount to
be subscribed by the syndicate to about
$50 900 200, which 1t is claimed can be easily
raised, and the officers of the company state
that this amount will be ample to insure the
success Of the plan. The stock declined on
published report that receiver of the
company would be asked for, but the securi-
ties of the company rallied and advanced on
official denials Of the reports."
NOT BoTHERIN ABOUT RoUNTREE.
INACnluOuA QAl1Cldto huu luCiAl~
bers of the reorganization committee, ar
cording to the Tribune, to-day seated that
the appointment of a temporary receiver
for the Central Of Georgia would not inter
fere with the committees efforts 10 bring
out and put into operation their plan for re-
organizing the system. Some of them went
so far as to assert that the plan
had gained strength because of
the tactics OF the obstructionists
fTha nnftOn for thu annOiufun nj
of permanent receiver will come up for
argument March IA.
John H. Inman, president of the system,
said: 1--WE are not troubled up here over
the receivership, however, the matter may
be looked upon in Georgia l had a talk to-
day with Mr.. Olcott We have made no
plans yet, but we shall 60 on with our
work"
THOMAS SAYS ITS MooNsHINE.
Gen. Samuel Thomas is quoted as saying:
"The application amounts to nothing The
court has appointed Gen. Alexander re-
ceiver, but has taken great care to instruct
him not to do anything as receiver which
would involve the court In difficulties pend
ing ten days, at the end Of which time there
would be a hearing In the case.
He has received no property and
there is none for him to
receive. 1t Is all piece of moonshine. and
will be quickly disposed Of. There is no in
tenton to put the Richmond Terminal in a
receivers hands. The committee Is going
ahead with its reorganization plan. The
reports and present court proceedings have
upset some pins here and there, but we are
picking them up again, and soon expect TO
have the ball rolling as before We can
not say yet just when the plan will be
out"
oLcoTT's PLAN STRENGTHENED.
A. @. Maben asserted that the reorgan-
ization plan had gained strength through
the court proceedings in Georgia, and new
names Of capitalists who would enter the
proposed syndicate would be given soon.
Col. Calhoun, commenting upon an asser-
tion that he and John Calhoun were behind
the injunction proceedings. said: ANY
| statement or insinuation that my brother
or myself we're directly or indirectly instru-
mental in placing the Georgia Central rail-
road in the hands of receiver is rnques-
| tionably false. Thefirst intimation that ]
had that an application had been made for
receiver was at o'clock Friday In
Gen. AIexander's dispatch to Mr..
Inmsn announcing his appointment.
| The news came to me like a
clap of thunder In clear sky. have be-
| lieved that the Olcott plan would be unsuc-
| cessful, because did not think that even
Mr.. Olcott's greet name and distinguished
| abilities could inspire public confidence in
the management after what they had done
last fall and winter. have tried 70
prevent any explosion of the antagonistic
sentiment their actions have engendered.
shall now endeavor, to the best Of my
ability, to prevent the properties OF the
| Richmond Terminal Company from being
wrecked. The prosperity of the security
holders, and OF large section of the coun-
try dependent for transportation upon these
roads, is wrapped up in their honest and
conservative management. Whatever
tends to this end will meet with my cordial
| support and cooperation"
| On the stock exchange to-day the stocks
and bonds OF the Richmond Terminal Com
| pany rallied sharply, the bonds more than
| recovering the losses Of the last two days of
| last week. The preferred stock closed "a
points better than on Saturday.