New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-10
RAILROAD INTERESTS.
TERMINAL. STOCKlnLDERs TO MEET


D1RrcToEs ASKED TO I->UE \ C,Lr.-A REPORT
ADVERSE TO TuE rENN-BoARbMAN-
HUNTINGTON COMMITTEE.
AZ Il meeting 4 the Adviser, General Committee
81 seven OF the RirhIn rc mnal sc"uil hOldrr>,
held at the Office OF Work, >tr1h; 4 Company yes
teIday, Chairman strong rep 'ricd that NJ had In
compliance with distinctions received AT the last
meeting. appcint,d w. h. iull, w. II. GOadby aud
II. j. Mos n committee Of the q per cent bolf
holders and GrOrg' coppcl j. l.. Manson ana H.
H. Plant committee OF IN" . per cent b0nGhOlderS
and that hey had been I'm communication with holders
Of those securities aad iHt"nd"d u nave meeting
10 day. lie reported further TINT Though the action
OF Judge Newman in appointing }. II. Rucker as
receiver G! the Macon and NlIth"rn RallGoad, the
Interest Of ;he Richmond and Danvc ana Richmond
Terminal Companies In that leased ioad. an interest
that lad eca Threatened by Judge Spccrs actiln, Lad
been properly Ir0tcctod and " uld be preserved.
Mr. strong said that Judge Bond had Saturday
last gsaulcd an order the petition of w. =. Clyde
rid others. .zing aud approving ths negotiations
which had been made tor the extension Of TIE
Richmond and Danvilc floating debt for tT0 years,
aud authorizing the payment Of the commission aud
tie accrued and accrung semi annual interest on
the lonns, and that the holders of said loans had
row practically all executed cOntrcts for their
extension.
The chairman also reported that at his request
a committee had investigated the standing OF the
Dean oardman Huntington Committee, with view
Of Inviting Its cooperation II II found to haye
any actual interest In the property and It's purp0,cs
We're such ~ the Advisory Committee could approve.
r. committee, however, reported that examination
Of the stock books OF the company for the last
live years revealed the fact that Mr. Dean Mr. Board
man aud Mr.. Huntington had not In TINT time had
IA share of sloca III thcr names. and that II 'imilar
Investigation OF the list Of d"posors OF securities
with the Central 1rusi Company, under the olcot
pan Of reorganization, rcv'a'1 that none ot them
had depOsitca a single security.
The committee therefore, reported that, as these
men had no interest in the property, and as ti"ir
published statement to the stockholders contained
matter which not already we'll known to the
public ard had not alr'ndy appeared In the annual
reports Of the company VIII rs In the bill under
which the receivers were appointed, and as 1t sug-
gcstd nothing beyond the calling OF a stockholders
meeting A measure which this committee had already
had under discussion and consideration for some
weeks and for which it only waiting to seleci
convenient mt thcr" seem Il 10 DC nothing III
the purposes In the Dean BOariman Huntington COli'
witch could the general Interest, OF
the security holders. The committee further r. ported
that thl- Ir. huntington Nn> not the wcli-known
tolrs r. huntington had been reported, bat Charles
l.. huntington, who Wa, not known In the T'lirOad
world.
\ resolution WIS then adopted requesting the
BonrI Of Directors VI the Terminal Company, which
will meet To day, TO call general meeting OF he
StVc kholdrrN AT The Oi.Cr OF the company III INrH-
mund, Va, about september II, and to close
the books OF IN" company nt least ten days b tpfc
meeting. lbl> committee frprc~"ntS u HrBr
tnaiOrii the and security holders. ana their
resolution vii doubtless De favODDy acted upon by
The board
4 prtlOl circulated Yesterday among The
,to, khUllcr, II tire Richmond Terminal Company by
tie lc,n- hOlrlmAn-l huntington Committee requesting
The B,afI of DIRECTORS 10 call general meeting Ol
.t'ckhOldtr, ~ POS blr At Richmond, for thy
purpJ-c vi cicCllng "a new board and taxing such
sic, a. might seem best for the protection Of t'N
r.rmnal Company's property. In few hours, II
Wa asserted this p-,ItiOn Was signed by holders OF
more hnn the 10 per cent of the Terminal Company
stock ncccs AIRY to call such meeting. The eiSl:rs
are also holder, u considerable part Of the Terminal
COmpIuy's bonds. 49,
TIE pr, gnmmc being urged by the COMMITTEES is
that outlined by them In their report to the stO'k-
holders. published sunday last. The committee
-ays that rs object 10 remove the ob,aocs winch
Dr, Ael Aoru ( co. said stO.d In the way " Just
and comprehensive reorganization. A. soon as
meeting II stockholders l. called proxy committee
viii b. announced.