Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-05-08
nc,t vek. Other changes of like charac.

next week. Other changes Of like charac-
ter are expected to follow.
MIR Inman in speaking OF the. matter
said: AZ am financially interested IN the
East Tennessee property, ana az my III.
terests exceed those of Mr. Ciyde l expect
that no will make room tor me. L am OF
course. moro heavily interested III the
Danville property, but the management OF
the Danyilie by Mr.. Oaknan Ia sstisfac-
torv 10 ali interests, and | do not expect
there will DO any change there. L think
that IL the committee does not meet Win
snccess within ten days or so deneral
Thomas. G. NJ. NcGhee. and 0. group OF
their friends will take charge OF the taSt
Tennessee. and the First National BANK
party and their associates Will take care
Of the Danvlle. The two coinpanIcs wan
both ,eou;re mid in the next few months.
the Danyille needing about S2OoOOO ana
the Fast Tennessee about 100000 to meet
maturing charges. A.
N is stated by others interested IN the
companies named that the Terminal Com
MANY will he allowed TO drift for itself.
The interest duo August lst on the Ierini-
nal G's will, II is said, probably be de-
faulted on, and holders OF the East len
nessee and Danville hoatln. debts say
,bev do not think the interest payments on
the Richmond Terminal bonds and diyi-
dands ON the preferred stock will be re-
sumed for some wears.
M course. all this may be averted by. a
quick response 10 an assessment on ,he
Richmond Terminal common stock, ana IL
ia expected that the committee will take
speedy action in that direction.
srIr AGAINST TIE last TENNESSEE.
KvoxvrrLF. TrNN.. May The case
ocainst tLe Fast Tennessee Railway Com
pany on the motion for an Injunction
AGAINST its becoming party TO the OlcOtt
pIan and for receiver came up before
Counsellor Gibson to-day. The complain
ants were unwilling TO 60 TO hearing on
their original bill, and therefore oDtalneu
leave and filed at the hour OF the hearing
an amended bill making the Terminal ana
Danville companies, the Olcott Committee
and the East Tennessee directors the de-
PENDANTS. , a..
The cist of the amended bill is that the
Olcott Committee has obtained aDsolulo
control OF the Danville aud last 1ehhes-
see companies and has the power 10 Nole
minority of the stock in all three coiipa-
mes that Mr.. Oakman and the East Ton
pessee directors are the tools and creatures
of the Olcott Committee. have aodIcateu
in it's favor and operate tue last
Tennessee road under It's oruel :.
and that therefore they are unht
nersons TO act as directors ana are
doing nothing to protect the stockholders
that the funds OF the Fast Tennessee COM
pany have been dissipated; that 1t owes
large demand loans. is in default for large
bills matured for current expenses, ana Is
half million short on It's earning Tor the
fiscal year 1S0l'e2.
The amended bill also seeks Il, remove
the present Board Of Dlrec -ors and prevent
either the Olcott Committee OF the erini-
nal or any other person. for Their 1eneht,
from voting the stock now heiid ny tic
Terminal OF held or controlled by the VI
colt Committee.
The Chancellor fixed May 23d as the day
for hearing the motion.