The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1892-08-11
RICHMOND TERMINAL AFFAIRS.
Meeting Of the Board of Direc-
tors Held Yesterday.
i'So condition OF the Company Was Dis
cnssed-A Meeting WIN he Held IN
Richmond on September IS For the
Purpose of Eiecting New Board or
DirsetOrs and TraDsaet,np Othar 49,
sary Business.

New YORK, August -lSpeciall-A
meeting OF she board Of directors Of tho
Richmond Terminal was held this after
noon at Nc, so Broadway. President
Oakman presided. A report of the
various properties was read, and also
upon the condition OF the company. A
resolution was passed directing that the
meeting be called, according to the stat
ute, to be held on September Is, at
Richmond, Va, to take into consider
alton the affairs OF the company and for
the purpose OF electing q new board Of
directors and to transact such other
business as may be determined upon by
the meeting. The officers and counsel
OF the company were requested to pre-
serve as far as possible the existing
statutes until the stockholders meeting
ON September Is, so that no change
should alter the present existing condi-
tions.
The following directors were present:
Messrs. Fahnestock, Magee and Ruth
erford, Senator Brice, William e.
Strong, General Logan, Abram S. How
lit, j. G. Calhoun, Patrick Calhoun.
John Thomas and Mr.. Moore. Directly
after the Richmond Terminal meeting
had adjourned meeting of the Rich
mond AMI Danvillo railroad was held.
A report was made OF the general con-
dltion of the road and its properties.
The report was decidedly encouraging.
AT meeting OF the directors of the
Richmond Terminal Company this after
noon the following letter was submitted
to the directors
NEW YORK, Aug. 10, 1899.
wv. q. Oakman, Esq president of the
Riohmond West Point Terminal
Railway and Warehouse Company.
"DEAR SIR: Acting ubon the recon-
mendation made in the report dated
August 4, OF the committee of stoSk-
holders of the Terminal Company, of
which the undersigned is chairman,
the enclosed petition was drafted and
signed yesterday. requesting the board
OF directors, at its meeting to-day, to
call general meeting of the stock
holders at Richmond. Va, as soon as
possible to elect new board of d.
rectors and take such other steps as
may seem best to protect the Terminal
Com panY's property. This course seems
to meet with general approval. I re-
specially request that you present
this petition to the board at its meeting
To-Day.
II also beg that the board will do all
that 1t properly can do to protect the
Richmond Terminal and to postpone n
determination OF all important legal
questions affecting the company's prop.
erty and the permanent control and
management thereof, until the new
board OF directors shall have been
elected, to the end that before the court
Is asked to determine any question
which vitality affects the holders OF the
securities OF the terminal company IL
may be advised Of their views and
wishes ana that no unnecessary obstacle
may be interposed to q proper readiust-
ment OF tho terminal company's affairs
upon the lines approved by the stock
holders represented by the new board to
be elected by them.
Respectfully yours,
(Slgned) 1T. DEAN, Chairman"