The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-01-09
1NMAN TO BE RE-RLEcTED.j
He Agrees to Accept. at Gen. Thomas
Request.

He Agrees to Accept. at Gen. Thomas
Request.
New YORK, Jan. S.-The following cor
respondence, which occurred to-day, ex-
plains itself, and is of public interest as be-
ing the latest developments in the Terminal
situation. 1t shows that there is no proba,
bility of John H. Inman having a successor
as president Of either the Richmond aud
Danville or the Terminal company as long
as he cares to continue as the official head of
those corporations.
John H. Enmdn, ESQ, President Richmond
and DGnUtie Railroad COmDGnU
DEAR SIR-In behalf of the Committee ap-
pointed for the purpose of nominating presi
dent and board of directors for the Richmond
and Danville Railroad Company, to be voted
Tor at the annual meeting to be he'd on Tues
day next, beg to say it is the desire of myself
and associates that you accept for the ensuing
year reelection to the position of president
of said company.
Trusting that you will find it consistent with
your extensive business arrang euents to COM
ply with this request, am. yours truly,
SAMUEL THOMAS, Chairman.
Mr.. INMAN's REPLY.
Gen. Samuel Thomas Chairman Etc:
DEAR GENERAL-Your kind favor OF even date
is at hand, in which you inform me that it is the
desire OF the committee appointed for the pur-
pose Of nominating a president aud board Of
directors for the Richmond and Danvle Rail
road Company, that | should accept re-
soica slection yeas as president fea for the en- en-
frankly state that do not desire to continue
the burden of responsibility which | have car
ried during the past two years as the executive
head OF the corporation. Inasmuch, however,
as the various companies connected with our
system are undergoing a reorganization, the
object of which is to place the properties upon
a more substantial financial basis and as | am
In full accord with the efforts of the security
holders and their committee to secure
this result, | regard it my duty
to comply with your request, provided it can be
so arranged that I can be relieved of official
duty at an early date, certainly not later than
the day on which the members of the commit
tee shall put into operation the plan that may
be agreed upon by them. With this under
standing you are at liberty to use my name for
any position that will in your Judgment, serve
the best interests Of the properties. Believe
me, very respectfully yours,
JOHN H. INMAN.
At the annual meeting of the Richmond
and Danville next Tuesday all the old di-
rectors except three will be reelected. The
only changes will be w. E. Strong, Of
Work, Strong q Co.. to succeed John Il.
Hail, deceased; I. III. Logan in place OF
John G. Calhoun and James Swan instead
Of Mr.. Barbour Of Richmond, Va.
The Olcott committee is said to be maxi
ing rapid and satisfactory progress with its
work, and will probably announce its plan
for the permanent adjustment Of Terminal
I affairs next week. In anticipation of that
announcement, aud on the general belief
that the Terminal is already practically de-
livered out of all its financial difficulties,
the securities of the company continue to
boom, all Of them having attained higher
range of values to-day than for many
months past. NJ j. V.