The times. [volume] (Richmond, Va.) 1890-1903, 1892-05-29

Messrs. Drerel. Morgan & Co. Have Under
taken tho Task to Win.

Ngw YonE. May 2s.-lSpecal When A
banking house comes to stand 50 well on two
continents "a 10 make its undertaking OF any
thing practically synonymous with success
rs reputation Is indeed enylaDle. DleAel.
Morgan a. Co. have made this character for
themselves. and II is that which makes every
body believe that their consent 10 take up
and investigate the affairs of the Richmond
Terminal Company viii result IN the best
possible solution Of the complex problem.
Their ability iOT such work is not based solely
upon the fact that they have unlimited
money. but Is the result Of their wide expert
ence and intelligent and straightforward
methods. They never waste any time. Once
determined upon "a course Of action they pur-
sue 1t vigorously from the word 90. and in
exactly this fashion they will handle tne
Terminal affair.
sIr. Samuel Spencer the railroad represen-
tatlye cf the firm. will leave for tho South
next Monday night. He goes 80 spend two
weeks or more on the various lines of the
system. iie goes for business only and when
he cOmas back ne viii be thoroughly in
formed as to the physical condition Of every
mile OF the Terminal property. He will also
acqualnt himself with the earning capacity of
the various lines and study closely their pos
abilties ior turthering the material develop
ment OF the country through which they
run.
L he first speculative thrill OF excitement IN
cident 20 DreXei, Morgan a. Co. becoming
Identified with the Terminal properties spent
Hset quickly. but the substantial benefits
which will grow ont Of their connection with
DO are incaicuiab.e. They have q contempt
Tor tlurries IN the stock market: they go ia
for bigger game aud give their energies and ge-
MUS 90 tho honest. fa.thfu. and intelligent con-
duot0fanvaud oil affairs witt which their name
s connected They never wear the collar OF
any clique. but work on independent lines
determined hy their convictions. ! am iusti-
led ly the highest authority in saying that 20
rs .a this WAY they have taken Up the Terminal
reorganization. They go into the matter
without the slightest pledge NJ partiaity 20
any man or set Of men ever heretofore
identified with tlo Terminal management.
They admit Obligation 20 nobody but
tho bona fde owners of the pro-
periy. and for that reason the honesty ard
wisdom of their course VIII he uuquestiou-
oDIe. To have them thus connected with
this vast railroad system VIII be- or inestima-
bic advantage 60 the South. There Is nothing
.lat has happened IN the financial history Of
That section since the war more important To-
tho mnteriai development and substantial
prosperity of 10 and iis people. Much NJ tho
adverse legislation and puUlic sentiment
which has heretofore been aimed against the
Terminal Company may have been more or
meut. but from now ON lawyers and Iaw-mah-
ers and tho public may res, easy IN tho faith
that everything will uo done for tho leglt'-
mate enhancement of all property affected by
t4e system. and tor periecung railroad
Service She South should welcome
this change of conditions and render
every possible assistance toward carry
ing ont the plans which Drexel. Morgan
6 Co. may iuaugurate. Their programme
VIII no doubt be broader in its contemp.atons
and sounder in It's financial provisions than
anything heretofore recommended. and they
will he influenced by uo Wall-street coterie Of
stock market manipumtor5. All parties OF
tho present and past Terminal regime admit
this md the general public knows 1t 10 be SO.
The feature in Richmond Terminal to-day
was the buyiug0f tho common stock by Guy
ler Morgan 0 TO-, of which hrm son of }.
pierpont Morgan is % member. The announce
ment that DrrXel, Morgan Co.. bad formally
agreed o. undertake the reorganization OF the
property induced professional trader- 10 buy
the securities iu anticipation of further buying
by friends of the banking firm.
TIP CHSTnAL's DIVIDEND